Fashion
Gucci joins Alibaba's luxury e-commerce site
One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis
Growing secondhand market to currently be worth 30-40 billion US dollars
According to a report by the Boston Consulting Group and Vestiaire Collective, the global secondhand market is predicted to have a compound annual growth rate (CAGR) of 15% to 20% over the next five years
Amazon launches clothing customization service
The giant e-commerce player said it is taking clothing customization to an affordable level thanks to the launch of the service Made for You. For now, the service is only available in the United States
Farfetch sets 10-year sustainability goals
The online fashion retailer has announced a set of sustainability goals for the next ten years divided in four main areas, ranging from being climate positive to promoting conscious inclusion
Live shopping: a new business model
This format of video streaming commerce is becoming very popular, especially in China. Marketing companies want to take this digital strategy across borders, focusing on hitting the European and the US markets
Digital sales up by 27% at Macy's
The American department store chain reported digital sales growing by 27% in the third quarter. and comparable sales down by 21.0%, as a result of continued stores recovery and continued growth of digital business
Zalando: co-CEO Rubin Ritter resigns
Rubin Ritter, co-CEO of the Germany-based online fashion company since 2010, will step down next year, leaving the leadership of the company on the hands of co-CEO's Robert Gentz and David Schneider. Ritter says he aims to back his wife’s career
Sales of clothing and footwear down by almost 30% in Mexico
Data is from Servytur's Center for Economic and Trade Studies (CEECS) and highlights a massive hit of the pandemic in the clothing and footwear sales in Mexico. El Heraldo reports
Chloé appoints Gabriela Hearst Artistic Director
The Richemont-owned French luxury fashion house announced the appointment of Gabriela Hearst to the position of Artistic Director after making official the departure of Natacha Ramsay-Levi last week
Gucci, Burberry, Prada, Dior and Moncler win the Altagamma Digital Awards 2020
The fourth edition of Altagamma Digital Awards revealed the winners. The distinction is given to Personal Luxury brands that standout for their digital leadership. The 2020 edition was organised in partnership with the National Chamber of Italian Fashion
Pitti gathers its events and moves them to February
Uomo, Bimbo and Filati to take place at the same dates in Florence. The Pitti events are now on the agenda to take place between the 21st and the 23rd February 2021
Bonmarché collapses into administration
The retailer based in West Yorkshire has collapsed into administration for the second time in a year. 1 500 jobs are at risk
Arcadia Group files for bankruptcy
More than 13 000 jobs are at risk in what is so far the biggest UK collapse in the COVID-19 era. The owner of Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton appointed administrators from Deloitte on Monday
Debenhams on the verge of closing
The UK-based store chain is reportedly set to close after the latest efforts to rescue it have failed. Rough trading conditions during the pandemic were the final hit for both Debenhams and Arcadia
Arcadia declines emergency loan offer from Frasers Group
The owner of several high street retailers, Arcadia, have declined a 50 million British pounds (55.8 million euros) emergency loan offer from Mike Ashley’s Frasers Group, the retail group formally known as Sports Direct-
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