SAN JOSE, United States — EBay Inc., owner of the biggest Internet marketplace, is boosting staff in its emerging-markets group by 50 percent this year, seeking to win loyalty in burgeoning regions where online sales may top $195 billion.
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.
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.
PPR buys 51 per cent stake in Christopher Kane (Telegraph) “Following on from rumours which surfaced in November , the luxury conglomerate PPR has today confirmed that it has bought a 51 per cent stake in the business of London Fashion Week label Christopher Kane.” Net-A-Porter sees sales increase by 55 per cent (Telegraph) “Net-A-Porter, the online luxury fashion destination, experienced a 55 per cent rise in
Once unique, Lululemon faces rivals on all sides (MSN Money) “When Lululemon Athletica Inc opened its first U.S. shop in 2003, its form-fitting yoga pants, free classes and Pacific Northwest vibe were a revelation to its new American customers. They had never seen another retailer like it. But time has caught up with the Vancouver-based retailer. Lululemon, closely watched by investors because of its meteoric rise, now faces
How Zara Grew Into the World’s Largest Fashion Retailer (NY Times) “Inditex is a pioneer among ‘fast fashion’ companies, which essentially imitate the latest fashions and speed their cheaper versions into stores. Every one of Inditex’s brands — Zara, Zara Home, Bershka, Massimo Dutti, Oysho, Stradivarius, Pull & Bear and Uterqüe — follow the Zara template…” Gilt CEO Kevin Ryan Steps Down Ahead of
Ebay makes renewed foray into China (FT) “Ebay is to make a renewed push into China via a partnership with xiu.com, a local online retailer of luxury goods. The US group plans to focus on importing high-end western goods at discount prices, taking advantage of a growing desire for such items in China, but without wading into the fierce competition of the domestic market.” Cable backs plan to boost textile industry (FT)
Peter Copping: L’Homme du Temps (WSJ) “Peter Copping studied fashion at London’s Central Saint Martins College of Art and Design and the Royal College of Art before going to work for Iceberg, Sonia Rykiel and Louis Vuitton. Copping’s stint at Louis Vuitton under artistic director Marc Jacobs lasted 12 years—until, in 2009, he was appointed creative director of Nina Ricci.” EBay Follows Target, Aims for
Vogue promises to ban underage or ill models (Guardian) “The editors of the 19 editions of Vogue magazine worldwide have added their voices to efforts to tackle eating disorders and the use of underage girls in the modelling industry.” LVMH suffers partial setback in eBay court challenge (Reuters) “French luxury goods company LVMH suffered a setback in its attempts to stamp out counterfeit trading on eBay, as a
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
Gap plans store closures in US, while opening new locations in China (Washington Post) “The struggling retailer, which runs the Gap, Old Navy and Banana Republic chains, detailed plans on Thursday to close 189 locations, or 21 percent of its namesake Gap stores in the U.S., by the end of 2013. At the same time, the largest U.S. clothing chain said it plans to triple the number of Gap stores in China from about 15 by the end
Hermès sees sari as way in to India (FT) “It’s perhaps not surprising that the first offer of a sari from a western company comes from Hermès, which last year launched a bespoke Chinese brand, aimed at winning more Chinese customers while resuscitating China’s craft tradition… India’s luxury market has recently captured the attention of European and American fashion houses, as the increasingly affluent elite shrug off years of