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 Amazon-owned footwear wholesale site debuted a landing page for women’s workwear label M.M.LaFleur as part of a push to offer more direct-to-consumer labels and apparel on its site during a challenging time for footwear sales. Research firm NPD Group reported fashion footwear sales declined by 25 percent in the first quarter of last year and was among the hardest hit categories of the pandemic.
The tie-up also saw Zappos donate $25,000 to women’s job training charity Dress for Success, according to Glossy.
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.