![]() In September, FWRD co-hosted an event with GQ global editorial director Will Welch in partnership with supermodel Kendall Jenner as FWRD’s creative director. “I’m thrilled to share that customer interest in pre-owned handbags in the early going has exceeded our expectations,” Mente said, adding that the Revolve is now trying out resale with handbags sourced from third parties, including sourcing directly from global luxury brands. Mente said the higher priced FWRD label’s move into buying back handbags in exchange for credit on its sites has “opened up a brand-new opportunity in resale.” This enables Revolve to attract and retain customers who want to buy pre-owned handbags via FWRD Renew. The company said Revolve net sales rose 9 percent to $222.1 million, while FWRD net sales grew 17 percent to $46.6 million. 30 rose 10 percent to $268.7 million from $244.1 million. ![]() Net Sales: Net sales for the third quarter ended Sept. “We are particularly excited about this opportunity to expand our reach and engagement, considering that mobile gaming is the fastest-growing form of media on the planet and that 49 percent of mobile gamers worldwide are women, according to Google Play research,” Mente said. They will collaborate on a Web3-enabled mobile platform for a fashion-centered gaming and e-commerce experience where players become their own tastemakers and can connect with their favorite Revolve brands through a gamified shopping and styling experience. Revolve has a new gaming partnership with entertainment studio Muus Collective Inc. The company’s relationship with plus-size model Remi Bader birthed the first drop of exclusive size-inclusive fashion in August, and a second during NYFW, both of which were “exceptionally well” received, he said. Revolve’s brand with supermodel Elsa Hosk carries an average unit retail price of $250, illustrating the upside potential of these owned labels, Mente said. Revolve is particularly focused on TikTok influencers whose work drove a tenfold increase over last year’s third quarter. The event drew 9,000 attendees, 50 percent than the previous year. “With our profitable business model and strong balance sheet, we are excited about our continued investments in our brand and technology that we believe will enable us to further capture market share in pursuit of our very large global market opportunity,” said co-founder and co-CEO Michael Mente.ĭuring the call, Mente addressed Revolve’s return to New York Fashion Week (NYFW) where the Revolve Gallery hosted weeklong activations starring influencers and brand ambassadors. Sean Wotherspoon's Vintage Gap Collection Sells Out in One Day
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