Tiffany’s optimistic despite earnings drop
New York-based fine jeweller Tiffany & Co has reported a dip in earnings for the second quarter. Net earnings fell from $50.5 million (£26.5 million) to $41.1 million in the three months ended 31 July. Sales rose 9 percent to $574.9 million, but weaker sales in Japan had an adverse affect on earnings. During a…
Inditex opens 3,000 th store
Spanish retailer Inditex opens its 3,000 th store today. It achieves the milestone with a Zara Home format store in downtown Valencia . The group, which counts Zara, Berschka, Pull and Bear and Massimo Dutti among its stable of eight brands, has grown explosively in recent years. It has opened 1,000 stores since the launch…
Hattyandmoo.com online store launch
Online store hattyandmoo.com recently launched selling a fashionable mix of footwear, handbags and accessories from designers such as Beatrix Ong and Johnny Loves Rosie. In association with the worlds leading fashion houses and designers, hattyandmoo.com hand selected all the footwear and accessories regardless of influence from style, price, design or label. Of course, all these…
H&M Q3 profit up 13 percent
Hennes & Mauritz has posted sales for the third quarter of SEK 16.75 billion (£1.22 billion), a rise of 11 percent. Profit was up 13 percent to SEK 3.76 billion, thanks to cheaper sourcing in Asia and better-than-expected August sales. “The third quarter developed well,” H&M’s head of investor relations, Nils Vinge, said during a…
Amazon buys Shopbop
Internet retail giant Amazon announced its takeover of online fashion retailer Shopbop earlier this week. This is its first acquisition of another US online retailer since the internet boom ended. Shopbop is a highly successful retail site that offers the hottest brands in fashion. The site was launched in 2000 by chief executive Bob Lamey…
Retail Week launches 08 awards
On September 6th, Retail week launches the Retail Week Awards 08. Retailers are invited to apply online. The deadline closes on November 2nd and winners will be announced at the awards ceremony on March 13 th, 2008 at Grosvenor House, Park Lane in London. Like previous years several categories are selected, which include Retail Advertising…
NYFW: Matthew Williamson
A designer’s front row often echoes the brand’s prestige amongst the press and buying public. Seeing Hollywood’s elite at a given fashion show resonates to the mere mortals that the brand in question must be cool. It would be fair to enquire whether or not those celebrities are paid to be there or are legitimate…
Wellcreative to produce Made-By campaign
Made-By, the label for sustainably produced fashion, is keen to raise its profile with European brands, retailers and consumers so that these products become commonplace on the high street within the next few years. Following an agency selection procedure, Made-By has chosen Amsterdam-based Wellcreative to spearhead this operation. A branding and communications agency with considerable…
New Prada space at Harrods
London just saw the launch of the new Prada store for men at historic department store Harrods. The new boutique will feature Prada men’s clothing, footwear, leather goods and eyewear collections. A custom-made suit, jacket and coat service is also available in a special selection of fabrics, colours and styles. The ground floor space, designed…
Ethical award debut
This November the very first award dedicated to ethical fashion, ‘RE:Fashion’, will take place in London. Eleven awards will celebrate the social and environmental improvements in retail, manufacture and consumer engagement. Winning entries will need to prove their style credentials. The RE: Fashion judges will be looking for on trend fashion that makes a difference.…