If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Nun 1970, founded by Egyptian businessman Hany Beshr and distributed by Livia Gregoretti’s showroom, has global plans for its Florence-designed line made in 100% traceable Mongolian cashmere by Italian producer Cariaggi.
John Lewis Partnership has been quietly opening John Lewis department store concessions in its Waitrose supermarkets. And while only a few have opened so far, it's reportedly planning to speed up this process.
The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant.
Consumers have shifted to e-shopping in the past year, but when stores reopen, they'll be glad to get back to physical shopping. Yet digital habits are ingrained for consumers globally and social commerce is on the rise.
With Covid-19 disrupting traditional brick-and-mortar retail, e-commerce saw a boom in 2020. But according to a new report from Searchmetrics, fashion retailers lagged behind in terms of online search visibility.