ISTANBUL, Turkey — Turkey’s Internet economy will probably grow at 19 percent a year until 2017 as Turkish companies embrace Web-based business, according to a report sponsored by Google Inc. Turkey’s Internet economy will grow to 2.6 percent of gross domestic product, or 64.3 billion liras ($35.7 billion), by 2017 from 1.7 percent and 22 billion liras in 2011, Boston Consulting Group Inc. said in the report. In 2011, Turkish consumers spent about 8.8 billion liras on Internet access and charges, and more than 4.4 billion liras on e-commerce. “Consumption is expected to be the largest driver of growth, primarily through an increase in e-commerce following a rise in broadband and Internet user penetration,” according to the report. In a more…
SAN FRANCISCO, United States — Online scrapbook Pinterest is rolling out new tools that will show businesses the number of visitors it delivers to their websites, part of the fast-growing start-up's efforts to build a base for the introduction of money-making features.
NEW YORK, United States — Rent the Runway, a website that rents out high-end clothing and accessories to consumers for a few days at a time, has announced a new $24.4 million round of financing.
Perhaps more than any other label, Proenza Schouler have proven that it’s not only possible but powerful to cultivate an unmistakably high concept, luxury fashion brand and embrace contemporary Internet culture at the same time.
SAN FRANCISCO, United States — Luxury department store operator Neiman Marcus is shutting its eBay Inc store, a setback for the e-commerce company, which has been trying to lure large retailers to its online marketplace.
This season, the most successful fashion films broke away from the old template, embracing the unexpected plots, quirky music and bursts of humour that resonate with online audiences. Sit back, turn up your speakers and enjoy BoF’s Top 10 Fashion Films of the Season.
LONDON, United Kingdom — According to an estimate released this week by Credit Suisse, Inditex, the Spanish company that owns ‘fast fashion’ giant Zara, will achieve online sales of over 600 million euros in 2013, almost double that of 2012, the results of which will be announced next week.
NEW YORK, United States — New Balance is taking customisation much further than choosing colours or other aesthetic details: The athletic brand is introducing a track-specific running shoe that uses 3-D printing to create a plate on the sole of the shoe that is supposed to enhance performance with every step.