The last year has been tough for models, especially high-fashion models who rely on runway gigs and campaign photoshoots in exotic locations for much of their income. Fashion events have been curtailed, plus brands have scaled back on their photoshoots. Some have experimented with replacing professional models with influencers and...
Simon Property Group, the owner of more than 200 malls across the U.S., didn't have the best year in 2020, losing 17% of its revenue or close to $1 billion. But one area that was surprisingly fruitful was its ongoing joint venture with Authentic Brands Group to acquire bankrupt retail...
The platform can manage the brand’s dropship commitments to many different retailers, and it allows any retailer to set up a dropship relationship with Title of Work without having an owned system in place to manage it. While larger retailers like Nordstrom or Bergdorf Goodman already have dropship systems in...
During Nordstrom’s latest investor day, on Thursday, President Pete Nordstrom spoke about upcoming changes to the company's strategy. Among them: It plans to grow its partner and shared revenue streams from 5% of the business to 30%, and concessions will be the primary method of doing so. Concessions and e-concessions have...
The ideas of escapism and joyful optimism were common refrains among fashion brands and retailers throughout 2020, with many brands positioning their clothes as a way to alleviate the Covid blues. Even the annual Pantone colors of the year for 2021 -- a dull concrete gray and a bright lemony...
British fast-fashion retailer Asos’ acquisition of British high-street retailer Topshop, announced Monday, was made possible by its excellent year: It saw sales growth of more than 10% per quarter over 2020, thanks to the surge in e-commerce sales and its quick pivot to at-home comfort wear. The company had a surplus...
Last summer, when protests broke out in response to the killings of Black Americans including George Floyd and Breonna Taylor, fashion brands responded by posting statements, donating to causes and sharing their platforms. But until Black History Month, many let their vocal support of equality and racial justice dwindle, begging questions...
After more than 10 years at Aerie, Jennifer Foyle was promoted to chief creative officer at parent company AEO Inc. in September. Under her tenure, Aerie grew to be one of the shining lights of the company’s portfolio, growing revenues by more than 25% every year between 2015 and 2019....
Since early April, there's been news of “revenge spending” in China -- the idea that a cooped up populace finally free from lockdown would celebrate with a big boom in spending, especially on luxury goods. Revenge spending throughout China in May allowed the country to be one of the only places...