‘The pressure’s on’: To compete for holiday shoppers, digitally native brands are opening stores Vying for shoppers’ attention at a time when discounts and promotions are running rampant, DTC brands -- which are often discount-averse -- are centering their fourth-quarter marketing strategies on launching pop-ups and opening stores. Many are entering physical retail for the first time.
Glossy+ Briefing: Nordstrom weighs customer convenience versus in-store experience Jamie Nordstrom, Nordstrom’s president of stores, explained the company’s customer-centric approach for its NYC flagship, which opened Thursday, by contrasting it to a common retailer-centric approach. “Retailers in the past have worked like grocery stores that always put the milk in the back of the store: They want you to walk...
‘The place to find something cool’: How an indie-brand mindset is leading Nordstrom’s reinvention The classic department store model hasn’t aged well. Online shopping has stolen department stores’ thunder, to say the least, better delivering on their defining factor of a variety of brands, conveniently sold in one place. To evolve, 118-year-old Nordstrom is largely following the go-to playbook of many heritage companies. It’s...
Glossy+ Briefing: Rebecca Minkoff’s new loyalty program rewards Instagram followers On Wednesday morning, Rebecca Minkoff sent an email to customers announcing a “new” loyalty program, RM Rewards -- technically a phase two of a program set up last year.
‘Our customer wants more personalization’: Insights from the Glossy Forum Fashion and beauty brands big and small are rethinking their retail strategies, as e-commerce sales ramp up presenting new competition and challenges. At the Glossy Forum: The Age of E-Commerce in NYC, executives discussed what’s weighing on their minds, including how to use data effectively, how to navigate new sales...
‘Email is driving 30-40% of our business’: Overheard at the Glossy Forum We gathered some of the best speaker and attendee comments of the day, including those on navigating the wholesale partnership, keeping up with new standards of the online experience and fine-tuning the marketing focus as competition across channels heats up.
How Fabletics used data science to hit $400m in annual sales Fashion is becoming a game of data science -- the brands that can connect the data points best, win. Earlier this month, Stitch Fix, which employs a team of astrophysicists, reported in its 2019 fourth-quarter earnings a 9% year-over-year increase in net revenue per active client, marking its fifth consecutive...
Why the mall of the future will be void of fast-fashion retailers Speed is no longer unique to the “fast fashion;” every brand is now working to be fast, largely to compete with Amazon. Second, e-commerce is the path of least resistance for shoppers, and fast-fashion brands have historically thrived in physical retail. And finally, mall developers are being more choosy about...
‘Fashion-tech is silly’: Inside the industry’s shift to customer-focused technology Fashion’s relationship with technology has far surpassed fashion-tech.