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 retailer, which acquired the off-price site for $270 million in 2011 at the height of the flash sales boom, said in a presentation to investors on Thursday that it would “sunset” the brand as it focuses on Nordstrom Rack. (It did not give a time frame for the closure.)
The company said Hautelook gave it an early advantage online in off-price as many competitors are only now ramping up their digital presence. Nordstrom generates more than $1 billion a year in off-price e-commerce.
The news follows Hudson’s Bay Co.’s 2018 decision to sell off Gilt Groupe, which it bought for $250 million just two years earlier, to competitor Rue La La.
For its latest apparel collection, the brand will cap prices on items the faster they sell. The idea is to make fashion more accessible — and future inventory easier to plan.
Vying for attention from increasingly sophisticated consumers impacted by the downturn, fashion brands and retailers need to deliver exceptional in-store experiences. To discover how store interior design is innovating to increase sales and community engagement, BoF sits down with Invisible Collection co-founder Isabelle Dubern-Mallevays.
Nike and On are dominating the sneaker category today thanks to their focus on performance-driven products and discipline in their direct channels.
For 15 years, the canvas sneaker giant rode a wave of teen demand for its classic styles, only to find itself on the outs when customers moved on to more innovative footwear. Will its new products drive growth again?