Outside of Rowan, which raised $4 million in funding last year, fashion brands including Frame and M.M. LaFleur have refocused their retail efforts on appointment-booking and in-store services to make up for the fact that, for most standard purchases, consumers now opt to order online. Deloitte said it expects to...
After the CFDA canceled its slate of resort presentations in April, a number of brands like Brand Assembly and Gucci canceled their resort collections entirely to focus on just two big collections per year. For the brands that are going through with resort, many are using it as an opportunity...
The brand's earnings for its fiscal first half of 2021, or April through October, show that Burberry's head-start on digital didn't keep it from feeling some heavy effects from the pandemic.
At a time when much of retail is moving away from brick-and-mortar stores in favor of e-commerce, Calzedonia is among the exceptions. Simonato said he still believes that brick-and-mortar is important, especially for Calzedonia, which has always done far more of its business through physical retail than online. Global online...
Freitag's opposition to Black Friday is a principled one, stemming from its overall sustainability goals and an objection to the mass consumption around the holiday. Brands like Allbirds, several retailers in France and beauty brands like Deciem have also said they won’t be participating in the shopping holiday. Instead, they’re rolling...
While the benefits of owning Supreme are obvious, like its legions of dedicated fans who will camp out for hours to get the latest drop, there’s also a more mundane reason. VF has spent the last year shifting the business models of its various brands to focus more strongly on...
It’s a major move for all parties involved, significantly expanding Farfetch’s reach outside of the U.S. and Europe, adding potentially hundreds of new brands to Tmall’s platform through Farfetch and giving Richemont yet another stronghold on luxury e-commerce compared to its main rivals LVMH and Kering. But also impacted will be...
The rezoning plan would significantly open up the SoHo neighborhood to new development. While the initial plan was revealed months ago, only now are the full details of the city's plan being processed by brands and community activists, with details emerging that have implications for retail in the neighborhood.
Retail has suffered in the last few months, particularly big shopping centers. Malls have seen declining foot traffic, retailers bowing out and an increased consumer preference for e-commerce. While in-store holiday attractions are usually a big draw, this year they may not be enough to convince consumers to risk entering...