Bread and Butter Berlin, which was bought by Zalando, the ecommerce company in June 2015, is coming back in a different incarnation and location. It will no longer be at the Airport Tempelhof, but rather, in the same location during Berlin fashion week as Seek and Bright trade shows in Arena Berlin from September 2-4, […]
H&M’s latest sales report has come out for the first half of the year, with amazing results. According to Karl-Johan Persson, CEO, “The strong sales development has continued for all our brands with a sales increase in SEK of 23 percent excluding VAT during the first half-year. Including VAT, this means that sales in the […]
Bread & Butter has made an announcement today, June 8, 2015, regarding a new investor for the trade show, Zalando. Zalando is the Berlin-based online platform for fashion. With the help of Zalando, insolvency proceedings should be closed by 1st October 2015. The BBB team and concept and Zalando are a very good match, and […]
Conde Nast has been making several transitions for the past year and has announced through an exclusive with Business of Fashion, that Style.com will become a global ecommerce platform starting this fall. The editorial that is on Style.com will be moved over to American Vogue, which should limit some of the redundancy that’s been taking […]
Little was known about the fact that Karmaloop, the Boston-based streetwear ecommerce site that everyone strived to replicate or be a part of, was on the verge of bankruptcy. Launched by Greg Selkoe 15 years ago, it became one of the predominate sites for leading-edge streetwear brands. It also showcased Karmaloop TV at various trade […]
Target lost its cheap chic cache a couple of years ago, especially among youth culture shoppers. As our data has shown, Target used to be an important location for shopping for inexpensive fashion. The masstige collaborations were impressive, and the mix of items for sale including personal electronics, music, and beauty, made Target a fairly […]
Nasty Gal, the increasingly popular ecommerce site for edgy new designers and vintage fashion, just announced another round of investment at $16 million and the addition of former Apple executive, Ron Johnson. This is a Series C round, which is less than the $40 Series B round, but still shows the brand is on a […]
Fast-fashion giant H&M has released their nine months financial reports and increased profits by 19% in their 3rd quarter. This is quite remarkable given the difficult economy, especially when it comes to teen retailers. While Abercrombie & Fitch, Hollister, and others are struggling to gain the attention it once had from teens, H&M, as our […]
Footlocker announced June 26, 2014, that it would be moving their skate business from its CCS banner to Eastbay in a strategic transition. CCS was bought by Footlocker in 2008 for $102 million, and then transitioned from stores to online only. According to Footlocker, over the next several months, the CCS digital sites will continue […]
Fast-fashion retailer and brand H&M, based out of Sweden has released their year-end financials which show a strong response to several different factors. First, H&M’s Group sales were up by 9% during the financial year and 356 new stores were added, predominately in China and the USA. As our youth culture studies show, H&M is […]