Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home.
Major consumer companies including Unilever and Procter & Gamble are chasing consumers who want goods delivered automatically, pitching new online subscription services, even though these have not always worked.
Klarna, the Swedish payments specialist has a new minority investor - rapper Snoop Dogg via his Casa Verde Capital fund. The company has also just unveiled a new marketing campaign starring the celebrity.
Fashion and interiors retailer Laura Ashley has high hopes for its expansion in China and said it’s optimistic that the country will be the “right market” for it as growth at home lags.
Porsche Design and Puma have struck a long-term partnership deal and will launch an extensive product line, featuring apparel, footwear and sport equipment, called Performance Collection.
Mamas & Papas continued to struggle in its latest year as it reported another loss, although there were some bright spots as its online sales continued to accelerate and now make up nearly a third of its total turnover.
More bad news for UK retail came on Wednesday as the latest Consumer Spending Index, compiled by IHS Markit, showed total consumer spending down 1% in December.
Fashion was the star performer at John Lewis again in the latest week although overall sales saw only a tiny rise. Women's accessories did well, as did kidswear.
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Selfridges has released its biggest campaign yet dedicated to taking the arts out of galleries and museums often perceived as intimidating and putting them in unexpected and more accessible public places.
A newspaper report has suggested that Debenhams’ ongoing efforts to secure its future could see as many as 90 store closures with 10,000 jobs to be axed as a result.
As December footfall dropped, the company tracking the figures has warned that discounts are severely hurting the Christmas shopping season and damaging retail health in general.
Shop Direct delivered some (late) Christmas cheer on Monday morning with news that it enjoyed “strong” seasonal trading in what was an undeniably challenging market.
The Wisconsin-based department store operator reported an increase of 1.2% in comps for the 2018 holiday period, a significant deceleration when compared to the growth of 6.9% seen in the prior-year period.
Amazon.com Inc shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street.
