Global Fashion Group Bets 2020’s Online Shopping Boom Is Set to Last

A Lamoda delivery. Collage by BoF.

Global Fashion Group SA, a fashion retailer with ambitions to emulate European giant Zalando SE in emerging markets, has made a big bet that the pandemic-fuelled boom in online shopping is here to stay.

The Luxembourg-based company has channeled much of its 2020 windfall into infrastructure by building new warehouses or expanding existing facilities in six of the nine markets where it operates fulfilment centres, co-chief executive officer Christoph Barchewitz said in an interview.

Like Zalando, Global Fashion’s largest shareholder is Kinnevik AB, which invests in online businesses spanning wine to classifieds worldwide. While Global Fashion’s customers currently place orders just 2.5 times per year, Zalando’s rate is almost twice that, Barchewitz said, and the share of the population served in each of his markets is just about 1.5 percent, a fraction of the Berlin-based retailer’s.

“That shows where we want to go,” the

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Stylist Brad Goreski Reveals His Predictions for a New Era Fashion – E! Online

“There’s a lot of bright colors,” he shares, before adding his other predictions, “There’s another big push for florals again this year. Everything from very feminine day dresses to athleisure, like all floral sweat suits. The bold shoulder is definitely here to stay, which is great for the Zoom culture we’re living in right now.”

“Pastels are also super big,” he continues, “I like all the pale pink, pale lavender, pale greens, pale yellows, there’s something super romantic about those. Tie dye is definitely here to stay as well and I’m also loving the patchwork trend—whether it’s a patchwork suede bag or boot.”

In fact, Brad jokes he’s ready to fill up his closet with some new items this season. He confesses, “I’ve got a pastel lavender suit in my shopping cart right now that I’m going to check out.”

Luckily, he’s partnered with Capital One Shopping, which makes that

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Half of Brits say they can’t stop online shopping in lockdown

Brits are turning to online shopping to boost their mood and fill their time during lockdown. Photo: Tim Goode/PA Wire/PA Images
Brits are turning to online shopping to boost their mood and fill their time during lockdown. Photo: Tim Goode/PA Wire/PA Images

With after-work drinks cancelled and weekend brunches postponed, Brits have turned to online shopping to fill their time and give themselves something to do.

In a survey of 1,500 UK adults by price comparison site Idealo, nearly half (48%) of Brits said online shopping has made them feel happier during the COVID-19 lockdown, with almost a third (31%) admitting to making a purchase every single week.

What’s more, nearly half said they have become “obsessed” with buying things online since lockdown began on 21 March, while 39% admitted to buying something they “wouldn’t normally buy.”

READ MORE: Coronavirus — Top tips to save when shopping online in lockdown

A third of those surveyed said they have been buying items for their home, with home and garden being the most

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Zilingo Cuts 12% More Jobs as Online Fashion Shopping Plummets

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Zilingo Pte, a fashion tech platform backed by Temasek Holdings Pte, has cut an additional 12% of its total workforce as it extends cost-cutting measures to deal with Covid-19 fallout, according to a blog post.

The latest cuts come on top of a 5% headcount reduction around April. The company helps small fashion outlets across South and Southeast Asia get online, market and deliver their goods, but it said the coronavirus outbreak has already led to a quarter of those businesses closing doors.

To rein in its own costs, Zilingo is downsizing marketing, sourcing and support teams in the U.S., Australia, Singapore and Indonesia. The leadership book profits team is taking a 30% pay cut, most employees will shift to working from home at least part of the time and some regional offices will

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