Author: Malique Morris

LuxExperience, the parent company of Mytheresa and Yoox Net-a-Porter, reported that group sales increased 1.1 percent year on year to €645 million ($767 million) in the fiscal quarter that ended in December. It’s a positive shift from the 4 percent dip the online luxury group saw in its previous quarter.LuxExperience also generated a €13 million profit on the basis of adjusted earnings before interest, taxes, depreciation and amortisation, up from the €28 million adjusted EBITDA loss in the previous quarter.Mytheresa drove much of the overall company’s growth. Sales jumped 9 percent to €223 million, led by its continued focus on…

Warby Parker on Monday announced that it hired Adrian Mitchell as chief financial officer. Mitchell will assume the role on Feb. 10. Mitchell is replacing longtime finance chief, Steve Miller, who served in the role for 14 years before departing last September. Mitchell was previously Macy’s chief operating and financial officer. He will help Warby Parker launch AI glasses in partnership with Google. Warby Parker, Google to Launch AI-Powered Smart Glasses in 2026The announcement marks the first time the companies have set a public timeline for the release since unveiling the partnership earlier this year.

Ssense’s executive team on Wednesday announced internally that a transaction for the company’s founders to retain ownership of the Montreal-based e-tailer was approved by the Superior Court of Quebec, according to a memo viewed by The Business of Fashion.The closing of the deal, which is still subject to regulatory approval, will allow co-founders Rami, Firas and Bassel Atallah to buy back the embattled company in partnership with a Canadian multi-family office before Ssense emerges from bankruptcy protection.“This solution allows Ssense to continue its operations,” the company’s executive team said in the internal memo. “It also brings clarity after a period…

Read The Creator Economy’s Coming-of-Age Moment, a special package that breaks down the stakes facing influencers and the brands that work with them today, and how they can evolve to meet the market. Last year, James Nord saw a white space in the creator economy. As the founder and chief executive of Fohr, an influencer marketing platform that pairs brands with creators, Nord has seen firsthand that while fashion has become reliant on creators to bring in new customers, it can be difficult to determine which ones would produce the best results. So in December, Fohr rolled out a new…

In Hollywood, men have historically taken a backseat on the red carpet — relegating themselves to unremarkable black tuxedos, while the women wore gowns that were written into fashion history.One look at the red carpets so far this awards season, and it’s clear those days are long in the past. At the Critics Choice Awards last month, Ethan Hawke, a heartthrob from the 1990s known more for his on-screen brooding than his real-life fashion sense, wore a blue Bode suit with white floral embroidery. The leading men who opt for traditional suiting are fusing old-school sartorial codes with contemporary flourishes.…

Allbirds on Wednesday announced that it will shutter all of its remaining standalone stores in the US by the end of February. The footwear maker will continue to operate two outlet locations. The move is part of Allbirds’ ongoing restructuring plan to return to profitability that’s included steadily pulling back the company’s retail footprint. The brand operated 41 stores in the US in 2023, and that fell to 21 by the third quarter of 2025. It also reported a $20 million net loss during that quarter. Allbirds will focus on driving sales from its e-commerce store, wholesale partnerships and its…

Phia, a product recommendation app that lets users compare prices across sites for both used and new items, on Tuesday announced it raised $35 million in a Series A round led by venture firm Notable Capital. The funding values the startup at $185 million. The platform, which was co-founded by Phoebe Gates, daughter of Bill and Melinda Gates, and Sophia Kianni, previously announced $8 million in seed funding in September, with backing from Kleiner Perkins and names like Hailey Bieber, Kris Jenner and former Meta executive Sheryl Sandberg. Phia uses AI to help consumers find and compare prices on visually…

Since it launched its online fashion store eight years ago, Quince has been called many things — accessible and disruptive by its customers and parasitic by the brands whose wares it knocks off. Now the retailer wants to add one more adjective to the list: original. Last week, the brand announced a partnership with A$AP Rocky to sell co-branded vinyl copies of his latest album, along with T-shirts emblazoned with its title, “Don’t Be Dumb.” On the same day, Quince also unveiled a collection of merino-wool overcoats and pleated wide-leg crepe pants curated by Erin Walsh, stylist to celebrities like…

Last year, millions of consumers used AI to browse fashion online. In 2026, they’ll check out with it, too.In 2025, more and more shoppers fed AI-based search engines prompts — think “find me the perfect summer dress for a sweltering wedding in the Hamptons in July” — to solve wardrobe conundrums. During the past holiday season, traffic to retail sites from sources like ChatGPT, Gemini and Perplexity increased by nearly 700 percent year on year, according to Adobe Analytics.“It’s very clear that a lot of people already click on links inside of ChatGPT, and when they click on those things,…

For most of its 14 years in business, The RealReal was yet another money-losing online retailer with a growth-at-all-costs mentality, despite being a pioneer in luxury resale. In the past year, the company has turned profitable, with its adjusted EBITDA jumping 83 percent year on year in 2024 to $9 million.The RealReal’s road to profitability has been smoothed, in part, by a resale boom as rising luxury prices have sent shoppers looking for more affordable secondhand options. But The RealReal is also more disciplined than it’s ever been, says president and chief executive Rati Sahi Levesque. In recent years, it…