Day’s wrap: Tapestry, McLaren, Fortnum & Mason, tariffs and Future of Luxury eConference

August 13, 2020

A McLaren Speedtail, the automaker's fastest car. Image credit: McLaren

Luxury Daily’s live news for Aug. 13:

Tapestry Inc. joins other luxury groups with falling sales for FY 2020
U.S. fashion group Tapestry Inc. nearly achieved $5 billion in net sales for the 2020 fiscal year, even as sales were dramatically impacted in the fiscal fourth quarter due to coronavirus-related store closures.

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McLaren hits milestone sales mark in largest market
British automaker McLaren is celebrating a milestone as it delivers its 7,500th car in the United States.

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Fortnum & Mason launches food-focused podcast series
British department store Fortnum & Mason is debuting a new podcast series celebrating how food brings people together.

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British-made textiles to be hit with additional tariffs in the US
The United Kingdom Fashion & Textile Association (UKFT) is responding to the news that the United States government will continue to apply an additional 25 percent tariff to several fashion and textile product lines.

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US retail foot traffic dips again, delaying return to normal
When COVID-19 first became part of everyday conversations in the United States, it was all about lockdowns and consumers avoiding stores and restaurants. But as time goes on, foot traffic into these physical spaces is becoming more nuanced, depending on the U.S. state.

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Registration open: Future of Luxury eConference Sept. 23-24
Register now for Luxury Daily's Future of Luxury eConference Sept. 23-24 as brands and retailers face unprecedented changes in customer behavior. Check out our list of 40-plus speakers from the leading luxury brands and retailers worldwide and nearly 40 sessions in the agenda article. First 100 registrants receive Luxury Daily's Future of Luxury special report! Register now – limited seats online.

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Day’s wrap: Tapestry, McLaren, Fortnum & Mason, tariffs and Future of Luxury eConference

Happy Holidays!

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