This week the apparel sector discussed a domestic apparel industry, dabbled in the luxury e-commerce scene and pondered over the see now, buy now model.
Walmart and Amazon are at heads again. Bloomberg discussed whether Walmart’s recent acquisitions, including Jet.com and ModCloth, can provide the retailer with the digital ammo it needs to compete against the e-commerce tycoon.
See now, buy now has gained momentum among labels, but does this model have potential in the apparel industry? Reuters noted the challenging attributes of the model, including how designers must discount goods constantly and navigate a compressed inventory process.
“Made in America” is losing its patriotic appeal. Fast Company explained how the movement is being led by a new generation of American companies that are taking their supply chains locally and investing in innovative manufacturing.
(Related on SJ: Apparel and Footwear Spending Growth Continues to Decelerate)
Walmart is empowering the executives of its recently acquired companies. Walmart.com CEO and president Marc Lore discussed how the retailer is providing these executives, including those that helm Moosejaw, ModCloth and Shoebuy, with more leadership opportunities.
Coach’s acquisition of Kate Spade was on everyone’s lips this week. The New York Times explored whether Coach could strengthen the accessories brand domestically and potentially navigate a difficult retail scene.
(Related on SJ: Coach to Acquire Kate Spade in $2.4 Billion Deal)
When it comes to fashion startups, VCs are looking for specific attributes. Fashion & Mash shared that VCs gravitate toward businesses that have a unique vision and the ability to capture an audience with innovation.
(Related on SJ: Virtual Assistants Set to Change the Consumer Journey)
LVMH is taking aim at luxury e-commerce. Bloomberg said the company is launching a new website in June that will feature over 150 luxury labels and seeks to expand its hold on the high-end digital market.
(Related on SJ: LVMH and CSM Partner for Sustainable Innovation in the Luxury Market)