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)
Layered looks and practical items come together for S/S’18 menswear trends.Read more
DownTek ZeroPFC expands with Enlightened Equipment, Applied DNA gets a major order and Gore-Tex grows its sustainable portfolio.Read more
JC Penney is facilitating a more transparent supply chain with its latest certification.Read more
Now that Trump has pulled the U.S. from the Paris Agreement, the implications for the fashion industry—one of the leading sources of pollution—are complicated.Read more
A study from the International Institute for Sustainable Development shows that voluntary environmental standards are growing across select agricultural sectors, but remain a marginal force across global production.Read more
Athletic footwear brands are stepping up to promote better working conditions worldwide.Read more
Under Armour appointed Patrik Frisk as the company’s new president and COO. Plus, Finish Line, Inc. announced its Q1 fiscal year 2018 results.Read more