The British economy could be in line for a “painful inflation spiral”, the Bank of England’s chief economist Huw Pill has warned. He points to a shortage of workers and businesses’ willingness to pass on higher costs.
Nike beat estimates for quarterly revenue on Monday, as strong demand for its athletic apparel and sneakers in Europe helped the company counter lower sales in China following pandemic-related lockdowns in the country.
Beauty specialist Warpaint London's update on Monday and said “the group has experienced strong trading in 2022 to date with the brands' proposition resonating with customers, both in the UK and internationally”.
It looks like Cath Kidston could be up for sale just two years after the company's pandemic-linked collapse saw it retreating from much of its physical retail chain and cutting close to a thousand jobs.
At Kering’s Imagination Lab in Paris, Grégory Boutté, the luxury group's chief client & digital officer, spoke to the press about cryptocurrencies, AI, test-and-learn and his vision for the metaverse and Web3.
After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
German online fashion e-tailer Zalando has been forced to revise its guidance for the year. It cited a further deterioration in macroeconomic conditions as the EU consumer confidence index fell further in June.
The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
London-based Threadology has secured a seven-figure loan from HSBC UK, as the formalwear supplier and retailer scales up operations as demand grows with weddings and formal events returning after restrictions ended.
Birks Group announced on Thursday revenues for the fiscal 2022 year surged by more than 25%, on the back of a hefty increase in comparable store sales, with revenues for the year outperforming pre-pandemic levels.
Easy payments financier Klarna has launched a loyalty card feature on its app. It will allow users to store and access their physical loyalty cards as a digital version “removing the need to carry plastic equivalents".