Chanel Wonderland opens at Incheon Airport
In collaboration with Chanel, Shinsegae Duty Free has announced the opening of the largest mega-beauty podium in Asia duty-free. Chanel Wonderland, as the stand has been named, made its debut at Incheon International Airport’s Terminal 2.
Balenciaga takes music into fashion – literally – with NFC chip
Balenciaga is extending its Balenciaga Music project from playlists to its fashion collections with some clever garment tech that allows an exclusive track to be played via a NFC chip embedded into limited edition T-shirts and hoodies.
Louis Vuitton teams up with Cheng family to stage brand’s first fashion show in Hong Kong
Louis Vuitton has partnered with the well-known Cheng family to make its catwalk debut in Hong Kong. The LVMH-owned luxury brand will debut Pharrell Williams’ pre-fall men’s collection in its first fashion show in Hong Kong.
Mikimoto signs fragrance license agreement with Lalique Group
Japanese jewelry brand Mikimoto has signed a fragrance license agreement with Lalique Group covering a collection of perfumes and crystal editions, stretching through 2035.
Dior cuts the ribbon on Saks Fifth Avenue takeover
Saks and Dior have cut the ribbon on their collaborative holiday campaign with the launch of an exclusive World of Dior digital pop-up on Saks.com and the unveiling of the department store’s New York flagship’s 10-storey-high light show.
Spanish Amazon workers encouraged to strike on cyber Monday
Spain’s CCOO union, which represents warehouse and delivery workers, is calling on Amazon staff to stage a one-hour protest per shift on November 27, 2023 – otherwise known as cyber Monday.
Saks owner cashes in real estate to shore up retail arm
Rumors have been swirling around the financial stability of department store chain Saks with several beauty brands said to have placed the US retailer on credit hold. However, owner HBC has announced that it will pump US$340 million in cash into its retail operations thanks to the sale of assets from its US$7 billion real estate portfolio.
Sephora holds SEPHORiA event in China
Sephora held the first international edition of its SEPHORiA event in China. The LVMH-owned retailer said that the event was also the first certified carbon-neutral event for its Chinese arm.
Kohl’s Q3: Net sales down 5.2 percent but gross margin on the up
Kohl’s has reported its results for the third quarter of fiscal 2023. The US department store chain reported net sales of US$3.8 billion, down 5.2 percent from the year-ago quarter, but gross margin grew 158 basis points to 38.9 percent.
Nordstrom Q3 2023: net sales dive 9.4 percent but profit rising
Nordstrom has reported its results for the third quarter of fiscal 2023. Total company net sales fell 6.8 percent while the eponymous US department store saw net sales decrease 9.4 percent and gross merchandise value fell 9.8 percent compared to the prior year quarter.
LATEST NEWS