J.Crew Store Reopens in Soho
The American apparel chain will reopen a womenswear store in the retail neighbourhood since its last location closed in 2018.
Why Some Consumers Find Sustainable Marketing So Annoying
Overconsumption and fast fashion have become easy targets for brands flexing their climate-friendly attributes. Consumers may agree with the message — but take issue with a self-righteous tone.
Fashion’s Stalled Self-Checkout Revolution
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
Is the FTC Really Going to Stop Tapestry and Capri From Merging?
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
How Rent the Runway Came Back From the Brink
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
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For Struggling Public Companies, Going Private Is No Panacea
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
Retail
Why Esprit’s Ambitious Rebrand Fell Short
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
Why Esprit’s Ambitious Rebrand Fell Short
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
Retail
How Hudson Yards Defied Its Haters and Became New York’s Top Mall
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.
How Hudson Yards Defied Its Haters and Became New York’s Top Mall
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.
Retail
Innovation Won’t Save Department Stores. The Right Products Will.
To survive in the long run, the likes of Macy’s and Nordstrom need more than new ownership structures or retail formats; they must reinvent their entire value proposition with a selection that can compete with online fast fashion and off-price players.
Innovation Won’t Save Department Stores. The Right Products Will.
To survive in the long run, the likes of Macy’s and Nordstrom need more than new ownership structures or retail formats; they must reinvent their entire value proposition with a selection that can compete with online fast fashion and off-price players.
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What a Fashion Company Is Worth Today
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
Pressure Eases on Nike, But Problems Remain
The sportswear giant posted flat sales in its latest quarterly report, beating Wall Street expectations. To fully recover, the business must demonstrate greater product innovation, analysts say.
Temu’s Ad Blitz Is Working
Spending data shows millions of consumers are shopping on the Chinese app after seeing its ubiquitous marketing. Worryingly for competitors, customers appear to like what they’re seeing.
Wall Street Loves The RealReal’s New Direction. Users Have Mixed Feelings
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.
The News in Brief
Gap Names PepsiCo Exec as Global Chief Marketing Officer
Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions.
EBay Expands Fashion Consignment
The peer-to-peer marketplace will now offer the more convenient option of selling pre-owned luxury clothing on sellers’ behalf.
The RealReal Reaches EBITDA Profitability
The resale platform saw revenue drop 10 percent in the fourth quarter of 2023, but met its profitability benchmark by prioritising consignment margins.
Amazon Europe Launches Resale with Hewi
The Hewi partnership marks the first time shoppers in the UK, Germany, Spain and Italy can purchase resale on the e-commerce website.
Retail Start-Up Neighborhood Goods Shutters All Four Stores
The multi-brand chain launched in 2018 as a solution for digital brands too small to commit to wholesale or traditional retail leases.
Gap Inc. Announces C-Suite Additions
The retailer has named Eric Chan as its new chief business and strategy officer and Amy Thompson as chief people officer.
Rent the Runway Lays Off 10% of Corporate Staff
The restructuring will allow the company to direct more resources toward growth, CEO Jennifer Hyman said.