At last, some much-needed good news for UK retailers. Footfall rose 5.4% week-on-week across all UK retail destinations in the seven days to 3 December, said Springboard. Increases were seen across all key destinations.
Amazon, M&S and Adidas have emerged strongly from the newly-launched Retail Performance Index compiled by agency VCCP. It’s based on a survey of 3,000 consumers and looks at strength in “the buying moment”.
Demna, the creative director of Balenciaga, and the house's CEO have issued a personal apology for its kids S&M ad campaign that ignited a firestorm of criticism, and dropped its court case against the production company
The luxury house has taken a majority stake in FashionArt, a manufacturer based in Veneto and specializing in high-end denim. It has been supplying big names in the sector, including Chanel, for fifteen years.
Trinova has announced that French leather goods and trunk maker Maison Goyard is relocating to 103 Mount Street, Mayfair, in London to launch its new flagship UK store. It’s currently in a smaller space on the street.
Farfetch shares are more than a quarter down from where they were this time last week. And the reason? The company held a capital markets day Thursday and the cost of its ambitious plans didn’t please its investors.