With new players like Shark and Dyson making blow dryers and stylers, the hair tools segment is in the midst of an innovation push the likes of which it hasn’t seen in decades.
TODAY'S MUST READThe luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
- In an interview with BoF, John Koryl, who became CEO in February, laid out a strategy built around convincing the site’s users to send in more big-ticket items and offering a personalised concierge service.
- As The RealReal scaled in the past decade, losses continued to mount. Koryl and his team said the company will reach profitability in the first quarter of 2024.
- To reach this goal, The RealReal is also exploring new revenue streams, such as product warranties, return insurance and monetising data.
TODAY'S MUST READThe luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
- In an interview with BoF, John Koryl, who became CEO in February, laid out a strategy built around convincing the site’s users to send in more big-ticket items and offering a personalised concierge service.
- As The RealReal scaled in the past decade, losses continued to mount. Koryl and his team said the company will reach profitability in the first quarter of 2024.
- To reach this goal, The RealReal is also exploring new revenue streams, such as product warranties, return insurance and monetising data.
International buyers and talent scouts must cast their nets wider than the usual fashion week incubators, prizes and schools to find the country’s next crop of emerging brands.
Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing would hold strong even as inflation drags consumer spending.
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.
Next Plc has agreed to buy fashion and homeware brand Cath Kidston after the chain collapsed into administration in another casualty of Britain’s cost-of-living crisis.
Adidas AG and pop star Beyoncé have reportedly ended their partnership following disappointing sales, just as the German sportswear maker struggles with the fallout of the collapse of its Yeezy shoe alliance.
Burberry is paying €21 million to acquire a business unit from longstanding supplier Pattern, allowing the company to bring product development for technical outerwear in-house.
Brazilian cosmetics maker Natura & Co is seeking to cut executive pay by 32 percent as part of an overhaul aimed at restoring investor trust.
Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum.
The Pay Your Workers coalition said international brands should commit to pay suppliers on time, take steps to address wage theft and make sure factories don’t reopen until they are safe.