Private Label: What Works and What Doesn’t

What Investors Are Looking for in a Beauty Start-Up; Cameroon: Fashion's Gateway to Central Africa

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, AUGUST 23, 2023 Retailers are finding success with an updated approach to in-house fashion lines, even as Amazon pulls back from the concept. Beauty investors are being more selective, prioritising profitability, wholesale distribution and non-celebrity founders. Brands looking for a gateway to markets in the central Africa region are opening stores in Cameroon. In a worrying sign for US consumer spending, Macy's reported lower second-quarter sales compared to a year ago. Dick's Sporting Goods blamed organised retail crime for lower margins in the second quarter.

TOP STORIES

RETAIL Do Shoppers Still Want Retailers' Private Brands? By Marc Bain

Amazon just closed most of its in-house clothing brands, and Macy's is rethinking its approach. But when done right, store lines can take on a life of their own. READ MORE

BEAUTY What Investors Are Looking for in a Beauty Start-Up By Rachel Strugatz

Private equity shops and venture capitalists are being more discerning with their dollars, and yet capital is still critical for emerging brands seeking to stand out in a competitive landscape. READ MORE

GLOBAL MARKETS Why Cameroon Is Fashion's Gateway to Central Africa By Kingsley Kobo

The country has attracted global retailers like Mango and LC Waikiki thanks to a relatively diversified economy and higher consumer purchasing power than other markets in the subregion. READ MORE

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NEWS BRIEFS Dick's Sporting Goods Claims Retail Theft Lowered Profits Coty Flags Lower-Than-Expected Profits, Citing Rising Costs Macy's Falls as Markdowns to Clear Inventory Cut Into Sales Nike Eyes Record Losing Streak on China Concern, Inventory Woes

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Hugo Boss Is Hiring Hugo Boss is looking for a Vice President Wholesale (Central & Eastern Markets), a Global Product Manager (Sportswear Denim), a Womenswear Designer and a Menswear Design Internship in Stuttgart and a Store Manager in Mall of Scandinavia, Solna, among others. With its headquarters in Germany's Metzingen, the company employs over 14,000 people worldwide. Hugo Boss produces two distinct brands, Boss and Hugo, both sitting within the upper premium segment of the global apparel market.  VIEW JOBS

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