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LVMH sales feel impact from war

Sales at the world's leading luxury group, LVMH, fell six percent in the first quarter of the year as the war in the Middle East depressed business in the region. The company, best known for Louis Vuitton handbags, Dior fashion, Moet & Chandon champagne and Tiffany jewellery, registered 19.1 billion euros ($22.4 billion) in sales in January...

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Mothercare FY26 impacted by Middle East tension and end of Boots partnership

Mothercare plc has issued a pre-close trading update for the 52-week period ending March 28, 2026. The specialist global brand for parents and young children reported unaudited worldwide retail sales by franchise partners of 180 million pounds. This represents a 22 percent decline compared to the previous year, or a 19 percent decrease at...

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Will 2026 mark a return to growth for the struggling luxury market?

Paris, France - After a marked slowdown over the past two to three years, driven by price hikes, a lack of creativity and a downturn in China, the luxury sector hopes to navigate the clouds of geopolitical instability in 2026 to return to growth. Global leader LVMH will be under particular scrutiny, as the group kicks off the reporting season...

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The Children's Place experiences significant downturn in Q4 financials

US specialist retailer The Children’s Place has announced its financial results for the fourth fiscal quarter and full fiscal year ended January 31, 2026, revealing a significant downturn in performance. Net sales for the three months ended January 31, 2026, decreased by 79.30 million dollars to 329.20 million dollars, representing a 19.4...

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E-commerce revamp, denim push, global partners: The future of Dockers under Authentic

Just over a year ago, Dockers began a major ownership transition from Levi Strauss & Co. to Authentic Brands Group, ushering in a new era for the khaki-centric label. Even before the deal was finalised in March 2026, Authentic moved swiftly to deploy its signature business model, appointing distribution partners to oversee regional operations...

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John Lewis increases chairman's salary amidst workforce reduction

John Lewis has increased the salary of its chairman Jason Tarry by more than 20 percent, despite a reduction in its workforce over the past year, according to reports from Business Plus. Tarry, who joined the employee-owned group in September 2024 on a salary of 990,000 pounds, reportedly saw his base pay rise to 1.2 million pounds last April....

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QVC’s future called into question after postponing annual report

The future of QVC Group, the US’ multimedia retailer and television network for live shopping, has been called into question after the company announced that it was unable to file its annual report with the SEC. On March 31, QVC said it required additional time to compile and analyse certain documentation and finalise disclosures to include in...

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Reebok returns to hockey through partnership with Wholesale Sports

US athletic brand Reebok has announced its re-entry into the hockey equipment category via a new long-term licensing agreement with Wholesale Sports Inc. The move marks the brand's return to a segment where it previously held significant market share and represents a strategic expansion of its performance sports portfolio. The partnership will...

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Fashion for Good launches FAE project to bridge textile recycling gap

Sustainability platform Fashion for Good is launching a new project, FAE (Feedstock Activation Europe), to address the missing link in textile recycling: sorting and pre-processing infrastructure. The organisation announced the news in a press release. The initiative, supported by major players such as Adidas, Bestseller and Inditex, aims to...

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Brunello Cucinelli closes first quarter with revenues up 8 percent

Brunello Cucinelli closed the first quarter of 2026 with total revenues of 369.1 million euros (431.3 million dollars), representing an increase of +14 percent at constant exchange rates and +8.1 percent at current exchange rates. The company achieved an excellent performance in the retail channel, increasing by +20.1 percent at constant...

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Shares: Adidas recovers following positive Citigroup outlook

Adidas shares benefited from a positive outlook from Citigroup on the reporting season on Friday morning. Shares in the Herzogenaurach-based company climbed by up to 1.4 percent on the Tradegate trading platform to almost 139 euros (162.4 dollars), above their previous day's closing price on Xetra. Technical chart resistance is expected at the...

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Capri Holdings post-Versace: A year of strategic recalibration and brand stabilisation

A year on from Capri Holdings agreeing to sell Versace, the US fashion group has moved through a period of strategic upheaval, entering a new phase defined less by expansion and more by recalibration. At the core of its mission is the stabilisation of its remaining brands, Michael Kors and Jimmy Choo, where early signs of progress are emerging....