Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
wholesale
Retail
Neiman Marcus Hires Moda Operandi Fashion Director Lisa Aiken
The Dallas-based retailer created the role of fashion and lifestyle director for Aiken.
Neiman Marcus Hires Moda Operandi Fashion Director Lisa Aiken
The Dallas-based retailer created the role of fashion and lifestyle director for Aiken.
Luxury
The Future of Watches: A High Stakes DTC Shake-Up
$2.4 billion in annual revenues are set to shift from retailers to brands by 2025 as consumers demand better online shopping experiences and brands aim for higher margins.
The Future of Watches: A High Stakes DTC Shake-Up
$2.4 billion in annual revenues are set to shift from retailers to brands by 2025 as consumers demand better online shopping experiences and brands aim for higher margins.
Luxury
The Future of Watches: The Pre-Owned Market Will Be Worth Up To $32 Billion
Watch brands must work hard to capitalise on the increasingly important second-hand market, while digital platforms will need to sharpen their business models.
The Future of Watches: The Pre-Owned Market Will Be Worth Up To $32 Billion
Watch brands must work hard to capitalise on the increasingly important second-hand market, while digital platforms will need to sharpen their business models.
Retail
Where Next for Kith’s Hype Machine?
As the 10-year-old burgeoning sneaker and streetwear empire opens its first European store in Paris, founder Ronnie Fieg sits down for a rare interview.
Where Next for Kith’s Hype Machine?
As the 10-year-old burgeoning sneaker and streetwear empire opens its first European store in Paris, founder Ronnie Fieg sits down for a rare interview.
Retail
Is Net-a-Porter’s Unconventional Prada Deal the Future of Wholesale?
The Richemont-owned e-tailer has struck a novel partnership with Prada, reflecting how the relationship between multi-brand retailers and luxury houses is shifting.
Is Net-a-Porter’s Unconventional Prada Deal the Future of Wholesale?
The Richemont-owned e-tailer has struck a novel partnership with Prada, reflecting how the relationship between multi-brand retailers and luxury houses is shifting.
Retail
Retailers Pledged Action on Diversity. Delivery Is Proving More Elusive.
Public pressure, especially from the 15 Percent Pledge, pushed many US-focused businesses to disclose information and promise progress, but the industry is still largely in a planning and promises stage.
Retailers Pledged Action on Diversity. Delivery Is Proving More Elusive.
Public pressure, especially from the 15 Percent Pledge, pushed many US-focused businesses to disclose information and promise progress, but the industry is still largely in a planning and promises stage.
Retail
DTC vs Wholesale: Striking the Right Balance
How and where should brands sell in 2021? New best practices are emerging.
DTC vs Wholesale: Striking the Right Balance
How and where should brands sell in 2021? New best practices are emerging.
Retail
Activists Pushed Retailers to Back Black-Owned Brands. Here’s How Nordstrom Responded.
The American department store aims to sell $500 million worth of products from Black and Latino brands and diversify its management. Executives tell BoF how they plan to stay on track.
Activists Pushed Retailers to Back Black-Owned Brands. Here’s How Nordstrom Responded.
The American department store aims to sell $500 million worth of products from Black and Latino brands and diversify its management. Executives tell BoF how they plan to stay on track.
Technology
One Big Way Direct-to-Consumer Retail Is Changing
New online marketplaces promise to make it easier for consumers to find their favourite direct-to-consumer brands. Will the model work?
One Big Way Direct-to-Consumer Retail Is Changing
New online marketplaces promise to make it easier for consumers to find their favourite direct-to-consumer brands. Will the model work?
Retail
Case Study | Inside Nike’s Radical Direct-to-Consumer Strategy
How did Nike’s share price hit an all-time high in the middle of a pandemic? The American sportswear giant’s success is rooted in a radical direct-to-consumer strategy built around content, community and customisation, and conceived for a post-internet world where brand connections are everything.
Case Study | Inside Nike’s Radical Direct-to-Consumer Strategy
How did Nike’s share price hit an all-time high in the middle of a pandemic? The American sportswear giant’s success is rooted in a radical direct-to-consumer strategy built around content, community and customisation, and conceived for a post-internet world where brand connections are everything.
Retail
7 Ways to Make E-Commerce More Profitable
As online sales reached new heights in the pandemic, brands are grappling with new burdens on their bottom lines. From savvy inventory distribution to bundling products, here’s how they can keep costs down.
7 Ways to Make E-Commerce More Profitable
As online sales reached new heights in the pandemic, brands are grappling with new burdens on their bottom lines. From savvy inventory distribution to bundling products, here’s how they can keep costs down.
Luxury
How to Build Wholesale Relationships Without Getting Squeezed
Many fashion brands remain dependent on department stores, e-tailers and multi-brand boutiques to drive sales, but the cost of doing business with these third parties is growing. Here’s how labels can protect themselves.
How to Build Wholesale Relationships Without Getting Squeezed
Many fashion brands remain dependent on department stores, e-tailers and multi-brand boutiques to drive sales, but the cost of doing business with these third parties is growing. Here’s how labels can protect themselves.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.