Clearpay is now offering UK retailers access to millions more shoppers. The Australian buy-now-pay-later financier has introduced another cross border trading option for its 6,000+ UK merchant partners.
American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
Richemont is moving its enterprise IT infrastructure to Amazon Web Services in a deal to drive more dynamic e-tail experiences, more personalisation, better supply chain management and many other benefits.
Threads giant Coats Group seems to be bouncing back from the pandemic with the company on Tuesday saying that in the three months to the end of October, its organic revenue was 6% higher than the same period in 2019.
The American fashion retailer reported a year-over-year increase of 16.7% in its third-quarter net sales on Monday and a 14.6% rise compared to the same period two years ago, as progress online offset in-store declines.
In this post-2020 phase, luxury groups will be driven to drastically alter their sourcing models and carry out a radical rationalisation of their supply chain, according to a study by Sistema Moda Italia.
The New York-based sports and footwear retailer has reported net sales of $2.19 billion for the third quarter, a result that reflected growth of 3.9% compared to $2.11 billion in the prior-year period.
D’Arpizio, an analyst and luxury specialist at Bain & Co., explains to FashionNetwork.com how new generations of consumers are changing the rules of the luxury market’s game, forcing the industry to adapt.
Shares of Farfetch Ltd plunged 22% on Friday and were set to post their biggest percentage drop in more than two years after the retailer cut a key growth forecast, blaming cooling demand for high-end fashion.