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Pinterest sees stronger margins as ad rebound boosts quarterly results
Image-sharing platform Pinterest beat Wall Street targets for second-quarter results on 1 August and forecast higher margins for the year, supported by an advertising market recovery and cost-cutting measures.
Fashion
Meta to seek user consent for targeted ads in the EU
Meta intends to ask users in the EU for their consent before allowing businesses to target advertising based on what they view on its services such as Facebook and Instagram, the social media giant said on 1 August.
Fashion
Tourist tax; Frasers buys more Boohoo; John Lewis adds key exec; Superdry new COO
The tourist tax is costing the UK billions in lost GDP; Frasers Group now owns 7.8% of Boohoo Group; John Lewis has made a “key appointment” to lead its new customer planning team; and Superdry has a new COO.
Fashion
Harvey Nichols losses narrow as sales bounce back
Harvey Nichols has published its results for the year to April 2022 with the company remaining loss-making, but its overall performance clearly improving.
Luxury
Westfield owner says tenant sales still rising in H1
French shopping malls giant Unibail-Rodamco-Westfield said on Thursday that adjusted recurring earnings per share rose 6.6% in H1 as it reported progress for the period, despite a US slowdown in fashion and luxury.
Fashion
Frasers Group profits leap, hails elevation strategy and brand relationships
Fresh from a report this week saying it will become Britain's biggest fashion retailer by 2026, Frasers group released its annual results on Thursday and showed just why it’s expected to rise to the top of the pile.
Fashion
Shopify adds suite of AI enhancements
Shopify has unveiled a series of enhancements — more than 100 of them — as part of its Summer 2023 Edition, the twice-annual showcase of its latest products and innovations. And AI is a big part of the upgrade.
Fashion
Frasers Group to be top UK fashion retailer within a few years - report
The last few turbulent years have seen major changes in the fashion retail landscape. But more change is to come and this could shake up the top of the sector, a forecast ranking of the UK’s leading names claims.
Fashion
Harvey Nichols boss says France wins in race for global shoppers, also lures shoppers from UK
Harvey Nichols' CEO is the latest exec to weigh in on the VAT-free shopping debate in the UK. She has highlighted how France has deftly attracted international shoppers and is attracting British shoppers too.
Fashion
Givenchy celebrates opening of first Los Angeles store with two Hollywood parties
The French house celebrated the opening of its first store on Rodeo Drive at the Goldwyn House in Hollywood, the Future Perfect's Los Angeles-based design gallery.
Luxury
Balenciaga installs haute couture, design studio at new Parisian headquarters on avenue George V
The label is returning to Cristóbal Balenciaga’s historic avenue George V headquarters in Paris, the new home of its studio and ateliers for couture and ready-to-wear, where it shot a new campaign with Isabelle Huppert.
Luxury
Lanvin's newly reopened Madison Avenue boutique reveals a new brand direction
The French luxury house unveiled the brand's Art Deco-inspired store design.
Luxury
Grace Wales Bonner to curate an exhibition at MoMa
The Museum of Modern Art has announced a new exhibition curated by Wales Bonner, the London-based designer of her eponymous fashion label, as part of the 16th installment of MoMA’s celebrated Artist’s Choice series.
Lifestyle
Harrods reveals first ever private members’ club in Shanghai
In what it says is a global first, luxury British department store retailer Harrods has announced the launch of its very first private members’ club. The new club in Shanghai will open at the end of the year.
Luxury
Richemont strong in Q1, fashion labels are buoyant, China outperforms but Americas weakens
The first quarter was a generally strong one for luxury giant Richemont with the company saying Monday it saw sales jumping 14% in total to €5.322 billion, or rising 19% on a currency-neutral basis.
Fashion
UK's Amazon Prime Day sales up just 1.3% despite inflation, BNPL surges
We’ve already heard about how well Amazon Prime Day went in the US. As for the UK, sales rose to a record level with shoppers spending £581 million on the first day of the shopping fest, Adobe Analytics has said.
Fashion