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Analysts predicted that Marks & Spencer will reveal a further drop in general merchandise sales tomorrow when the department store releases its half-year financial results. Chief executive officer Marc Bolland launched a three-year plan back in 2010, with hopes of turning around Marks and Spencer’s declining general merchandise sales and rebuilding its image as an "international, multi-channel retailer.” However, not a single retail analyst in London is predicting a rise in Marks & Spenc
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For the cover of her new single artwork ‘Dope’, internationally acclaimed artist Lady Gaga donned a black hat from designer duo Ksenia Schnaider.
Lady Gaga, who is known for her unique and quirky fashion choices, combines the hat with an oversized boxy blazer and one boot. The fashion label Ksenia Schnaider was created two years ago by the Ukrainen designer Ksenia Marchenko and her partner Russian graphic designer Anton Schnaider, who wanted to pursue her dream of becoming a fashion designer.
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Joan Smalls and Anja Rubik for Hugo Boss Autumn/Winter 2013 | Source: Hugo Boss
Hugo Boss AG, the German luxury clothing-maker, reported earnings that missed analysts estimates as a difficult market environment in China and a weakening wholesale business offset higher retail sales.
Third-quarter earnings before interest, taxes, depreciation, amortization and one-time items rose 5 percent to 173.1 million euros ($237.3 million), Metzingen-based Hugo Boss said in a statement today. The avera
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Bosideng campaign | Source: Bosideng
Chinese globetrotters seeking some Western pizazz for their wardrobes in the chic boutiques of Place Vendome in Paris or London’s Mayfair are increasingly likely to end up pondering altogether more familiar garb.
Shanghai Woo, a homespun Chinese maker of scarves, plans outlets in Paris, London, Milan and New York over the next three years. Bosideng International Holdings Ltd., seller of 500 yuan ($82) down jackets in China, is counting on a new store in
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British high street champion Next has positively surprised the market by returning to growth after a weak start to the year. The retailer said trading had been volatile but reported total sales up 4.3 percent percent in the 13 weeks to October 26.
Next now expects pre-tax profit to come in at a bracket of 650 to 680 million pounds, this is a 9.4 percent year-on-year increase. The apparel retailer previously issued pre-tax profits guidance in the range of 635 to 675 million pounds.
The sale
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Global management company Bain & Company has stated the sale of luxury goods will increase by 6 percent this year. In a report Bain said worldwide sales of personal luxury goods would rise 6 percent at constant exchange rates in 2013, higher than the 5 percent rise seen in 2012. The growth rate would be 2 percent at current exchange rates, due to the strength of the euro against the US dollar and the Japanese yen.
The worldwide market in luxury goods is set to be worth 217 billion euros i
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Men are shopping in their droves in John Lewis. The department store group has revealed nearly half of its customers are now men as women lose their dominant shopping status as Britain’s principal shoppers. "Men now account for 44 percent of customers and we are seeing them as more assertive in their shopping habits and taking more care in their appearance and clothes than ever before,” said managing director Andy Street.
Research shows almost half of shoppers under 34 years old
Following an
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Chinese label JNBY made its Canadian runway debut at World MasterCard Fashion Week in Toronto for Spring 2014. The way cool contemporary brand is fondly described as China’s J.Crew, and proved itself to be just that with crinkly, wispy layers to spare. Less varsity sweater, more architectural inspiration, JNBY’s spring collection featured an earthy palette of muddy browns, sage green and beach-worthy whites in a multitude of layering pieces.
An array just ripe for the understated elegant type
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Paris | Source: Shutterstock
DFS Group, an operator of duty-free shops controlled by LVMH Moet Hennessy Louis Vuitton SA (MC), said it plans to open its first stores in Europe to cater to Chinese consumers who travel more frequently to the region.
The company plans to add “a few” outlets in Europe in 2016 and is looking at prime destinations for Chinese tourists, such as France, Italy and Switzerland, Chief Operating Officer Michael Schriver said. DFS, which gets more than half of its glob
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Anya Hindmarch, Asprey and Selfridges are among the fashion nominees who will compete for the ‘British Luxury Brand’ accolade at this year’s Walpole Awards for Excellence. Won last year by English heritage label Mulberry, the designer labels and luxury department store will have to take on McLaren Automotive and Rolls-Royce Motor Cars to win the prestigious award.
The awards from Walpole, the not-for-profit organisation which represents over 175 British luxury brands, honours individuals and