April was a confusing month for anyone tracking online sales with the latest IMRG Capgemini showing a difficult few weeks for the clothing sector, although health & beauty grew while home & garden leapfrogged ahead.
In 2016 US retailers missed $9.24 million in revenue by miscalculating the optimal percentile in which to discount items, according to a discount analysis of luxury, premium and mass market US apparel.
The 10-piece capsule collection consists of men's and women's apparel and accessories, including t-shirts, sweatshirts, jeans, a backpack and a handbag. Off-White opened its second Hong Kong store in April.
The Australian online surf and apparel retailer reissued its full-year profit guidance on Monday, warning that losses would double to between A$10.5 million and A$11.5 million in the 12 months ending June.
Over the year ending April 2017, the Consumer Price Index for All Urban Consumers (CPI-U) apparel index rose 0.5 per cent in the US market, according to ‘The Economics Daily’ released by the Bureau of Labor Statistics.