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Alibaba-rival Pinduoduo beats revenue estimates as online shopping demand soars

Alibaba-rival Pinduoduo beats revenue estimates as online shopping demand soars

China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday as more people shopped on its e-commerce platform during coronavirus lockdowns that have shut most brick-and-mortar outlets.
Fashion
UK stores to reopen on June 15, but have consumers turned against fast fashion?

UK stores to reopen on June 15, but have consumers turned against fast fashion?

UK ‘non-essential’ stores have a specific date for when they’ll be able to reopen, June 15, if they have safety measures in place. The question is, whether consumers will return or are they now anti-fashion?
Fashion
Alessandro Michele calls for reformulation of fashion season; and says Gucci will stage digital show in Milan in July, but not in September

Alessandro Michele calls for reformulation of fashion season; and says Gucci will stage digital show in Milan in July, but not in September

One day after Alessandro Michele, creative director of Gucci, revealed on Instagram that the brand would in future stage only two shows per year, the designer called for a reformulation of the fashion calendar. 
Fashion
How will we consume in the post-Covid-19 world?

How will we consume in the post-Covid-19 world?

WGSN and Euromonitor have tried to decipher the new consumption modes emerging in the aftermath of the Covid-19 crisis, outlining the profiles of consumers who are both global and local, wary and optimistic.
Fashion
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Amazon to hire 50,000 temp workers in India as lockdown boosts demand

Amazon to hire 50,000 temp workers in India as lockdown boosts demand

Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been inside for two months in a lockdown to fight the coronavirus outbreak.
Fashion
Atterley secures Alexandra Shulman as strategic adviser

Atterley secures Alexandra Shulman as strategic adviser

Shulman, who served as editor-in-chief of British Vogue for 25 years, joins the company as it looks to expand its online platform for independent boutiques in the US.
Fashion
Target to close up to 75 stores in Australia, convert more to Kmart

Target to close up to 75 stores in Australia, convert more to Kmart

Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.
Fashion
Rent the Runway seeking $25 million in funding round

Rent the Runway seeking $25 million in funding round

The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.
Fashion
Americans splurge at Walmart, Target as stimulus checks kick in

Americans splurge at Walmart, Target as stimulus checks kick in

The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to shop, even as the country struggles with record job losses.
Fashion
Canada's Shopify CEO says era of 'office centricity is over; most staff to permanently work from home

Canada's Shopify CEO says era of 'office centricity is over; most staff to permanently work from home

The CEO of Canadian e-commerce firm Shopify declared on Thursday the end of “office centricity” and decided to keep company offices closed till 2021, with most employees to work remotely on a permanent basis after that.
Fashion
Amazon pushes Prime Day to September as it returns to normalcy

Amazon pushes Prime Day to September as it returns to normalcy

Amazon.com Inc is scheduling its annual Prime Day shopping event for September and allowing unlimited shipments of non-essential goods to warehouses, according to reports on Thursday.
Fashion
Could coronavirus help Amazon workers unionize?

Could coronavirus help Amazon workers unionize?

Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota. These and other Amazon.
Fashion
Best Buy quarterly same-store sales fall over 5%

Best Buy quarterly same-store sales fall over 5%

Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.
Fashion
V&A unveils behind-the-scenes look at making of ’Kimono: Kyoto to Catwalk’

V&A unveils behind-the-scenes look at making of ’Kimono: Kyoto to Catwalk’

The fashion exhibition, described as the first major show devoted to the kimono in Europe, had to close two weeks after opening due to government restrictions to slow the spread of Covid-19. 
Fashion
Shaftesbury launches Carnaby Cares campaign

Shaftesbury launches Carnaby Cares campaign

Running across Carnaby’s social media channels and website, the digital campaign aims to highlight and promote the wide range of Covid-19 projects being delivered by Carnaby Street stores and restaurants.
Fashion