M-Commerce surging, Pandora’s downfall, Forever21 to China, Ungaro departure, Poshmark app

Gilt App Screen Shot | Source: Gilt Groupe

Mobile, Tablets Lead Holiday Charge (WWD)
“Holiday shopping has given new meaning to the term ‘click and order.’ In addition to a rise in the number of consumers and the average amount spent per buyer… Overall increases in online spending were fueled by other factors such as a surge in mobile and tablet commerce transactions, luxury brands that typically don’t discount, tiered sale offerings that offer deeper discounts the more you spend and an upsurge in the use of social media platforms.”

A Danish Fairy Tale Gone Awry (NY Times)
“It was a feat that made even skeptics believe in the power of a charm bracelet: a selection of 600 charms, in various combinations of gold, silver, wood and glass, cast in intricate shapes and designs, imbued with gems or semiprecious stones, transformed Pandora from a family-run jewelry shop in Copenhagen to a multibillion-dollar international brand.”

Forever 21 commits to opening three stores in China (LA Times)
“Forever 21 Inc. is opening a flagship store in Beijing, part of the company’s plan to reenter the world’s largest emerging consumer market… The expansion marks Forever 21′s second attempt to crack the China market. The company briefly operated a store in Changshu. But company officials closed it two years ago after concluding that the location was too remote and the store too small.”

Not Another One? (Vogue)
“It seems Emanuel Ungaro has lost yet another senior figure, as ceo Jeffry Aronsson – who arrived in June to attempt to ‘heal the bruises’ of the couture label – is reported to have departed. Aronsson, formerly of Donna Karan, Marc Jacobs and Oscar de la Renta.”

Poshmark Style App Turns Closets Into Marketplaces (Forbes)
“Startup Poshmark, founded by veterans of startup Kaboodle, has a new mobile app that aims to make it extremely easy for people to buy and sell clothing–all through the mobile phone… Poshmark founder and CEO Manish Chandra calls the service a mobile ‘marketplace for fashion,’ which is designed to take the friction out of selling clothing online.”