Luxury group LVMH reported 10% organic revenue growth at the end September, achieving revenue of €12 billion in the first nine months of 200 compared to the same period in 2007. Louis Vuitton reported remarkable growth despite the global economic context. The Group achieved organic revenue growth of 6%, a performance that is even more…
Snow costs retailers millions
Disruption caused by the heavy snowfall could cost UK businesses about £1bn, business groups have estimated. The Federation of Small Businesses (FSB) estimated 20% of the UK’s working population, or 6.4 million people, did not make it to work. Questions have been asked about whether authorities were sufficiently prepared for the snowfall, given that it…
PFW video: Balmain s/s 2009
Christophe Decarnin’s Balmain is all bling and rock-chick fabulousness. With vintage Madonna on the soundtrack he gave the opening of Paris fashion week a shot of pure adrenalin. Click Here: South Africa Rugby Shop
December sees UK’s largest online shopping volume
IMRG, the Interactive Media in Retail Group, reported that Monday 1st December recorded the UK’s largest ever online shopping volumes, but the anticipated VAT-driven spike failed to materialize, leaving sales values and traffic volumes flat. Retail trading patterns – both online and offline – are changing considerably this year, as new, fast-paced multi-channel strategies emerge,…
Retail Trust Week
May will see the annual Retail Trust Week, a fundraising event where staff from the shopfloor to the boardroom help raise both awareness and funds for the Retail Trust. This May will see House of Fraser, BHS, Harrods, Matalan, Debenhams and a host of independents taking part in a series of events to raise money…
Shoe spectacular
Prior to fashion event ‘A La Mode Part II’ taking place on 18th September 2009, the ‘Shoe Spectacular’ party will be hosted at the Charing Cross Hotel in London on 5th June. It is promised to be the outing for your YSL or Louboutin shoes that have been stacked away in boxes on the bottom…
Vauxhall Fashion Scout moves to Covent Garden
Vauxhall Fashion Scout announced it will be relocating to Freemans’ Hall in Covent Garden this September, strategically located closed to Somerset House, the new location of London Fashion Week. Freemasons’ Hall is recognised for its grand architecture and intriguing surroundings. As a Grade II listed building built 1927-33, Freemason’s Hall boosts a stunning Art Deco…
Gap sales down 5%
Gap Inc on Thursday reported its May sales were down 5 per cent and comparable stores sales down 6 per cent. The company saw net sales of $1.03 billion for the four-week period ended May 30, 2009, which represents a 5 percent decrease compared with net sales of $1.09 billion for the four-week period ended…
Madonna returns as face of Louis Vuitton
Madonna is to return as the face of Louis Vuitton. Following the success of the spring summer campaign, where, according to Louis Vuitton’s communication director Antoine Arnault, everything worn in the ads, from the art-cum-stilettos to the leather bag, sold out within months. Marc Jacobs was so pleased with the campaign he was eager to…
Positive outlook for High Street retailers
High street sales fell for the fourth month running in the year to August, but retailers are no longer feeling pessimistic about the outlook for their business situation in the coming months, the CBI said on Thursday. The business organisation also revealed that stocks have fallen further to a level that is considered to be…