Spanish fashion retailer Mango concluded 2023 with a landmark turnover that exceeded 3 billion euros ($3.28 billion) for the first time in its history. The company reported a turnover of 3.104 billion euros ($3.39 billion), marking an increase of 15% compared to the previous year, Mango said...
The rising popularity of certain weight loss drugs might end up helping apparel makers. That’s according to a recent survey by investment banking firm Stifel, the subject of a Saturday (Dec. 2) report from Seeking Alpha. That survey found that 15% of respondents are on GLP-1 medications...
Weather can exert an influence on consumer purchasing choices, a phenomenon vividly illustrated by the advisory released by the online fashion giant ASOS in relation to its recent financial performance. ASOS saw a 16% decline in U.K. sales during the last quarter, primarily due to the...
The story of consumer cutbacks on discretionary items, like apparel and beauty products, continues. But a new narrative is starting to emerge, as brands and retailers demonstrate a willingness to reevaluate their prices to align with changing consumer expectations. For example, Target’s quarterly earnings confirmed...
June 16, 2023
Sometimes it is a selective and focused sales strategy instead of broad appeal that may see overwhelming results. Amazon’s current standing as a player in higher-end fashion sales has been years in the making. In 2016, the company deliberately pivoted past the concept of simply being a third-party clothing and accessories seller with its surprise […]
August 24, 2017
In late July, PayPal and Baidu captured the world’s attention when they inked a strategic partnership that gives Baidu’s 100 million or so mobile wallet users access to PayPal’s 17...
December 03, 2023
The rising popularity of certain weight loss drugs might end up helping apparel makers. That’s according to a recent survey by investment banking firm Stifel, the subject of a Saturday (Dec. 2) report from Seeking Alpha. That survey found that 15% of respondents are on GLP-1 medications such as Mounjaro, Wegovy and Ozempic. Another 21% said they’d […]
June 19, 2023
Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen significant declines in retailers’ holiday...
April 10, 2023
The handbag and accessory brand Patricia Nash is now using thredUP’s Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered program, Patricia Nash joins 40 other brands offering resale programs through the fashion resale...
March 02, 2023
Activewear was a standout performer during a quarter in which American Eagle Outfitters earned its second-highest revenue. The clothing, accessories and personal care products retailer reported the “rapid success” of its lingerie...
