Gucci has been named as the hottest brand in fashion for the fourth consecutive quarter by Lyst, with the return of dressier options and styles for travel and leisure also being identified as key quarterly trends.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
According to a study from data analysis specialist Retviews, the label's success is down to its focus on its assortment, which brings together exclusivity and inclusivity, and its reactiveness to trends.
Fashion search platform Lyst has filed results for the 12 months to March 31 2020 and said the year saw it continuing its rapid expansion with a 26% revenue rise to £23m. This was an acceleration on the previous year.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.
With Covid-19 disrupting traditional brick-and-mortar retail, e-commerce saw a boom in 2020. But according to a new report from Searchmetrics, fashion retailers lagged behind in terms of online search visibility.
Cross-border Commerce Europe, a cross-border commerce analyst, has ranked the top 100 most sustainable cross-border marketplaces in Europe. Top of the list, based on 10 factors, are Ebay, Etsy, Rakuten and Amazon.
Gucci has hung on to its most-in-demand number one position in the latest Lyst Index while The North Face had the hottest product in Q4, topping both the women’s and men’s list - a first for the index.