The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Parent company Gap Inc. has partnered with Reliance — the country’s largest retailer, with $26 billion a year in annual sales — to open Gap stores and also distribute the label online as well as in other multi-brand retailers.
The long-term deal is just the latest in a series of strategic moves made by Gap Inc. to leverage the Gap brand beyond traditional growth channels. Most recently, it launched a licensed eyewear collection, and began selling Gap Home products at Walmart.
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Is It Time for Gap Inc. to Go Private?
Market share is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
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.