Two years in, LVMH’s 24 Sèvres has a new name and a new focus on international shoppers In the two years since LVMH launched its multi-brand e-commerce platform 24 Sèvres, the luxury group has learned a lot from its big foray into online shopping and is rebranding the platform to fit. The most important takeaway: international audiences are LVMH’s biggest online consumers.
‘There was almost a bit of arrogance’: Why Topshop failed in the US Late last year, the company posted an annual loss of $14 million. What's more, CEO Philip Green was embroiled in a sexual harassment scandal that caused the company to lose lucrative partnerships, including with Beyonce-owned brand Ivy Park, which Topshop helped launch. Topshop’s failure to sustain itself in the U.S....
The long, slow fall of Lord and Taylor The world of department stores is facing rough seas. One company that has been hit particularly hard is Hudson’s Bay Company, the Canadian owner of retailers including Saks Fifth Avenue that announced plans earlier this month to sell the floundering Lord & Taylor brand. Here, a look at the retailer's downfall.
‘The relationship between brands and consumers has flipped’: Insights from the Glossy Summit Last week at The Glossy Summit in Miami, fashion brands, both big and small, came together to speak frankly about the challenges they’re facing and what they are doing to evolve.
‘We’ve always been about pushing other people’s stuff’: Highsnobiety begins its e-commerce transformation Highsnobiety, the streetwear media company founded by David Fischer in 2005, is finally making the move from a pure media brand to a full-fledged e-commerce platform.
‘The power is now with the consumer’: Overheard at the Glossy Summit At the Glossy Summit in Miami, executives from across the fashion, beauty and luxury worlds converged in Miami to discuss how the industry is evolving and transforming.
Richemont’s costly e-commerce investments lead to a tenuous boost Net-a-Porter and Watchfinder have been significant boosts to the company’s overall earnings, but have only begun to justify the massive costs associated with acquiring and operating them.
‘It’s more expensive not to do it’: DTC brands are using wear testing to get feedback and avoid mistakes Not long ago, customers had little input on what brands made, according to Ministry of Supply’s Aman Advani. But now, thanks to new technological tools and programs that involve consumers, like wear testing, that relationship is totally different.
‘They have one goal, take over the world’: How independent eyewear brands compete with EssilorLuxottica Back in March, tensions between Essilor, the massive French lens manufacturer, and Luxottica, the equally massive Italian frame manufacturer, erupted over a dispute regarding the merging of the two companies that was established in 2017. Both sides publicly accused the other of trying to unfairly dominate the joint company in...