Sabrina L.’s Post

As the overall economy dips and becomes stagnant, so too does the retail side of it. Especially fashion retail. Customers are dollar conscious at the moment. Have old inventory on your books? Now is a great time to sell older inventory for sale. Get into your back rooms, basement storage….. flush out some older pieces that may have been missed. People are out there shopping. Give them something to shop for. #retailtherapy #retail101 #luxuryfashion #fashionbusiness #saleitems #oakville #blackcaviarfashion #bytocca #inventorymanagement #saleimventory

#Vintage #Secondhand shopping is having what seems to be more than a moment. Last year, apparel resale in the United States grew seven times the rate of the broader retail industry. Independent resellers and corporate giants are getting creative to meet the demand. From a physical store lens its been a little (sometimes more so) controversial to co-tenants selling new goods, particularly luxury. They of course can exist within the brands own store and as noted and many stores are opening up in downtowns. Also the element of getting something that other people don't have or are wearing and wasn't mass produced personally is exciting. Other potential good news is the impact on the #environment. Other issues include how to technology plays a role in bringing items onto e-commerce platforms. #retailtransformation #retail The RealReal Depop

🌟 Major Milestone Unlocked: D2C Men's Brand Hits Rs 400 Crore GMV! 🚀 In a groundbreaking announcement, D2C men’s fashion brand SNITCH has shattered records by achieving a remarkable Gross Merchandise Value (GMV) of Rs 400 crore! 🌟 With sights set even higher, they're gearing up to hit the monumental milestone of Rs 600 crore GMV by the end of fiscal year 2024. 💼🚀 But that's not all! The brand's phenomenal success isn't just a one-time feat. They've consistently maintained an impressive 30-35% quarter-on-quarter (QoQ) revenue growth over the past two years. 💰💼 And with their strategic offline expansion, they've witnessed an astounding 35-40% quarterly surge in both sales and revenue. 📈🔥 Siddharth DUNGARWAL, the visionary behind this triumph, expressed his gratitude, stating, "This achievement reflects the trust and support of our valued customers, as well as the dedication and hard work of our entire team." 🙌 With innovation as their compass and style as their signature, they're committed to reshaping the fashion landscape and offering unbeatable style at affordable prices. 👔💫 Moreover, fueled by their recent series A funding round, where they secured a whopping Rs 110 crore, the brand is poised for even greater expansion. 🌍🛍️ With plans to amplify their retail footprint, they're set to redefine men's fashion in unprecedented ways. 💥 Stay tuned as D2C men’s brand continues to redefine the fashion game and set new benchmarks of success! 🚀✨ #FashionForward #MilestoneAchieved #D2CRevolution #retail #FashionSuccess #D2CInnovation #FashionForward #GMVRecord #RetailExpansion #FashionMilestone #StyleGoals #D2CSuccessStory #FashionTrends #AffordableStyle #FashionBusiness #RetailGrowth #FashionEntrepreneur #FashionIndustry #BrandExpansion #FashionInnovation #SuccessStory #EntrepreneurialJourney #FashionGoals

Retail Dive reports that Allbirds has replaced their CEO and the buzz saw is coming out fast. The brand plans to close 10 to 15 underperforming stores in the USA in 2024 and is projecting revenue this year to be down as much as 25% YTY. #storeclosing #dtc #dtcbrands #fashionretail #fashionnews

Here are some interesting stories from the world of retail for Tuesday, September 24: 👖 Levi Strauss & Co. teased a potential partnership with Beyoncé in an Instagram post on Monday. The brand’s shares briefly popped after the update and were last up about 1% Monday. 🛏️ Tempur Sealy International is looking to gain regulatory approval for its blockbuster deal to acquire Mattress Firm by divesting some stores. It will sell 73 Mattress Firm stores and the company’s Sleep Outfitters subsidiary. 👟 Foot Locker is waging a comeback after its breakup with Nike. To reclaim its throne as the market leader in sneakers, Foot Locker must differentiate itself from competitors. 💰 Online furniture retailer Wayfair is looking to borrow $700 million from the junk-bond market to refinance existing maturities. The company, on Monday, announced plans to offer senior secured notes due 2029. 🏬 The last surviving full-size Kmart store in the mainland United States will finally close this fall following decades of bankruptcy and decline. The Bridgehampton, New York store will close on October 20th. 👨🏻⚖️ Ina and David Steiner, who were stalked and harassed by eBay employees five years ago, are now battling the company over whether they must disclose confidential sources they used to report on the e-commerce industry. 📦 Duty free shipping, the magic behind Shein’s rise is now coming under threat, Proposed regulations from around the world would squeeze the China-founded bargain site. 💵 Lina Khan, chair of the FTC, has warned that the largest-ever planned grocery merger would increase costs for everyday shoppers despite promises to the contrary by those at the center of the $24.6bn deal. 🇨🇳 China has launched an investigation into PVH Corp., the parent of brands including Calvin Klein and Tommy Hilfiger, for discriminatory measures related to products from its far western Xinjiang Uygur autonomous region. 🤖 Amazon has unveiled a new solution that uses generative artificial intelligence to convert product images into video ads. The video generator, currently in beta, is part of Amazon’s Sponsored Brands campaign suite. 📉 US business activity suffers small loss of momentum in September, PMI shows. Economy is growing at solid pace, but is also facing headwinds from manufacturing and uncertainty over election. 🧘🏽♂️ The Kroger Wellness Festival is set to take place in Downtown Cincinnati on September 27th and 28th, offering two days of health-focused workshops, exercise classes, and celebrity appearances. ⛷️ Luxury skiwear brand Perfect Moment is set to open its first brick-and-mortar store in the SoHo neighborhood of New York City next month. 🧃 Capri Sun has delighted fans by selling pallets of 3,840 pouches for $250 on Walmart.com, which quickly sold out. #retail #retailnews #economy #DailyRetailNews

After having a presence on global high streets for more than three decades, it’s sad to see Ted Baker lose the battle to keep bricks and mortar stores afloat. Where retailers previously benefited from consumer demand for a personal, in-store service, more recently they’re facing the ongoing challenge of competing with ever-growing, and sometimes more convenient, e-commerce offerings. For bricks and mortar retailers in the UK, prioritising customer experience, providing a differentiator and offering a flexible cost base where possible are key for driving in-store purchases and ensuring the future of the high street. In light of these changes, it's intriguing to consider what novel approaches might emerge. What do you think the next chapter of retail might look like? Read more on this story: https://lnkd.in/ef6w2cd4

INNOVATION WON'T SAVE DEPARTMENT STORES. THE RIGHT PRODUCT WILL The Business of Fashion: Mid-market American department stores like Macy's’s, Kohl's’s and Nordstrom need more than new owners and retail formats to win back customers; they must reinvent their entire value proposition with a selection that can compete with online fast fashion and off-price players. Time is running out. KEY INSIGHTS 🍉 Despite efforts to close unprofitable stores and innovate, department stores continue to lose customers to online giants like Amazon, agile newcomers like Shein, and budget-friendly off-price retailers such as TJ Maxx. 🥝 To survive, these retailers must rethink their entire value proposition by offering unique, fairly priced, and exclusive items that can’t be easily found online. 🥞 Despite challenges, their physical presence remains an advantage. For Terry Lundgren, a former CEO of Macy’s, talk of the possible extinction of department stores is a tale as old as time. Lundgren joined the company, then known as Federated Department Stores, nearly 50 years ago right out of college, his first choice out of a dozen job offers. His roommate could not believe him. “He said, ‘Aren’t they going to be going out of business?’” Lundgren recalls. “Back then, it was because catalogues were emerging and he thought, ‘Well, isn’t everybody just going to read catalogues and shop that way?’” Macy’s survived the catalogue scare, and countless other evolutions in how Americans shopped, from QVC to the rise of e-commerce. But there’s something different today about the cocktail of threats facing Macy’s and other department stores that cater to the middle class, including Kohl’s and Nordstrom. No matter how many unprofitable stores they close or innovative retail concepts they try, they keep losing customers, whether to historic online threats like Amazon, newer, more nimble competitors like Shein or off-price stalwarts including TJ Maxx that are better geared towards stretched household budgets. explore more: https://lnkd.in/g5adBm48 #retail #fashion #ai #investmeent #crisis

Wrong! It is about "Product," not "Products." And sadly the department store is an outdated Product with a capital "P." I have said it for the past seven years, and I will say it again -- retailers need to stop thinking with their small "p's." For more, see the third article I ever wrote on this very subject: https://lnkd.in/gKQkMcYZ It is one of my favorites I have ever written, people still bring it up to me, and it explains exactly what I mean. #retail #retailing #branding #advertisingandmarketing #onlineshopping #shoppingandtheretailindustry #fashionretail #luxuryretail #beauty https://lnkd.in/gsrypwgt

Great perspective on retail industry changes to come. Our Fashion & Retail division are also starting to see this as they support staffing up retailer stores. #retailindustry #retailtrends

IN RETAIL NEWS... Bealls, the longstanding Florida-based department store chain, is navigating the evolving retail landscape and thriving despite economic challenges. Originating in 1915, the chain has grown to 658 stores across 23 states, encompassing brands like Bealls Florida, Bealls, Inc., Home Centric, and more. Despite setbacks like the 2007-2008 recession and pandemic-related closures in 2020, Bealls has adapted by emphasizing online sales and maintaining an agile approach. With 15,000 employees and plans to open 22 more stores, Bealls credits its success to family ownership, a customer-centric culture, and financial accountability. President Tianne Doyle underscores the company's ability to compete and innovate, emphasizing their unique culture as the "real secret sauce." A recent rebranding by CEO Matt Beall and podcasts like "Limitless" and "Legacy" reflect Bealls' commitment to staying connected and providing insights into their family business. 🛍 👗 👔 👠 Miami Herald with the full story - https://lnkd.in/gzAC7_kN *** #Retail #New #Article #Bealls #Florida #Apparel #Footwear #Business