Italian ‘buy now, pay later’ specialist Scalapay has completed a funding round worth €131 million ($150 million), that will enable the company to bolster its personnel growth and international expansion plans.
Like Spanish fashion retailers Tendam, El Ganso and Scalpers, Mango wants its e-shop to become a marketplace for brands compatible with its positioning, and has inked a deal with Italian lingerie label Intimissimi.
The Italian fashion industry association's president asked landlords to accept a rent payment suspension until stores will reopen, urging them to renegotiate lease terms until income flows will become regular again.
Italian clothing chain Benetton said on Wednesday it would close all its directly-managed shops in Italy for two weeks starting from Thursday in an effort to protect both employees and customers against coronavirus.
European e-tail giant Zalando benefited from surging traffic in Q1, rising customer satisfaction, and more brands realising they need to be working with it, which all meant a sales boom as customers ordered more often.
Italian fashion retailer Calzedonia is planning new store openings in the strategically important markets of the United States, China and Japan, it said on Tuesday, as it reported broadly steady sales for 2018.