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.
All in Motion, which launched right before the start of the global pandemic, scaled up dramatically over the past 12 months as consumers traded in their work trousers and 100-percent cotton denim for sweatpants and yoga leggings, according to the discount retailer. In recent years, Target has doubled down on its cheap-chic brand positioning, developing in-house brands that distinguish it from competitors including Amazon and Walmart, which tend to lead with convenience and price before style.
Like many other retailers, Target’s online revenue increased dramatically in 2020, with third-quarter digital comparable sales up 155 percent from a year earlier.
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.