Glossy Research: 62% of brands and retailers say sales are back to pre-pandemic levels The Roaring ’20s are here, according to brands and retailers. In a new Glossy and Modern Retail survey, 62% of brand and retailer workers said their company’s sales are at pre-pandemic levels. Of those, 36% said their sales hadn’t slid at all during the pandemic, and 26% said their sales went...
Fashion Briefing: 3 ways fashion brands are getting in on gaming This week, an in-depth look at the current go-to gaming strategies of fashion brands.
Vanterra Capital’s Steven Himmel on growth vs. profitability: ‘At the end of the day, cash is king’ Vanterra Capital was better positioned than many businesses going into 2020. “The pandemic just pushed us to double down on our thesis,” said Steven Himmel, partner at Vanterra Capital, on the latest Glossy Podcast. “Everything that we were focused on before is even more relevant today." With its venture-specific fund,...
Fashion Briefing: Can knitwear bring back fashion jobs to the U.S.? This week, we look at the potential for a Midwest fashion capital via a knitwear factory and the progress around circularity in fashion, as brands work harder to facilitate recycling.
Mickey Drexler on the rise of WFH: ‘Never coming to work is a serious problem’ Heading up a startup, as opposed to a large corporation, has its pros and cons, said Mickey Drexler. The one-time CEO and chairman of J.Crew Group and CEO of Gap Inc. is now executive chairman of Alex Mill. The fashion brand was founded in 2012 by his son, Alex Drexler. "When...
Fashion Briefing: How brands are gaming the crowdsourcing process People are both spending more time on their mobile screens and engaging in online gaming. For fashion brands and retailers, it’s a much-needed opportunity to crowdsource.
Aviator Nation’s Paige Mycoskie on the right retail location: ‘Don’t put all your eggs in the tourist basket’ When Paige Mycoskie launched 15-year-old fashion brand Aviator Nation, she was looking to solve her own pain point. “I was most excited to wear vintage clothing -- stuff that was made in the ’70s and early ’80s. And so I found myself looking for clothes at flea markets and thrift...
Fashion Briefing: Gap’s sale of Intermix spotlights increasing competition for luxury shoppers On Tuesday, multi-brand luxury retailer Intermix announced that private equity firm Altamont Capital Partners had entered an agreement with Gap Inc. to purchase Intermix for an undisclosed sum. Gap has been vocal about its focus on its billion-dollar brands since selling off its proprietary Intermix competitor Piperlime in 2015. At...
Wishi’s Karla Welch and Clea O’Hana on the demand for stylists: ‘People have forgotten how to dress’ When Karla Welch and Clea O’Hana launched fashion styling app Wishi in 2019, the idea was to democratize the fashion styling experience, which is usually reserved for celebs. “Karla’s dream was to bring styling to everyone,” O’Hana said, on the latest Glossy Podcast. “It’s a great partnership -- because I...