When Lord & Taylor filed for bankruptcy on Sunday, along with its owner Le Tote, it became the latest in a long line of department stores recently reporting bad news. The pandemic has only hastened what was already becoming clear: The era of the department store is on its way...
The platforms are working to get more brands, especially newer ones, using their tools, facilitate wholesale relationships and assist in revitalizing wholesale at large, said Heath Wells, co-founder of online wholesale marketplace NuOrder.
There’s a combination of factors at play for why reopened stores haven’t translated to restored sales. Kering’s CFO Jean-Marc Duplaix said it was due to a lack of travel to Western Europe, which normally accounts for 65% of sales in that region.
"There's a lot of inventory out there, and people are looking to marketplaces to move it for them -- especially because traditional wholesale models are struggling so much," said Naadam founder Matt Scanlan. "For brands, you look for more places to get distributed because there are few other options out...
The past few years have seen DTC brands in an arms race of valuation, where VCs and investors have pushed for faster and faster growth, often at the expense of long-term sustainability and profitability. But the pandemic has changed that, according to Gorjana Reidel and Jason Griffin Reidel, co-founders of...
Brands and resellers in streetwear have often had an unspoken, mutually beneficial relationship, but there have been rifts in the past. By ignoring TikTok now, brands could lose out both on driving sales and owning their brand's voice on the platform.
A few months ago, Andres Dorronsoro, svp and gm of merchandising at Old Navy, realized that the brand had plenty of options for young kids, teens and adults, but the pre-teen or “tween” market -- ages 10-13 -- had been underserved. To that end, on Monday the company launched its...
La Ligne is one of many brands that has realized face masks' potential. Never before has an entirely new category of apparel become, practically overnight, an essential part of nearly everyone’s daily wardrobe, Howard said. What began as a medical necessity is slowly morphing into a new accessory, subject to...
Glossy spoke to a young Black woman, who has had three internships in the industry in the last year, to talk about what effect unpaid work has on fashion’s diversity problem and on the young generation of future fashion workers.