Britons spend about £162 a month each on impulse purchases and don’t think about the impact on their bank balance. That’s the conclusion of a new survey from the Money Advice Service (MAS) which dubbed the approach YOLO (you only live once) shopping. As many as 61% of the 2,000 people surveyed admitted spending up…
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…
The rewards of failure. Tamara Mellon, the woman who turned Jimmy Choo into a footwear phenomenon, has filed for voluntary Chapter 11 bankruptcy protection. In case you don’t know, that’s a US system that allows companies time to reorganise and hopefully get back on track without the threat of creditors moving in to close it…
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.
Now that’s something you don’t see every day. Big sports star thinks trainer prices are too expensive, launches own shoe line, sells them at $15 a pair. The BBC reported today that Basketball star Stephon Marbury is reviving his Starbury shoe line (it originally launched in 2008 but failed a year later) with shoes set…
It’s a very shallow world and it’s also one that’s celebrity-obsessed. That’s pretty obvious from the list of Instagram posts that got the most likes this year. Was it a triumph of inspirational imagery? Not exactly. The unstoppable Kendall Jenner and Taylor Swift were the influencers who rocked this most visual of social media channels.
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…
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