Glossy 50 2021: Hana Kajimura, head of sustainability at Allbirds Allbirds has stood out as a respected leader in sustainable fashion. According to Hana Kajimura, the brand’s secret is simple: Walk the walk and be transparent. This year, she introduced its "Flight Plan" to cut its per-unit carbon footprint.
Direct-from-manufacturer retailer Quince raises $50 million for hiring and category growth On Tuesday, the company announced a $50 million Series A investment, marking its first official round of funding following a $14 million raise prior to its 2018 launch. The investment is led by Insight Partners, an investor in Shopify and Twitter, with additional participation from Founders Fund, Basis Set Ventures,...
Virgil Abloh ‘changed the shape of the luxury fashion industry’ According to a statement released across LVMH’s social channels on Sunday, Abloh, who was the artistic director of menswear at Louis Vuitton and founder and CEO of streetwear label Off-White, passed away on Sunday following a years-long battle with cancer. In response, fashion insiders and fans flooded social platforms with...
Draper James is opening stores ahead of the holidays According to CEO Erin Moennich, the Mall of America store is part of the brand’s big retail experiment to see if it can use physical stores to drive the same customer acquisition that’s becoming increasingly expensive online. While the Houston store opened in Draper James’ largest market for online sales,...
‘Anti-Black Friday’: Inside brands’ alternative approaches to the shopping holiday Appropriately, an increasing number of brands and retailers are looking for alternative ways to approach Black Friday, beyond the standard day, weekend or week-long sale. Some brands are extending Black Friday deals throughout the entire month, some are releasing new product instead of discounting, and some are sitting out of...
Ahead of Black Friday, fashion and beauty companies flock to buy-now, pay-later platforms In the last two months, a number of new brands and retailers have adopted Afterpay in anticipation of holiday shopping. They include Nordstrom, Aldo, Alo Yoga, J. Crew, Madewell, Morphe, Le Creuset, American Eagle and Aerie.
Foot Locker upped its inventory spending ahead of the holidays A clearer reason why Foot Locker’s net income was lower than expected was due to increased spending. The company opened 32 new stores throughout the quarter as well as acquiring 93 more through its acquisition of West Coast athletic apparel retailer WSS in September for $750 million.
Fabletics is leaning on college tournaments and athletes to grow its men’s business The activewear brand is sponsoring the Jacksonville Classic, a NCAA college basketball tournament in Jacksonville, Florida on November 21. The new name of the tournament will be the Fabletics Jacksonville Classic and will feature eight college basketball teams including those from the University of Missouri, Florida State University and Boston...
Week in Review: Nike’s Travis Scott problem, Faire’s big fundraising round, Bottega’s new creative director and an inside look at Shein In this week's episode: Nike paused its Travis Scott collaborations, wholesale marketplace Faire raised $400 million and Bottega Veneta got a new creative director (while rumors swirled about why Daniel Lee left so abruptly). Plus, a closer look at Shein's massive -- and unethical -- growth.