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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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.
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.