Following its launch as a separate entity earlier this year, the luxury e-commerce company has announced that it has closed deals securing the business $465 million in new financing.
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136 published items with the word (s) or phrase Insight in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Saks secures financing for new growth strategy as standalone online business")
Saks secures financing for new growth strategy as standalone online business -
![]( "Saks Fifth Avenue calls end to fur sales")
Saks Fifth Avenue calls end to fur salesThe New York-based department store retailer has announced that it is closing its fur salons and plans to stop selling all products made using animal fur by the beginning of 2023.
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![]( "Clothing and footwear get UK online sales boost from roadmap to lockdown end")
Clothing and footwear get UK online sales boost from roadmap to lockdown endOnline retail sales surged again in February and fashion was a key beneficiary. And it was encouraging that footwear sales sprang back to life after a tough year due to the pandemic keeping consumers at home.
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![]( "HBC to launch Saks Fifth Avenue's online business as separate entity")
HBC to launch Saks Fifth Avenue's online business as separate entityHBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
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![]( "Luxury industry faces more selective and reasonable consumers")
Luxury industry faces more selective and reasonable consumersThe Covid-19 crisis is reshaping the top of the luxury market with consumers being more selective and spending less, according to a study by Boston Consulting Group and Altagamma released on Tuesday.
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![]( "Men’s grooming to see boost in popularity this Father’s Day")
Men’s grooming to see boost in popularity this Father’s DayWith 75% of Americans planning to celebrate Father’s Day in 2020, the number of consumers intending to purchase personal care products as gifts has shot up 21% compared to last year, according to NRF.
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![]( "Make-up e-sales rise but jewellery is down in latest week says new data")
Make-up e-sales rise but jewellery is down in latest week says new dataDemand for make-up globally is at a high while consumers are in lockdown, but jewellery seems to be off their radar for now. That’s the conclusion of new data from Emarsys covering the past week.
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![]( "As stores reopen, most U.S. shoppers don't feel safe trying clothes, beauty products")
As stores reopen, most U.S. shoppers don't feel safe trying clothes, beauty productsAs stores reopen across the U.S, the majority of consumers are ready to buy in-store, but will be shopping a little differently, according to a recent study by First Insight.
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![]( "Gap targets Gen Z with the launch of Gap Teen")
Gap targets Gen Z with the launch of Gap TeenWith a focus on denim, the collection offers a range of girl's apparel made using processes that "save water and reduce waste," Gap said, tapping Gen Z consumer interest in sustainable products.
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![]( "Italian fashion starts e-tail recovery, but sales are still down says data")
Italian fashion starts e-tail recovery, but sales are still down says dataThe Italian fashion industry has been hit hard by the coronavirus. But new data shows that it's beginning to recover with an 18% increase in online consumer purchases, although it’s still down overall.