Luxury retail stocks fall amid economic and global uncertainty
While consumers and retailers have held up surprisingly well through a challenging world, from war to inflation to political uncertainty, the fashion industry remains vulnerable to Wall Street shocks. Consider this a reminder of how quickly trends can change. Luxury and fashion stocks sold off on Wednesday as the ceasefire between the United States and […]
Stock trends and brand strategy
In Wall Street’s cruel calculations, figuring out why stock prices are going up or down requires two basic pieces of information: how a company is doing and how it compares to investors’ expectations. If investors see a recovery after repeated disappointments and a continued upward trend, this could result in a significant increase in stock […]
Luxury customers want more meaningful connections, says new report
LONDON — The highest-end luxury customers can have it all, but now they want even more. New research from Team 1 shows a fundamental shift in the way the “rich” define a fulfilling life. They prioritize friendship over status and seek genuine connection. This change is forcing some brands to rethink their marketing approach. Team […]
What is driving the exponential growth in retail sales and will it continue?
Christmas came early for retailers this year, with sales not only increasing last quarter but, for some companies, outright surging. Tapestry’s net revenue increased 21.2%, putting Coach’s parent company on pace to meet its three-year financial goals in just one year. Ralph Lauren rose 16.6% and Victoria’s Secret & Co. rose 15.3%. Comparable sales at […]
OTB increases its stake in Viktor & Rolf and takes full management control
MILAN – OTB is strengthening its relationship with Viktor & Rolf by increasing its stake in the brand for full control. The Italian fashion group founded by Renzo Rosso first acquired a 51% stake in Viktor & Rolf in 2008, increasing its stake to 70% in 2019. Viktor Horsting and Rolf Snoeren, who founded the […]
Saks Global moves closer to emerging from bankruptcy with new board and litigation trust
As Saks Global races to emerge from bankruptcy court, there is more focus on the “new Saks.” The retailer, which filed for bankruptcy on Jan. 13, updated its organizational plan to the court this week, detailing the composition of its board of directors and the scope of a litigation trust it will establish with the […]