How to Recession-Proof Independent Retail

Inside the Hermès v. MetaBirkins Trial

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, FEBRUARY 2, 2023 Independent retailers are investing in private labels, new store formats and more to combat challenging economic circumstances. Hermès revealed its thinking around web3 as it made its case against the MetaBirkins NFT creator in US federal court. Join us at The BoF Professional Summit: An Inflection Point in Fashion Tech on March 22. Sign up now to attend in person or online. Meta gave an upbeat forecast for ad sales, a day after Snap reported disappointing revenue.

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RETAIL How to Recession-Proof Independent Retail By Daniel-Yaw Miller

Even in a tough economy, small stores can remain competitive by scaling their private labels, testing new retail concepts and offering brands consumers can't find on Farfetch or in Selfridges. READ MORE

TECHNOLOGY What Hermès Really Thinks About NFTs By Marc Bain

In the opening days of its trial against the MetaBirkins creator, the luxury house revealed some of its own thinking around web3 and virtual worlds. READ MORE

TECHNOLOGY Announcing The BoF Professional Summit: An Inflection Point in Fashion Tech By BoF Team

Join us on Wednesday 22 March, 2023 at The Times Center, New York — or via the global livestream. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just $/£/€1 START TRIAL

NEWS BRIEFS E.l.f. Beauty Raises Full Year 2023 Outlook Meta Forecasts Upbeat First-Quarter Revenue, Shares Rise Swatch Group Raises Prices For Omega SpeedMaster Watches, Following Rolex's Lead Snap Forecasts First Quarterly Revenue Decline; Shares Fall

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BoF Insights | The New Statement Shoe: Reimagining Designer Footwear Explore BoF's guide to the designer shoe universe, examining the current and future competitive landscape, trends and high-net-worth consumer behaviour through proprietary surveys and expert interviews. What is clear is that demand for high-end footwear is growing even amid intensifying competition, with the category expected to grow to $40 billion by 2027 from $31 billion today. LEARN MORE

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