Luxury Goods
The latest news, updates and analysis on the luxury goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Nov- 2023 -16 November
Burberry issues profit warning as luxury sales slow
Burberry has revealed its annual adjusted operating profits would be towards the lower end of its current consensus range of…
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13 November
Majestic Wine plans 50 new store openings
Majestic Wine is planning to expand its high street presence with the opening of 50 more stores over the next…
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2 November
Zalando EBIT up 72% despite falling Q3 revenues
Zalando has reported that its EBIT increased 72% to €23.2m (£20.2m) during Q3, despite revenues and gross merchandise volumes falling…
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Oct- 2023 -26 October
Kering Q3 revenues fall 13% amid cooling luxury demand
Kering Group, the owner of luxury brands Gucci, Yves Saint Laurent and Bottega Veneta, revealed that group revenues were down…
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26 October
Majestic Wine furthers expansion with two new openings
Majestic Wine has furthered its expansion plans after opening two new stores in the same week for the first time…
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6 October
Pandora raises revenue guidance amid strong store sales
Pandora has upped its revenue guidance for the year to between DKK 34-36bn (£4.2-4.5bn) after seeing a spike in store…
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Sep- 2023 -28 September
Paul and Shark flagship among Regent Street openings
The Crown Estate has leased its 2,500 sq ft retail space at 233 Regent Street to Paul and Shark. This…
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15 September
Johnstons of Elgin profits fall 15% in FY22
Scottish luxury cashmere retailer, Johnstons of Elgin, has revealed that its profit before tax dropped by 15.3% to £3.3m in…
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Aug- 2023 -18 August
Tapestry sales falter amid waning demand in North America
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from…
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16 August
Axing tourist tax would ease high street woes, says Pandora boss
Pandora UK&I general manager Rasmus Brix has said that in light of the cost-of-living crisis and ongoing train strikes, eliminating…
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