A record number of shoppers will do their holiday shopping online, causes range from the inanity of black Friday, to gas prices, to an overall growing confidence in e-commerce methods. The numbers, as reported by consultancy Deloitte, should be up to 71 percent with apparel reaching the second most popular gift giving category.
Speaking of Black Friday, H&M's New York and San Francisco flagships will be open 24 hours on the biggest shopping day of the year. H&M attributes their decision to the success of last year, when the New York store held around the clock hours.
(Speaking of the success of H&M, Rei Kawakubo drew a three-day wait this week when her collection for the mass retailer opened in the Harajuku district of Japan)
In other news...Michael Kors took his contemporary shoe business in house, Harold's (not Harrods), the high-end Dallas based retailer, filed Chapter 11 and a 24 hour Paper pop-up (say that three times as fast) in Los Angeles hosted in-demand vendors such as Rodarte and Jeremy Scott--no news on whether they sold everything but they did have a 1400 dollar sale at 4am during the event.