The RealReal announced on Tuesday total sales for the first quarter increased 48%, on the back of strong gross merchandise value (GMV) growth, as the online luxury resale platform remained in the red for another quarter.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China, and the group said it expected to double sales in the medium term.
Hugo Boss has signed an interesting licensing deal via its Hugo Boss Trade Mark Management unit, entering into an exclusive global dog apparel and accessories agreement with Kanine Pets World Limited.
The (Fashion) Minority Report has launched The Hub, a new platform that aims to “connect young, diverse talent with industry-leading brands to enrich inclusivity in the fashion industry and the creative sector”.
Online resale platform ThredUp Inc. said on Monday total revenues for the first quarter surged 31%, as the American company made further inroads in Europe and extended its RaaS capabilities to more clients.
ESW announced on Monday it has acquired Los Angeles-based e-commerce platform Scalefast, with the deal expected to drive growth in revenue and product innovation across the group’s integrated client base.
Founded by the French entrepreneur Beverly Sonego, Monogram Paris aims to internationalize its second-hand brand concept. It is being tested throughout May on the American market, in New York and Los Angeles.
The Italian group specialised in down jackets plans to further segment its markets, diversify into footwear, boost its online sales and broaden its retail footprint by opening over 150 new stores by 2024.