BLACK FRIDAY IN COVID ERA – BOOM or BANE?
Bluecore’s 2020 Black Friday Report reveals that an average of 59% of retailers’ Black Friday sales were from first-time buyers. Consumers spent an estimated $9...
Tag : fashionnews
IMA s.p.a Organises Its First Digital Event Launches Innovative Products
Amidst the pandemic that has hit sales and marketing efforts of almost all companies in all sectors, IMA s.p.a that has been offering world class...
APPAREL SALES HIT IN NOVEMBER
Second lockdown impacts sales The latest figures from The Office for National Statistics found retail sales volumes fell 3.8 per cent in November compared to...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
Pantone Picks Two Colors of the Year for 2021
Pantone best known for its system of standardised colours used across industries, got philosophical with its two picks for the coming year, “Ultimate Gray” and...
TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
Lululemon See Rise in Sale
Sees Good Demand for Workout Apparels, Women’s wear Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts’ estimates as...
MANISH ARORA STOPS OPERATIONS
Famous fashion designer Manish Arora’s namesake fashion brand has reportedly been knocked down by bad business deals, unpaid wages, lawsuits and vendor disputes that began...
US CHINA RELATION UNLIKLEY TO IMPROVE BIDEN SAYS WILL NOT REMOVE TARIFFS
President-elect Joe Biden said he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. Biden intends to first review the existing...