DTC: Page 34
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Purple Q3 revenue drops on ‘soft demand,’ lowers full-year guidance again
The mattress company saw net revenue decrease 2% year over year, with a decline in its direct-to-consumer channels while wholesale grew.
By Dani James • Nov. 10, 2023 -
Gen Z brand Cider opens NYC pop-up
The store, located in New York City’s SoHo neighborhood, marks the first U.S. pop-up for the fast-fashion brand.
By Howard Ruben • Nov. 10, 2023 -
Trendline
How the purpose of stores is evolving
Stores have always evolved in order to compete as times, technology and tastes change. And, most of all, to please customers.
By Retail Dive staff -
Column
The Weekly Closeout: Kohl’s board chair to step down, Athleta debuts experiential fitness series
The department store said Peter Boneparth will retire in May, while the athletics brand is planning events across North America.
By Retail Dive Staff • Nov. 10, 2023 -
Allbirds Q3 revenue drops over 21%, forecasts soft holiday season
The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."
By Dani James • Nov. 9, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group considers strategic alternatives
The lifestyle company, which has a brand portfolio that includes Sundry and Stateside, hopes to find shareholder value amid its public market performance.
By Dani James • Nov. 9, 2023 -
Warby Parker opened 11 new stores in Q3, raises full-year guidance
The vision brand's net revenue increased over 14% and executives said the company has long-term potential to operate at least 900 stores.
By Dani James • Nov. 8, 2023 -
Kendra Scott expands into fragrance
The accessories brand launched a limited collection of scents, which debuted in all company-owned stores Wednesday.
By Howard Ruben • Nov. 8, 2023 -
Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%
The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.
By Daphne Howland • Nov. 8, 2023 -
Under Armour revamps marketing approach as outlook worsens
CEO Stephanie Linnartz also touted the addition of John Varvatos to its design team and said he is already building a “design-led culture.”
By Cara Salpini • Nov. 8, 2023 -
Olaplex sales drop 30% amid a ‘lower level of demand’
The hair care brand narrowed its full-year guidance as well, though its owned e-commerce website experienced growth.
By Dani James • Nov. 7, 2023 -
On, Reformation among brands launching sustainable footwear collective
The group’s proposed solution is to collectively minimize waste, reduce emissions and bring a circular approach to the footwear industry.
By Laurel Deppen • Nov. 7, 2023 -
Allbirds releases updated version of Wool Runner shoe
The brand — which is undergoing a transformation plan — launched the original version of what would become its first-ever sneaker in 2016.
By Dani James • Nov. 6, 2023 -
J.McLaughlin opens second menswear-only store
The Palm Beach, Florida, location comes as the brand places a renewed focus on its men’s business.
By Howard Ruben • Nov. 6, 2023 -
Beyond Meat slashes workforce as business model is under fire
The plant-based giant, which is laying off 19% of its non-production workforce, continues to face headwinds as consumers prioritize affordability.
By Elizabeth Flood • Nov. 6, 2023 -
True Classic debuts its first owned and operated store
The DTC brand plans to add three locations by the end of the year. The openings come after the company opened stores in partnership with Leap.
By Howard Ruben • Nov. 3, 2023 -
Figs opens first brick-and-mortar store
The DTC healthcare apparel brand opened an LA shop, announced plans for a second location in Philadelphia and raised its full-year outlook.
By Dani James • Nov. 3, 2023 -
CosRx acquired after Amorepacific takes controlling stake
The beauty brand will be integrated as a subsidiary of Amorepacific, which also houses brands like Laneige, Sulwhasoo and Innisfree.
By Caroline Jansen • Nov. 2, 2023 -
Peloton Q1 total revenue drops, expects muted holiday season
The fitness company's net loss during the quarter improved 61% and the brand reinstated full-year guidance.
By Dani James • Nov. 2, 2023 -
Wayfair’s Q3 revenue up 3.7% after 9 consecutive quarters of declines
The online retailer also narrowed its loss in the quarter. But the company has a ways to go to recover from the sharp decline in demand in the category.
By Caroline Jansen • Nov. 1, 2023 -
Skims named official underwear partner of the NBA, WNBA and USA Basketball
The partnership comes on the heels of the Kim Kardashian-founded brand announcing last week that it was entering the men’s category.
By Howard Ruben • Nov. 1, 2023 -
Canada Goose taps new CFO, lowers full-year outlook
The luxury apparel brand saw direct-to-consumer revenue in Q2 increase 15% year over year as it focused more on the channel.
By Dani James • Nov. 1, 2023 -
Lush launches wholesale partnership with Ulta Beauty
The brand is selling a range of exclusive products available only on the beauty retailer’s website.
By Caroline Jansen • Oct. 31, 2023 -
Columbia reports $986M in Q3 sales, lowers full-year guidance
The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”
By Laurel Deppen • Oct. 31, 2023 -
The tricky business of direct-to-consumer caskets
Brands such as Titan Casket are trying to disrupt an industry dominated by legacy manufacturers who sell through funeral homes. Could updates to a key federal rule help encourage competition and better inform consumers?
By Dani James • Oct. 31, 2023 -
The Skinny Confidential lands in Nordstrom
The move marks the first nationwide retail partnership for the company’s beauty brand, which launched in 2021.
By Howard Ruben • Oct. 30, 2023