The Christmas season should usually be the busiest period of the year for physical retailers — especially now, after several years affected by Covid. But this year might not be the bonanza stores hope for.
A final 24 hours of contrasts in the Milan runway season, starring Italy’s single most famous designer and its most mass market brand, Benetton, with the debut of Andrea Incontri; followed by a mass march at Moncler.
Thursday, on the Milanese catwalks, the houses competed with creativity to concoct shows with great impact. For Act No. 1 it was all about theatricality, for Moschino playfulness and for Boss acrobatics.
Hollywood took over Milan Fashion Week on Saturday, with a Kardashian-led Kim X Dolce & Gabbana show; a debut at Ferragamo dedicated to silver screen glamour and some model diversity at Bottega Veneta.
Fashion loves nothing more than a debut, and in a season of five in Milan, Etro went first. Though the star appearance on Friday was by a veteran; a cyberpunk display by Donatella Versace in a major statement.
Retail sales volumes fell at a “considerable rate” in September after posting strong growth in August. What’s more the decline in sales is expected to continue next month, albeit at a slower pace, according to the CBI.
An already bruised consumer confidence took a further hit in September, tumbling to a new low.. And with the Bank of England now suggesting the UK has tipped into recession, expect further dips to come.
In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.