Business

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

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Fashion

A Chanel flap bag now costs more than 10,000 euros

Chanel’s iconic medium flap bag has had another price increase, now selling for over 10,000 euros for the first time. Chanel's CEO, Leena Nair, defended the luxury brand's pricing strategy to Bloomberg, highlighting inflation and the use of premium materials and craftsmanship. Nair asserted that Chanel's commitment to quality serves as rationale...

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Retail

10 steps to design the perfect point of sale, according to Scotta 1985

Valencia, Spain - In a world increasingly reliant on digitalisation, the question of a physical store’s current relevancy arises. Yet many brands remain steadfast in their commitment to the in-person shopping landscape, with some emphasising that physical retail brings ample benefits to brands that still invest in this sector. Co-founder of...

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Business

EU toughens safety rules on Chinese fashion retailer Shein

The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs. The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union. From the end...

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