Fragrance and beauty product sales in Germany rose 3.4% last year to $18.64 billion, making the country the biggest beauty market in Western Europe, according to Euromonitor International. Sephora recently opened a flagship in Frankfurt, and online retailer Zalando expanded into beauty with the launch of more than 150 brands.
Canada Goose Holdings will use the expertise and technology developed by Baffin, the outdoor footwear firm it acquired for $32.5 million, to develop its own branded footwear division, CEO Dani Reiss said. Canada Goose and Baffin will remain separate brands with their own distribution channels and target customers, he said.
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Macy's raised its forecast for full-year earnings after reporting better-than-expected third-quarter earnings on Wednesday. The retailer is seeing results from efforts including redesigning some stores, closing underperforming locations, focusing on luxury goods and expanding the reach of its off-price Backstage concept.
Luxury brand Michael Kors has run campaigns on Chinese social media platform WeChat that have boosted US sales among Chinese tourists during peak holiday periods, including Golden Week in October and Lunar New Year in February. Earlier this year, the brand also launched an e-commerce presence on the platform.
Levi Strauss & Co. will open a flagship in New York City's Times Square on Friday, and the apparel retailer is reportedly planning to return to the public markets with an initial public offering. The 145-year-old company, which first went public in 1971 and was taken private in 1984, could be valued at about $5 billion, sources said.
EBay is developing server-side ad tech to enable the marketplace to sell its own ad space programmatically without going through a third party. "The intent of our server-side technology is to be more transparent and more collaborative with our advertising partners and that may mean more information and detail on how auctions and inventory are sold and managed," said eBay's Phuong Nguyen.
David's Bridal is preparing to file a prepackaged bankruptcy that will allow it to cut debt, emerge quickly and continue operating, sources said. The 68-year-old retailer operates upwards of 300 stores in North America and the UK.
The fashion industry has embraced augmented reality, but confusion and inexperience among consumers mean many fashion fans may not be as excited about the new technology. Companies like Vertebrae are working to make the tools easier for consumers to access and use, with web-based interfaces that eliminate the need for users to download a new app.
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