With Gucci Beauty transitioning to L’Oréal in 2027, interim CEO Markus Strobel laid out his strategy during an earnings call with analysts.

One of the last remaining luxury tenants at Guiyang's Lavant Center, the store will close after a four-year run.

Coach and Ralph Lauren are still growing because they understand what middle-class shoppers can afford.

Luxury fashion retailers are accelerating store closures as slowing demand, economic uncertainty, and shifting consumer spending force even the industry's biggest names to rethink their global footprints. Over the past year, several luxury companies have announced plans to shrink their retail ...

The British tycoon is rattling retailers in the U.K. and on the Continent, upping stakes in companies, trying to install his people on boards and keeping his name in the news.

The filing stated that the UK retailer controlled by billionaire Mike Ashley increased the position through the sale of put options.

The investment was made in the form of 15 million put options.

Mike Ashley has taken a major stake in Burberry as he seeks to expand his luxury retail empire.

Americas sales rose 12%, but weaker Europe and Middle East performance tempered investor confidence.

Regionally, EMEIA was the weak spot, down 3%, a result Burberry attributed to fallout from the Middle East conflict and reduced tourist spending.

Burberry’s retail revenue grew 5 percent in the first quarter, compared with minus 1 percent last year, and now the market wants to see the brand shift into high gear.

↘️ Intel (INTC), Micron Technology (MU) and Advanced Micro Devices (AMD) slipped amid concerns about the sustainability of the AI boom. Marvell Technology (MRVL) ended the trading session up 0.2%. ↘️Netflix (NFLX): Shares fell more than 7% after the streaming company reported its weakest revenue growth in years.

The British luxury brand returned to growth across every division, but Europe’s tourist slump kept investors from fully buying the comeback.

Burberry has urged Andy Burnham to scrap a “tourist tax” on luxury shopping in a move that would boost the fashion house’s manufacturing hubs in Yorkshire.

STORY: Burberry shares plunged as much as 6% in early Friday trade. As the British luxury brand said conflict in the Middle East was hurting tourist spending in Europe. That's despite strong sales in the U.S. and China in its April-June quarter. Sales in the Europe and Middle East region fell by 3% as fewer tourists visited Middle Eastern shopping hubs like Dubai. Europe also drew fewer Asian shoppers. Burberry has said the Middle East only accounts for 2% of its sales. But the knock-on impact of the conflict still drew investors' focus. Fresh strikes on U.S. military bases in the region on Friday pushed down luxury stocks across the board. Luxury giants hope the U.S. and its newly-minted millionaires from the AI boom can help revive sales growth after a two-year slump. Burberry sales in the Americas are up 12% from a year earlier during the quarter thanks to new customers. While Gen Z shoppers helped boost China sales by 9%. Burberry's shares have fallen close to a fifth this year but have outperformed most luxury peers as the brand's sales growth improves. Burberry said its tourist business in London has declined by half since 2019. The company called on incoming Prime Minister Andy Burnham to reinstate the VAT refund scheme for tourists, abolished in 2021.

Burberry Group (LON:BRBY) reported a 5% increase in comparable retail sales for its fiscal first quarter, with Chief Financial Officer Kate Ferry saying the luxury fashion company continued to make progress under its Burberry Forward strategy. Retail revenue rose 5% at reported exchange rates to GB

Burberry said it saw "outsized growth" from Gen Z customers in Greater China in the first quarter of fiscal 2026-27.

The London-listed business reported that retail revenues lifted by 5% to £455 million for the 13 weeks to June 27, compared with a year earlier

Burberry posted flat sales growth for its first quarter, but noted that it saw growth across divisions for the first time in three years.

Some 35.4% of shareholder votes were cast against the directors’ remuneration policy.