José Neves, Farfetch Founder, CEO and Co-Chair, announced that the global technology platform for the luxury fashion industry enjoyed excellent growth in first quarter 2019 with Platform GMV rising 44% to $415 million, or approximately 50% growth on a constant currency basis. The rapid growth of Farfetch exceeds the growth of the online … Read more
Fashion brand hails second year of growth but chief says general election and attacks may have led to lower footfall at UK stores
In an attempt to find growth, the companies are, again, turning to multichannel, believing that when channels coordinate, the whole is greater than the sum of its parts. Although e-commerce continues to register double-digital growth year-over-year, online sales have not matched the hype and vision evangelized over the last 15 years. In the same vein, … Read more
The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of … Read more