Next summer’s womenswear collections showcased in New York, London, Milan and Paris – digitally and on the catwalks - were heavily influenced by life in lockdown, hankering for comfort, minimalism and inclusion.
With the coronavirus having sent most of the world's luxury spending into a tailspin and China the only major economy expected to show growth this year, brands now depend more than ever on Chinese consumers for sales.
Shares in the Philadelphia-based fashion retailer shot up more than 12% in the extended session on Tuesday, as the company reported a surprise Q2 profit of $34 million thanks to double-digit digital growth.
Target on Wednesday reported its best quarterly comp sales growth and online revenue that nearly tripled as customers took advantage of the retailer’s quick and contact-free delivery to shop for clothes and home decor.
The weather played less of a part than usual in sales at Fast Retailing’s Uniqlo chain during July with the company saying on Tuesday that its Japanese sales (including online) rose 4.7% year-on-year during the month.
Facebook beat analysts' estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the pandemic even as they slashed marketing budgets elsewhere.