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 author has shared a YouTube video.
You will need to accept and consent to the use of cookies and similar technologies by our third-party partners (including: YouTube, Instagram or Twitter), in order to view embedded content in this article and others you may visit in future.
NEW YORK, United States — Well before the pandemic hit, multi-brand retailers, and the designers who partner with them, were already grappling with the direct-to-consumer boom and growing importance of e-commerce.
However, the business of wholesale — or selling your product to a third party, like a department store, to distribute — is not a lost cause, according to Ami Paris Chief Executive Nicolas Santi-Weil and Altuzarra Chief Executive Shira Sue Carmi. In a #BoFLIVE conversation with BoF's Lauren Sherman and Chantal Fernandez, presented by Afterpay, they outlined the positives and negatives of the approach. While not without their challenges, wholesale partnerships can help emerging brands with distribution and customer service while building brand awareness in new markets. However, said Santi-Weil, "one of the biggest challenges is [maintaining] the consistency of your own brand" across all channels — in terms of both merchandising and pricing. To that end, Carmi added, "what's really important for brands to remember is that you cannot outsource your relationship to the customer… if you don't own that relationship, that's where you're missing out."
To participate in #BoFLive, BoF’s digital events series offering insight, advice and inspiration, visit our calendar where you can find details of upcoming digital events.
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.