Nordstrom is making significant strides in capturing the attention of Generation Alpha through its innovative approach to beauty products. The retailer’s recent initiative reflects a broader trend in retail where brands aim to engage with younger consumers, focusing on their distinct preferences and shopping behaviors. In August 2024, Nordstrom introduced a series of lavender kiosks […]
BoF Live | Unlocking Supply Chain Opportunities in Southeast Asian Markets
On Wednesday, October 23, a crucial conversation will unfold at 16:00 BST / 11:00 EDT regarding the supply chain landscape in Southeast Asia, particularly focusing on Singapore. Hosted by The Business of Fashion’s Robin Mellery-Pratt, the event will bring together key experts to evaluate new opportunities emerging from macroeconomic shifts across the region. In light […]
Why Fashion Is Maxing Out on Minimalism
Minimalism in fashion has emerged as more than just a trend; it is becoming central to the identity of several successful brands. Among these brands, The Row, founded by Mary-Kate and Ashley Olsen, exemplifies the potential profitability of minimalism, showcased by its recent unicorn valuation. The rise of women-led independent brands selling minimalist yet chic […]
Nike Replaces North America Boss Ahead of New CEO’s Arrival
In a significant leadership shift, Nike Inc. has appointed Tom Peddie as the new vice president and general manager for North America, just before the arrival of Elliott Hill as the company’s new CEO. Peddie, who recently returned to Nike after retiring in 2020, will take over from Scott Uzzell, who is leaving the company. […]
Proenza Schouler Names New CEO: A Strategic Move to Drive Growth
On October 10, 2024, Proenza Schouler, the acclaimed American fashion brand, made headlines by appointing Shira Suveyke Snyder as its new Chief Executive Officer. This strategic choice follows the departure of Kay Hong, who had led the brand since 2018. Snyder brings a wealth of experience, particularly in e-commerce and direct-to-consumer operations, which could be […]
Uniqlo Owner Targets Higher Sales From Strong Western Market
Fast Retailing Co., the parent company of Uniqlo, has made significant strides in building its brand presence in the Western markets, particularly in North America and Europe. Despite facing sales challenges in its largest overseas market, China, the company reported record annual revenue of ¥3.1 trillion (approximately $20.8 billion) for the fiscal year ending in […]
Unilever Sells Russian Business After Pressure From Campaigners
In a decisive move following intense scrutiny and pressure from various campaigners, Unilever has officially divested its Russian operations. The multinational company, recognized for its popular brands such as Dove and Ben & Jerry’s, has sold its subsidiary to Arnest Group, a local manufacturer specializing in cosmetics, household products, and perfumes. This sale includes not […]
Revlon Names Michelle Peluso Its New CEO
In a significant move within the beauty industry, Revlon has announced the appointment of Michelle Peluso as its new Chief Executive Officer (CEO), effective November 4, 2024. Peluso’s leadership comes at a pivotal time for the company, which is still navigating the impacts of its recent bankruptcy proceedings and the quest for renewed market dominance. […]
Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal
In a strategic move to bolster its luxury segment and fend off formidable competitors, Alibaba Group Holding Ltd.’s Lazada is actively courting top European fashion brands. This initiative aims to help the e-commerce giant achieve its ambitious target of $100 billion in e-commerce sales by 2030. This week, executives from Lazada engaged with over a […]
How Brands Make the Most of Sample Sales
The landscape of fashion retail has notably transformed in recent years, and one of the most interesting shifts is the evolution of sample sales. Originally seen as discreet inventory clearances, these events have morphed into vibrant marketing opportunities for brands. By harnessing the power of social media, particularly platforms like TikTok, brands are now able […]