The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MADRID, Spain — Amazon on Wednesday opened its first pop-up store in Spain in an old building in one of Madrid's prime shopping districts styled as a house with everything for sale, from clothing to electronic goods.
Similar stores will open in Italy, Germany and Britain, an Amazon spokeswoman said. The European pop-up stores illustrate how the world's largest online retailer, famous for upending retail chains' business, is increasingly turning to physical stores to attract and keep customers.
Amazon opened a new store in New York in September that allows shoppers to buy items from its website with the help of a smartphone app.
The company bought Whole Foods Market in a $13.7 billion deal last year, from which it is now delivering fresh food to shoppers' homes in the United States.
By Sonya Dowsett; editors: Paul Day and Emelia Sithole-Matarise.
The category’s biggest brands by market capitalisation report results this week, and will need to show they have a plan to fend off fast-growing competition.
By investing in an elevated product and shopping experience, Spanish retailers Inditex and Mango are seeing tremendous growth despite fierce competition from the likes of Temu and a cash-strapped consumer.
The ByteDance-owned app’s e-commerce play has been met with mixed response from users. Still, sales seem to keep ticking up.
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.