Daily Links: April 22, 2020

Fashion Nova to Pay $9.3M to Settle With FTC Over Shipping Delays (1)
  1. Q1 Sales for Gucci “Deeply Impacted” by COVID-19, While Bottega Veneta’s Sales Grew in the First 3 Months of the Year “The COVID-19 pandemic took a heavy toll on our operations in the first quarter,” Kering asserts in its Q1 report, stating that Gucci was hit particularly hard in light of decreased consumer spending and widespread store closures across the globe. Despite “an exceptionally good start to the year in January, before the epidemic began to spread,” Kering – the Paris-based conglomerate that owns Gucci, Balenciaga, Bottega Veneta, Saint Laurent, and Alexander McQueen, among other luxury brands – reported revenue of $3.476 billion for the first 3 months of 2020, less than 16.4 percent of what it made in the same quarter last year. Read more on The Fashion Law
  2. Fashion Nova to Pay $9.3M to Settle With FTC Over Shipping Delays Fashion Nova, accused by the Federal Trade Commission of failing to deliver on its claims of speedy delivery, has been on notice and making amends. The California-based fashion brand has agreed to pay $9.3 million to resolve the FTC’s complaint that it didn’t properly inform or compensate consumers whose orders were delayed or didn’t arrive, the agency said Tuesday. Read more on WWD
  3. Kendra Scott is Turning its 108 Stores into Fulfillment Centers Companies big and small are figuring out how to fulfill e-commerce orders by relying on still-closed retail stores. For nearly six weeks, many brick-and-mortar stores have remained closed, with their inventory sitting untouched and unsold. At the same time, warehouses and fulfillment centers are practicing social distancing and cutting back to skeleton crews, even as e-commerce orders continue to come in. For those that are seeing a boost in online sales, like jewelry company Kendra Scott, finding new ways to deliver goods to customers who can’t go shop in stores has been crucial. Read more on GLOSSY
  4. Is Your Face-Masking Habit Making Your Skin Worse? In difficult times like these, you might look to a handful of proven stress relievers: mindfulness meditation, yoga, breathing exercises, even sex. But, superficial as it may seem to someone who’s spending their newfound free time reaching spiritual enlightenment for fun, there’s no denying the soothing quality of a good face mask. Weeks into shelter-in-place orders, Instagram hashtags like #dailymask are racking up numbers as more and more of us get our daily relaxing beauty fix using hydrating sheet masks, exfoliating masks, and everything in between. Read more on Refinery 29

Fashion Ambitions participates in various affiliate marketing programs, which means Fashion Ambitions gets paid commissions on purchases made through our links to retailer sites.

For general inquiries, contact us at contact@fashionambition.com.

©2020 Fashion Ambitions LLC All Rights Reserved.

Scroll To Top