Inside Prada’s Best Year in Business

Is the DTC Pivot to Brick-and-Mortar Working? Donatella Versace's LA Show, Cate Blanchett Talks Re-Worn Red Carpet Looks

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, MARCH 10, 2023 DTC brands like Warby Parker have avoided sales slumps by investing in retail stores. Donatella Versace's pre-Oscars LA show moved 'away from street fashion' to tailoring. Prada sales hit a record high, as it capitalised on Miuccia Prada and Raf Simons' partnership. Cate Blanchett spoke to BoF about how her re-worn and reworked red carpet looks push back against fashion industry churn. Gap forecast full-year sales below analyst estimates as consumers spending slows.

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DIRECT-TO-CONSUMER Are DTC Brands Pulling Off Brick-and-Mortar? By Malique Morris

As online advertising remains expensive and crowded, digital brands continue to invest in physical stores to drive customer growth. Warby Parker and Allbirds provide disparate case studies for how to navigate physical retail. READ MORE

FASHION WEEK Donatella Versace: The Blonde Takes LA By Tim Blanks

Hollywood has always been close to the designer's heart, so it was pure kismet that Donatella showed her latest collection in Los Angeles three days before the Oscars. READ MORE

LUXURY Inside Prada's Best Year in Business By Robert Williams

The Milanese group, which also owns Miu Miu and Church's, leveraged a partnership between Miuccia Prada and Raf Simons to generate record sales. A Thursday presentation gave investors a first peek at Prada's future plans under new leadership. READ MORE

SUSTAINABILITY Cate Blanchett Takes On the Red Carpet System By Melissa Magsaysay

The Oscar-nominated actress spoke with BoF about how her re-worn and reworked awards show looks push back against the churn of the modern fashion industry. READ MORE

WORKPLACE & TALENT BoF LIVE | Closing the Employability Skills Gap in Fashion By BoF Team As part of BoF Careers Week 2023, BoF's senior correspondent Sheena Butler-Young and BoF Careers' Sophie Soar shared their insights on the current state of fashion careers and tips on how to mitigate the industry's skill gaps. READ MORE

Conscious Marketplace Powered By People Raises $13.6 Million READ MORE

Shein, Temu in Fierce Fight Over US Market for $10 Dresses READ MORE

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

NEWS BRIEFS Gap Sees Weak Annual Sales as Inflation-Hit Consumers Rein in Spending Rolex, Patek Investment Beats S&P Gains Over Five Years Fragrance Firms Hit in Europe Suspected of Scent Supply Cartel China's JD.com Misses Estimates for Quarterly Revenue Mango's Sales Hit Record as Zara's Rival Expands in US, India

BoF CAREERS

Discover BoF Careers Week 2023 It's BoF Careers Week, when we feature exciting job opportunities, advice-led articles and events to help you further your professional journey. Explore nearly 3,000 current vacancies, from internships to c-suite roles, across creative and business functions at mega-brands like Prada and Burberry, conglomerates such as Kering or PVH, retailers like Bloomingdale's and H&M, and market disruptors including Erdem and Coperni. DISCOVER MORE

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