Why Stores Still Matter

Unpacking Glossier's Big Retail Bet

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WHAT YOU NEED TO KNOW TODAY: SATURDAY, JULY 10, 2021 Glossier's big bet on physical stores is another confirmation that digital brands need brick-and-mortar retail to scale. A garment workers' group is filing complaints against some of fashion's biggest brands over wage violations. Levi Strauss & Co. forecasts strong full-year profit after beating quarterly earnings estimates as demand for its apparel rebounds. Plus, this week on The BoF Podcast, Imran Amed speaks with Selfridges' Andrew Keith about the company's evolving retail strategy.

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LUXURY Selfridges' Andrew Keith on Post-Pandemic Retail By BoF Team

The managing director of Selfridges discusses the future of the British department store at The BoF Professional Summit: What's a Store For? READ MORE

RETAIL Glossier's $80 Million Raise Signals the Enduring Importance of Stores By Brian Baskin

This week, the beauty brand said it would put much of its new cash injection toward retail expansion, the latest confirmation that physical stores are an essential part of the digital start-up formula. READ MORE

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NEWS BRIEFS Swedish Payments Firm Klarna Buys Online Retail Startup Hero Labour Group Brings Legal Action Against Brands Over Pandemic Wage Violations US Retailers Shun Urban Malls, Shift To Open-Air Centres Levi Strauss Forecasts Upbeat Full Year as Apparel Demand Bounces Back Michael Avenatti Sentenced For Nike Extortion Plot Bukalapak Launches Indonesia's Biggest IPO in a Decade Seoul Department Stores Close Temporarily as Covid-19 Cases Surge Indian Social Commerce Player DealShare Raises $144 Million Dubai's Emaar Properties to Merge Retail Arm by Year-End

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