In response to market pressures, Start Today, which operates Japan’s largest fashion e-commerce portal, Zozotown, is set to launch a major ‘mobile first’ social commerce app, called Wear. JapanConsuming reports.
SAN FRANCISCO, United States — Google Inc began testing a same-day delivery service with retailers in recent weeks, the latest move into Amazon.com Inc's e-commerce turf by the world's largest Internet search company. Google Shopping Express helps local retail stores sell products online and have the items delivered to shoppers the same day, according to a person familiar with the test.
NEW YORK, United States -- Same-day delivery, one of the hottest e-commerce trends, is too expensive for most U.S. consumers, raising the risk that this turns into another online shopping fad that goes cold, according to a survey released on Tuesday.
What Next For Balenciaga? (Vogue UK) “CEO Isabelle Guichot has confirmed that she has ‘a shortlist’ of potential candidates to succeed creative director Nicolas Ghesquière, following yesterday’s confirmation that he would be parting ways with the brand. The designer has acted at the helm of Balenciaga for 15 years.” Ralph Lauren kicks its ‘preppy look’ Rugby label into touch (Independent)
Fashion tests Amazon mantra of low prices (FT) “Amazon’s well-drilled executives can usually be relied on to repeat the company’s mantra of eliminating costs and waste to offer consumers lower prices. Cathy Beaudoin gets to be different… So instead, in a striking departure from Amazon’s usual talking points, she says: ‘Price is not really a differentiation for us … We maintain the pricing integrity that our
Two Financiers Take Control of Barneys, Ending Its Debt Struggles (NY Times) “Barneys New York, one of New York’s bastions of high fashion, ended years of struggles with its hefty debt load by selling itself to the financiers Richard C. Perry and Ronald W. Burkle.” Global luxury goods sector continues to grow (Business Week) “Monitor Altagamma said Monday that luxury spending in China is expected to grow by 18
Yesterday, BoF was first to bring you the news of the recent $18 million investment in Farfetch.com. Today, we continue a week focused on e-commerce by examining the historical challenges faced by online retailers and how recent innovations and infrastructural advances have fundamentally improved the economics of e-commerce, setting the stage for a renaissance in online retail. SAN FRANCISCO, United States — Following the burst of
The House That Calvin Klein Built (WWD) “Omnipresent as Calvin Klein is throughout the world, the man behind the brand has a reputation for being anything but that… Yet during a rare public tête-à-tête with Fern Mallis Monday night, the designer opened up… No subject seemed to be too personal for the 68-year-old Klein, who appeared relaxed and affable throughout the interview — his first at 92Y in 12 years.”
Highest Quality, Lowest Prices in Hong Kong (Bloomberg) “Hong Kong retail sales, boosted by mainland Chinese tourists, surged 26 percent to HK$264 billion ($34 billion) in the eight months through August… Zhang Zuoru said it was worth waiting in line in the Tsim Sha Tsui tourist district of the former British colony. She bought a bag in the Chanel store on Canton Road for 33,000 yuan ($5,190), at least 20 percent less
H&M flags discounts, Q2 profit in line, shares dip (Reuters) “Swedish fashion giant Hennes & Mauritz said a two-month sales dip brought on by cold weather could force it to make deeper discounts for the next three months as it met forcasts for second-quarter profit.” Why Amazon Needs to Stay Out of Fashion Retail (BNET) “Do we really need another place to buy clothes online? Amazon is apparently so
Cortazar Leaves Ungaro (Vogue.com) “Following a lengthy period of less than emphatic denials and weak shows of unity between Ungaro and the label’s ceo, Mounir Moufarrige, the decision has been taken to dissolve the relationship, WWD reports. It is expected to be formerly announced later today that the separation is by mutual agreement.” Amazon to buy Zappos (Drapers) “Amazon is set to buy US footwear
Bank Sees Japan Retailers In ‘Unprecedented’ Downturn (WWD) Deutsche Bank forecasts that three departments stores including Isetan and Takashimaya Japan “are heading into a prolonged and unprecedented sales downturn.” Badgley Mischka to Lower Prices (WSJ) With consumer confidence low, Badgley Mischka responds by lowering its prices. The Latest in Retail Technology (WSJ) New technologies such as scent