Tiffany & Co’s first-quarter earnings handily beat analysts’ estimates on Wednesday, boosted by stronger sales of its high-end jewelry, leading the company to raise its annual sales and profit forecasts.
UK designer resale website BuyMyWardrobe has merged with HEWI London (Hardly Ever Worn It) as resale grows but competition gets tougher. It also comes as resale sites expand faster than the overall retail sector.
The Council of Fashion Designers of America will honor Ralph Lauren at this year's CFDA Fashion Awards, held June 4 in Brooklyn. Announcements are coming thick and fast with the CFDA Awards now just days away.
Fruit of the Loom is moving its HQ ops out of the UK with 70 jobs to be lost as a result. The US-based company is relocating manufacturing to mainland Europe and to North Africa as it optimises its supply chain.
Tax-free shopping facilitator Global Blue has named Derrick Hardman as the new MD of its UK and Ireland unit as the firm prepares to open London’s first VIP lounge designed specially for the most valued customers.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.