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Hermès sales stay strong, prices set to rise

Hermès sales stay strong, prices set to rise

​French luxury group Hermès said on Thursday that it enjoyed a strong Q3 with sales up 32.5%. Sales reached €3.136 billion in the three months to the end of September, with strong growth in all its business lines.
Luxury
Battersea Power Station is finally open, biggest retail development in years

Battersea Power Station is finally open, biggest retail development in years

Battersea Power Station finally reopened on Friday as a giant shopping mall and leisure destination after a transformational - and hugely expensive - restoration.
Fashion
IKEA lets around 10,000 staff go in Russia, reports say

IKEA lets around 10,000 staff go in Russia, reports say

IKEA has now let go around 10,000 employees in Russia as it makes its exit from the country, news agency AFP quoted the company as saying on Thursday, as the Swedish furniture giant reported record annual sales.
Lifestyle
IKEA reports record sales as price hikes offset weakening consumer confidence

IKEA reports record sales as price hikes offset weakening consumer confidence

Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia.
Lifestyle
Ungaro expands into leather goods with La Compagnia delle Pelli

Ungaro expands into leather goods with La Compagnia delle Pelli

The luxury house is launching a line of bags with Italian manufacturer La Compagnia delle Pelli, which will manage production and global distribution. Licensing agreements have also been signed for a homeware line.
Luxury
Elliott in talks with Matalan over bid - report

Elliott in talks with Matalan over bid - report

Prominent global activist Elliott Advisors is in talks to back Matalan founder John Hargreaves in his bid to buy the heavily indebted fashion and lifestyle retailer, according to Sky News.
Fashion
TikTok plans U.S. fulfilment centers

TikTok plans U.S. fulfilment centers

Chinese short-video content platform TikTok is reportedly looking to rollout several fulfilment centers across the U.S., according to dozens of job postings on LinkedIn for roles in fulfilment.
Fashion
Artemest opens first-ever NYC flagship gallery

Artemest opens first-ever NYC flagship gallery

Italian online marketplace Artemest announced on Tuesday the opening of its first-ever flagship gallery in New York City. 
Lifestyle
EU says Shopify to improve platform to make online shopping safer

EU says Shopify to improve platform to make online shopping safer

The European Commission said on Friday e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.
Fashion
Metaverse consultant Metav.rs raises €3 million

Metaverse consultant Metav.rs raises €3 million

The French company, which advises brands on developing and commercialising NFTs and on setting up their own ‘miniverse’, has announced it raised €3 million to fund its growth.
Lifestyle
UK furniture retailer Made.com posts wider half-yearly loss as costs rise

UK furniture retailer Made.com posts wider half-yearly loss as costs rise

Made.com reported wider half-yearly losses as the British online furniture retailer struggled with higher costs and heavy discounting.
Lifestyle
Prisma Media to launch French edition of Harper's Bazaar in March

Prisma Media to launch French edition of Harper's Bazaar in March

Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
Fashion
Dior links with Harrods for Christmas celebration

Dior links with Harrods for Christmas celebration

​With the key festive selling season looming, Dior has announced that it’s paying “tribute to the unbreakable ties it has woven with Harrods over nearly 70 years, and to Christian Dior’s love of Christmas celebrations”. 
Luxury
Never Fully Dressed dips its toes in Los Angeles

Never Fully Dressed dips its toes in Los Angeles

The brand created by British designer Lucy Aylen, and popularized thanks to Instagram, opened its first pop-up store at Platform shopping location in Los Angeles.
Fashion
Bed Bath & Beyond begins store closures

Bed Bath & Beyond begins store closures

Bed Bath & Beyond is starting to close stores, in an effort to rescue itself, and has disclosed dozens of the 150 stores it plans to close. 
Lifestyle
Shopify offers workers greater say in compensation structure to attract talent

Shopify offers workers greater say in compensation structure to attract talent

Shopify Inc said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as it seeks to attract and retain workers.
Fashion