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Nordstrom holiday sales drop 22%, despite online surge

Nordstrom holiday sales drop 22%, despite online surge

Department-store chain Nordstrom said on Wednesday net sales for the nine-week holiday period ended Jan. 2 dipped 22%, as the retailer saw less traffic due to the ongoing Covid-19 pandemic in the United States.
Fashion
Brunello Cucinelli: The Jean-Jacques Rousseau on being a humanist entrepreneur and the need for a social contract with creation

Brunello Cucinelli: The Jean-Jacques Rousseau on being a humanist entrepreneur and the need for a social contract with creation

Brunello Cucinelli, who opened the famed Florentine trade fair Pitti on Tuesday, is fashion's resident philanthropic designer entrepreneur. One of fashion's busiest men discusses his idea for a new social contract.
Luxury
London Fashion Week to be digital, no live audiences allowed

London Fashion Week to be digital, no live audiences allowed

​England may be in lockdown at the moment, but London Fashion Week will go ahead next month, although there will be no live audiences allowed and the week (actually five days) will be fully digital. 
Fashion
Strong whiff of wartime scandal clings to Coco Chanel

Strong whiff of wartime scandal clings to Coco Chanel

When Gabrielle "Coco" Chanel died in her suite at the Ritz in Paris 50 years ago, the world mourned the greatest fashion designer of the century - without mentioning her wartime work as a spy for the SS.
Luxury
Debenhams Oxford Street flagship axed, five more stores to close

Debenhams Oxford Street flagship axed, five more stores to close

As talks between administrators and third-parties go on concerning some kind of future for the Debenhams business, the company has announced several key stores closures and hundreds of redundancies.
Fashion
Chinese luxe retailer Secoo mulls CEO approach to go private

Chinese luxe retailer Secoo mulls CEO approach to go private

​Chinese luxury e-tailer Secoo Holding Limited is considering going private and delisting its shares after receiving an approach from founder, chairman and CEO Richard Rixue Li to do so.
Luxury
Net-A-Porter launches social-first digital beauty festival

Net-A-Porter launches social-first digital beauty festival

​Luxury e-tailer Net-A-Porter has this week launched a social-first, digital Beauty Festival called ‘The Beauty of You’ with plans for it to be an annual event.
Luxury
Moda Operandi names Jim Gold as interim CEO

Moda Operandi names Jim Gold as interim CEO

Gold has previously served as president of Bergdorf Goodman and as president and chief merchandising officer of Neiman Marcus Group. 
Luxury
Spain’s fashion sector closes 2020 with a 39.8% drop in sales

Spain’s fashion sector closes 2020 with a 39.8% drop in sales

Following a “genuine disaster”, the Spanish Textile Trade Association is not optimistic about its January sales as shoppers remain reluctant to buy clothes, fearing that they will not have the chance to wear them.
Fashion
Balmain appoints Matthieu Petri as group CCO

Balmain appoints Matthieu Petri as group CCO

The Parisian label owned by Mayhoola, the Qatari royal family’s investment fund, has poached its new commercial director from high-end jewellery brand Chaumet.
Luxury
Brunello Cucinelli opens Pitti, in Solomeo, not Florence

Brunello Cucinelli opens Pitti, in Solomeo, not Florence

Brunello Cucinelli on Tuesday opened Pitti Connect, the latest version of the famed Italian menswear trade fair, but in Solomeo in Umbria, not in Florence in Tuscany.
Luxury
Chanel heading south to Provence for next Cruise show

Chanel heading south to Provence for next Cruise show

Chanel is heading south to Provence for its next Cruise show, when the fashion house will unveil its 2022 resort collection in the Carrières de Lumières in Les Baux-de-Provence, France, on May 4.
Luxury
2020 UK retail sales hit 25-year low, even after a stronger Christmas

2020 UK retail sales hit 25-year low, even after a stronger Christmas

We all know retail was a disaster last year. But just how bad was it, given that e-commerce performed well? The worst in 25 years, according to The British Retail Consortium (BRC) and KMPG. 
Fashion
Moncler launches sustainable Born To Protect collection

Moncler launches sustainable Born To Protect collection

Moncler has launched a new range of jackets made entirely from sustainable materials as part of the luxury outerwear company’s Born To Protect plan, a sustainability commitment that it announced back in October.
Luxury
Ever-more-casual Boss brand names Chris Hemsworth global ambassador

Ever-more-casual Boss brand names Chris Hemsworth global ambassador

​Hugo Boss has announced Australian actor Chris Hemsworth, best known for his role as Thor, as the first Hollywood star to be appointed as global brand ambassador for its Boss brand. 
Fashion
Yeezy tops search list for consumers seeking counterfeits

Yeezy tops search list for consumers seeking counterfeits

Yeezy, Gucci and Louis Vuitton top the list of in demand brands by those seeking counterfeits online, a new report has shown. It also said 54% of consumers would buy fakes.
Fashion