Bandit Running’s first store is half runner’s rest stop, half fulfillment center The storefront provided the perfect opportunity to capitalize on cheaper customer acquisition and have a physical space for fulfillment. Right now, around 50% of store will be dedicated to online order fulfillment space and the other 50% for sales.
Jordan’s new retail concept brings it closer to luxury brand status On December 16, Nike opened the first Jordan flagship, in Milan, under a new retail concept called World of Flight. It's an attempt to capture a broader luxury audience.
Weekend Briefing: New greenwashing guidelines are coming from the FTC Last week, after years of inaction, the FTC announced that new revisions are coming to American greenwashing laws. Also, Prada ended its CEO search, appointing an ex-Dior executive to the role. And the ports on the West Coast finally cleared up — but now business to those ports is dropping...
Week in Review: Fast fashion stays winning, what’s driving luxury, Gucci’s first show without Michele This week, fast fashion companies Zara and Shein posted big earnings, even though the downsides of fast fashion are known. Elsewhere, young adults are fueling luxury’s growth in the U.S. and the U.K. And Gucci will debut its first show without Alessandro Michele — or any creative director at all...
Contemporary fashion brands are invading the luxury-dominated skiwear market It’s not unexpected that brands like Louis Vuitton or Armani would enter this category, since skiing has long been associated with the glamorous and wealthy upper crusts. But increasingly brands with more mass appeal are beginning to put out ski collections, as well.
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.