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Search resuls for: "Business of Fashion"


4 mentions found


☆ Procrastinators, rejoice: Super Saturday is here and it could bring major discounts to shoppers
  + stars: | 2022-12-17 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +4 min
Super Saturday, the last Saturday before Christmas, could draw a record 158 million shoppers. But shoppers who take advantage of that extra time to buy are in for another treat: major discounts. "Retailers staring down time-limited inventory surpluses will do whatever they can to liquidate before the holiday season has expired." Shoppers could see major discounts on Super SaturdayBrandon Bell/Getty ImagesMajor retailers have been lamenting their inventory positions throughout 2022. The supply chain challenges that squeezed retail brands last holiday season have subsided, leaving a pandemic-induced hangover in their wake.
☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
  + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com   time to read: +36 min
From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.
☆ This 26-year-old college dropout's clothing company brings in $27,000 a month—and NBA players wear his designs
  + stars: | 2022-11-05 | by ( Megan Sauer | ) www.cnbc.com   time to read: +7 min
Before his streetwear brand BrownMill took off, Justis Pitt-Goodson designed, sewed and sold his own bow ties to his middle school peers. In high school, Pitt-Goodson and two friends built the idea for the streetwear brand. The company attracts NBA players as customers and brought in $327,000 in revenue last year, according to documents reviewed by CNBC Make It. Courtesy of Justis Pitt-GoodsonAfter befriending his two future business partners, Taha Shimou and Kwaku Agyemang, in high school, Pitt-Goodson studied business management at Rutgers University-Newark. The brand brought in $86,000 in 2020, enabling the founders to put down a $7,000 deposit on a Newark storefront that opened in June 2021.
☆ How entrepreneurs use apps like Poshmark to turn side hustles selling clothes into full-time gigs earning 6 figures or more from home
  + stars: | 2021-02-09 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +3 min
The average price brands pay Instagram influencers for sponsored posts surged to $1,642.77 in 2019, Business Insider previously reported. The global sneaker resale market alone could be worth $6 billion by 2025. Many start as college students and homemakers, and some are able to grow into a full-time business earning six figures or more in annual sales. Poshmark cofounder, Tracy Sun, told Business Insider that a lot of sellers scale as they procure more inventory. Business Insider spoke with two Poshmark sellers who turned their side hustles into successful full-time businesses.
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