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.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
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.