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The Business of Fashion в Instagram

The Business of Fashion в Instagram

An essential daily resource for fashion creatives, executives and entrepreneurs all over the world.

 There are too many choices,  said retail legend Millard Drexler in the latest edition of the #BoFPodcast. The New York-based  merchant prince,  best known for his time at J. Crew and Gap, is now watching the American retail landscape crumble as brands and retailers struggle under store shutdowns and debt restructuring.  
 
Speaking to Imran Amed, Drexler offered his advice   and warnings   on the state of American shopping, and what it might look like after the pandemic. He encouraged businesses to rethink what growth means for their brand.  Growth is the enemy,  he said, looking to the rise of VC-backed brands that have struggled to successfully scale and break even. According to Drexler, now is not the time to pursue top-line growth at the cost of profit margins.  That s what investors want, and they ll do dumb things to get there,  he said.  More is not better. The new big is small in my mind.  Tune in to the full conversation now. [Link in bio]
There are too many choices, said retail legend Millard Drexler in the latest edition of the #BoFPodcast. The New York-based merchant prince, best known for his time at J. Crew and Gap, is now watching the American retail landscape crumble as brands and retailers struggle under store shutdowns and debt restructuring. Speaking to Imran Amed, Drexler offered his advice and warnings on the state of American shopping, and what it might look like after the pandemic. He encouraged businesses to rethink what growth means for their brand. Growth is the enemy, he said, looking to the rise of VC-backed brands that have struggled to successfully scale and break even. According to Drexler, now is not the time to pursue top-line growth at the cost of profit margins. That s what investors want, and they ll do dumb things to get there, he said. More is not better. The new big is small in my mind. Tune in to the full conversation now. [Link in bio]

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