VF is selling Supreme to EssilorLuxottica for $1.5 billion, far less than it paid in 2020. Since then, Supreme has fallen hard in the fast-paced streetwear business.
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Forget Omnichannel Retail, Think Unified Commerce
Retailers need to recognize that unified commerce is more than just a shiny, new phrase to describe omnichannel retail. Realizing its full potential and implementing it across the entire organization requires a completely new mindset. Yes, its goal is to deliver a unified customer experience across channels, i.e., an omnichannel customer experience, but it achieves […]
How Mytheresa Unlocked The Luxury Marketplace Business Model
While e-commerce, multi-brand fashion marketplaces Farfetch and Matches have fallen and Richemont-owned YOOX Net-a-Porter hangs in the balance, Mytheresa stands strong. It’s done it by offering a carefully curated selection of luxury fashion offerings focused on the demands of true luxury consumers using a traditional wholesale-to-retail business model like a department store. Its point of […]
Banana Republic Returns To Fashion ‘Fundamentals’ After Its Home-Centric CEO Exits
News just broke that Banana Republic’s president and CEO Sandra Stangl has been shown the door. While a company spokesperson replied “No comment” to my request, WWD obtained an internal memo from Gap Inc. CEO Richard Dickson stating: “As we close out the first quarter of the year, Sandra and I have agreed to transition […]
Tapestry Is Fighting Two Legal Battles Against The FTC And Gap/Old Navy
Two legal battles are rocking Tapestry, Inc, owner of the Coach, Kate Spade and Stuart Weitzman brands. One is a more or less routine trademark dispute against Gap and its Old Navy brand. The other is a fight for the very future of the company and its ability to compete effectively in the luxury market. […]
