India’s digital market is growing and more homegrown business are gearing up to exploit that growth. Styletag.com, the country’s first online curated fashion and lifestyle startup has raised US$7.5m in angel funding from real estate magnate Jitu Virwani.
Can Gap Inc get its namesake oldest child to ever match favourite sibling Old Navy’s storming performance? Will more sophisticated sister Banana Republic settle down and find her niche? And will little sis Athleta live up to her promise?
As Paris struggles to get back to normal, questions are being asked about the prospects for the city’s fashion retail trade this holiday season. While some might say there are more important things to think about, surely the most important thing is to assert the virtue of normality? Analysts are looking to see whether key…
The problem facing the watch sector came very clearly into focus yesterday. First, Fossil reported sales down 17% in the latest quarter and lowered its outlook for full-year sales as its watches business proved weak. Second, it said it was paying $260m to buy wearable tech company Misfit to boost its presence in smartwatches. And…
What’s gone wrong at Bebe? Quite a lot actually as it looks like product missteps, too many stores, markdown fever and a reorganisation process all combined in Q1 to make its results statement grim reading. The fashion retailer said Thursday that Q1 comps fell 4.1%, total sales fell 5.7% to $96.3m, the gross margin fell…
It’s a challenging time for the luxury sector as profits take a dive due to… well, you know, the usual suspects – Russia, the Middle East, China – all those places that used to be the very reason luxury did so well. So how about Burberry? Well, on Thursday the UK luxury leader said its…
News emerged today that the Yoox and Outnet buying effort will be combined. But with both selling product from previous seasons to a similar set of customers and with the Italian Yoox.com easily dwarfing smaller Outnet.com, can it continue to exist in its current form? Of course, there are differences between the two as well…
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