Retail

Digital or analogue: What technologies do brick-and-mortar stores need?

Will a certain number of square feet actually generate the sales that hardened retail managers expect? Probably not. But it does not matter. After all, brick-and-mortar retail is merging with online retail and the role of stores has changed. They are no longer (only) responsible for sales, but also serve the need for convenience and destination....

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Business

UK luxury sector worth 81 billion pounds to the economy

The British luxury sector is now worth 81 billion pounds annually to the UK economy, supporting more than 450,000 jobs across various sectors, making it one of the top industry drivers of the economy, according to a new report from Walpole. The ‘Luxury in the Making’ report from the industry body that represents more than 250 British luxury...

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Fashion |In Pictures

Rakuten FWT street style defined by black ties and sporty eveningwear

Japan’s clothing style is well known for its contemporary and unconventional forms, often mixing western garments (or yōfuku) with traditional and heritage elements to create an aesthetic that is truly unique to the country. This could be seen on the streets of the rising fashion capital Tokyo, which last week was abuzz with its ongoing fashion...

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Business

Ulta Beauty posts 2.5 percent increase in Q4 comparable sales

Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent...

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