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.
Amazon will open two new logistics centres in Italy this year, investing over 230 million euros ($278 million), the world’s largest online retailer said on Monday.
With the two new hubs- a distribution centre in the north-western city of Novara and a fulfilment centre close to the city of Modena - Amazon will create 1,100 new jobs in the coming three years.
“Amazon continues to expand its logistics network in order to satisfy the growing demand of clients, widen product selections and support those small and medium enterprises that have decided to sell their products using Amazon logistics,” the group said in a statement.
Amazon has already invested 5.8 billion euros in Italy, since first starting operations 10 years ago. It employs 8,500 people in the country.
By Elvira Pollina and Giulia Segreti; editor: Mark Potter.
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.