M&S may have seen a lot of change over the past 20 years but it hasn’t really got to grips with the changes that have happened in the retail sector and that’s what’s causing its current woes, says its new chairman.
Supermarket results aren’t always exciting for anyone interested in fashion but with the Sainsbury’s Tu range grabbing market share and launching new range extensions, this is one supermarket that can’t be ignored.
Shiseido Americas Corporation announced it has acquired Giaran, Inc., a data company known for its artificial intelligence platforms. Shiseido Americas will use the technology to personalize its consumer experience.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
Luxury handbag maker Hermes said sales growth had accelerated in the third quarter, as demand for its perfume and scarf lines proved particularly strong and its performance in Europe and the Americas improved.
The world’s biggest eyeglass frame maker Luxottica is planning to merge with the largest lens maker Essilor in a tie-up U.S. antitrust experts fear will be bad news for consumers, but could still be approved.
M&S will focus more on digital sales, speed up store closures and invest in key clothing areas that are its strongest categories it said as it reported a mixed bag of results but hailed the progress it was making.
Following a stellar second-quarter performance, Michael Kors' CFO outlined this week its strategy for the firm's holiday quarter, including less promotional days and a Google campaign to market its Access smartwatch.