Why it will be hard for BigCommerce to dethrone Shopify as the DTC platform of choice Shopify has a bevy of competitors, like Magento, WooCommerce, Salesforce, Microsoft Amazon and BigCommerce, which filed for a proposed IPO this week. But no one company yet has emerged as the biggest threat to Shopify's position as the go-to e-commerce platform for DTC brands. Shopify's dominance says a lot not...
After a quiet three months, DTC brands resume launches After months of Instagram posts about how "we're all in this together," and turning their factories into production centers for masks, direct-to-consumer brands are finally starting to return to business as usual. That's particularly evident by the number of new startups entering the market. But they playbook they're following is...
The dream of the DTC exit is fading Despite experiencing unprecedented sales declines, some retailers are still willing to open their wallets. At least, Lululemon proved it was when the athleisure brand announced last week that it was acquiring Mirror, a connected fitness startup that it had previously acquired, for $500 million. The news was largely celebrated as...
How DTC startups fall flat in marketing their values Direct-to-consumer startup founders have found themselves in a number of unprecedented situations over the past three months -- from having to keep their company afloat while stores were closed to having employees confront them about racism within the company. Many of these same startups have also found themselves in hot...
As cities reopen, the DTC store strategy is changing While the first generation of DTC brands waited years to launch retail stores to build up their online business, newer DTC brands have been much more eager to launch stores within their first couple of years in business. Many of them are now cutting back on the number of stores...
As calls for improving diversity increase, many VCs are silent Over the past two weeks, there's been a flood of direct-to-consumer startups issuing statements about steps they will take to better support the black community, and build more diverse companies. But venture capitalists have remained largely quiet. "People are scared -- even though they want to do the right thing,...
The most important thing DTC startups can do is build diverse companies DTC startups have responded to events of the past week in a couple of ways. The first is by affirming their support for Black Lives Matter on social media, and pledging to fight against systemic injustice. Some brands followed that with pledges to donate to organizations like the NAACP Legal...
Stitch Fix considered moving stylist jobs away from California for over a year, according to leaked audio Stitch Fix’s decision to lay off the majority of its California-based stylists is something that the company has been discussing for over a year, the company’s vice president of operations, Minesh Shah told impacted stylists on Monday. In a recording obtained by Modern Retail, Shah said that the layoffs were...
The coming months will make or break the DTC boom Over the past two months, digitally native startups have been some of the biggest beneficiaries of store closures. Part of this growth was due to the fact that shoppers had fewer options. Now, shoppers have more options as stores open back up in more states. The coming months will prove...