The Red-Hot Retail Real Estate Market

Beauty's Olympics Playbook; Fashion's Unexpected Dealmakers

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WHAT YOU NEED TO KNOW TODAY: MONDAY, AUGUST 5, 2024 Retail rents are soaring worldwide, as stores open faster than developers can build new properties. Beauty brands are leaning into Olympics marketing, with labels like Glossier, Fenty and more taking part. This week, VF Corp., hot off its sale of Supreme, and Revolve, which acquired the couture house Alexandre Vauthier, both report results. WGSN is launching a new AI-driven platform to help fashion buyers keep up with trends.

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RETAIL The Red-Hot Retail Real Estate Market, in 6 Charts By Cathaleen Chen

Rents are soaring worldwide, as stores open faster than developers can build new properties. Experts say the mismatch, which has roots dating back to the 2008 recession, is unlikely to resolve itself anytime soon. READ MORE

BEAUTY Beauty's Olympics Marketing Playbook By Yola Mzizi

Beauty brands may not have their logo on an athlete's uniform, but they're still finding ways to market around the Olympics through partnerships with top athletes and social-media friendly campaigns. READ MORE

RETAIL This Week: Checking in on Fashion's Unexpected Dealmakers By Brian Baskin

VF Corp. and Revolve, both of which recently made surprising changes to their portfolios, have an opportunity to give an update on their strategic visions when they release results this week. READ MORE

RETAIL WGSN Launches AI-Driven Platform for Buyers By Joan Kennedy The new tool is meant to help retailers determine what trends are worth investing in. READ MORE

LUXURY Luxury's Latest Foe: 40% Discounts on Chinese Resale Sites By Bloomberg Luxury powerhouses like LVMH and Kering are facing a fast-growing problem in China: a grey market offering brand-new, authenticated goods procured in other countries for major discounts on mainland prices. READ MORE

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How the Korean Resale Market Is Evolving In the first edition of Bunjang's 'Korean Luxury Resale Report,' the re-commerce platform examines the exponential growth of the secondhand market in the region and the defining trends to know now. "Our strategies have centred around those key consumer shifts we have been seeing — the growing importance of immediate accessibility, reasonable prices and, crucially, sustainability. We view this as a new culture that we need to not only be a part of, but also work proactively to build this culture and drive widespread adoption," Bunjang CEO Jaewha Choi previously told BoF. Now, BoF shares extracts from Bunjang's report, distilling five distinct themes that will define the success of luxury resale in the region. READ MORE

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