Harrods MD Michael Ward is upbeat on the change the next few years will bring but says it will be tough for rivals without a USP as the store spends mega-money to focus on experiences, Millennials and the global shopper.
Tiffany & Co missed analysts’ estimates with quarterly same-store sales numbers on Friday and forecast a full-year profit largely below expectations, as the upscale jeweler invests heavily to turn around its business.
UK and North America-focused jewellery giant Signet is planning to close over 200 stores as it announces a three-year Path to Brilliance 'transformation’ plan and faces an increasingly tough market for its US stores.
Luxury fashion house Chanel has revealed a new store design following the re-opening of its Amsterdam-based store. The shop is designed by Peter Marino and references the style of the Paris apartment of Coco Chanel.
Chinese investor and philanthropist Wendy Yu, on behalf of her Hong Kong-based company, Yu Holdings, has created an endowment in perpetuity for the position of the Wendy Yu Curator in Charge of The Costume Institute.
The RealReal has launched its first physical men's shop in its Soho flagship. The store will offer sneakers, streetwear and men's watches. It will be staffed by menswear experts and also offer consignment services.
French jewelry house Boucheron, which celebrates its 160th anniversary this year, has unveiled a selection of new jewelry and high-jewelry creations for its "Plume de Paon" collection, inspired by peacock feathers.