Now about six months into the Fran Club’s life, Francesca’s CMO Jann Parish said the program has been a success. Parish said a non-member typically makes between three and seven visits to a Francesca’s store per year, while Fran Club members visit around 12 times a year.
Publicly traded luxury companies like LVMH and Hermès are flying higher than ever, but their non-luxury counterparts are struggling. Read more below, along with analyses of Inditex abandoning its Russian business and Zegna’s plans for the future.
On this week's episode, we talk about the mood at Shoptalk with attending brands and investors preparing for a rough economic future. Later in the show, we talk about ThredUp’s resale report and the state of circular fashion, as well as why luxury brands like Dolce & Gabbana are opening...
Late last week, the fashion brand Express received a notice of non-compliance from the New York Stock Exchange due to its share price falling to $0.63 per share in its last quarterly earnings report.
Twenty years ago, the streetwear brand Billionaire Boys Club was started by musician Pharrell Williams and Japanese designer Nigo, who also founded A Bathing Ape. The following two decades saw the transformation of both the brand and the streetwear subculture as a whole from underground cult favorites to dominant forces...
The last two years saw the fashion and retail worlds overrun with speculation about the imminence of the metaverse and Web3, much of it hyperbolic. At Shoptalk 2023 this year, executives treated the latest tech craze — AI and large language models, particularly OpenAI’s ChatGPT — with a comparatively reserved...
Last week, multiple major companies in fashion saw legal challenges. Elsewhere, Authentic Brands Group is back to acquiring fashion companies, while J. Crew laid off 3% of its workforce.
The last year has been tough for founders seeking funding. Pre-pandemic, venture capital funding was plentiful, and startup and DTC brands were able to achieve massive growth based on that funding without reaching profitability. At Shoptalk 2023 in Las Vegas this week, brands and investors alike reckoned with the reality...
Branded resale has become table stakes for many in the retail industry, and it’s never been easier for customers to buy secondhand clothes from brands like Michael Kors to Zara. But at Shoptalk 2023, brands and resale companies alike wrestled with the idea of how to improve the selling process...