DTC & E-Commerce – Page 13
-
ArticleMicam launches an all-year round “augmented” digital fair
Micam has joined forces with the Los Angeles-based wholesale e-commerce platform NuOrder to launch Micam Milano Digital Show, which it describes as an “augmented trade fair” to be held all-year round. In May, Micam had announced that it was negotiating a commercial agreement with a leading player in digital services ...
-
ArticleShoe Carnival’s online sales soar
After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update. For this second fiscal quarter, which began on May 6, so far comparable store sales have surged by 28.1 percent from the same period last year, ...
-
Article
Rinascente launches its online store
Italian upmarket retailer Rinascente, one of the major department store chains in the country, made its e-commerce debut with a dedicated website. The online store features 15,000 products from 650 brands in all product categories, spanning fashion, accessories (including Italian and international footwear and eyewear brands), beauty, food and design. ...
-
ArticleZara’s parent wants 25% of sales online within 2 years
Inditex, the Spanish group that owns the brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, wants online sales to represent over 25 percent of the total by 2022, compared with 14 percent in 2019, and to restructure its store network, that will be further ...
-
ArticleCaleres to accelerate store closures as e-commerce surges
The Covid-19 pandemic has led to a dramatic surge in the importance of e-commerce in Caleres’ sales, representing about a third of the company’s revenues in its fiscal first quarter, and prompting it to accelerate the closure of some 160 stores by the end of 2021.
-
ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.
-
Article
Jimmy Choo returns to last’s year sales levels in China
Jimmy Choo has returned to last year’s sales levels in Mainland China over the past two months, as volumes gradually built up since the end of the coronavirus-related lockdown in the country. Capri Holdings, which owns the shoe maker along with the Versace and Michael brands, pointed out that Versace ...
-
Article
Nordstrom permanently closes 16 stores, plus its 3 Jeffrey locations
Nordstrom has decided to permanently close 16 of its full-line stores, lowering the tally to 100 in the U.S., Canada and Puerto Rico, and its three Jeffrey stores as it restructures to respond to the impact of the Covid-19 pandemic. The American luxury retailer will incur non-cash impairment charges associated ...
-
ArticleMicam has industry support for September edition and prepares a B2B site
The organizers of Micam confirmed plans to hold the trade fair on Sept. 20-23, indicating that 75 percent of the Italian and international companies surveyed believe that the Milan-based event is an essential element to relaunch the industry. Micam also plans to launch a B2B platform.
-
-
Article
Footwear did not benefit from surge in online purchases in the U.K.
A couple of suveys have confirmed that online sales surged during the lockdown in the U.K. but unfortunately footwear did not profit from the rising tide. The situation is also changing consumers’ behaviors to the detriment of clothing.
-
Article
Zalando sees 2020 revenues up by 10-20%
Zalando issued a new full-year guidance which takes into account the impact of the Covid-19 pandemic and sees gross merchandise volume (GMV) and revenues up by 10-20 percent. It noted that its forecast growth is significantly above the expected increase for the overall fashion industry.
-
Article
Geox’s Q1 sales fall by 30%
Geox’s sales fell sharply in the first quarter of 2020, which was heavily affected by temporary store closures due to the Covid-19 pandemic in all regions the company is present. It warned that the second quarter will be worse.
-
Article
Rohde plans e-commerce platform this year
The German shoemaker Rohde intends to launch a business-to-business (B2B) online platform this summer, followed by a business-to-consumer (B2C) site.
-
Article
Boohoo hikes cash pile while Farfetch continues to burn cash
boohoo is building up its cash pile thanks to its highly cash-generative business model and is ready to go on an acquisition campaign. Meanwhile, Farfetch continues to burn cash.
-
ArticleThe Italian footwear industry prepares to restart
On April 20, Gucci reopened ArtLab, a facility producing prototypes and samples for the brand’s leathergoods and footwear lines in Scandicci, near Florence. The announcement was a milestone in Italy’s attempt to gradually return to normality after the government imposed a nationwide lockdown on March 10 to combat the Covid-19 ...
-
Article
Stuart Weitzman parent cuts North America retail staff
Tapestry is laying off 2,100 retail workers and threatening to axe more jobs from June 1 as it seeks to weather the Covid-19 pandemic. The company is also focusing its resources in the digital field.
-
ArticleSome stores are re-opening in Germany
After consultations with the state governors, German Chancellor Angela Merkel announced on April 15 that certain types of stores could open again from Monday April 20, after being shut down for five weeks. The retail lockdown for non-essential items was relaxed only for stores that have a maximum surface of ...
-
Article
Skechers’ Q1 net falls by 55%
Skechers USA reported a drop of 54.9 percent to $49.1 million in its net earnings for the first quarter ended March 31 on 2.7 percent lower revenues of $1,242 million. In terms of local currencies, sales were down by 1.2 percent, with a small increase of 2.9 percent in the ...
-
Article
Crocs’ Q1 sales decline, despite strong growth in America
Coronavirus hampered Crocs’ results early in the first three months of the year, especially in Asia, but this was partly offset by high store comparable sales in America, where the virus disrupted retail late in the quarter. Revenues for the first quarter declined by 5.0 percent from the year-ago quarter ...
