TikTok Shop Tops 500,000 US Sellers After 2023 E-Commerce Launch
E-commerce is seen by the company as its next big potential revenue source as well as a way to keep users spending time and money on its app.
TODAY'S MUST READThe DTC bust of the past two years has casted a cloud on the sector, but emerging fashion brands with a better handle on supply, demand and customer retention are seeing profitable growth.
- Early stage start-ups are determined to avoid the fate that’s befallen their predecessors, taking voracious steps to profitably grow sales in a market that demands nothing less.
- One strategy is including consumers in the product development process to ensure they’re making what they know they can sell.
- The brands seeing massive growth are developing subscription services that ensure recurring revenue for them and ongoing incentives for their customers.
TODAY'S MUST READThe DTC bust of the past two years has casted a cloud on the sector, but emerging fashion brands with a better handle on supply, demand and customer retention are seeing profitable growth.
- Early stage start-ups are determined to avoid the fate that’s befallen their predecessors, taking voracious steps to profitably grow sales in a market that demands nothing less.
- One strategy is including consumers in the product development process to ensure they’re making what they know they can sell.
- The brands seeing massive growth are developing subscription services that ensure recurring revenue for them and ongoing incentives for their customers.
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The News in Brief
Tapestry-Capri Deal to Face September Hearing
The preliminary injunction hearing on the US Federal Trade Commission’s bid to block Tapestry’s attempted takeover of rival Capri will likely last a week and a half, the judge said.
Shein Wants to Sell Skincare, Toothpaste and Toys, Too
The online fast fashion retailer is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year.
Condé Nast Union Threatens Strike Ahead of Met Gala
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
L’Occitane Announces Privatisation Offer
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
Vinted Moves Into Profit After 61% Sales Rise
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
Spain’s Puig Sets IPO Price Guidance at Top of Range
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
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