Full-price sales grew by 63 percent in the fourth quarter, driven by performance in China, Korea and the United States. Image credit: Burberry
Luxury Daily’s live news for May 13:
Burberry’s comparable store sales grow 32pc in Q4 2021
British fashion label Burberry is looking to begin a new chapter of growth and acceleration after a strong fourth quarter to end fiscal year 2021.
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Prada announces new inclusion initiatives to support students of color
Italian fashion label Prada is deepening its commitment to diversity and inclusion with new 2021 initiatives.
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Lyst entering pre-IPO round of financing at $85M
Global fashion shopping platform Lyst is announcing a pre-IPO round of financing of $85 million.
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Rosewood set to open Mexico City property in 2024
Hotel group Rosewood Hotels & Resorts is expanding its offerings in Mexico.
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Alibaba records $109.5B in revenue for fiscal year 2021
Ecommerce giant Alibaba Group Holdings Ltd. recorded a 41 percent revenue increase year-over-year for fiscal year 2021.
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Consumer privacy concerns grow with social commerce popularity
While ecommerce and social shopping are accelerating, consumer confidence in the privacy and security of omnichannel payments is low, according to provider of data security and compliance solutions Semafone.
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