2022 Archives

Hitting The Mark: Why Markdowns Matter More Than Ever

McKinsey: Why Markdowns Matter More Than Ever Many US retailers are reducing prices to clear excess inventory. Smart markdown strategies will make a huge difference to their bottom lines. The US consumer, just like the US economy, has been anything but predictable over the past few years—and the rapid changes…Read More

Gen Z Has a Taste for Activism, Thrifting, and Cultures Outside Their Own

Sourcing Journal: Gen Z Has a Taste for Activism, Thrifting, and Cultures Outside Their Own DIY fashion, activism and entrepreneurship are tracking for 2023, according to Instagram. The social media platform’s 2023 trend report serves as a “data-driven guide to the cultural and social trends” as defined by Gen Z. Instagram partnered…Read More

Glossy 50 2022: The People Who Shaped Fashion & Beauty This Year

This year redefined fashion and beauty. For industry insiders, it was a year of contending with evolving shopping behavior, accelerated trends and new consumer expectations, spurred by technology and pandemic-overhauled priorities. And that’s not to mention ongoing economic instability and related logistical roadblocks. Companies managing to triumph through the tumult…Read More

Why Farfetch invested $200 million in Neiman Marcus

The retailers announced a global strategic partnership that will expand Neiman Marcus Group’s e-commerce services. CEOs José Neves and Geoffroy van Raemdonck explain the deal. Farfetch will invest up to $200 million in Neiman Marcus Group (NMG), which owns Neiman Marcus and Bergdorf Goodman, in a strategic partnership that bridges…Read More

How Fashion Is Using NFTs to Sell Exclusive Physical Products

News How Fashion Is Using NFTs to Sell Exclusive Physical Products “Fashion is an expression of identity or belonging or cultures or even status…same thing with NFTs,” said Krzysztof Gagacki, a crypto entrepreneur and co-founder of reBASE, who is working on a forthcoming NFT collection called CY-B3LLA with supermodel Bella…Read More

Retail Tech: Guess Virtual Stores, J.Crew and Madewell Tap PTC, MakerSights

News Retail Tech: Guess Virtual Stores, J.Crew and Madewell Tap PTC, MakerSights “Brick-and-mortar retailers still face a lot of uncertainty, but digital twins have enabled us to streamline our operations worldwide and build exciting, virtual experiences that set us up for long-term success,” said Jacklyn De Antunano, project manager, training…Read More

From Gap to GameStop, there’s a retail executive exodus underway — and more departures are coming

News From Gap to GameStop, there’s a retail executive exodus underway — and more departures are coming “There’s a lot of concern heading into the third quarter and fourth. It’s not getting easier soon,” he said. A survey of 3,000 business executives this fall by AlixPartners found that 72% of…Read More

Retail Tech: Walmart Orders 4,500 Last-Mile EVs, Klarna Valuation Drops 85%

News Retail Tech: Walmart Orders 4,500 Last-Mile EVs, Klarna Valuation Drops 85% “We’re thrilled to continue diversifying our last mile delivery fleet with Canoo’s unique and sustainably focused all-electric technology which will provide our associates with safe, ergonomic delivery vehicles,” said David Guggina, senior vice president of innovation and automation,…Read More

Watchlist: Southeast Asian Brands, the Warby of Wigs, and Talent-Search Tech

News Watchlist: Southeast Asian Brands, the Warby of Wigs, and Talent-Search Tech In developing their line of footwear insoles, Libie Motchan WG21 and Daniel Nelson WG21 faced an age-old problem: How do you make a boring product cool? Their solution is to take aim at foot problems that plague people…Read More

Dagne Dover’s Three Female Cofounders Are Passionate About Sustainable Fashion

News Dagne Dover’s Three Female Cofounders Are Passionate About Sustainable Fashion “As a company, we’ve always loved what we do, but initially the lack of sustainable material options was an issue that we didn’t feel 100% great about,” say the cofounders. “Now, we are prouder than ever before about the…Read More

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Tangen Hall, 5th Floor
115 South 40th Street
Philadelphia, PA 19104

215-573-8245
bakerretail@wharton.upenn.edu

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