Weekend Briefing: Every platform wants to be TikTok Last week, Amazon announced a new feature in its mobile app meant to mimic the interface of TikTok, making it the latest of many platforms aiming to copy TikTok’s success. Elsewhere, excess inventory is causing headaches for big retailers, and Wolverine World Wide is giving up on Keds.
Fashion Briefing: Inside the unregulated world of Reddit fashion resale This week, a look at risky but rewarding watch trade on Reddit, as well as a review of 2022's biggest news in sneaker resale.
Week in Review: Stitch Fix earnings, Jordan’s new flagship and the future of resale This week, Stitch Fix reported below-expected revenues, possibly indicating a flaw in its recommendation-based business model. Elsewhere, Jordan Brand is getting its first flagship as Nike tests letting the sub-brand stand on its own, and new funding in the brand-owned resale world signals a changing secondhand landscape.
Can Rolex’s new resale program and booming secondhand market coexist? As Rolex begins to certify second-hand watches for sale through its authorized dealers, like the watch retailer Bucherer, the third-party platforms may see some of their most lucrative business taken away.
‘Lose money, keep the customer’: Brands are strategizing to lower the impact of holiday returns More than 60% of U.S. brands and retailers have changed their return strategy or policies this year.
Weekend Briefing: More layoffs may be coming across the fashion industry Last week, layoffs came to fashion, the economic outlook continued to look bleak, American designer Tremaine Emory announced a partnership with Dior, and Kanye West sealed his fate.
Week in Review: H&M layoffs, Savage x Fenty lawsuit and the Balenciaga controversy This week, layoffs hit H&M as the company sees rising costs, and Savage x Fenty settled a consumer protection lawsuit centered on misleading its members about payments. Also, a deep dive into the Balenciaga controversy and what it means for the future of the brand.
EBay’s efforts to grow its luxury business are paying off To bring in the luxury customer, eBay has introduced a number of features and made a big marketing push, including bringing in big-name influencers and creating a dedicated social presence for eBay’s luxury initiatives.
The Balenciaga controversy, explained On their own, each ad is strange, but both being released so close together caused an uproar that led the brand to pull both campaigns, sue the agency, lose out on awards and issue multiple statements. Here’s a breakdown of how it happened and what it means for Balenciaga’s future.