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.
NEW YORK, United States — The five-day Thanksgiving shopping period saw combined sales at 80 of the largest 100 US web retailers rise more than 23 percent over last year to $24.2 billion, according to Adobe Analytics. Not only did Cyber Monday rack up the most purchases — as in years past — but revenue of $7.9 billion made it the largest online shopping day of all time in the US, the group's data showed. Mobile transactions soared, with $2.2 billion of the day's sales originating from smartphones. "Sales coming from smartphones hit an all-time high," said John Copeland, head of Marketing and Customer Insights at Adobe. "We saw a significant spike in the Buy Online, Pick Up In-Store trend."
By Nancy Moran; editors: Anne Riley Moffat, Sophie Caronello and Lisa Wolfson
Reliable sizing, sweet-spot pricing and contemporary – but not faddish – styles are helping high street retailer stand out.
The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.
Menswear has a hot new category: signet rings, beaded bracelets and silver chains — a trend driven by shifting gender norms and the overall casualisation of fashion.
The latest funding round for the Chinese fast fashion behemoth values the company at $66 billion.