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Andie MacDowell pleased to dress up again | Entertainment News

By Keisha P. Crabtree 11 months ago

Andie MacDowell missed feeling beautiful during the coronavirus pandemic.

The ‘Four Weddings and a Funeral’ star gets a lot of “joy” from beauty but she didn’t have many opportunities to get glammed up while largely isolating at home over the last year.

She said: “Beauty brings a lot of joy into our lives.

“And I think our idea of beauty has expanded and is more original, more creative.

“During COVID, we have missed the opportunity to feel beautiful and it’s made us realise how important it is to our lives.”

The 62-year-old star – who has been a L’Oreal Paris spokesperson for the last 35 years – feels no “shame” in getting older.

She said: “I’ve been working for L’Oreal Paris for more than half of my life.

“It’s been a very glamorous experience and also a dignified experience. Getting older is beautiful. We do not need to feel shame.”

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Pandemic Drove Online Prices Higher -Report | Investing News

By Keisha P. Crabtree 11 months ago

WASHINGTON (Reuters) – The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage and possible evidence that overall inflation may become more persistent than thought, according to a new report from tech giant Adobe.

The study, analyzing a trillion retail site visits across 18 product categories matched to the closely watched U.S. Consumer Price Index that measures general inflation, found that online prices jumped 2.3% in June on an annual basis.

Graphic: Cost of digital goods turns up: https://graphics.reuters.com/USA-ECONOMY/PRICES/lgpdwmjlnvo/chart.png

They had fallen an average 3.9% annually from 2014 to 2019 and began turning higher last year.

For consumers, online shopping “has been a bit of a haven. They can get different pricing,” said Vivek Pandya, lead analyst for Adobe Digital Insights. “Through the pandemic what we have seen is that is not so much the case.”

The online

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Shopify Beats Revenue Expectations on Resilient Online Shopping Trend | Technology News

By Keisha P. Crabtree 11 months ago

(Reuters) -Canada’s e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the COVID-19 pandemic.

“Shopify fired on all cylinders in our second quarter, keeping our merchants well equipped to seize the opportunities presented in a post-pandemic retail era,” said Amy Shapero, Shopify’s chief financial officer.

U.S.-listed shares of Shopify rose 2% in premarket trading.

Shopify’s value nearly tripled over the last year due to unprecedented growth of the e-commerce sector as customers looked towards online shopping as the only viable alternative during the pandemic.

“I think the Delta variant and re-emergence of COVID-19 ends up further ingraining the shift to digital commerce for consumers,” said Ygal Arounian, analyst at Wedbush Securities.

“It is likely that, even if we are not getting full closures, physical shopping is one area consumers pull back on, given how comfortable people have become

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What Fashion Resale Can Learn from Cars and Consumer Electronics | BoF Professional, News & Analysis

By Keisha P. Crabtree 11 months ago

There is little doubt that fashion resale is heating up. ThredUp’s July acquisition of Remix and Etsy’s acquisition of Depop the month before underscore the growing momentum in the space and the increasing size and scale of the players aiming to seize the opportunity.

Since 2019, the market has seen at least 4 IPOs, 13 major new entrants (e.g. platform launches or companies directly entering resale), 14 major brand and retailer partnerships and 6 Resale-as-a-Service start-up launches, according to The Future of Fashion Resale, a report by BoF Insights, a new data and analysis unit at The Business of Fashion.

Yet for all of this recent activity, there is still significant potential upside for secondhand fashion, especially as BoF Insights estimates that only approximately 5-7 percent of resaleable fashion inventory is actually resold around the world today.

Fashion resale might still be in its infancy. But as brands and retailers

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