‘Fashion is the logical next step’: How retail service companies are aiming to differentiate The market for retail-as-a-service is expanding. B8ta is one of a number of companies that have made it their model to provide streamlined ways into physical retail for brands without the capacity to pour resources into expensive rental leases, staffing and all the other processes that come with setting up...
How Stadium Goods is preparing for physical retail expansion Stadium Goods, despite a recent high-profile acquisition by Farfetch and being one of the leaders in the streetwear and sneaker resale space, has only had one store in the nearly four years it’s been around. But a new retail collaboration with California retailer Fred Segal is, according to Stadium Goods...
Everything you need to know about the effects of the Hong Kong protests on luxury fashion Under the “One country, two systems” principle instituted in China in the 1980s, Hong Kong, and other parts of China, are able to maintain a distinct legal system from the rest of mainland China. But when that careful arrangement was threatened earlier this summer, massive protests broke out in Hong...
Russell Athletic goes head-to-head with Champion as the sportswear market heats up Two years ago, Russell Athletic internally shifted its focus from purely existing as a sports teamwear brand and began leaning toward a fashion and lifestyle positioning. This week, the heritage athletic wear brand is ready to make its big pitch to customers.
More players are fighting for a smaller market in the denim category In Levi’s third-quarter earnings reported on Tuesday, its second report since going public earlier this year, the company reported that while revenue in Europe and Asia has been strong, growing 14% and 9% respectively, sales in its native North America fell by 3% year-over-year. As the number of denim brands...
‘We would love to compete with Nike and Adidas’: How Champion worked with a licensee to grow its year-old sneaker division This year, Champion Sportswear celebrated 100 years in business, with most of the century spent refining and perfecting its sports apparel. It was only last year that the brand finally expanded into sneakers and footwear. In the first year, Champion’s footwear division is still nascent, but the people behind it...
Resale platform Vestiaire Collective lowered its own commission to drive up sales When Max Bittner, former CEO of e-commerce company Lazada Group, was appointed CEO of French luxury resale platform Vestiaire Collective, one of his first priorities was changing the company’s commission structure to lower the percentage that the company takes from all sales, dropping them by an average of 10% across the...
Explainer: Why revenue per active client is brands’ new key metric In Stitch Fix earnings, released last week, buried amid other figures and metrics like net revenue and active clients, was a tidbit about the company’s revenue per active client, or RPAC, growing by 9%.
How Google is using image recognition to challenge Instagram’s fashion commerce dominance Google Shopping got a big relaunch today that makes use of Google Lens image recognition technology to help fashion shoppers find style ideas for the products they view, turning Google Shopping into a hybrid commerce and discovery platform. The new features put Google Shopping more directly in competition with Instagram,...