Burberry is taking drastic action in response to the ongoing slowdown in luxury spending, ousting its chief executive officer Jonathan Akeroyd, replacing him with U.S. retail veteran Josh Schulman, and warning of an operating loss in the first half. In a first quarter trading update on Monday, four days earlier than scheduled, Burberry reported a 22 percent decline in retail revenue to 458 million pounds. Sales were down 20 percent at constant exchange rates.
About us
The first in fashion. For more than 100 years, WWD has been the media of record -- and the industry voice of authority -- for senior executives in the global women's and men's fashion, retail and beauty communities and the consumer media that cover the market. Follow WWD for the latest in fashion, beauty and retail news. Subscribe today at wwd.com/subscription.
- Website
-
http://www.wwd.com
External link for WWD
- Industry
- Book and Periodical Publishing
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 1910
Locations
-
Primary
475 5th Avenue
New York, NY 10017, US
Employees at WWD
Updates
-
Elis Kiss, who has been the publication’s fashion features director since March 2019, takes on the lead position.
Vogue Greece Names New Editor in Chief
https://wwd.com
-
LVMH helped the Olympic torch wind its way through Paris on Sunday and Monday, when it stopped at many of the French capital’s famous landmarks, as well as key sites owned by the luxury group. LVMH is a premium partner of the Olympic Games, slated to run July 26 to Aug. 11, and the Paralympic Games, from Aug. 28 to Sept. 8. LVMH’s beauty retailer SEPHORA is also a partner of the Olympic Torch relay, which debuted in the southern French city of Marseille on May 8, and offered activations for the public on the relay route, as well as at group locations along the itinerary and at stops. On Sunday at 12:55 p.m. CET, Thierry Henry, among soccer’s greats and the manager of France’s Olympic soccer team, became the first bearer of the Olympic torch in Paris. He took it out of a specially crafted Louis Vuitton trunk, which stood on the Avenue des Champs-Élysées and was opened by two of the house’s artisans. The first torch kiss in the city, minutes later, marked the end of Henry’s run. Read more here: https://lnkd.in/eJ438BgC
-
-
From London to Chichester, the country was painted red for England’s soccer match against Spain at the 2024 UEFA European Football Championship (which it ultimately lost). However, at the 2024 Festival of Speed in the countryside, the red was for Cartier's annual Style et Luxe competition, a signature shade for the Richemont-owned brand. See more from the event here: https://lnkd.in/eEnVJt3V
-
-
Kering has promoted Ewa M. Abrams to president of its Americas division, effective Aug. 1. Abrams, general counsel of Kering Americas since 2018, succeeds Laurent Claquin following his recent appointment as group chief brand officer. Learn more: https://lnkd.in/eFZ6C7CP
Kering Promotes Ewa Abrams to President of Americas Division
https://wwd.com
-
Gucci on Monday will unveil its 2023 Gucci Equilibrium Impact Report, outlining the progress made over the last year to advance its sustainability ambitions. The report “reaffirms our house’s commitment to social and environmental sustainability, which aligns with our dedication to be responsible and accountable in all our actions,” Jean-François Palus, Gucci’s president and chief executive officer, told WWD. “Guided by these principles and a respect for people and our planet, in 2023 we continued to advance on the path we embarked upon years ago, introducing new initiatives and achieving key targets that underscore our commitment to transformative change, while simultaneously generating lasting value for communities and nature.” Learn more here: https://lnkd.in/eCGtARUf
Gucci Maps Out Sustainability Progress
https://wwd.com
-
It’s Prime time — and Amazon's making the most of it. But where shoppers and competitors might see the Prime Day event on Tuesday and Wednesday as another mammoth sale in the dog days of summer, Amazon is working on something more. And, as usual, the difference between how retailers throw a sale and how Amazon hits the promotional button illustrates the continuing divide between the web giant and almost everyone else. Learn more here: https://lnkd.in/eaF4khJb
What Amazon’s Prime Day Is Really About
https://wwd.com
-
The Grammy Award-winning singer is set to perform on Sept. 1 at the annual fundraiser during the 81st Venice International Film Festival.
EXCLUSIVE: Kelly Rowland to Perform at 2024 Venice amfAR Gala
https://wwd.com
-
It may be sweltering across the U.S. and elsewhere, but a new report from Bazaarvoice, the user-generated content solutions provider, revealed that holiday shopping is starting earlier than ever.
Holiday Shopping Heats Up Early, According to Bazaarvoice Report
https://wwd.com
-
WWD reposted this
When Lewis Hamilton steps out on a Formula 1 racetrack, officials at fashion and luxury brands rub their hands. The British driver has carved out a reputation as the most stylish racer in Formula 1 and even has his own clothing line. Now Hamilton is making the leap into the luxury big leagues by joining the ranks of brand ambassadors at Christian Dior Couture, in addition to guest designing a new lifestyle capsule collection for the house. In an exclusive interview with WWD, Hamilton talks about his new fashion venture, his move to Ferrari and producing the film “F1” starring Brad Pitt. #fashion #luxury #sports #collaboration #formulaone #formula1 #motorsports #brand #branding #entertainment #film
EXCLUSIVE: Dior Names Lewis Hamilton Brand Ambassador and Guest Designer of a New Lifestyle Collection
https://wwd.com