Luxury Goods
Luxury Goods explores the strategies, performance, and market trends defining the UK’s premium and high-end retail sector. This section covers brand innovation, consumer behaviour, store design, digital engagement, and sustainability within the luxury market. Retail Sector’s Luxury Goods coverage delivers insight for executives, brand managers, and suppliers seeking to understand how evolving tastes, global influences, and economic conditions shape growth and competitiveness across the luxury retail landscape.
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May- 2019 -2 May
Anya Hindmarch to return as MD of handbag firm
Anya Hindmarch has announced she is to return as managing director of the handbag company which bears her name. The company’s founder stepped down from the role eight years ago after the business was bought by new owners, Hindmarch has remained on the company’s board as creative director, where she…
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Apr- 2019 -15 April
Harvey’s scolded over delivery claims
Furniture retailer, Harvey’s has been reprimanded by the Advertising Standards Authority (ASA) over claims of “guaranteed Christmas delivery”. A complainant questioned whether the claims, which were followed by the words “selected items only” in smaller text, were “misleading” and could be substantiated. In response to the claims Harvey’s said it…
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Mar- 2019 -29 March
Fragrance Shop gets a whiff of ASA criticism
The Fragrance Shop has seen two adverts offering 60% and 15% off the RRP of certain products banned, after the Advertising Standards Agency (ASA) called them “misleading”. Two complainants told the ASA that they felt the adverts, seen in November 2018, could be misleading. The first advert featured on the…
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27 March
Majestic Wines to close all stores and rebrand as Naked
Majestic Wines has announced it is to close all 200 of its retail stores as it rebrands as Naked Wines, the online retailer it purchased for £70m from founder Rowan Gormley in 2015. The rebrand will see the company move all of its business online, while it says it will…
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18 March
Links of London on ‘verge of collapse’
British jewellery brand Links of London is on the verge of collapse, according to reports. The Times said the jeweller, which has around 350 stores, is now working with Deloitte, and has looked into a company voluntary arrangement (CVA) to cut rents and close stores, putting 500 jobs at risk.…
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15 March
Inditex to merge Zara with Zara Home
Inditex is to merge Zara and Zara Home, despite growing the Zara Home brand since 2003. Integration plans have already been implemented in some locations, including St Petersburg, London and Madrid while the brands’ websites will continue to trade separately. For the meantime Zara Home will continue to trade as…
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Feb- 2019 -14 February
Fragrance Shop to open 15 new ‘Sniffbars’
The Fragrance Shop has announced it is to open 15 new ‘Sniffbars’, which will allow customers to smell a wide variety of fragrances and speak with perfume consultants. Opening as concessions in shopping centres, the standalone outlets are aimed at creating a retail experience for customers, merging both physical and…
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12 February
Gucci helps Kering ‘outperform’ sector
Kering has continued to “significantly outperform the sector” as its Gucci brand delivered revenues of £7.27bn. The luxury goods group reported consolidated revenues of £11.9bn up 26.3% from the previous year. The company’s like-for-like sales also rose by 24.5% to £3.32 billion. Kering said its two primary brands Gucci and…
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Jan- 2019 -23 January
Hotel Chocolat posts 15% festive retail revenue rise
Hotel Chocolat has announced it has seen strong festive retail figures, amid a disappointing period for many on the high street. The luxury chocolatier said it had seen a 15% revenue rise year-on-year over the 13 weeks to 30 December. Despite Hotel Chocolat’s positive figures, British consumers cut back on…
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23 January
Burberry like-for-like sales marginally up over December
Luxury fashion house Burberry has announced a marginal like-for-like sales increase over December as it “continued to build brand heat” around its new creative direction. Burberry said that same store sales increase by 1% during the 13 weeks ending 29 December. This is despite total retail revenues having dropped by…
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