On Thursday morning, representatives from more than a dozen fashion tech startups were in attendance at the New York Stock Exchange where luxury retailer Farfetch led a full day bootcamp. Speakers like John McPheters, co-founder of Stadium Goods, and Jeff Fowler, president of Americas for Farfetch, led discussions and gave...
In June 2017, feeling pressure from the success of online luxury platforms like Farfetch and Net-a-Porter, LVMH launched its own multi-brand home for e-commerce: 24 Sevres, which was later renamed to 24S. But in the two-and-a-half years the platform has been in existence, the platform has gone through a rebrand...
The past month has seen a number of shake-ups in the world of fashion public relations, with multiple agencies either voluntarily closing up shop or shutting down because they couldn’t keep the business afloat. But fashion PR isn’t dying, it’s just evolving.
Feit is one of many young brands eschewing the VC business model of immediate short term growth, and instead is looking to emulate brands like John Lobb and Berluti, who treat their shoes like investments that can last decades. The model is meant to cultivate lifelong loyalty and build up...
On Wednesday, Banana Republic began offering on-demand delivery service Postmates to make same-day deliveries directly to customers’ doors, as an extension of its buy-online, pick-up in-store initiative. While this is the first partnership with an on-demand service for Banana Republic, the idea of working with same-day delivery platforms like Postmates...
When Forever 21 went bankrupt at the end of 2019, it was clear what the issues were: The company had over-extended itself to 800 stores without the foot traffic and revenue to support them. But Authentic Brands Group, which just acquired the company in a joint venture with Simon Property...
This week, Macy’s opened its newest store in Southlake, Texas. It's the first in a new store concept for the retailer called Market by Macy’s, which focuses on a smaller footprint, localized product and content, and a heavier emphasis on experimentation and experiences. It’s the first iteration of a new...
Brands like Ultracor and Alton Lane are focusing on made-to-order as a way to take more direct control of their inventory and reduce the problem of overproduction that is common among fashion brands. Through a focus on in-house manufacturing and smarter applications of technology, these brands are able to make...
In early February, boot brand Ariat co-founder and CEO Beth Cross said that, in the short term, the coronavirus would have an impact on the way fashion businesses operate. But if the crisis were to continue, she said, it would mean big hits to sales for fashion at large. Nearly...