In this week's news, teens still love Nike but a tad bit less, Anthropologie grabs inspiration from The Met and the Gilded Age while its sister brand Urban Outfitters lowers prices before the holidays. Meanwhile, Authentic Brands Group tied up with Saks to grow its luxury brands including Barneys New York, Judith Leiber Couture, Hervé Léger and Vince.?
- According to Piper Sandler’s 48th semi-annual Taking Stock with Teens survey, Nike continues to be the favorite footwear and apparel brand of teens, it did lose some ground. In footwear, it lost four points of share compared to last fall (57% versus 61%), while it lost eight points among females (48% versus 56% last year). The brand gave ground to New Balance (up four points from last year), Adidas (up two points) and Birkenstock (up one point). (Retail Dive)
- H&M is applying technologies to improve the customer experience, localizing assortments and testing some new concepts and services, while continuing to increase its store count. According to Michael Beaumont, head of expansion for H&M Americas, all 12 stores in Manhattan over the next few years will be either fully rebuilt, refreshed, relocated or simply brand new. (WWD)
- Madewell and luxury vintage e-tailer Reluxe Fashion introduced 550 pre-loved designer pieces on Madewell.com and via trunk shows at Madewell stores in New York City, Washington D.C., Austin and Los Angeles. The partnership speaks to several fashion trends, including brands aligning with sustainability-focused companies and causes, and retailers prioritizing in-store experiences. (Glossy)
- Anthropologie has partnered with The Metropolitan Museum of Art to launch a 44-piece homeware collection for the holidays available on the retailer’s website and at its stores in the U.S. Taking its inspiration from the 19th Century Gilded Age, the Anthropologie collection includes dinnerware, serveware, glassware and barware, a classic tea set, textiles, candles and decorative accents. (Retail Dive)?
- Urban Outfitters is promoting new price drops in Q4 ahead of the height of the holiday season. The offering is centered on men’s and women’s apparel, including graphic T-shirts, pants, dresses, sweaters, sweatshirts and jackets. (Retail Dive)?
- YOOX NET-A-PORTER (Fashion e-tail) was acquired by Mytheresa from Richemont.
- Hatch (maternity brand) was acquired by Go Global.
- HRB Brands (personal care) was acquired by Sodalis Group from Tengram Capital Partner.
- Authentic Brands Group and SAKS GLOBAL announced a joint venture, Authentic Luxury Group (ALG), to support luxury brands.
- ClayCo. Cosmetics Private Limited (skincare) raised a $2M seed round from Unilever Ventures, among others.
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