Luxury department store Lane Crawford is taking a deep dive into sustainability as surveys show that consumers are increasingly judging (and patronising) retail and brand businesses based on their ethical approach.
The Netherlands’ Amsterdam Fashion Institute has appointed Dirk Reynders as its new director. Reynders will focus on growing AMFI’s profile in the fields of art, creative technology and entrepreneurship.
Tiffany & Co’s sales in the United States and Hong Kong took a hit in the latest quarter as Chinese tourists spent less than expected, sending the jewelry maker’s shares down nearly 8 percent on Wednesday.
As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
John Lewis had a much better time of the seven days to November 24 than recently with its parent company seeing sales up 4.2% to almost £380 million but the department store chain and its webstore leaping ahead by 7.7%.
Major London landlord Shaftesbury saw its portfolio value rising in the year to September as it shrugged off the wider UK retail downturn due to higher rents and its strength in areas such as Covent Garden and Carnaby.