Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base.

​UK retailers reported just “average” sales for the time of year in May (0% from -24% in April), up from a weaker- than-normal previous month. But overall sales are expected to fall below seasonal norms again in June.

​Burberry has unveiled its latest campaign for its TB Summer Monogram collection and has enlisted supermodel Gisele Bündchen to front the imagery that “celebrates the brand’s house code of duality”.

​As the cost of living crisis deepens, Britons have a long list of items they're cutting back on and a new study shows that top of the list is clothing.

​Etro, the luxury Italian label controlled by the L Catterton fund, has named Marco De Vincenzo as its new creative director. Starting early next month, he’ll be in charge of the women's, men's and home collections.

The Swiss luxury watchmaking company, which has corners in El Corte Inglés in Spain, has set up shop at number 11 of José Ortega y Gasset street in Madrid.

The LVMH-owned brand has launched an ultra-chic pet accessories collection. Its muse is none other than Elvis, creative director Hedi Slimane’s labradoodle. 

Luxury giant Chanel on Tuesday reported 2021 revenues that surged 49.6% year-on-year to $15.6 billion. And it's  confident it will deliver another year of solid growth in 2022.

​Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.

​Delivery systems that can be trusted have always been essential for online retailers in keeping consumers happy. But research shows delivery is now one of the biggest deal-breakers.

​Part of department store Liberty London’s appeal may be its traditions and its ‘old world’ charm, but the business is continuing to embrace technology as it moves forward post-pandemic.

​BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.

​Shaftesbury, the West End property giant that's in talks about a merger with Capco, has reported what might be its last set of results before a merger is unveiled with footfall up and its portfolio value growing.

Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.

Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.

​Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.