At Kering’s Imagination Lab in Paris, Grégory Boutté, the luxury group's chief client & digital officer, spoke to the press about cryptocurrencies, AI, test-and-learn and his vision for the metaverse and Web3.
UK consumer confidence fell to a record low in June as shoppers grappled with a stark new economic reality, figures from Gfk’s long-running series of reports show. Its confidence Index dipped one point to -41.
German online fashion e-tailer Zalando has been forced to revise its guidance for the year. It cited a further deterioration in macroeconomic conditions as the EU consumer confidence index fell further in June.
Luxury watches and jewellery retailer Watches of Switzerland Group has begun its European rollout with the opening of a Breitling store in Stockholm. It’s a milestone that marks the next stage of its expansion plan.
Luxury outerwear brand Barbour has linked up with the National Trust to work on “the clean-up and restoration work at Wallington, Cragside and Hadrian’s Wall in the North East of England, following Storm Arwen.
The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
London-based Threadology has secured a seven-figure loan from HSBC UK, as the formalwear supplier and retailer scales up operations as demand grows with weddings and formal events returning after restrictions ended.
With experiences becoming ever more important in post-pandemic retail, this move must be music to the ears of one major mall. Ministry of Sound is to take over the former House of Fraser store at Westfield London.