“Today, more than ever, shoppers understand that how and where they spend their dollars can drive real economic impact,” says Geenie founder Chana Ginelle Ewing.
We’re living in a time when major corporations are being put on blast — for problematic labor practices, problematic leadership, problematic political affiliations, problematic sustainability practices, you name it. And consumers are increasingly questioning where and how they spend their dollars.
Fortunately for beauty shoppers, it also happens to be a boom time for indie beauty brands, many of which are BIPOC-owned and driven by principles of inclusion, philanthropy and lifting up marginalized people. But parsing through the many (many) emerging labels on the market — and determining what their values are — can be complicated and time-consuming. Enter Geenie, a new e-commerce marketplace founded by author and marketing veteran Chana Ginelle Ewing, that seeks to pair shoppers with indie
Mall Operator Simon And Authentic Brands Jointly Make $305M Stalking Horse Bid For Bankrupt Brooks Brothers
Brooks Brothers Inc. announced Thursday it was seeking a bankruptcy court’s permission to enter an asset purchase deal with Sparc Group LLC, a joint venture between the Barneys and Nautica brands owner Authentic Brands Group LLC and mall operator Simon Property Group Inc (NYSE: SPG).
Sparc is offering to buy all of the beleaguered retailer’s worldwide business operations for $305 billion and will continue to operate 125 of Brooks Brother’s retail locations.
A United States Bankruptcy Court for the District of Delaware is due to consider the stalking horse bid — a reference to an initial-bid on assets of a bankrupt company — as well as the bidding procedures on August 3.
The deadline for competing offers has been set for August 5 and the hearing to approve the sale would take place on August 11, 2020.
Brooks Brothers, a two-hundred-year-old retailer, commenced Chapter 11 bankruptcy proceedings earlier
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The footwear industry has struggled with a sales slump during the pandemic, but the outdoor market has performed well — even seeing substantial growth as the weather has improved. Today, FN hosted several industry experts in its latest virtual roundtable discussion, presented by Afterpay, about what is to come for the outdoor industry and its consumers.
In “Outdoor & Fashion: The New Frontier — How Reinvention Will Reshape The Market,” executives from Birkenstock, Merrell, NPD Group and Afterpay came together for a conversation about both short- and long-term trends. With more consumers participating in sporting activities and shopping differently, the industry is facing a new retail landscape.
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FN senior outdoor and athletic editor Peter Verry moderated the conversation. He was joined by Melissa Davis, chief revenue officer at Afterpay; David Kahan, CEO at Birkenstock; Chris Hufnagel, global brand president
Though it might seem for some people that the traction surrounding the recent Black Lives Matter uprising had died down, in reality, the work is only just beginning. Companies and customers alike are still making important shifts in the way they operate in order to support Black communities fairly and more consistently. Some retailers, such as Sephora, have pledged to continually increase the number of Black-owned brands it carries in its stores, and some brands such as Lashify are participating in mentorship programs for Black business owners. Meanwhile, Target is rolling out an online feature to make it easier for customers to identify and shop from Black-owned brands.
Target’s new feature is a small beige badge showcasing several neutral-colored hearts, which the company is using to label all Black-owned and Black-founded brands on its website. The badge appears in the retailer’s “at a glance” category, located within each product page’s
When Costco customers see the red and black Kirkland Signature label, they know they’re going to get a good product at a great price. But they don’t always know who’s making it.
Store brand products like Kirkland are typically manufactured by third parties, not the store itself. Many of these behind-the-scenes companies are actually famous retail titans, so you can save big on your grocery bill without losing quality.
While plenty of the names behind Kirkland Signature products are public knowledge — some printed right on the box — others remain a closely guarded secret. More than a few rumors have popped up from people claiming to be in the know.
Here are the names we can confirm and the myths we can debunk, assuming no recent supplier swaps:
Websites including Dog Food Insider claim that Kirkland Signature Dog Food is actually manufactured by Diamond Pet Foods, also known … Read More
When it comes to building a summer wardrobe, swimwear is of the utmost importance. You can score heaps of poofy sundresses, dozens of denim cutoffs, and a lifetime’s supply of white crop tops, but it’s a good bikini or one-piece that you’ll spend most of your time in when by the pool or body of water. There’s just one problem: Finding a swimsuit that works for you is far from easy, especially if you don’t know where to look.
Over the last few weeks, a lot of research has been done into ways to support the Black community. And, in addition to donating, marching, educating themselves, and signing petitions for better legislation, people can also financially support Black-owned businesses. And with the summer solstice just days away, what better way to champion these businesses than by stocking up on swimwear made by Black designers — all of which offer a
Other than being fashion failures, what do Laura Ashley, Karen Millen, Coast, Oasis and Warehouse have in common?
Despite collapsing and closing all their stores, the brands are surviving online after being bought by a mix of trade buyers or indeed rivals. These brave – or perhaps crazy – businesses are hoping that the brand DNA is strong enough to lure shoppers to their respective websites and convince them to spend.
Other than Laura Ashley, which is still trading from stores for now, all of the aforementioned brands have been bought by Boohoo.
The timing is seemingly in their favour, as click-and-collect in shops might become less popular with more people working from home and able to accept deliveries. Plus, with over a quarter of shoppers now planning to spend more online after the lockdown restrictions are lifted, according to Global Data, it is
You might think buying products at bargain-basement prices is the best way to save money. However, the truth is that name brands are often the better bet for items you want to stand the test of time. From touted toolmakers to outdoor outfitters, many of your favorite companies offer warranties covering their wares for the span of the buyer’s lifetime — or even beyond. Before you buy, know who has the best policies.
Not only does Aldi offer tons of savings, but the low-priced grocer also impresses with its famous Twice as Nice Guarantee. If you’re not satisfied with a product, Aldi will both replace it and refund your money. Just make sure to return the packaging and any unused product to your local store manager. This guarantee does not apply to nonfood Aldi Finds items, alcohol, national brands and items being returned for reasons that are unrelated to quality.… Read More
The coronavirus crisis has forced automakers to get crafty with car sales, and incentives like low financing rates and deferred payment options are luring customers into car lots — even if they’re not actually entering the dealership. In fact, many car companies are making it easy for buyers to shop online, make a purchase and receive their new vehicle without ever leaving their homes.
Here’s a look at what every major automaker is doing to tempt new buyers. However, it’s important to note that you have to read the small print. Restrictions often apply, many offers are available only through participating dealers and most deals are only good for well-qualified buyers who get loans through the automaker’s financing arm. But one thing is for sure with all these new offers, the auto industry is changing.
Last updated: July 3, 2020
Acura is extending a 90-day payment deferral program for
It’s time for Constellation Brands to toast the completion of its latest acquisition, one made with the future of alcohol consumption in mind.
The maker of Corona beer and Robert Mondavi wine said Wednesday it will purchase direct-to-consumer wine brand Empathy Wines. Terms of the transaction weren’t disclosed. Empathy Wines was founded in 2019 by well-known entrepreneur, wine expert and media personality Gary Vaynerchuk. The deal comes on the heels of Constellation Brands (STZ) selling its lower priced wine portfolio to E.J. Gallo for $1.1 billion. It will instead focus its efforts on higher-end wines such as Robert Mondavi and now, Empathy Wines.
The Empathy brand hawks $20 bottles, sustainably raised wine delivered directly to subscribers. Vaynerchuk — who has extensive marketing experience and is the CEO of VaynerMedia – has used his 10 million plus follower presence on Twitter and Instagram to help drive interest and sales for Empathy