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.
According to Salefire’s TrendDesk platform, beauty orders saw the largest decrease out of all subsections, dropping by 18.8 percent. Footwear orders followed, down by 9 percent and sportswear orders fell by 8.8 percent.
With clothing stores classed as non-essential during UK lockdowns, trends reflected the expected surge in footfall within physical stores following reopening. However, volumes of e-commerce retail purchases are likely to remain steady as consumer continue to prioritise online purchases even amid the gradual relaxing of lockdown.
“A fall in online orders for fashion and footwear was expected,” said Rich Himsworth, CEO of Salesfire in a press release. “Brands which place a focus on their brick-and-mortar stores such as Primark and TK Maxx hold an edge because their experience requires an in-person visit.”
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.