DTC: Page 58
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Amass Brands acquires operating assets of wine company Winc
The spirits conglomerate is taking on several brands from Winc’s portfolio, which filed for bankruptcy in December due in part to declining DTC sales.
By Dani James • Jan. 27, 2023 -
Newell Brands to lay off 13% of office staff
The cuts will be done by the end of 2023 and are part of a broader restructuring plan aimed at saving up to $250 million a year.
By Xanayra Marin-Lopez • Jan. 27, 2023 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Activewear brand On doubles down on triathlon with three brand ambassadors
The company is also launching an “On Track Nights” global running event series that will feature athlete appearances and track races.
By Tatiana Walk-Morris • Jan. 27, 2023 -
Retrieved from Gymshark on January 26, 2023
Gymshark lays off 65 US employees
The U.K.-based athletics brand joins a growing list of direct-to-consumer companies announcing layoffs as the year starts.
By Dani James • Jan. 26, 2023 -
Paula’s Choice CEO exits
Tara Poseley, who has led the brand since 2016, is succeeded by Chief Marketing Officer Erika Kussmann.
By Dani James • Jan. 26, 2023 -
Retrieved from Nugget on January 26, 2023
DTC kids brand Nugget raises prices
The company, known for its modular couches, cited rising production costs as the reason for needing to adjust prices for the first time since 2014.
By Caroline Jansen • Jan. 26, 2023 -
Podcast
The Backroom: What’s going on with DTC this year?
The team introduces new co-host Dani James and talks about changes in the direct-to-consumer space and the ongoing importance of brick and mortar.
By Retail Dive Staff • Jan. 26, 2023 -
Hims & Hers unveils new shampoo, conditioner products
The new line of volumizing products comes as the brand continues its brick-and-mortar expansion with wholesale partners.
By Tatiana Walk-Morris • Jan. 25, 2023 -
Kristen Bell’s CBD skincare brand to shut down
Happy Dance’s parent company, Cronos Group, has been exiting wholesale in its U.S. segment, which includes prestige brand Lord Jones.
By Dani James • Jan. 25, 2023 -
Former Kind execs launch incubation and investment firm Camino Partners
The entity represents a new name and mission for Daniel Lubetzky’s Equilibra Partners Management, with a goal of helping startups on their journey.
By Megan Poinski • Jan. 25, 2023 -
Serta Simmons files for Chapter 11
The company, whose holdings include DTC brand Tuft & Needle, is also suing to uphold the terms of a 2020 loan that it calls “critical.”
By Daphne Howland • Jan. 24, 2023 -
Purple rejects takeover bid
Coliseum Capital Management sent the brand an unsolicited proposal in September to acquire its remaining common stock for $4.35 a share.
By Caroline Jansen • Jan. 24, 2023 -
Savage X Fenty launches pop-up shop ahead of Rihanna’s Super Bowl performance
The Los Angeles pop-up will showcase a limited edition Game Day collection, featuring hoodies, sweatpants, varsity jerseys and more.
By Tatiana Walk-Morris • Jan. 24, 2023 -
Prestige brand Makeup by Mario raises $40M
Founded by celebrity makeup artist Mario Dedivanovic, the brand joins a list of companies that have snagged funding amid a downturn in VC-backed capital.
By Dani James • Jan. 24, 2023 -
Bottleneck at LA distribution center eats away at Dr. Martens earnings
The footwear retailer found itself overwhelmed with inventory after orders arrived earlier than anticipated.
By Max Garland • Jan. 24, 2023 -
Away taps former Foxtrot exec as chief marketing officer
As the travel brand sees increased interest in travel from consumers, Carla Dunham brings marketing experience from Foxtrot and Equinox.
By Dani James • Jan. 23, 2023 -
Thirteen Lune raises $8M in seed round
The company said that the investment puts it on track to reach profitability this year.
By Tatiana Walk-Morris • Jan. 23, 2023 -
Levi Strauss hires Nordstrom vet as chief digital officer
Jason Gowans, who will report to Michelle Gass, will help grow the company’s direct-to-consumer business.
By Tatiana Walk-Morris • Jan. 23, 2023 -
Hatch gains operational control over Destination Maternity, A Pea in the Pod, others
Marquee Brands has taken a minority stake in the newly-formed Hatch Collective, led by Hatch CEO and founder Ariane Goldman.
By Dani James • Jan. 23, 2023 -
8 DTC retail trends to watch in 2023
With macroeconomic challenges from 2022 seeping into the new year, brands are balancing out their store count, pushing for profitability and more.
By Dani James • Jan. 23, 2023 -
Wayfair lays off nearly 2K employees
The staff reductions, representing 10% of the company’s global workforce, mark the second round of layoffs at the retailer in less than six months.
By Caroline Jansen • Jan. 20, 2023 -
Sephora adds Nutrafol, Proven to its lineup
The beauty retailer is continuing to seek out popular DTC brands to sell online and in stores.
By Tatiana Walk-Morris • Jan. 19, 2023 -
Peloton appoints chief marketing officer
Leslie Berland most recently held the CMO role at Twitter and brings about a decade of experience from American Express.
By Dani James • Jan. 18, 2023 -
Purple taps Sephora vet as chief of owned retail
Scott Kerby, who also previously held roles at Old Navy, Bath & Body Works, L Brands and American Eagle, reports to CEO Rob DeMartini.
By Caroline Jansen • Jan. 18, 2023 -
Swiss brand On is profitable and growing. It also has a deep wholesale presence.
Co-CEOs Marc Maurer and Martin Hoffmann talk through the brand’s approach to scale, new store openings and why wholesale works.
By Cara Salpini • Jan. 13, 2023