Hundreds of fashion companies are looking to build their own resale channels, giving rise to a new class of B2B start-ups that aim to help them navigate the nascent industry.
Hundreds of fashion companies are looking to build their own resale channels, giving rise to a new class of B2B start-ups that aim to help them navigate the nascent industry.
WeChat’s role connecting brands with Chinese shoppers is evolving fast as it introduces features like e-commerce aggregation and integrated clienteling platforms.
WeChat’s role connecting brands with Chinese shoppers is evolving fast as it introduces features like e-commerce aggregation and integrated clienteling platforms.
The prestige hair care brand is introducing a virtual team member based on an amalgamation of its employees in a bid to double down on its tech-first positioning and give itself a face.
The prestige hair care brand is introducing a virtual team member based on an amalgamation of its employees in a bid to double down on its tech-first positioning and give itself a face.
Etsy sank 17 percent after providing a second-quarter gross merchandise sales forecast that fell short of analyst expectations, while Canada’s Shopify dropped 17 percent in New York trading after merchandise volume and revenue for the first quarter failed to meet analyst expectations.
Etsy sank 17 percent after providing a second-quarter gross merchandise sales forecast that fell short of analyst expectations, while Canada’s Shopify dropped 17 percent in New York trading after merchandise volume and revenue for the first quarter failed to meet analyst expectations.
As the industry gets ready for unprecedented pace of technological advancements, leading brands and retailers are expected to double their spending by 2030 on everything from AI to hyper-personalisation tools to traceability. BoF and McKinsey’s new special edition of The State of Fashion unpacks what lies ahead.
As the industry gets ready for unprecedented pace of technological advancements, leading brands and retailers are expected to double their spending by 2030 on everything from AI to hyper-personalisation tools to traceability. BoF and McKinsey’s new special edition of The State of Fashion unpacks what lies ahead.
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
In spite of sanctions imposed on the company by some countries where it once operated and the exit of many foreign brands from its marketplace, Q1 turnover is up 95 percent year-on-year at the Russian e-commerce giant.
In spite of sanctions imposed on the company by some countries where it once operated and the exit of many foreign brands from its marketplace, Q1 turnover is up 95 percent year-on-year at the Russian e-commerce giant.
Amazon.com Inc. projected sluggish second-quarter sales growth, as the largest online retailer struggles to build off the dramatic gains it made early in the pandemic. The shares plunged about 10 percent in extended trading.
Amazon.com Inc. projected sluggish second-quarter sales growth, as the largest online retailer struggles to build off the dramatic gains it made early in the pandemic. The shares plunged about 10 percent in extended trading.
Shares in the e-commerce company have plunged nearly 70% this year, the worst performance on Canada’s benchmark index, as a broader tech rout, investor skepticism over slowing traffic and the company’s move to build its own distribution network weighed on sentiment.
Shares in the e-commerce company have plunged nearly 70% this year, the worst performance on Canada’s benchmark index, as a broader tech rout, investor skepticism over slowing traffic and the company’s move to build its own distribution network weighed on sentiment.
For years, the German sportswear maker lacked a distinct identity. But Puma has found success in multi-brand retail and has gained a foothold in markets where Nike and Adidas aren’t dominant.
For years, the German sportswear maker lacked a distinct identity. But Puma has found success in multi-brand retail and has gained a foothold in markets where Nike and Adidas aren’t dominant.
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
Norma Kamali has lasted 55 years in fashion by strategically reviving old styles and making them relevant for new customers. The formula requires more than a flip through the archives, though.
Norma Kamali has lasted 55 years in fashion by strategically reviving old styles and making them relevant for new customers. The formula requires more than a flip through the archives, though.
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.