Weekend Briefing: Walmart divests from DTC as it sells off Eloquii and Bonobos Last week, Walmart completed the full selloff of the last of its DTC portfolio by selling Eloquii. Elsewhere, Gucci was investigated by the E.U.'s antitrust regulators, luxury resale platform Cudoni shut down, and LVMH shifted resources out of Hong Kong.
Fashion Briefing: Is new access to data stifling fashion’s creativity? Fashion brands are often successful based on their ability to stand out and set trends, but an overreliance on data means those brands are instead following trends.
Week in Review: The Lyst Index, David’s Bridal bankruptcy, Express buys Bonobos This week, we discuss Uniqlo’s $20 shoulder bag topping The Lyst Index, David’s Bridal going bankrupt and Express purchasing Bonobos.
As demand returns, rental companies are reworking subscription models Coming out of a chaotic few years in which the kinds of events people rent clothes for were all canceled, fashion rental companies are bracing for a potential economic crisis. Over the last month, major fashion rental companies have instituted a number of new changes to keep up with the...
As budgets tighten, brands are shifting their marketing focus to LTV and loyalty It’s no secret that marketing budgets are shrinking across the industry. More than 30% of advertisers are planning to reduce their ad spend in 2023 as an economic downturn looms and brands look to cut spending wherever they can.
Weekend Briefing: The challenges facing the fashion rental industry While resale has had a boom year, rental is having a tougher time. Rent the Runway’s recent financial outlook provides a good example of what’s going on in the sector. Read on to for more on rental, plus details on Boohoo’s recent class action lawsuit, the prevalence of discounting this...
Fashion Briefing: As the economy worsens, brands and retailers are upping their focus on margins Fashion retail is in a perilous spot right now. The looming possibility of further economic decline and reduced consumer spending has retailers seeing flashbacks to the lowest point of the pandemic. Revenge spending in 2021 and 2022 plus pandemic savings that gave some consumers excess disposable income helped. But now...
Week in Review: LVMH soars as luxury spending returns in China This week, we take a look at LVMH’s earnings, including the sharp return of luxury spending in China. We also talk about the possibility of a slowdown in spending on luxury watches and the details of the Lacoste x Netflix partnership.
As resale competition intensifies, Etsy adds bidding option While much of the excitement in circular fashion these days is in brand-owned resale, vintage fashion — loosely defined as clothes that are 20-100 years old — is another massive market. According to an Etsy spokesperson, someone searches for vintage fashion once every 10 seconds on the platform.