The drive to embrace all-things sustainable continues to accelerate. Online luxury and fashion retailer Yoox Net-a-Porter has upped its commitment to the cause, joining The Prince of Wales’ Terra Carta initiative.
As consumers gear up for a summer fashion season that might be able to include some getaways to sunshine destinations (given the successful vaccine rollouts), there’s plenty of news on the sunglasses front.
Luxury Oslo department store Steen & Strøm has reopened after a €29.5m upgrade. The historic store has a new entrance on Norway’s busiest shopping street, a state-of-the-art beauty hall and upgraded architecture.
Just how confident directors are can be judged by how many shares they’re buying in their own businesses. And the chief executive and chairman of Shoe Zone have just bought £1.3 million worth of shares in the retailer.
The bounce in UK consumer confidence continues. The easing of Covid-19 restrictions was the obvious plus behind a six-point rise for May ( to -9), returning to the level last seen before the pandemic hit.
What a bounce-back! UK retail sales volumes grew sharply last month as non-essential stores in England and Wales reopened mid-month and Scotland joined them in the closing days of April. Clothing had a very good time.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
The Goleta, California-based owner of brands including Ugg and Hoka One One announced Q4 sales of $561.2 million for Q4 on Thursday, up 49.7% from $374.9 million in the same period in the previous year.