Online sales were up again in the UK during July, which is hardly surprising news. But given how tough times have been for the fashion sector its was encouraging to see that fashion did particularly well.
Target Corp has reported an increase in Q2 comp sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. New brands have also done well.
Indian Apparel and textile major Arvind’s e-commerce platform NNNow is planning to enter the booming fashion e-commerce market by expanding its brand portfolio and offer global brands not owned or marketed by the firm.
The athleisure trend is here for the long term say analysts at GlobalData with its new report saying Asos’s decision to target the £2.5bn sports apparel market is a reflection of the category’s durable appeal.
TJX's quarterly performance was one of few bright spots in the gloomy U.S. retail environment, proving that the company's off-price business model was luring shoppers even as competition from Amazon.com Inc intensifies.
JD.com Inc, China's second-largest e-commerce firm, posted a wider net loss in the second quarter as marketing costs offset higher-than-forecast revenue growth, sending its shares sharply lower on Monday.
Apparel and footwear maker VF Corp said on Monday it would buy privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for about $820 million in cash. VF said it now expects its 2017 revenue to rise 3.5 percent to $11.
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, sources said on Monday.