The latest news
London fears losing luxury shoppers to Paris and Milan
London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
UK retail pleads for new Budget measures, keeps fingers crossed
The UK’s spring Budget will be delivered by the Chancellor of the Exchequer on Wednesday and retail insiders know what they want to see from it — a relaxation of Sunday trading rules and reform of business rates.
Louis Vuitton will travel to Italy for next cruise collection show
The Parisian label will unveil its 2024 cruise collection at Isola Bella in Lake Maggiore on May 24. The event will be preceded in April by Nicolas Ghesquière’s first fall pre-collection show, to be staged in Korea.
Consumers still have appetite for luxury shopping, travel: Saks report
Consumers plan to continue spending on luxury in the next three months, according to the latest Saks Luxury Pulse survey.
News analysis: Is London retail set for a golden age?
A curious thing has been happening around London retail. Its flagship shopping areas were huge sufferers during and post-pandemic, but they're rebounding more strongly than ever as key developments boost spend.
After Mulberry collab, Miffy to open pop-up in London's Chinatown
Miffy, the rabbit storybook character turned into a globally recognised brand is to make a temporary appearance in London. The character is about to appear on London’s Shaftesbury Avenue, adjacent to Chinatown.
Big spenders drive West End recovery despite footfall lag
The West End of London is recovering fast at present, updated figures from the New West End Company (NWEC) showed on Wednesday, as high-spending tourists cancel out slower footfall.
Kith opens Miami Design District store, Kith Treats and Kith for Sadelle's restaurant
Luxury streetwear brand Kith has announced the expansion of its Miami locations with the opening of Kith’s second Miami location, Kith for Sadelle’s inaugural Miami restaurant, and a standalone Kith Treats store.
Dan Rothmann joins Etro as CEO of Global Travel Retail and Americas
Luxury Italian label Etro continues to strengthen its international executive team and has named Dan Rothmann as its CEO of Global Travel Retail, as well as its new CEO of the firm’s Americas business.
Pandemic to paradise: Chinese tourists return to Bali after three years
Donning yellow "Bali" hats featuring a surfer as the last letter, Chinese tourists walked along the Indonesian backpacker hotspot's pristine blue waters, forgetting three years of Covid-19 misery.
BFC celebrates key NewGen anniversary with "landmark" exhibition
NewGen is fast approaching 30. And to mark the talent identification scheme’s milestone, The British Fashion Council (BFC) announces ‘NewGen 30’, a year-long celebration culminating with an exhibition in London.
Mulberry waves goodbye to Bond Street store as tourist downturn bites
Luxury leather goods brand Mulberry has become the strongest advertisement yet for the damaging impact of the abolition of VAT-free shopping for tourists visiting the UK, closing its Bond Street store.
BFC reveals London Fashion Week City Wide Celebration details
Some 450 public-focused events over five days. That’s the ‘City Wide Celebration’ programme organised by The British Fashion Council (BFC) to take place across the capital during London Fashion Week, 17-21 February.
Hong Kong retail sales rise in Dec, inbound tourism brightens outlook
Hong Kong's retail sales rose in December as economic sentiment improved alongside further relaxation of social distancing measures, the government said on Friday.
Visa, Mastercard pin hopes on China reopening as travel boom fades
Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom.
Visa profit beats estimates on resilient consumer spending
Visa Inc's first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown.