Saks Global faces financial headwinds with soft sales and debt. Focus on financing, cost reduction, and restoring luxury authority is crucial for overcoming challenges and improving retail operations. Real estate holdings offer potential.
Under CEO Richard Dickson, Gap is revitalizing via GapStudio (led by Zac Posen), partnerships with Malbon Golf, DĂ´en, Disney and GapVintage. Favorable compensations were seen with market share gains.
Digital Product Passports (DPPs) offer strategic investment opportunities, tracking product lifecycles & potentially doubling item lifetime value. Brands should view DPPs as more than compliance.
Walmart & Target offer back-to-school discounts for teachers & students. Spending is projected to rise but inflation & supply chain issues impact consumers. Tween brand launched.
Oakley partners with Axiom to design a stowable visor for the Artemis III mission, protecting astronauts from radiation, temperature, and micrometeorites with advanced optical technology for enhanced lunar exploration.
American Eagle partners with Snapchat, leveraging Snap Map's Promoted Places to target Gen Z for back-to-school shopping. Aims to boost in-store traffic, capitalize on Snapchatters' preference for in-person retail experience.
Target aims to reverse slumping sales with strategic investments, new stores, and a focus on private labels. Expansion includes shop-in-shops and a multiyear growth strategy. Sales growth by 2030.
Glenn Martens debuts at Maison Margiela, blending Martin Margiela's legacy with a modern, emotional vision. Masks, corsets, and thrifted fabrics evoke a sense of gloom and anarchy, while couture balances heritage and innovation.
Retail news: NY law on algorithmic pricing, Big 5 acquisition by Worldwide Golf, Ulta's expansion, Inkey List at Ulta, Baskin-Robbins & Laneige collab, Sanrio x Children's Place, JC Penney collection.
Levi's is changing its distribution strategy, selling Dockers to Authentic Brands for up to $391M, and focusing on brand strength amid an uncertain economic environment. They are also expanding third-party logistics.
Alaska Airlines sees a potential $100M boost (11% rise) using Google's Meridian MMM via Adswerve. Optimizing ad spend towards a mid-funnel strategy improves reservations and ROI. Data-driven marketing.
Adobe forecasts a $23.8B online spending surge during Prime Day 2024, fueled by back-to-school deals. Expect discounts (10-24%) & increased 'buy now, pay later' usage. Target & Walmart offer competing events.
Spiber, a Japanese biotech firm, is pioneering Brewed Protein™, a sustainable alternative to traditional materials. Their innovative protein aims to transform the fashion industry and enhance supply chains using microbial fermentation.
Nike realigns to focus on sports amid revenue decline. Tariffs & competition impact earnings. Restructuring aims for improved performance & market position. Digital sales decline.
A fashion designer recounts her journey: From vintage finds and London inspiration to AI pattern creation and a lasting brand. Focus on innovation, parallel universes and a growing business.
AI revolutionizes customer loyalty programs, enabling personalized rewards and fraud detection. Brands must prioritize data quality and usage cases for measurable value. Data management is also critical.
Kirkland's forms 'Brand Home Collective' with Beyond Inc, Overstock & Bed Bath & Beyond. New executives join, aiming for a multi-brand strategy after Q1 declines. Strategic shifts in retail.
Kat Qiu launches VoyeurVoyeur in East London, a multi-brand store stocking Rick Owens and more. It's a personal curation beyond trends, focusing on community, sensuality and inspiring customers.
