Ray-Ban's owner EssilorLuxottica announced it acquired Supreme for $1.5 billion, just a few years after VF Corporation paid $2.1 billion for the streetwear brand.

Analysis

Zombie brands, fire sales & quiet closures are plaguing the DTC world

July 10, 2024

What founders decide to do with stagnant zombie brands is proving to be the defining issue of the DTC space in 2024.

Amazon’s reported Temu-like discount store likened to ‘slap in the face’ by sellers

July 01, 2024

After reports that Amazon plans to launch a discount store akin to the likes of Temu and Shein on its website, third-party sellers on Amazon said the move threatens to erode their market share.

Other news to know

  • Five Below CEO Joel Anderson is leaving the company after more than a decade. This comes as its stock is down more than 52% this year and the company faces slowing sales, according to The Wall Street Journal.
  • Macy’s relaunched Epic Threads, a private label kids apparel and accessories line, part of the company’s ongoing private label revamp, Retail Dive reported.
  • Skechers sued LL Bean, claiming the clothing and outdoor gear maker illegally copied its shoe design, Reuters reported. Skechers said LL Bean’s Freeport casual shoes infringe two patented designs for “heel cups” surrounding the back of the foot, according to the outlet.
$826M
The most sales Five Below expects this quarter after previously projecting up to $850M
Top Stories Jul 19

Inside fashion retailer Mango’s playbook for U.S. expansion

July 18, 2024

Spanish fast-fashion retailer Mango is rapidly opening stores across the U.S. in a bid to make the country one of its top three markets.

Pakistani fashion brand Khaadi makes first moves in U.S.

July 18, 2024

Khaadi, a fashion brand that began in Pakistan especially known for women's clothing, is expanding into North America for the first time.

How Celsius rebranded itself to be a premium wellness energy drink

July 18, 2024

A little over a decade ago, energy drink brand Celsius was being delisted from many of its retail partners. Now, it's become one of the hottest beverage companies on the market. CEO John Fieldly spoke about the brand's growth.

Too Good To Go teams up with Whole Foods

July 17, 2024

Too Good To Go's latest partner is Whole Foods Market, which is now selling surplus prepared foods and baked goods on the app.

Limited Series
The modern brand's guide to doing more with less

It’s a strange time to be operating a consumer brand. Shoppers are more selective about what they spend and brands are struggling with how to interpret signs of conflicting consumer behavior. While many brands were recentlyswimming in cash, VC funding has now dried up and high interest rates make vehicles like debt less palatable. In this series, Modern Retail looks at the scrappy ways companies are continuing to build their brands and wow shoppers in this strange new operating environment

Podcasts

Technology

Amazon Briefing: Online sales surge to $14B during record-breaking Prime Day

July 18, 2024

Shoppers in the U.S. spent more than $14 billion online during Amazon’s 48-hour sales bonanza known as Prime Day, up 11% from a year ago. Here’s a breakdown of how Prime Day went.

Amazon Prime Day recap: Shoppers buy household items over pricey splurges on first day

July 17, 2024

Value-conscious shoppers helped drive up Prime Day sales by nearly 12% during the first seven hours of the event compared to the same period a year ago.

How QR codes help brands meet consumer expectations for sustainability

April 09, 2024

Katherine Ryan, vice president, brand marketing, Bitly From trending resale programs at top brands like Lululemon and REI that make sustainable shopping more accessible to scrutiny over Taylor Swift’s private jet carbon dioxide emissions, demand for sustainable shopping experiences and transparency is at an all-time high. Consumers have more access to information than ever, and […]

Marketing

Computer screen with various "your ad here boxes" scattered around the corners of the screen

CMO Strategies: A guide to display ads — benefits, obstacles and trends

July 17, 2024

The third installment of Modern Retail’s 2024 CMO Strategies series examines current investment into display advertising, as well as the business strategies and challenges that have developed for these online banner ads.

Why companies like Bespoke Post and Blume are reconsidering direct mail

July 15, 2024

Around a quarter of e-commerce brands say 26% to 50% of their marketing budget goes to direct mail, according to direct mail marketing firm Lob.

Vera Bradley’s CEO & CMO on revamping the early-aughts brand

July 12, 2024

Softer fabrics, mix-and-match patterns and a more streamlined store layout: Vera Bradley’s CEO and CMO sit down with Modern Retail to unpack the brand’s exhaustive refresh, an effort of 18 months of research and reshuffling.

Operations

What June’s retail sales say about consumer sentiment in 2024

July 17, 2024

So far, 2024 retail spending is up 2.3% year-over-year despite persistent concerns around inflation.

Illustration with a pan, a jar and underwear with tags spelling out D-T-C.

DTC Briefing: Buyers are becoming less enamored with DTC sales

July 16, 2024

Once used as a metric of success during buyer meetings, brands say retailers no longer focus on digital sales and instead want to see on-shelf performances.

How advertisers are leveraging Roundel’s best practices to maximize retail media spend

March 20, 2024

Renee Doerre, senior director of strategy and enablement, Roundel Creating impactful e-commerce strategies begins and ends with the consumer experience. From websites to apps to in-store experiences and third-party platforms, shoppers can connect with brands at many touchpoints. Consumers want a convenient and personalized shopping experience and advertisers must create lasting ways to capture and […]