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British online fashion retailer makes bid for Nasty Gal
Los Angeles-based Nasty Gal, which filed for bankruptcy protection in November, may soon have a British owner. Boohoo.com is bidding $20 million (£16.3 million) for the brand and its customer databases as the “stalking horse” candidate. Based in Manchester, England, Boohoo specializes in fast-fashion and targets teens and young women, the same audience as Nasty Gal. -
Plenty of people shopped on Christmas Day
Nothing like doing a little shopping as presents are being unwrapped. E-commerce traffic volume on Christmas Day shattered all previous records according to Verizon Enterprise Solutions’ Holiday Retail Index report. The report finds that traffic continued to build into the Christmas weekend, and reached feverish pitch on Christmas Day which also coincided this year with the first full day of Hanukkah.

