Cyber Monday Breaks Record
Clearly we here at Second City Style are not the only ones who prefer to do our shopping online. According to the NY Post Americans clicked away on their computers and smartphones for super deals and savings on Cyber Monday, making it the biggest online shopping day in history. Up 20% from last year, it is expected we spent $1.5 billion yesterday according to research firm comScore.
Online shopping was up 28.4% on Cyber Monday compared with a year ago, according to figures released late yesterday by IBM Benchmark, which tracks online sales. Sales from mobile devices rose 10.1%. It would appear Cyber Monday is overtaking Black Friday. Who needs the crowds?
U.S. & Europe Team Up in Epic Cyber Monday Sting
In related news, federal authorities in the U.S. said Monday they partnered with European counterparts for the first time to take down 132 counterfeit Web sites that were illegally selling thousands of fake products, including apparel, jewelry and other luxury goods. Dubbed “Project Cyber Monday 3” in the U.S. and “Project Transatlantic” in Europe, 101 domain names in the U.S. and 31 in Europe were seized, according to John Morton, director of U.S. Immigration & Customs Enforcement.
The unscrupulous sites sold products from 41 trademark holders, including such fashion and luxury brands as Nike, Reebok, Tommy Hilfiger, Louis Vuitton, Gucci, Salvatore Ferragamo, Dolce & Gabbana, Prada, Chanel, Burberry, Hermès, Dior, Miu Miu, Chloé, Tod’s, Fendi, Yves Saint Laurent, Cartier, Christian Louboutin and Lacoste.
“The purpose of our efforts is to confront consumer fraud online,” Morton said on a conference call with reporters. “Organized criminals are using the Internet and the holiday shopping season to defraud consumers on a grand scale.” The operation was part of a larger initiative in the U.S. known as “Operation in Our Sites” that was launched in June 2010. The seizures of the 101 domain names in the U.S. brings the total to 1,630 since the operation began.
Sam & Libby Back and On Target
Did you wonder what happened to Sam & Libby? Well the show company is back and now even more affordable price point. Look for Sam & Libby shoes at a Target near you this spring where they will debut on May 5, 2013. Sam and Libby Edelman debuted the line in 1987 and sold it to Maxwell Shoe Co. in 1996; eight years later, Jones Group acquired Maxwell. Two months ago, Brown Shoe Co. snapped up Sam & Libby from Jones Group’s roster of contemporary brands. Got that?
Prior to September’s purchase of the Sam & Libby label, Brown Shoe Co., acquired Edelman Shoe Company in 2010. Edelman Shoe also includes the Sam Edelman line, sold at the label’s Soho flagship as well as retailers like Bloomingdale’s, Asos, Nordstrom, Piperlime, Shopbop, SINGER 22, and Urban Outfitters.
The Target collection will include 20 styles, with prices starting at $25 with the Edelmans working closely with the affordable megastore on the design process. Sam & Libby’s reboot will hit the selling floors of all Target locations, as well as its e-commerce site where a wider color range will be offered. If only they offered free shipping.
It appears ASOS might be stepping up their game. Known for affordable chic apparel and accessories the British fast fashion brand has made reportedly made a significant minority investment in Covetique, a website that buys and sells pre-owned designer dud and was founded last year. ASOS has dabbled in pre-loved resales before via its ASOS Marketplace section, but its buy-in of Covetique signifies the company’s debut effort in the upscale resale arena.
Sources: NY Post, WWD, Fashion Week Daily,
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