Duelling Visions for Online Luxury

Tim's Take on Prada, A New Wave of Black-Owned Marketplaces

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, FEBRUARY 26, 2021 Farfetch and Mytheresa reported booming sales Thursday and offered a look at their post-pandemic plans. A new wave of online stores and marketplaces are shining a spotlight on Black-owned fashion and beauty brands. Miuccia Prada and Raf Simons took a big step towards a joint blueprint for Prada, reports Tim Blanks. Myntra is an increasingly powerful e-commerce channel for global brands in India. Luxury brands need new strategies for tapping Chinese shoppers who aren't traveling this year.

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LUXURY Duelling Visions for Online Luxury in Mytheresa and Farfetch's Latest Results By Chantal Fernandez

Success online during this past year was hard-won, but questions remain about which players will be best positioned for the post-pandemic world. READ MORE

RETAIL The New Wave of Black-Owned Marketplaces By Treye Green

In the wake of last year's civil rights protests, online stores, including Black Fashion Fair and Black Owned Everything, have sprung up to shine a spotlight on Black-owned fashion and beauty brands. READ MORE

FASHION WEEK Miuccia and Raf Want to Take You to the Club By Tim Blanks In their second womenswear outing, the co-creative directors took a much more reassuring step towards a joint blueprint for Prada. READ MORE

GLOBAL MARKETS How to Leverage Myntra to Expand in India By Casey Hall and Phyllida Jay Partnering with the e-commerce giant is an increasingly popular way to tap the India opportunity but it comes with downsides like deep discounting. READ MORE

CHINA The Key to Chinese Luxury Sales in 2021 By Casey Hall and Robert Williams With demand trapped in the mainland, brands must seize domestic travel spend, improve their clienteling in lower-tier cities and create exciting events to make local retail more attractive. READ MORE

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NEWS BRIEFS ByteDance To Pay $92 Million to US TikTok Users Outdoor Voices Names Gabrielle Conforti CEO Sephora Will Open Another 60 Stores in the US Chinese Luxury Mall Giant to Expand Into Inner Mongolia Asia Anticipates Slow Recovery to International Travel Flows Bottega Veneta Deletes Account on Chinese Social Media Platform Weibo Deepika Padukone Named Levi's Global Brand Ambassador African Online Retailer Jumia's Losses Narrow After Cost Cuts London West End Landlord Sees Signs of Life After Grim Year UK's Primark Expects Strong Trading When Stores Reopen

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