Fashion Briefing: More DTC brands are expanding to wholesale through big-box retailers As customer acquisition for direct sales gets increasingly expensive, brands are seeing the wisdom in having a strong wholesale business that can leverage retailers' reach to bring in new customers.
Week in Review: AI backlash, Neighborhood Goods shutters, struggles at HBC This week, we discuss the backlash brands are facing for the use of generative AI, the shuttering of Neighborhood Goods and what it means for DTC brands, and the ongoing trouble facing Saks Fifth Avenue and its parent company HBC as it struggles with liquidity.
Macy’s rejects takeover bid, sets sights on reversing falling sales Arkhouse Management and Brigade Capital Management offered a combined $5.8 billion to buy Macy’s, but on Sunday, Macy's board rejected the offer. It cited both financial concerns and worries that Arkhouse and Brigade don’t have the necessary experience and knowledge to successfully operate a retail company.
Weekend Briefing: Share prices for public companies drop even as revenues grow Last week, a number of fashion brands saw their share prices drop even as their revenues started to return to normal after a slow 2023.
Fashion Briefing: Fashion brands are flocking to Mexico to open stores and factories Kurt Geiger and Levi’s are just two of the fashion brands who are recognizing the growth potential of Latin America as a retail market. The whole region is expect to grow as a retail market by around 9% annually over the next four years. The French government agency Business France...
Week in Review: NRF’s highlights, Uniqlo’s lawsuit against Shein, Pharrell’s latest Louis Vuitton show This week, we talk about the recent boost in U.S. retail sales, the big conversations at the NRF conference, the legal battle between Uniqlo and Shein, and the Western-influenced Louis Vuitton show that kicked off Paris Fashion Week Men's.
TikTok Shop, outlet stores among brands’ new Gen Z-targeting strategies As younger shoppers age into the peak of their purchasing power, retail brands are working to stay on top of how those consumers prefer to shop.
‘Great talent is still critical’: Retail’s labor shortage can’t be filled by AI, execs say Processes like analyzing inventory allocation to stores and analyzing sales trends are all candidates for AI automation. But that doesn’t mean retailers have forgotten about the human element. Multiple executives in attendance at NRF said that talent is more important than ever. According to the U.S. Chamber of Commerce, jobs...
Weekend Briefing: Neiman Marcus, Burberry latest victims of luxury slowdown Last week, luxury’s slowdown continued. In response, some luxury brands may start turning to lower price points.