Miscellaneous
The latest news
Mytheresa rides growth wave in Q2, profits continue to climb
Mytheresa was yet another luxury e-tailer seeing its sales soaring during the pandemic with the newly-listed German company saying it enjoyed a sales uplift of 32.9% in its second quarter.
Luxury
Prada mutates for next winter; Moschino goes retro
Two diametrically opposed women walked the Milanese runway on Thursday. On the one hand, there was Moschino's sensuously sophisticated 1940s lady, on the other, the shifting, enshrouding silhouette proposed by Prada.
Luxury
Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone
Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
Luxury
Welcome back! Shaftesbury promises London shoppers excitement post-lockdown
Shopper can expect an “animated, interesting and welcoming” return when retail restrictions are lifted next month. That’s the upbeat promise from London retail property giant Shaftesbury Thursday.
Fashion
Happy April 12: retail reopening to see footfall leap - Springboard
Prepare for the footfall surge. With the 12 April date set for the long-awaited reopening of non-essential retail in England, UK stores can expected a 47.9% week-on-week leap in footfall, according to Springboard data.
Fashion
Consumers seek physical-digital shopping mix, embrace social commerce - report
Consumers have shifted to e-shopping in the past year, but when stores reopen, they'll be glad to get back to physical shopping. Yet digital habits are ingrained for consumers globally and social commerce is on the rise.
Fashion
John Lewis fashion buying director to quit this spring
John Lewis’s buying director of fashion is set to stand down after many years at the firm. But it seems the move isn't linked to the retailer’s general restructuring. Christine Kasoulis will leave to focus on her MBA.
Fashion
Vogue names Juan Costa Paz as global creative director
Costa Paz will oversee the creative direction for the brand in the U.S. and the U.K. and help guide Vogue’s approach to content in all formats through all of the company’s owned and operated editions worldwide.
Luxury
Moncler acquires remaining 30% of Stone Island
The Italian luxury brand famous for its iconic down jackets announced on Tuesday that it has entered into an agreement with Temasek Holdings to acquire the remaining 30% stake of Stone Island’s parent company.
Luxury
Helen Lambert talks to Godfrey Deeny on what's next in etailing and retailing
One of the great retailing experts, Helen Lambert, talks with Godfrey Deeny about what's next in e-tailing and what's up with her latest project, online wholesale platform Style Pulse, in our latest podcast.
Fashion
'Shoppertainment' is key trend for European e-commerce says new study
European consumers are embracing ‘shoppertainment’, a new study of of more than 14,000 of them shows. And live-streaming commerce is a key part of this.
Fashion
Frasers announces £100m+ lockdown-linked impairment charge
There’s speculation that there could be more store closures ahead for Frasers Group as the giant retail operation has announced a major impairment charge against its stores as a result of lockdowns.
Fashion
BRC calls for flexibility in government plan to reopen English retail by mid-April
As the UK prime minister laid out his cautious ‘one-way road to freedom’ strategy to get the English economy reopened by May, the British Retail Consortium (BRC) warned the plan could be too late for many businesses.
Fashion
Battersea Power Station makes key hires ahead of opening
Battersea Power Station, the major development that includes a new shopping centre on the edge of central London, has announced some key roles as the retail part of the site gears up for its opening.
Fashion
Facebook launches Shop tool in UK, Canada
Facebook has unveiled new shopping features in the UK and Canada with the appearance of its ‘Shop’ bookmark that gives users the ability to browse virtual storefronts.
Fashion
The RealReal posts 10% decline in revenue
The San Francisco-based consignment marketplace announced Q4 revenue of $84.6 million on Monday, representing a 10% year-over-year decrease, despite a quarterly record in new buyers.
Fashion