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.
Research by American Express and YouGov found that 20 percent of British consumers found the pandemic made them “more open” to new forms of online payments. Trust in well-known brands providing the service and security were key elements driving consumer confidence.
The shift to e-commerce has upped adoption of new payment methods by driving retail sales over the last year. Buy now, pay later schemes have seen a boost during the pandemic as plans encourage customers to spend more despite economic circumstances.
The surge in online transactions has highlighted increased expectations from consumers with security being a key consideration. The findings show that 63 percent say they would consider new methods if it ensured a more secure payment process.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.