Katey Arredondo

Nike ranks fourth on Depop and second on eBay with over 219,000 and 893,000 items, respectively. #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #Nike #ApparelResources #ApparelIndustry #RetailIndustry #FashionBrand

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Great insight below into the current beauty market by Glossy!

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Shares of Abercrombie & Fitch Co. are up more than 500% over the last year. How? And can they keep it? The secret(s) to success: A new product line, a more body-positive rebrand, and a new #footprint strategy. #Abercrombie #AbercrombieAndFitch #RetailTrends #FashionRetail #RetailNews #RetailInsights #RetailAnalysis #MarketWatch #RetailStat

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"Gen Z shoppers are bringing back the mall shopping center experience." Earnings reports the second half of May from companies like Abercrombie & Fitch Co., Gap and AMERICAN EAGLE OUTFITTERS INC. paint an encouraging picture of fashion retailers leading the resurgence of the mall shopping experience. Gen Z in particular is demonstrating an affinity for shopping in store. Retailers like the ones listed above understand this, and they're doubling down on their brick & mortar investments to give Gen Z (and other shoppers) a consistently rewarding in-store experience. This shift underscores what we've believed all along: that shopping in store will always be an essential part of the human experience. The key is understanding how customer expectations and preferences change over time, and adapting the shopping experience to those evolving customer behaviors. Thanks to Nathan Bomey and Kelly Tyko at Axios for the insightful article! #retail #fortheloveofretail #genZ #instoreexperience

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The topic of innovation is top of mind in the performance running shoe market – especially if you ask Nike, which has been widely criticized for having a lackluster product pipeline by analysts and the Street in recent months. But for Deckers chief executive officer Dave Powers, this isn’t an issue for its star running brand Hoka. Indeed, on the product front, Hoka is driving growth and consumer acquisition through innovative updates and new introductions across a diverse assortment of footwear. Footwear News Deckers Brands HOKA Nike Dave Powers #running #hoka #runningshoe #earnings #sneakers #nike #marathon

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US sues to block merger of Coach and Michael Kors handbag makers 👜 The US Federal Trade Commission has sued to block Coach parent Tapestry's $8.5bn deal to buy Michael Kors owner Capri saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers. It is unusual for the US regulator to try to block a high-end fashion merger. But in December, authorities issued new merger guidelines to encourage fair, open, and competitive markets. By using a new tactic under the guidelines, the FTC has argued that the merger of Tapestry and Capri would directly affect hourly workers who may lose out on higher wages due to reduced competition for employees. Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH and potentially win more share in the global luxury market. Sources: BBC, Reuters #Fashion #Finance #MergersandAcquisitions #Deals

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Retail Today / Retail Renaissance: This morning we are sticking with Specialty Retail, the amazing story of Abercrombie! 🔥🔥🔥 Abercrombie & Fitch Co. Under the leadership of CEO Fran Harowitz since 2017, she has recreated this brand that is setting customers, vendors and investors on fire. #customers #aspirationalshoppers Just a few crazy facts, their stock was up 390% last year! This year it’s up 100%! 💵💵💵 #investors #wallstreet Sales last year +16% , but first-quarter results this year +22%; a record breaking quarter. #sales Two fantastic brands: Abercrombie - focused on millennials. Hollister - appealing to GenZ. #abercrombiefitch #millennials #hollister #genz #brands How did they do it? “PRODUCT”! They listen to their customers and provided classic colors and styles. They aren’t afraid of SOCIAL MEDIA, working with both influencers and creators on TikTok. Joanna Williams #product #merchandising #fashion #style #design #socialmedia #tiktok Can they keep up this pace? Can Richard Dickson find a path forward for Gap? #gap #retail #retailtrends #retailindustry #shoppingexperience #brandexperience #apparelindustry #TopRetailExpert

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What are some of the KEEN (Side) Effects of purchasing KEEN boots? Max Romey gives a quick overview. Check out our full 2023 Impact Report at: https://lnkd.in/gKDyjfm7 #KEEN #KEENEffect #ConsciouslyCreated

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Why do people STAY in retail? Our research unearthed two main—and seemingly opposite—groups: 1. “Retail is demanding, stressful, and chaotic, but the camaraderie my team and I have, and the impact we make makes it worth it.” 2. “Retail is simple work, so it's great for folks who just want to work to live and aren't interested in the rat race of an ‘ambitious career.’” One feels like soldiers in battle, the other like a chill pastime. Both seem to be great workers. It made me wonder about the potential friction this might cause if people from both camps were on the floor together. It also forced me to notice how many retailers—who are struggling to retain talent—try to appeal to everyone and as a result, don’t really speak to either camp. I wonder what would become possible if a retailer dared to pick a camp based on their usual “retail reality” and focus on attracting the people who want that lifestyle. What do you think? #Retail #RetailRetention #RetailTalentAttraction #TalentAcquisition #EmployerBrand

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Sourcing Opportunity

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It’s nearly June, which means it’s time to commemorate LGBTQIA+ Pride month. But unlike in recent years, it isn’t business as usual for some companies, following a fierce backlash in 2023 over Pride-themed marketing and merchandise. Some Americans took their displeasure for Pride to a new level — for instance, by slamming Adidas and Nike online for using trans models and damaging store displays at retailers like Target. The firestorm came at the same time as a record number (over 500) anti-LGBTQIA+ bills were presented to state legislatures last year, according to the American Civil Liberties Union. See what company executives from UGG, Merrell, Reebok, Caleres, Inc., Saucony and more have to say about what their organizations are doing this June for Pride.

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📈 Exciting News in Fashion Resale! 🛍️ Did you know resale fashion is skyrocketing? ThredUp's 2023 Trend's Report predicts the global secondhand apparel market will hit $350B by 2028, growing 3x faster than the overall apparel market. 🌟 Platforms like Poshmark are leading this charge, reshaping shopping and sustainability. So, what's fueling this growth? 🌱 Sustainability: Poshmark offers a sustainable shopping solution, reducing waste by giving pre-loved items new life. 💼 Economic Empowerment: Beyond sustainability, Poshmark empowers sellers and buyers, helping turn closets into successful businesses. 🚀 Explosive Growth: Poshmark's impressive year-over-year growth underscores the popularity and viability of resale. Join the movement! And stay tuned for how poshlor (launching soon!) can help you capitalize on these trends. 👀 #ResaleRevolution #Poshmark #Sustainability #FashionForward #ExtensionTools #ColorSorting #Entrepreneurship #luxuryresale 🌟👗🌍

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