Richer Poorer has now joined the ranks of a small but growing section of the DTC pool that has rejected the common VC model based on massive initial growth, inflated by big marketing budgets.
For years, retailers’ prevailing attitude toward resale and rental platforms was one of non-acknowledgement or distrust. But increasingly, that's evolved to “If you can’t beat them, join them.”
The concept, eventually named O-1, has taken the form of a new marketplace hosted on the Greenhouse app. It will release regular, exclusive products manufactured in a sustainable way from big names in sneakers and streetwear. In order to get access to the products, customers will have to participate in...
While Amazon may be prepping a luxury platform, there’s at least one luxury house that will not be involved. In a fourth-quarter earnings call on Tuesday, LVMH CEO Bernard Arnault implied that the company had been approached by Amazon in the past and said that he would never agree to...
Retail incubators need big investment in order to see big rewards, and the ones that have had the most success, like Walmart Labs, prove that. But without big investment and adequate support from upper management, these programs can fizzle out before they ever get the chance to make much of...
Amazon has posed challenges for luxury fashion brands, including selling counterfeit products. Even if it cleans up its act, it’s unclear whether that would be enough for it to win over luxury brands.
For more than 10 years, Foot Locker has had a consistent, relatively successful loyalty program called VIP. But the company has grown from a single retailer to a portfolio of brands that includes Champs Sports, Eastbay, Footaction, Lady Foot Locker and Kids Foot Locker. Each have had individual loyalty programs associated...
When Regy Perlera first began pitching his streetwear rental startup in early 2019, Seasons, to investors, he was met with a healthy amount of skepticism. The popular conception was that men don’t rent. Rent the Runway, for one, has no immediate interest in men’s rental, said COO Maureen Sullivan. But Perlera,...
Peloton is placing a bigger emphasis on its retail and apparel offerings. The athletic brand, known most widely for its stationary bikes and workout classes, released a collection of men’s and women’s apparel on January 15 in collaboration with Gap subsidiaries Hill City and Athleta. Peloton vp of apparel Jill Foley...