At a time when much of retail is moving away from brick-and-mortar stores in favor of e-commerce, Calzedonia is among the exceptions. Simonato said he still believes that brick-and-mortar is important, especially for Calzedonia, which has always done far more of its business through physical retail than online. Global online...
Freitag's opposition to Black Friday is a principled one, stemming from its overall sustainability goals and an objection to the mass consumption around the holiday. Brands like Allbirds, several retailers in France and beauty brands like Deciem have also said they won’t be participating in the shopping holiday. Instead, they’re rolling...
While the benefits of owning Supreme are obvious, like its legions of dedicated fans who will camp out for hours to get the latest drop, there’s also a more mundane reason. VF has spent the last year shifting the business models of its various brands to focus more strongly on...
It’s a major move for all parties involved, significantly expanding Farfetch’s reach outside of the U.S. and Europe, adding potentially hundreds of new brands to Tmall’s platform through Farfetch and giving Richemont yet another stronghold on luxury e-commerce compared to its main rivals LVMH and Kering. But also impacted will be...
The rezoning plan would significantly open up the SoHo neighborhood to new development. While the initial plan was revealed months ago, only now are the full details of the city's plan being processed by brands and community activists, with details emerging that have implications for retail in the neighborhood.
Retail has suffered in the last few months, particularly big shopping centers. Malls have seen declining foot traffic, retailers bowing out and an increased consumer preference for e-commerce. While in-store holiday attractions are usually a big draw, this year they may not be enough to convince consumers to risk entering...
The massive upswing in e-commerce shopping this year, spurred by the closure of stores for several months, has been a nightmare for shipping services. FedEx’s CMO Brie Carere said the company has seen Black Friday/Cyber Monday levels of delivery needs practically every day since March, a sentiment echoed by e-commerce...
Tapestry had a good first quarter of its 2021 fiscal year, slowly climbing back toward profitability over the last three months, the company reported on Thursday. But like many others in the fashion industry, Tapestry’s relative growth hasn't come from increasing sales -- in many areas, sales are still still down...
With the holidays approaching, brands and retailers are starting to put out their annual gift guides. The commonly used marketing tool offers a good entry point for new customers and often works to push existing customers over the line to make a purchase. But this year, the holidays are coming...