E-Commerce Traction Boosts Farfetch Revenue Over 74 Percent in Q2 2020

Though most fashion-adjacent brands ranging from Tapestry, Inc. to Nike have faced downturned financials in the wake of the ongoing COVID-19 pandemic, not every label has faced tough times. Thanks to Farfetch's dominating e-commerce presence and cadre of popular brands, the digital fashion platform saw booming business during the pandemic, actually boosting revenue by over 74 percent to over $364 million USD.These strong numbers were driven by digital platform service and brand platform revenues...