Ecommerce beats the high street as online accounts for 57% of spending

The research, carried out by Mastercard to examine customer habits across Europe, including the UK, has found that in-store spending has now declined to 43% of all…

Luxury sector’s share prices dip sharply after prolonged rally

At approximately 2.30 p.m. CET on Tuesday May 23, the Stoxx Europe Luxury 10 index was down by 4.18%, heading towards its largest in-session drop since mid-December….

More brands dump Chinese popstar accused of sexual assault

The scandal has parallels with China’s #MeToo movement sparked by Chinese feminists in 2018, where women were empowered to voice their experiences of sexual harassment — sometimes…

Nike, ASOS, Old Navy are key picks as Gen Z embraces gender-neutral – report

But the good news is that Gen Z consumers internationally think some brands and retailers are heading in the right direction and the three they think are…

Retail footfall surges over holiday weekend, suggests pent-up demand

A footfall report from specialist tracker Springboard on Tuesday said that high streets on bank holiday Monday saw a 49% increase in footfall compared to Easter Monday….

Massive diamond mine opens in Canada’s far north

“It’s the largest diamond mine brought into production in the last 13 years and it’s the biggest outside South Africa,” De Beers chief executive Bruce Cleaver told…

Sneaker king wants to be Britain’s Arnault

Ashley, who founded British retail conglomerate Frasers Group Plc and is its biggest shareholder, has a chance to revive Matches’ fortunes, but only if luxury leaders such as…