Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
LONDON, United Kingdom — Asos Plc lowered its profitability forecast for the full year as the U.K.’s largest online-only fashion retailer reported slowing sales growth, with revenue abroad held back by a rising pound.
In a landscape where many online stores offer the same product at the same price, quality service is the key differentiator for fashion e-tailers, argues Jordy Leiser.
BERLIN, Germany — Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain's biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets. It is one of several retailers that are using expertise developed in the UK's fast-growing e-commerce market to expand overseas.
LONDON, United Kingdom — Asos Plc reported first-half profit that fell less than analysts expected as the U.K.’s largest online-only fashion retailer invested in logistics and technology as it seeks to expand its revenue.
LONDON, United Kingdom — Asos Plc, the U.K.’s largest online-only fashion retailer, said second-quarter sales growth slowed on adverse currency movements by the Australian dollar and Russian ruble.
LONDON, United Kingdom — Asos Plc, the U.K.’s largest Internet-only clothing retailer, reported slowing sales growth as the weakness of the Australian dollar stunted gains in one of the company’s main international markets.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
NEW YORK, United States — When it comes to women's clothing sizes, there's some funny math going on. The average American woman is about 25 pounds heavier than she was in 1960. Yet women's plus-size clothing, generally defined as size 14 and up, still makes up only about 9 percent of the $190 billion spent annually on clothes.
BERLIN, Germany — Online retailers are trying to cajole consumers into revealing their vital statistics with new sizing technology tailored to turn back a tide of returned garments that is hurting profits.
LONDON, United Kingdom — Asos Plc, the U.K.’s largest online-only fashion retailer, will report forecast-beating full- year earnings as a surging customer base boosts sales growth.
Plagued by a chorus of naysayers, the proposed Hackey Fashion Hub in East London holds real positive potential, argues Rebecca May Johnson.