The e-commerce player held sales mostly steady last year and is readying for the reopening — and an amped-up push in luxury.
“It was really in response to the 15 percent challenge,” said chief executive officer Michael Mente, referencing fashion designer Aurora James’ call on major retailers to commit a minimum of 15 percent of their shelf space to Black-owned businesses.
Meanwhile, the brand continues to expand with new categories and collaborations.
But Wall Street wasn’t satisfied. Company shares fell more than 13 percent as a result.
Unable to rely on parties and travel, Revolve is hosting a week of talks with the likes of Miranda Kerr, Jen Atkin, Nicole Richie and Rachel Lindsay.
The inaugural collection debuts with two types of sports bras and leggings. But Bernstein said there’s more to come.
Inventory reductions, executive pay cuts and furloughed associates during the pandemic helped drive higher profits year-over-year.
Experts recommend investments in e-commerce in China, 3-D design and consumer data to improve efficiencies — and to mitigate crises.
The fashion e-tailer says it’s well positioned for the future.
The superinfluencer’s swimwear line debuts with Revolve, where swim is a top category.
The e-commerce brand targeting Gen Z shoppers endeared itself to Wall Street as the global outbreak starts to delay some supply shipments.
The intimates brand is also updating its assortment of bralettes, gym-to-swim pieces, leggings and more.
The lingerie and sleepwear pieces will be available starting on Valentine’s Day.
Personalizing the experience online is key to growing sales and strengthening shopper loyalty.
Will legacy retailers continue to buy up smaller brands and digital upstarts?