With the release of its Q3 figures, the world’s largest clothing retailer posted an 11 per cent rise in net sales to €16.4bn compared with the same period last year.
boohoo.com plc reported a strong performance since its September interim results, as it announced its acquisition of a controlling stake in PrettyLittleThing.
Boohoo, one of the UK’s largest pure-play online, own brand fashion retailers has bought a 66 per cent stake in Manchester based PrettyLittleThing.
Google is launching an interactive experience In fashion and home decoration, allowing consumers to ‘shop the look’.
Lyst, the online fashion marketplace, has partnered up with PayPal rival Klarna to streamline its mobile ecommerce payments.
Retail is changing fast, driven by channel convergence and rapidly evolving consumer behaviour. Social and mobile in particular are putting a focus on content. Not catalogue or product content, but engaging content experiences – editorial, user generated, social and so on. This is the content that digitally connected consumers seek out and share – and, as a consequence, it’s also content that can have a dramatic impact on sales and brand engagement.
STYLE.COM is become the home of Condé Nast’s new ecommerce business, according to Charles Townsend, CEO of Condé Nast, and Jonathan Newhouse, chairman and chief executive of Condé Nast International, losing its news and style content.
In a year that’s seen e-commerce upstarts like V-Files bring young designers to the forefront, and Farfetch become a rare fashion retail ‘unicorn’ after being valued at $1 billion, commentators have been waiting for a shake up amongst the industry’s biggest players. That shake-up came when Richemont SA confirmed it will merge Net-a-Porter with Italian rival Yoox SpA.
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