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.
Retail’s Darwinian shakeout over the last year has consolidated market power in the hands of dominant e-commerce players, like Amazon, Walmart and China’s Alibaba. But a brand, even if small, can still be mighty. The key is focus and finding a relevant niche, retail futurist Doug Stephens told BoF VOICES.
“In the post-pandemic retail era, purpose will be the new positioning,” Stephens said in a virtual presentation at BoF VOICES. What will be your brand’s reason for existing, he asked.
Stephens outlines 10 reasons why retail should exist in 2021 and beyond, from product education to activism.
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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.