In the earnings report, Mulberry also acknowledged a disappointing financial performance for the 52-week period ended March 30, and said that over the course of its fiscal year, “the macro-economic environment presented significant challenges for the luxury sector, with markets across the globe facing a tightening of consumer spending.”
In recent years, luxury brands and fledgling investment groups have been spearheading a quiet-but-dramatic shift towards the consolidation of suppliers in Italy, intended to drive efficiency and traceability, and to protect the know-how buried in struggling small businesses.
In a statement around the earnings report, Publicis CEO Arthur Sadoun attributed the gains to the agency network’s ability to capture “a disproportionate amount of client demand for personalization at scale.” The executive still cautioned of “an increasingly challenging macroeconomic environment” but said advertisers were expressing confidence in a call discussing the results with investors.
Oxford Street has faced some major challenges in recent years, including the closure of some of its anchor tenants — such as Topshop and Debenhams — and a proliferation of low-quality retailers (notably, several harshly lit candy and souvenir stores).
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Unwrapping This Season’s Shopper Spending Plans.” Based on a survey of 4,000 adult consumers in the U.S. and UK (equally split), conducted in partnership with Arlington Research, the report highlights some clear indicators of a robust fourth quarter for retailers.
We’re in the midst of a backwards shift, agrees Jeanie Annan-Lewin, consultant and creative director of Perfect Magazine, who recently wrote about fashion’s return to size zero in an article for Elle titled ‘My body has gone out of style’.
Brands including Diageo and Moët Hennessy shared how they've been utilizing this year's shiniest object, artificial intelligence, while Home Depot and United Airlines dove deep into how they've stood up and bolstered media networks — a space that continues to attract advertiser attention and investment.
Asos purchased Topshop in February 2021 when there was strong growth in online retail and a shift towards more casual categories, which prompted lower returns rates and a spike in profits, says Deutsche Bank’s Cochrane.
Prior to Aeffe Group, Serafini worked at Roberto Cavalli and Blumarine and was creative director of ready-to-wear at Dolce and Gabbana.
The NRF acknowledged that, especially in a year with a short season — there are just 26 days between Black Friday and Christmas Eve, Shay said — there is a push to start holiday marketing early and that some shopping has begun outside of the group’s November to December calculations.
“In an uncertain economic and geopolitical environment, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization,” the company said.
Earning rewards in the form of loyalty points, discounts, or freebies for completing tasks or challenges creates memorable experiences and higher levels of customer engagement.
When you reverse the equation and not just focus on a single number of ROI — don’t get me wrong, it’s super important — but when you change the narrative internally and talk to your leadership and walk them through this, it didn’t make sense to look at the cost of what a Halloween integration will look like because of the impact and the synergy it creates for our business.
Starting now, consumers are on the hunt for scary centerpieces to add a touch of eerie elegance, terrifying animatronics to spook trick-or-treaters, and ghoulishly frightening costumes for social gatherings.
His brand was acquired by American Eagle Outfitters in 2015 as part of its acquisition of Tailgate Clothing Company, which owned Todd Snyder New York.
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