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Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

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Cotton vs. polyester - why the recent cotton ban rumour managed to create such ripples

The article that most likely started the rumour about a potential cotton ban in Europe by 2030 was a simple one - just a few short paragraphs, focusing on cotton as an “environmental problem”, backed by dubious figures and conjuring up an alleged cotton ban riding on actual legislation (CSRD and CSDDD). Looking at the author - a fashion company...

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Poundland Struggles in Q3; Pepco Group plans revival

European discount retailer Pepco Group delivered first quarter revenue of 1.9 billion euros, with constant currency growth of 3 percent versus last year. However, LFL revenues declined 1.1 percent, with a positive performance from both Pepco and Dealz offset by continued challenges in the Poundland business. In December the company’s CEO Stephan...

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Kurt Geiger holiday trading boosted by North America

British footwear and accessories retailer Kurt Geiger has reported record trading over the festive period and “booming growth” in North America, where strong H1 figures show high double-digit US growth boosted by the opening of stores in the US and Mexico. With the help of celebrity fans, including Kylie Jenner, Olivia Rodrigo, Rihanna and Paris...

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