.png?width=456&height=312&name=logo-vert-traub%20(2).png "logo-vert-traub (2)"){kind=logo}
This week, Gwyneth Paltrow’s Goop is restructuring the business to focus on fashion, beauty and food, indie boutiques are luring luxury buyers away from department stores, and more.
RETAIL NEWS
If old-school department stores and malls were all about excess, this new kind of store emphasizes the opposite. These smaller stores are not exactly competing with online retail: Instead, they’re adapting, and shrinking, to complement it.
Simon Rebrands and Revamps E-commerce Site With Large Sale-priced Assortment
The ShopSimon website launches Thursday with on-sale and discounted merchandise, while continuing to offer outlet products from brands.
Goop Refocuses Business on Fashion, Beauty and Food, Resulting in Layoffs
Gwyneth Paltrow’s Goop is restructuring the business to focus on three key areas, and laying off 18 percent of its 216-strong workforce. While over time it created products in multiple categories, including wellness, home, travel, fashion, food, beauty and sexual wellness, the 16-year-old company is now restructuring to focus on fashion, beauty and food. It also revealed its food vertical, Goop Kitchen, recently completed a $15 million capital raise from Uber cofounder and CloudKitchens CEO Travis Kalanick.
How Ulla Johnson Played Fashion’s Long Game
After 25 years in business, Ulla Johnson has reached nine figures in annual sales by charting her own course, from resisting outside fundraising to embracing what she calls “slow fashion.” With a new CEO at the helm, she’s once again looking to enter the next stage of growth her own way.
How Moon Boot became a luxury brand
Moon Boot is coming down to earth. On Tuesday, the Italian brand which has focused on snow boots for the last 55 years, announced a sneaker style dubbed the Park. It’s among the first moves in a grand brand makeover that kicked off in 2020 and centers on reaching Gen Z.
Do Mass Brands Need Creative Directors?
This week, Uniqlo appointed Clare Waight Keller the creative director of its main line, while Stefano Pilati signed on for a collection with Inditex flagship Zara and Zac Posen staged a New York Fashion Week bash with Old Navy. The jury is still out on whether hiring designers from high-fashion will drive retail results.
Skims Opens Men’s Pop-Up At Nordstrom And Outlines Retail Expansion
Initially thriving as a direct-to-consumer (DTC) brand, it has since ventured into physical retail, first through a series of pop-ups and then with the opening of permanent stores. This bold expansion into the physical retail space—through standalone stores and wholesale partnerships—underscores the brand's commitment to becoming a global leader in everyday essentials.
Under Zac Posen, Old Navy releases the ‘94 Reissue collection playing to the nostalgia trend
Zac Posen and Old Navy are celebrating the brand’s 30th anniversary by launching the ’94 Reissue collection, a limited-edition line that revives the brand’s iconic pieces from the 1990s. Hitting stores on September 13, the collection draws on Old Navy’s deep history of shaping casual American fashion, while Posen’s creative leadership brings a modern twist to the classic designs.
How Indie Boutiques Are Luring Luxury Buyers Away From Department Stores
Private shopping, sharp tailoring, and access to the most coveted clothes are a few perks keeping clients coming back for more.
What the ruling on the Tapestry-Capri deal means for the future of fashion
Tapestry Inc.’s attempted $8.5 billion acquisition of Capri Holdings heads to a federal court trial on Monday after facing opposition. For those in the fashion industry, the outcome is set to be impactful.
Forget the Velvet Rope. Private Members’ Clubs Are Booming—and They Want You Inside.
New clubs are putting out welcome mats, and their proliferation is making it a buyer’s market. How long will the good times last?
Walmart Makes Its Fashion Week Debut
America’s largest retailer hosted a pop-up shop in New York City over the weekend, touting its affiliation with designer Brandon Maxwell and announcing its fashion ambitions after recent seasons of promising sales in apparel.
Tapestry close to selling Stuart Weitzman brand
The sale comes as Tapestry, the owner of Coach and Kate Spade, is set to battle in court with Federal Trade Commission over the regulator's attempt to block its planned $8.5 billion purchase of Capri Holdings, whose brands include Michael Kors, Versace and Jimmy Choo. A sale of Stuart Weitzman may help Tapestry fund the Capri deal and jettison a business that has struggled recently, according to the report.
European Luxury Shares’ $240 Billion Rout Is Just the Beginning
Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewellery are languishing.
BEAUTY NEWS
Walgreens Wants In on Beauty Dupes With In-house Skin Care Line
Walgreens is launching a skin care line offering affordable dupes for prestige skin care products by brands like Laneige, Glow Recipe and Kiehl's.
Branded Acquires Heyday To Form $400 Million Wellness and Beauty Company Essor
Branded, a consumer products platform and brand acquirer, has acquired digital brand creator and acquirer Heyday to form a new company Essor, meaning flight in French. The terms of the deal were not disclosed, though in merging together, the overall portfolio, which includes brands like Boka and ZitSticka, has reached $400 million in annual revenue.
The Shiseido-OSEA Deal Is No More
The Shiseido-OSEA deal is off for now, multiple sources told WWD. As previously reported by WWD in July, Shiseido was said to be pursuing skin care brand OSEA and was close to signing a deal, although neither party commented publicly on the matter.
Bubble is teaming up with Juice Press as it enters the lip care category
Bubble and Juice Press have developed a secret berry-flavored juice in line with Bubble’s new berry-flavored lip balm.
Net-a-porter Confirms Beauty Business Will Shift to Affiliate Model in 2025
The luxury e-commerce platform will shutter its in-house beauty business early next year, pivoting to an affiliate model featuring a trimmed selection of brands.
L Catterton Acquires Majority Stake in Latvian Bath and Body Care Retailer Stenders
L Catterton has acquired a majority stake in Stenders, a bath and body care company founded in Latvia in 2001 that now has a presence in 20 countries. The transaction, terms of which were not disclosed, positions Stenders to accelerate its international expansion across Asia, Europe, the Middle East and the U.S., according to L Catterton.
Selena Gomez's Rare Beauty pauses its sale process
Rare Beauty isn't yet worth $2 billion, more than six months after hiring bankers to find a buyer at that price. And now the sale process is on hold, according to multiple sources. Word is that the effort was focused on strategics, rather than on private equity. This reflects growing acquirer unease with paying big money for both celebrity brands and mono-brands.
Why Male Beauty Shoppers Are Turning to Amazon
Several prestige skin, body and hair care brands that recently joined Amazon after years of eschewing the platform are seeing an unexpected but most welcome uptick in male shoppers, historically a harder market to crack, although it is now steadily growing.
COMINGS & GOINGS
- Fredrik Olsson Named CEO of PVH EMEA WWD
- Fear of God Hires Ex-Jacquemus CEO Bastien Daguzan BoF
- Fusalp Names Pascal Conte-Jodra CEO WWD
- Givenchy Names Sarah Burton Its New Designer BoF
- Chanel Names New Head of Fragrance and Beauty WWD
- Antonio Marras Names CEO WWD
- Ib Kamara officially takes creative control at Off-White Vogue
