News

Fashion icons are mourning the death of the industry as we know it

The coronavirus pandemic has battered a fashion ecosystem that was already showing signs of collapse. Some industry leaders are speaking openly about the need to completely overhaul the system. “I think in general, we’ve created a system that is unrealistic and a strain for even the largest of brands,” Anna […]
Fashion icons are mourning the death of the industry as we know it
Lifestyle

Glossier’s new partnership with Nordstrom proves the luxury department store remains a favourite for e-commerce brands looking to dabble in brick-and-mortar, even as other high-end retailers flounder

Glossier has opened pop-up shops inside seven Nordstrom locations around the US. The pop-ups will only sell the brand’s popular fragrance, Glossier You, Business Insider previously reported. Glossier’s decision to partner with Nordstrom and enter into the wholesale retail sphere is on trend with other direct-to-consumer brands that have chosen […]
Glossier’s new partnership with Nordstrom proves the luxury department store remains a favourite for e-commerce brands looking to dabble in brick-and-mortar, even as other high-end retailers flounder
Lifestyle

Barneys shutting down is ‘surreal’ but ‘not surprising,’ says the millennial CEO at the head of a luxury eyewear brand that Jeff Bezos and Brad Pitt have been spotted wearing

Garrett Leight, the founder, CEO, and Creative Director of luxury eyewear company Garrett Leight California Optics, used to sell his products in Barneys. Barneys was one of his first introductions to the mass retail market, and Leight said it was “surreal” that the retailer was closing down. But at the […]
Barneys shutting down is ‘surreal’ but ‘not surprising,’ says the millennial CEO at the head of a luxury eyewear brand that Jeff Bezos and Brad Pitt have been spotted wearing
News

Barneys officially sells to Authentic Brands Group in a deal that is expected to close most of the luxury chain’s remaining stores, leaving 2,000 jobs in uncertainty

Bankrupt Barneys officially sold to Authentic Brands Group on Friday morning, following approval from bankruptcy judge Cecelia G. Morris on Thursday. The deal as it stands will lead to the shuttering of most of Barneys’ remaining stores. However, the flagship location in New York City will remain open for at […]
Barneys officially sells to Authentic Brands Group in a deal that is expected to close most of the luxury chain’s remaining stores, leaving 2,000 jobs in uncertainty
News

Nordstrom’s massive new flagship is a gamble in an age of retail doom and gloom

Nordstorm opened its seven-floor New York City flagship this week, but experts are cautiously optimistic about what such a massive investment might mean for the business moving forward. Both analysts and customers alike expressed hesitation and uncertaintly about the store, particularly in the wake of Lord & Taylor closing its […]
Nordstrom’s massive new flagship is a gamble in an age of retail doom and gloom
News

All Barneys stores could close as part of a tentative $271 million deal

Barneys New York reached a tentative $US271 million agreement to sell its remaining assets to Authentic Brands Group and investment firm B. Riley Financial on Wednesday, according to court documents. As part of the deal, the remaining seven Barney’s locations may be shuttered, though Authentic Brands Group intends to licence […]
All Barneys stores could close as part of a tentative $271 million deal