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.
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The traditional wholesale business model has been under assault for years, but the e-commerce boom brought about by the pandemic has created a new level of pressure for department stores. As major retailers like Neiman Marcus cycle through Chapter 11 restructuring, established online rivals are being joined by new entrants like Behold and The Yes, all jostling for market share.
“We are in the transformation that the music industry went through a couple of years ago,” said Stefan Siegel, founder of online marketplace Not Just a Label. “The cake is being split in a way that [many] more people and artists have a chance to be listened to.”
But in the midst of a drastically changing retail landscape, can these platforms offer brands the same exposure, scale and opportunities for revenue generation as traditional multi-brand retailers? To discuss the issue in more depth, BoF’s Lauren Sherman spoke with Siegel, along with Julie Bornstein, founder and chief executive of The Yes, and Lauren Chan, founder and chief executive of luxury plus-size workwear brand Henning.
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Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
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.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.