LONDON — Ralph Lauren has been caught in a misinformation bind in China. Several local media outlets, namely Beijing Business Today, an influential state-run entity, said the brand reportedly suffered from a 95 percent order cancellation rate during this year’s Singles’ Day online shopping bonanza. Alibaba quickly struck down the reports. You May Also Like According to...Read More
WWD and Placer.ai’s Retail & Apparel Trends: 2025 Outlook webinar last week zeroed in on some key points that revealed that the so-called “retail apocalypse” was a fallacy, and that it’s more of a renaissance where retailers were forced to transform their businesses, said guest Ethan Chernofsky, senior vice president of marketing at Placer.ai. The...Read More
Uplifting the Black community has long been at the center of The Whitaker Group‘s mission. That mission is evolving with The Collective on Tuckaseegee, a new development in North Carolina. This summer, The Whitaker Group — the James Whitner-founded parent company of retailers A Ma Maniére, Social Status, APB and Prosper — will open a development...Read More
MILAN – Competition in retail real estate is heating up. Kering said Thursday that it has acquired a storied building on luxury thoroughfare Via Montenapleone in Milan. The transaction with the building’s former owner, a subsidiary of Blackstone Property Partners Europe, was valued 1.3 billion euros. The 18th-century palazzo, one of the largest on the street...Read More
LONDON — Manju Malhotra, chief executive of Harvey Nichols, is stepping down. She was appointed to the big job at the luxury department store in January 2021, reporting to Sir Dickson Poon, the chairman and owner of Harvey Nichols since 1991 through his company Dickson Concepts. Malhotra has been part of Harvey Nichols for 25...Read More
Amid the volatile macroeconomic environment, luxury customers are becoming more “deliberate and value-focused” in their spending. They’re also shifting discretionary dollars more toward wear-to-work clothes and fashion for dining out and parties, and pulling back spending on casual clothes, sneakers and handbags. That’s the read on the luxury consumer from Marc Metric, chief executive officer...Read More
Online prices in March fell 1.7 percent year-over-year (YoY), marking the seventh consecutive month of YoY price declines, according to a report released Monday by Adobe. March online prices were largely unchanged compared with February, rising just 0.03 percent, according to Adobe Digital Price Index (DPI), which measures inflation online. The company said that over...Read More
A popular name in comfort has a new look — and could soon find its way into stores again. The Abeo footwear brand was relaunched this month by parent company WalkingCo (the multibrand retailer formerly known as The Walking Company) with a product overhaul, branding refresh and comprehensive digital experience update. The move comes after...Read More
Jun 15, 2022 9:18AM EDT Retail sales edged slightly down in May from last month, but were still well above last year’s levels. The U.S. Census Bureau reported today that retail and food service sales in May 2022 totaled $672.9 billion, marking a seasonally adjusted 0.3% decrease from the previous month and a 8.1% leap...Read More
Moda Operandi, the e-commerce platform for designer fashion, will begin offering beauty products on its website later this year, WWD has learned. It’s a move by Moda to gain ground in an increasingly competitive online field of luxury players, notably Mytheresa, Farfetch, Saks.com, Matchesfashion and Net-a-porter. Jessica Matlin, formerly Harper’s Bazaar’s beauty director and currently...Read More
