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Lululemon lowers full-year guidance after Americas slowdown

Lululemon lowers full-year guidance after Americas slowdown

British Land opposes ‘unacceptable’ TG Jones restructuring plan

British Land opposes ‘unacceptable’ TG Jones restructuring plan

UK retail footfall drops 2.6% as heatwave slows shopping recovery

UK retail footfall drops 2.6% as heatwave slows shopping recovery

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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.

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.

Michael Kors UK FY revenues fall 20% amid lower demand

Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March…

Panerai appoints new chief executive officer

Luxury watch brand Panerai has announced the appointment of Emmanuel Perrin, currently head…

Prada nears €1.5bn Versace takeover deal

Prada is reportedly edging closer to acquiring Versace for €1.5bn (£1.2bn), the FT has…

Tapestry agrees to sell Stuart Weitzman brand for $105m

Luxury retail group Tapestry has entered into a definitive agreement to sell the Stuart…

Gucci sales slump drags down Kering FY performance

Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a…

Watches of Switzerland ‘on track’ amid strong festive performance

Watches of Switzerland has announced it remains “on track” to hit its FY25…

Pandora profits up 13% as it prioritises jewellery

Pandora has seen its EBIT rise 13% to £890m in its FY24 as a result of its ‘Phoenix…

Mytheresa nominates Richemont CFO to board

Mytheresa has nominated Burkhart Grund, the chief financial officer of Richemont, as its new…

What can the luxury retail sector expect in 2025?

As we step into 2025, the luxury retail sector finds itself at a pivotal crossroads. The…

Watchfinder losses hit £12.6m in FY24

Watchfinder has reported a pre-tax loss of £12.6m during the year ended on 31 March 2024. …