‘Our business is different’: Why fashion rental has withstood the pressures of inflation Rental fashion has been surprisingly resilient through this period. During the early days of the pandemic, rental was devastated due to the cancelations of most occasions befitting rented clothing. Now, rental companies are seeing higher subscriber growth and steady business at a time when many brands are struggling.
In the face of inflation, URBN embraces a diversified audience strategy As inflation has driven costs up, URBN’s portfolio has split. Its higher-price brands like Anthropologie and Free People have flourished, while lower-priced Urban Outfitters has struggled. In its most recent earnings, URBN revealed that Anthropologie grew its revenue by 7% and Free People by 4%, while Urban Outfitters’ revenue dropped...
Weekend Briefing: The continued resilience of fashion rental Last week, rental brands proved resilient in spite of inflation and rising costs. Richemont finally unloaded the costly burden that was Yoox Net-a-Porter, paving the way for Farfetch’s continued ascendance. Also: Victoria’s Secret tried to turn bad press into good press, and Coty had a strong second half of the...
Week in Review: Farfetch’s YNAP acquisition, Nike’s NFT dominance, Urban Outfitters’ profit losses On this week's episode, Farfetch bought out a controlling stake in Yoox Net-a-Porter from Richemont, Nike topped the list of brands with the most NFT sales at nearly $200 million, and Urban Outfitters made more money than ever but lost profits due to increased costs.
With Richemont deal, Farfetch further establishes luxury e-commerce dominance Farfetch gets to snap up Net-a-Porter, one of its only real competitors in the online luxury e-commerce space. Furthermore, Farfetch’s e-commerce technology will power Richemont brands’ online stores as part of the deal, further cementing Farfetch’s dominance in luxury e-commerce.
Fashion touts the benefits of seaweed fabric, but science doesn’t back it up Lululemon continues to carry the fabric, which it calls VitaSea, though all mention of the supposed medicinal benefits is gone from its marketing and website. But other companies that use the fabric, including its creator SeaCell, continue to explicitly or implicitly tout the medicinal benefits of the fabric despite a...
How Madewell is navigating TikTok, Instagram and YouTube CMO Derek Yarbrough said one of the key aspects of his marketing strategy for the brand is to cater campaigns to individual platforms to play into their strengths.
For Days is sharing its take-back program with Bombas It’s been a successful tool for For Days to help divert clothing from ending up in landfills and has turned into a profitable revenue driver on its own.
Weekend Briefing: Activewear is still going strong Life has returned to a pre-pandemic normal, more or less, in the last few months. At the same time, there's been a question around whether the activewear boom of 2020 can continue. Recent signs indicate the category is still growing but becoming all the more competitive. Read on to see...