Drapers Burberry profits plummet British luxury brand Burberry's profits fell by a third in the year ended 30 March 2024 amid a slowing demand for luxury purchases among consumers.The post Burberry profits plummet appeared first on Drapers.

Drapers Why outlets are in – designer discount centres outperform the high street While high streets and shopping centres struggle to tempt back financially squeezed UK shoppers, outlet stores are reporting record performances. Why are they winning?The post Why outlets are in – designer discount centres outperform the high street appeared first...

Drapers Zalando shakes up board German online retailer Zalando announced its co-founder David Schneider will step down as co-CEO to focus on new strategic partnerships.The post Zalando shakes up board appeared first on Drapers.

Drapers What luxury fashion can learn from Hermès’ Birkin lawsuit Claims of anti-competitive behaviour against Hermès have arisen in the US after consumers argued they were forced to buy extra items from the French luxury label in order to get their hands on an iconic Birkin handbag. Martin Noble, an IP partner at law firm…The post What luxury...

Drapers In pictures: Finisterre unveils new Covent Garden flagship Cornish surf brand Finisterre has relocated and upsized its store in London's Covent Garden, which marks the largest of its 11 UK stores.The post In pictures: Finisterre unveils new Covent Garden flagship appeared first on Drapers.

Drapers Police ‘not interested’ in tackling shoplifting, says M&S chair M&S chairman Archie Norman said retailers should accept that "police aren’t interested" in dealing with shoplifting as the number of incidents hit a record high in 2023.The post Police ‘not interested’ in tackling shoplifting, says M&S chair appeared first on Drapers.