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News briefs

Day’s wrap: Tapestry, Nordstrom, Shiseido and Rebag

February 4, 2021

Serena Williams for Stuart Weitzman. Image courtesy of Stuart Weitzman

 

Luxury Daily’s live news for Feb. 4:

Tapestry sees improvement in Q2 2021 as recovery continues
U.S. fashion group Tapestry Inc. exceeded expectations during the second quarter of fiscal year 2021, with ecommerce seeing triple-digit growth.

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Nordstrom leaning on digital, expanded offerings in long-term outlook
U.S. department store chain Nordstrom has outlined a long-term strategy with a focus on digital as it looks beyond the COVID-19 pandemic.

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Shiseido commits to prestige beauty after selling mass market brands
Japanese beauty group Shiseido is selling its personal care brands to a private equity firm as it continues to prioritize its prestige portfolio.

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Rebag introduces AI app for resale quotes
Resale platform Rebag has launched an artificial intelligence tool to empower consumers to learn the value of their handbags in seconds.

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How digitally-connected products support brand authenticity
As COVID-19 continues to accelerate the growth of ecommerce, it is becoming even more beneficial for brands to ensure product authenticity.

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