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.
SEATTLE, United States — Amazon.com Inc. lowered its free shipping threshold to $25 from $35, undercutting Wal-Mart Stores Inc. by $10 and escalating a battle between the world's e-commerce leader and the world's biggest retailer.
The new threshold shows Amazon competing for shoppers who don’t pay $99-a-year for Amazon Prime, which includes free two-day shipping on millions of items as well as access to music and video. These customers are Amazon’s most loyal shoppers.
The new pricing targets consumers who are more likely to defect to Wal-Mart since the Bentonville, Arkansas-based retail giant offered free two-day shipping on orders of at least $35 while expanding its online marketplace inventory.
Amazon’s non-Prime customers who qualify for free shipping will have to wait longer for their deliveries than Wal-Mart shoppers — five to eight business days, according to the Seattle-based company’s website.
By Spencer Soper; editors: Jillian Ward, Andrew Pollack and Molly Schuetz.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.