E-commerce companies are having a Millennial moment.
They’ve moved out of their dorm rooms and set up shop, in many cases establishing substantial businesses with real sales traction — but they still can’t support themselves. With the exception of a few firms, such as Asos and Zulily, experts say fashion e-commerce companies are largely losing money and relying on funds from investors to rapidly accumulate customers and build their brands.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)