Online 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.
HBC, 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.
The 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.