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.
Emerald Holding, a company that hosts business-to-business events, has purchased Bulletin to be part of its retail trade show entity, NY Now, the companies announced Wednesday, July 13.
Bulletin, an online wholesale marketplace that connects brands with independent boutiques across the country, is one of several startups digitising the multi-brand retail sector. Its competitor Faire raised $400 million last fall at a $12.4 billion valuation. Both companies are capitalising on the resurgence of local, independently-operated retail — a trend accelerated by the pandemic.
Bulletin’s network of 3,000 brands will now have the chance to be showcased at NY Now’s twice-a-year trade shows in New York City.
“We see a massive opportunity to combine the efficiencies of our leading digital platform with the pure magic of an iconic in-person event,” Alana Branston, Bulletin’s chief executive and co-founder, said in a statement.
Learn more:
The $12 Billion Start-Up Proving Wholesale Is Thriving
A $400 million investment in Faire, which pairs brands with retailers, is a sign of how multi-brand stores are here to stay after a decade where direct-to-consumer brands dominated the conversation.
The brand’s quirky running sneakers are no longer a novelty as rivals like Nike, Adidas and On launch similar styles. Yet sales continue to soar as consumers embrace its winning formula of comfort, versatility and unconventional looks.
As digital advertising costs climb, fashion brands are embracing events like in-store happy hours, trunk shows and parties in various formats to generate brand awareness and drive sales.
The activewear brand’s revenue rose 24 percent year-over-year to $2 billion, reflecting growth driven by China, a successful loyalty programme and new categories
In a post-Covid retail landscape where consumers are seduced by the convenience of e-commerce, brands are introducing technology in store in an attempt to replicate that ease.