How Pair of Thieves built a $100 million wholesale business Ten years in, Pair of Thieves does over $100 million in revenue and has a presence in over 4,000 Walmart stores and all of Target’s nearly 2,000 stores. Its wholesale revenue makes up about 80% of the business, and it has never taken any outside investment. Young brands often find...
Weekend Briefing: The Devil Wears Prada sequel returns in a very different fashion media landscape Last week, news broke that Disney is reviving “The Devil Wears Prada” — but the fashion media landscape has changed a lot in the 12 years since the original film was released.
Week in Review: Burberry layoffs, Saks’s parent buys Neiman Marcus, Shein x Monse This week, we take a look at the layoffs at Burberry and what it says about the state of British luxury, the landmark acquisition plans for Saks Fifth Avenue parent company HBC to buy Neiman Marcus, and the surprising collaboration between Shein and Monse.
Fashion Briefing: SoHo and Madison Avenue are oversaturated. Here are the next NYC retail destinations to know SoHo is one of the most expensive places in the city to open a store. When Sasha Chou, founder of the independent beauty and personal care brand Mumu Bath, was looking to open her first store, she found leases in SoHo to be in excess of $14,000 per month. She...
How owning its manufacturing drove Buru’s profitable growth Buru owns its own “microfactory” in Los Angeles where a team of 40 people including sewers and pattern makers assemble the brand’s small batch dresses, jackets and tops. The vertical integration allows for all sorts of benefits, including shorter production times, no delays in receiving products due to shipping problems...
Weekend Briefing: Olympics strain and a snap election put France in an uncertain spot Financial stock prices in France were down when Macron first announced the election as investors predicted gridlock and market disruption. However, they bounced back earlier last week when pollsters first began reporting results. But analysts are still predicting a chaotic time ahead for France’s finances. Multiple potential scenarios — including...
Congestion pricing would benefit Manhattan’s retail scene, experts say In mid-June, just weeks before a new congestion pricing policy was to go into effect in New York City, governor Kathy Hochul made an abrupt about face, pulling support for the program and putting it on hold indefinitely. But congestion pricing would actually have a beneficial impact on businesses in...
Weekend Briefing: Mass fashion stalwarts like Nike and H&M face stiff competition Last week, major mass fashion brands like Nike and H&M stumbled amid stiff competition from newer rivals.
Lanvin is trading experimentation for stability with new artistic director hire The lack of strong creative leadership has led to a flat period for Lanvin and its parent company Lanvin Group. As of last summer, the brand’s sales were down 10%, and by the beginning of this year, the entire group’s revenue had grown only 1% from quarter to quarter.