The best way to sell a product is often one-on-one. Doing so has been a key strategy for high-end luxury brands for centuries. And in recent years, with e-commerce booming and emerging technologies including AI chatbots putting more distance between brands and customers, those connections are more important than ever.
“You don’t have endless money,” Union said, speaking at the Glossy Beauty Pop event in Los Angeles on March 13. “If you’re selling wholesale, you might have a 25,000 order minimum with the retailer for each SKU. And if you sell out of the SKUs, you need to buy more...
Fast fashion is getting faster than ever. As companies like Shein standardize dirt-cheap prices and ultra-fast turnaround times, a growing number of brands are looking backward, investing in the kind of slow, traditional craftsmanship that has become increasingly rare.
Fashion brands across the industry are cutting costs, laying off employees and closing stores to make up for falling revenue.
This week, Express is reportedly on the verge of declaring bankruptcy. Meanwhile, PVH Corp and its subsidiary brands Calvin Klein and Tommy Hilfiger had a tough earnings report, and Amazon laid off dozens from its physical retail technology division.
With retail rent prices climbing, pop-up stores are an increasingly attractive prospect for brands looking to expand their physical presence. But for luxury brands, pop-ups present unique challenges: How does one present a premium luxury experience in a temporary space? And how can a brand ensure its high-value goods are...
The 1916 Company is plotting a new course for growth. New CEO John Shmerler's plan to unify the company's various businesses hinges on retail expansion. The company already has 20 stores, and two more will open this year.
Last week, a number of print media outlets seemed poised to make a comeback, though print media circulation is still down. So what's driving companies including LVMH and Bedford Media to invest in reviving old properties?
This week, we talk about the swift appointment of Alessandro Michele as the new creative director of Valentino. We also talk about H&M’s strategy, following its stellar earnings announcement, and U.K.'s new guidance about greenwashing by fast fashion brands.