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.
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.