Urban Outfitters Inc. reported stronger-than-expected sales growth in the third quarter, led by its Anthropologie brand. Sales at stores open at least 12 months rose …
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Woes
Hermès Faces Slowest Quarter in Years as Luxury Woes Spread
Hermès, traditionally resilient in the face of challenges weighing down its luxury peers, will probably show the impact of the industry slowdown in its third-quarter …
China’s Booming Grey Markets Add Woes to Luxury Brands
China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to …
LVMH’s Sephora Cuts Around 10% of Staff in China as Woes Deepen
Cosmetics retailer Sephora is cutting hundreds of staff in China, according to people familiar with the matter, as one of LVMH’s biggest brands tries to …
Nato members, IT woes, and more than a little Liz Truss – take the Thursday quiz | Life and style
The Thursday quiz has had its mind fair boggled by Liz Truss and her attempts to stay relevant. Since losing in the general election she …
Farfetch Woes Worsened by Brands’ Distaste for Discounts
A winding down of the post-pandemic spending frenzy is hitting European luxury companies from LVMH to Kering, but none more than Farfetch, an e-commerce pioneer. …
The Big Bet on Luxury Stocks Stumbles on Inflation, China Woes
Problems are stacking up for Europe’s hottest sector. A warning from the chairman of Cartier-owner Richemont that stubborn inflation was starting to affect demand in …
The Year Ahead: Can New Production Models Help Fashion Overcome Supply Chain Woes?
The fashion industry operates on an outdated manufacturing system that is ripe for disruption. With many practices remaining unchanged for more than 50 years, fashion’s …