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
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
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.