As Alibaba's founders announce their investment in Rent the Runway and Kering plans to test a new subscription system, the luxury industry is preparing to respond to a new consumption mode that heralds a revolution.
Beauty products maker Coty Inc has launched an $8 billion (5.7 billion pounds)-equivalent debt refinancing, banking sources said, after paying billions to acquire brands that appeal to younger consumers.
The Cato Corporation has reported its February same store sales are down 5% over last year. It also reported a 5% increase over sales of $63.8 million for the four-week period ending February 25, 2017.
Movado has appointed two executives to lead digital and social media, and also form a new Digital Center of Excellence. Behzad Soltani is new chief digital officer and Michelle Barna-Stern is the new VP of social media.
The chief executive of British retailer Marks & Spencer , Steve Rowe, said he and his new chairman, Archie Norman, differed very little on the strategic direction of the company and were working well together.
Extreme weather across the UK has piled misery onto fashion retailers with a ‘perfect storm’ of negative factors denting footfall, causing stores to close and dampening consumer interest in warm-weather spring product.
The social media-fueled Grab Your Wallet campaign from 2017 is back with consumers now calling for the boycott of retailers affiliated with the NRA. Apple and Amazon are being targeted for streaming NRA TV.