Sales news and archive

Vestiaire Collective launches new charity celebrity closet sale with Jessica Chastain

Luxury resale platform Vestiaire Collective has announced its latest celebrity closet sale with Academy Award winner and producer Jessica Chastain and her stylist Elizabeth Stewart. Part of the global secondhand platform's growth strategy for the US, the announcement comes not long after Vestiaire Collective introduced 0 percent commission fees...

From margins to sell-through: Important figures used in the fashion industry

On this page you will find key figures used in the fashion industry to monitor and optimise performance, such as sell-through, margin, and turnover, among others. Retailers use numerical analyses to substantiate business decisions, such as making a purchasing plan and budget for the next fashion season. “We sometimes compare choices for budgets...

Business

Alibaba says profit up 132 percent in 'outstanding' quarter

Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132 percent in an "outstanding" latest quarter, prompting it to raise its projection for full-year revenue growth. Net profit for the three months ending September 30 reached 17.67 billion yuan, (2.67 billion dollars), up from 7.62 billion yuan in the same period of...

Business |REPORT Featured

New Look revenue up 5.4 percent in "milestone" FY16

London - New Look has enjoyed a solid year, as its strategy has resulted in an revenue increase of 5.4 percent for the fiscal year 2016. Revenue for the 52 weeks to March 26, 2016 hit 1.49 billion pounds compared to 1.41 billion pounds for FY15, bolstered by the brand's multi channel push, menswear focus and "continued success" in China. New...

Fashion

Retailers, brands pre-pone winter wear sales

As the mercury dips lower in the north India, winter seems to be spreading a lot of cheer among Indian apparel retailers. After doing brisk business with the winter wear collection on their shelves, most retailers and brands have now started discount sales. Perhaps a little early, for unlike previous years this time sales have started since...

Fashion

Boxing Day sees record shoppers

A record number of consumers hit the shops on Boxing day and spending continued on Sunday as shoppers sought to shrug off the recession and snap up bargains. A combination of Boxing day falling on a Saturday, prompting far more retailers than usual to open their doors, the impending value added tax rise and limited discounting in the run-up to...