Spanish fashion giant Mango had big news Thursday announcing its move from a fast fashion business model to an even faster fashion one and an increased focus on the digital channel. The company said today that it’s going to offer new product every two weeks as part of a business transformation that it’s calling a “major…
Calvin Klein and Tommy Hilfiger failed to light a fire under owner PVH in Q3 results as the company reported profits down from nearly $226m a year ago to just shy of $222m this time. Or did they? Let’s be fair – the company made $221.9m in profits and revenue of $2.16bn (down from $2.23bn…
The rewards of success. American Eagle has turned its fortunes around and returning interim CEO Jay Schottenstein is now permanent. The intimates Aerie brand is going from strength to strength and the shares are on an upward trajectory. Holiday season sales at the youth retailer are off to a “solid start” and should rise in…
Discounts are everywhere, shoppers are spending like crazy, and all’s well with the world. Right? Wrong! Shoppers, it seems, aren’t at all happy, but they are determined to track down bargains and they’re using their smartphones to do so. New research from multichannel customer engagement specialist Eptica shows US consumers are unsatisfied with the levels…
A new day dawns, a new set of figures about Holiday shopping and another insight into just how strong m-commerce is becoming – especially for the young. This time it’s Discover’s Annual Holiday Survey. And its headline story? Well, three stories actually, but one is key: young shoppers prefer to spend via their smartphones.
The intense focus on numbers at this time of year can be rather wearing, not to say confusing. Every day it seems we hear about percentage sales that have gone up or down and billions of dollars or pounds spent in stores, online or via smartphones. However, what matters as much as the numbers themselves…
I’m a big fan of Moncler (and cold weather clothing in general). So the news that another ski-based brand, Rossignol, wants to boost its fashion credentials, is pretty exciting. The company has named ex-Balmain, Cavalli and Costume National exec Alessandro Locatelli to lead the charge into the fashion arena and will join in with Milan…
Two things became very clear from Cyber Monday. Well, a lot more became clear actually but for now I’m focusing on just two. Mobile is key, really, really key. And we shouldn’t write off tablets any time soon. First, let’s look at mobile. Walmart, the world’s biggest retailer said today: “Mobile firmly established itself as…
US Cyber Monday sales are on track to smash all records but they’re also causing headaches with websites crashing or, at best, slowing down. Adobe, which tracks 80% of transactions from the top 100 retailers in the US, said sales between midnight and 10:00 rose 14% to $490m and it expects them to reach $3bn by…
John Lewis celebrated 150 years of successful trading last year. But that was nothing compared to the celebrations today as the company revealed its biggest trading day – ever – on Black Friday. Just think about it. In the roughly 35,000 days that John Lewis has traded on this planet – last Friday saw it…
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