Authentic Brands Group sees revitalizing Forever 21 as its gateway to Gen Z 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...
After Story closures, Macy’s tackles new experiential retail concept 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...
Fashion’s new sustainability play: More brands are turning to made-to-order production 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...
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...