Prada Group: Mixed H1 Results, CEO Exit, Growth Outlook
Prada Group reports strong H1 sales, but Prada brand retail sales decline. CEO Gianfranco D'Attis departs. Group remains optimistic about long-term growth despite economic headwinds.
Rebecca Minkoff: Licensing Model for Brand Growth & Global Scalability
Rebecca Minkoff transitions to a licensing model to boost brand growth and global reach. Partnerships will focus on design & storytelling, while partners manage production and distribution. Retains creative control.
Starry Drink: Free Refreshment During Heat Waves
PepsiCo's Starry promotes free drinks when temperatures exceed 100°F. The '100 Degrees, 100% Off' campaign builds brand awareness, offering cash back via PayPal/Venmo to consumers in regions like Miami, Atlanta and Charlotte.
AI Fashion Tech: Startups, Funding, and Future Trends
AI is revolutionizing fashion, with startups focusing on personalized shopping, supply chain sustainability, and resale. $1.1B invested this year, matching 2024 totals. Key areas: AI stylists, rental services, and supply chain optimization.
Vogue Business Talent: Harris Wins with AI & Fashion Insight
Harris wins the Vogue Business Talent Competition, exploring AI's impact on fashion. Runners-up Ajala and Lu also recognized. The competition aims to elevate emerging voices in fashion journalism.
Brand Trips Evolve: New Influencers & Authentic Journeys
Brands are shifting from typical influencers to Substackers, experts, and photographers for authentic brand trips. This summer focuses on genuine engagement over polished visuals, creating a cultural cachet and long-term brand value.
KFN’s Venue Collective: Revitalizing New York Fashion Week
KFN's Venue Collective aims to revitalize NYFW by centralizing show locations in Manhattan. The initiative offers financial and logistical support to 30 brands, enhancing the NYFW experience and driving cultural adjustments.
Velveeta’s ‘Drip’ Campaign with Cardi B: Culture-First Marketing
Velveeta launches 'Drip,' a culture-focused campaign with Cardi B, moving beyond 'La Dolce Velveeta' to connect with consumers. Kraft Heinz explores grocery spin-off amid changing consumer tastes. The campaign promotes consumer awareness.
Burberry’s Turnaround: Strategic Plan & Shifting Consumer Trends
Burberry's 'Forward' plan focuses on heritage & core categories. Sales vary by region, with growth in Americas offset by China's decline. Investment prioritizes future growth and efficiency. Brand targets Gen Z.
Coca-Cola’s Growth: Marketing, Innovation, and Resilience
Coca-Cola's Q2 profits beat expectations through strategic marketing, innovation, and a resilient 'all-weather' approach. Digital marketing, targeted campaigns and product launches drive growth amid global challenges.
Saks Global: Financial Challenges and Luxury Retail Strategy
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.
Gap Revitalization: New Subbrand, Partnerships, and Vintage Focus
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: Strategic Investment & Value
Digital Product Passports (DPPs) offer strategic investment opportunities, tracking product lifecycles & potentially doubling item lifetime value. Brands should view DPPs as more than compliance.
Back-to-School Deals: Walmart, Target & Spending Trends
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 Designs Visor for Artemis III Moon Mission
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 + Snapchat: Back-to-School Gen Z Push
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’s Strategic Shift: Sales Growth & New Stores
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.
Maison Margiela: Glenn Martens’s Debut – A New Era for Fashion?
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 Roundup: Algorithmic Pricing, Acquisitions, and Brand Collaborations
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: Distribution Changes, Dockers Sale, and Future Strategy
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: $100M Boost with Google Meridian MMM
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.
Prime Day 2024: Online Spending & Back-to-School Boom
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’s Brewed Protein™: Revolutionizing Fashion with Sustainable Biotech
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 Restructuring: Sports Focus & Revenue Challenges
Nike realigns to focus on sports amid revenue decline. Tariffs & competition impact earnings. Restructuring aims for improved performance & market position. Digital sales decline.
Fashion Designer’s Journey: Vintage, AI & Enduring Style
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 Boosts Customer Loyalty: Personalization & Analytics
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: New Brand Collective & Executive Changes
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.
VoyeurVoyeur: Kat Qiu’s Vision for Fashion Retail in East London
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.