Swiss watchmaker Swatch Group will no longer make watches and jewellery under the Calvin Klein brand, reducing its exposure to a price segment that is under pressure from smartwatches and other fashion watches.
With UK inflation at around 2%, a study predicting just a 0.8% increase in Christmas spend this year is bad news for stores. And it could be worse under a no-deal Brexit as the prediction would be scaled back to 0.2%.
Gamification is a word we hear more and more often in retail today and Burberry has unveiled its first online game as yet another way of reaching the young consumers that are increasingly important to the brand.
The Canadian owner of Saks Fifth Avenue announced on Monday that, following an extensive review progress, it has entered into a definitive agreement with a group of shareholders to take the company private.
As global chief marketing officer, Tommy Hilfiger said Scheiner will help evolve its marketing strategies, particularly across digital and experiential platforms, to reach and engage a new generation of consumers.
Burberry has opened its new flagship store in GUM in Moscow with the new boutique being in a prime position overlooking Red Square and being described by it as “the latest expression of the Burberry in-store experience”.