Last week, the industry witnessed a trendy e-tailer’s demise, assessed fulfillment real estate and transformed the luxury in-store experience for consumers in China.
Sears, a victim of America’s changing retail scene, was once one of top U.S shopping destinations. Observer analyzed the retailer’s 40-year slide and how its traditional strategy and failure to stay relevant throughout the decades contributed to its downfall.
(Related on SJ: Target Disappoints, Outlines Aggressive Investment Strategy)
While other teen retailers bite the dust, American Eagle Outfitters is still staying strong with Aerie. The company’s intimates segment has resulted in over 20 percent growth in comparable sales for American Eagle Outfitters and CNBC discussed how the retailer’s body-positive campaign and push into the swimwear market is boosting consumer loyalty over other competitors, including Victoria’s Secret.
Online commerce is causing industrial real estate to become more competitive across the country. The Wall Street Journal explained how many states, including New Jersey, are becoming the next big distribution hubs due to their development potential and proximity to consumers.
(Related on SJ: Retail Isn’t Far Enough Outside the Box Yet)
Nasty Gal’s recent bankruptcy could be a cautionary scenario for other fashion startups. The Wall Street Journal noted that Nasty Gal’s turbulent leadership turnover, poor employee communication and failure to financially balance its operations accordingly contributed to the trendy retailer’s sale to its competitor, Boohoo.com.
(Related on SJ: Boohoo Raises Guidance, Closes Nasty Gal Deal)
Alibaba is dabbling in the brick-and-mortar luxury scene. Jing Daily observed how the e-tailer’s new partnership with Bailian Group will elevate the in-store experience with digital devices and AI.
(Related on SJ: Where Does the Fashion Industry Stand on AI?)
Amazon’s affiliate rates increased and members’ finances could be taking a hit from this shift. The Verge spoke with bloggers, including Tracy E. Robey, who anticipated that her Amazon profit could decrease up to 20 percent, which could hurt her beauty business in the long run.
The coated fabrics market is booming. Global Market Insights, Inc. released a report that indicated the coated fabrics market size is projected to reach $27.4 billion by 2024, due to higher demands for better regulatory compliance in consumer goods.
Private equity firm Sentinel Capital Partners acquired Cabi Holding Co, LLC, a direct seller of women’s apparel in Canada, the U.S. and the U.K. The acquisition will boost Cabi’s market presence throughout the Americas and Europe and enable the seller to provide its technology resources to a diverse consumer base.
(Related on SJ: JackThreads Lays Off Staff, Seeks Buyer)
Tianhai Lace was endorsed by the Hohenstein Institute for its skin-friendly lace collection. The material provider’s Skin Friendly declaration follows its Oeko-Tex 100 certification, which was awarded to Tianhai Lace for minimizing the use of potentially hazardous chemicals in its supply chain.
(Related on SJ: VF, Aldi and Downlite Focus on Eco Forests, Feathers and Factories)
H&M, who regularly touts its circularity efforts, is being called out for allegedly burning 12 tons of new, unsold apparel each year.Read more
Going up against an 800-lb gorilla is a tricky prospect—especially if you’re going it alone so Walmart is wooing traditional retailers into its anti-Amazon online mall.Read more
The New York City Economic Development Corporation is set to open TechShop Brooklyn, a 20,500-square-foot shared advanced manufacturing center at the Brooklyn Army Terminal in Sunset Park on Oct. 30.Read more
By listening to customers and integrating his processes with his partners both up and downstream, Robert D’Loren’s Xcel Brands is moving at the speed of the consumer.Read more
China’s gross domestic product growth remained robust in the third quarter, increasing 6.8% year-on-year, easing marginally from the 6.9% growth recorded in first and second quarters this year compared to a year earlier.Read more
Consider that a child born in the U.S. will create 13 times as much ecological damage over their lifetime as a child born in Brazil, according to the Sierra Club.Read more