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.
The tie-up is another sign of retail’s ongoing evolution in a challenging environment. It’s the first time the Comme des Garçons-owned concept store has partnered with another retailer to establish a shop-in-shop, expanding its reach while lending Nordstrom the benefit of its brand.
For the next six weeks in New York, Los Angeles, Vancouver and online, Nordstrom’s Space boutique, which typically stocks a mix of emerging and established brands such as Comme des Garçons, Wales Bonner, Jacquemus and Marine Serre, will feature the seven labels supported by Dover Street Market Paris, Dover Street Market’s platform for emerging designers. These include New York collective Vaquera, Gosha Rubchinskiy-founded label Rassvet, and Singapore-based Youths in Balaclava.
The collaboration comes at a time of expansion for Dover Street Market. In late February, it opened a “Little Market” in Paris for its Dover Street Market Paris brands, and last month secured a long-term lease for a new retail hub in the city’s Marais district.
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.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.