Spanish fashion retailer Mango closed 2023 with a turnover of over €3 billion for the first time. Within this, online sales exceeded €1 billion in turnover for the first time, accounting for 33% of the group’s total turnover.
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Perfect Corp.’s newest Global Trend Report: “The Power of Generative AI in Beauty and Fashion”, examines the rise of Generative AI in the beauty and fashion industries.
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Just 17 months after opening the first outlet Amazon is closing its physical clothing stores as it doubles down on the grocery segment.
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The EU’s online fashion & beauty market is projected reach a turnover of €144B by 2026, bolstered by C2C marketplaces offering sustainable second-hand fashion and resale options.
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The RetailX Metaverse Almanac 2023 report has found that fashion-based retailers are entering the Metaverse at double the rate of other segments.
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The figures, which were released by the German federal association for e-commerce show that sales in the fashion segment fell over 20 percent from January to the end of March as online retail continues to experience high levels of volatility.
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