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.
The Amazon-owned footwear wholesale site debuted a landing page for women’s workwear label M.M.LaFleur as part of a push to offer more direct-to-consumer labels and apparel on its site during a challenging time for footwear sales. Research firm NPD Group reported fashion footwear sales declined by 25 percent in the first quarter of last year and was among the hardest hit categories of the pandemic.
The tie-up also saw Zappos donate $25,000 to women’s job training charity Dress for Success, according to Glossy.
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.