How the impact of the coronavirus is affecting luxury fashion sales 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...
New luxury authentication tools are set to put pressure on top resale companies With independent sellers lacking the capital and infrastructure needed to independently compete on authentication and pricing, third-party companies are popping up, offering the necessary tools for a price.
NYFW Briefing: Fashion week is still relevant for young designers For newer and younger designers, fashion week is still an important milestone -- a way to show they've made it, several agreed.
The volatile retail landscape is hitting retail employees the hardest The ongoing shakeups in the retail world have had major effects on department stores and retailers across the board, but it’s always the employees and workers, the people who actually operate those stores day in and day out, who end up feeling the biggest impact.
Fashion brands are developing deeper relationships with rental platforms In the last year, the major rental platforms have increased the ways they work with brands, offering them more partnership options, more control and more ways to get in on the benefits of the booming rental economy.
‘CMO Clubs’: Portfolio brand leaders are looking to counterparts to solve problems For leaders at brands that are part of a portfolio, like the various brands owned by Gap, their fellow brands offer a helpful resource: counterparts in the same positions. Increasingly, leaders at these portfolio brands are forming groups with their counterparts -- i.e., the CMOs of every brand -- to...
Coronavirus restrictions are taking a toll on fashion brands As the Coronavirus continues to spread, fashion brands across categories are seeing the effects in the form of store closures, travel restrictions and a forced change in the way they work.
‘The winds are changing’: Why more DTC brands are rejecting VC capital Richer Poorer has now joined the ranks of a small but growing section of the DTC pool that has rejected the common VC model based on massive initial growth, inflated by big marketing budgets.
‘Resale and retail can peacefully coexist’: Inside Nordstrom’s long-term resale plans For years, retailers’ prevailing attitude toward resale and rental platforms was one of non-acknowledgement or distrust. But increasingly, that's evolved to “If you can’t beat them, join them.”