The online retailer makes fast fashion for the Instagram elite. The way many of its garments are made is much less glamorous.
There is little evidence that spasms of internet indignation — such as the recent backlash against Peloton and SoulCycle’s well reported ties to Donald Trump — cause a retailer long-term damage.
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The struggling retailer cited third-quarter results and a delay in the shareholder vote as reasons for possibly scrapping the offer.
The Swedish-based retailer has invested in online services and new store concepts to broaden its customer base and turn itself around.
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
In the 2010s, the publications covering fashion — regardless of whether they were chasing clicks or subscriptions — found that success wasn’t so straightforward anymore.
The iconic department store has initiated a £300 million refurbishment and a digital upgrade to attract a new generation of luxury customers. BoF sat down with Managing Director Michael Ward to unpack the strategy.
This week, everyone will be talking about the vote to take Saks’ owner private, the rush to deliver online orders in time for the holidays, and the potential for a pre-Christmas surprise. Get your BoF Professional Cheat Sheet.
Washington and Beijing have been in a trade war for almost two years, involving almost $500 billion in products shipped between the two nations hit by tit-for-tat tariffs.