Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Livestream shopping is forecast to generate sales worth over $150 billion in 2020. Last June’s $15 million spree sparked by a Taobao festival is likely to be exceeded on 11 November, Singles Day in China.
According to a new report from KPMG, U.S. consumers are planning to spend less this holiday season, with the apparel and accessories segment expected to be hit particularly hard by reduced shopping budgets.
Latin America's e-commerce industry is booming as millions of shoppers across the region venture online during the pandemic, many for the first time, forcing traditional businesses to adapt to survive.