The French online event sales group has reportedly generated a revenue of nearly €700 million in 2020, well up from the €616 million reached in 2019, notably thanks to Q4 results that exceeded expectations.
As it celebrates its fifth anniversary, resale platform StockX has released a report tracking the evolution of the market since it launched, highlighting trends including the skyrocketing popularity of women’s sneakers.
The American lifestyle group reported net sales of $1.09 billion in the fourth quarter on Tuesday, representing a year-over-year decline of 6.9% which was largely due to reduced store traffic and occupancy restrictions.
Collection structure, product range, sourcing, logistics and sustainability are the key elements that will undergo radical changes in the high-end textile and apparel sector, according to a study by Sistema Moda Italia.
The Japanese cosmetics giant announced an 18.6% decrease in its full-year sales on Tuesday, falling into loss as the Covid-19 pandemic took its toll on the company’s operations, especially on its home market.
Shares in Future Group companies jumped nearly 10% on Tuesday after an Indian court overturned an order that had stalled Future Group’s $3.4 billion deal to sell its retail assets to conglomerate Reliance Industries Ltd.
In three years, the site created by David Benhaim and Michael Holzmann has become a key player in the French resale market. After growing by over 200% last year, Wethenew is now setting its sights on the rest of Europe.