1. Allbirds targets a more than $2 billion valuation in upcoming IPO: Allbirds also divulged Monday that its losses mounted in the latest quarter due to higher expenses. It said it expects to book a net loss of between $15 million and $18 million for the three-month period ended Sept. 30, compared with a loss of $7 million a year earlier. – Read More on CNBC
2. How digitization can make the fashion industry more sustainable: Digitization removes opacity and middlemen, improves speed, and lowers inventory days. This frees up margins and makes favorable changes to the bottom line. It also comes with other significant benefits like transparency, predictability, accountability, and traceability. – Read More on WE Forum
3. The future of retail? Buying from anywhere. Retailers need to be flexible to build loyalty with customers across a variety of sales channels, from in-person shopping to online ordering. – Read More on Fast Co.
4. RELATED READ: What Does an In-Store Sale Really Entail in an Omnichannel Retail World? “The push to include online sales in lease agreements has loomed for some time,” but it is “swiftly accelerating” now as brands are being forced to embrace an omnichannel retail model – and fast – in order to stay afloat. – Read More on TFL
5. Newly public A.K.A. Brands acquires men’s streetwear brand Mnml: A.K.A. Brands Holding Corp. has announced another addition to its clothing-brand portfolio, Mnml, a men’s streetwear label acquired for $48.6 million in combined cash and equity. – Read More on MarketWatch
6. Pandemic-fueled trends promise sustainable growth for online luxury fashion retailers: In Nov. 2019 some 11% of luxury handbags were marked down, with the share of markdowns increasing dramatically to nearly 20% by April 2020. But then it reversed. By August 2020, only 7% of luxury handbags were discounted and 10% showed a markup in price. – Read More on Forbes