Eyewear company Warby Parker announced on Monday revenues for the first quarter increased by more than 10%, as the U.S. firm continues to expand its retail network, despite profits swinging back to red.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
In Q1 2022, the Italian eyewear group recorded net sales of €282.6 million, up by 8.4% at constant rates. Gross income was on the rise too, up by 23%, as were gross margin, at 55%, and adjusted EBITDA, at 11.3%.
Ahlem Manai-Platt, the French luxury eyewear designer, has announced a major collaboration with musician Beck. Distributed globally, the Ahlem brand will open its third store this year in San Francisco.
Hugo Boss is continuing to ramp up its efforts to reach younger consumers for its reborn Hugo label and at the weekend, it hosted a series of branded events in Palm Springs, along with eyewear partner Safilo.
A group of experienced and youthful French executives have launched the Fédération de la Mode Circulaire, designed to inject dynamism into the fight to stop climate change caused by the fashion and luxury industries.
The pandemic in China has had a minor impact on the luxury group’s quarterly results. The company is confident for the future in the market, where it wants to strengthen its physical and online presence.