Morning Brew - ☕ A site for more eyes

How resale execs think resale websites should look.
July 28, 2023

Retail Brew

Hello, and happy Friday! If you’re a Subway fan (like us), the sandwich chain has come up with a great way to reward brand loyalty: a free lifetime supply of Subway food and beverages. All you have to do is legally change your first name…to Subway. What’s in a name, amirite?

In today’s edition:

—Andrew Adam Newman, Erin Cabrey, Kristen Parisi

E-COMMERCE

Take a look at me new

James Reinhart speaks at the Lead Innovation Summit. James Reinhart (left) and Jenny Campbell (right). Diane Bondareff/The Lead Innovation Summit

At The Lead Innovation Summit that took place in New York recently, James Reinhart, the co-founder and CEO of ThredUp, was being interviewed onstage by Danny Parisi, senior fashion reporter at Glossy.

Reinhart offered advice to brands embarking on launching their own branded resale sites, particularly about how their resale e-commerce site should look compared to their main sites.

Reinhart said that it’s a “mistake” when brands “want their resale site to look as good as their new site.” When it comes to the resale site, “you want it to look good, but there’s a different price point and a different expectation” among consumers buying secondhand, he said.

As a brick-and-mortar analogy, Reinhart noted that brands “don’t put as much money” into building out their outlet stores as their other retail stores.

“Brands want parity” in the aesthetics of their e-commerce and re-commerce sites, “and I actually think that’s the wrong strategy because you want to maintain the elevated experience of your new product, which is a really critical piece,” he said.

We asked three other leaders in the resale industry about how they think the sites should look—and they saw it much differently.

Keep reading here.—AAN

     

FROM THE CREW

Sweetgreen’s locally grown insights

The Crew

If you’ve ever worked in the office when lunchtime rolls around, you’ve probably seen the herds of people headed to grab a bowl from Sweetgreen.

The chain of salad counters is known for their organically sourced ingredients and partnerships with local chefs and farms. But as the company rapidly expands, they face the issue of remaining true to their values of sustainability and connecting to their surrounding communities.

Marketing Brew sat down with the salad giant’s Chief Brand Officer Nathaniel Ru to find out how they focus their growth strategy on a few organic ingredients + how they maintain their relationships with food and people. Check out the conversation here.

OPERATIONS

Arrivals and departures

GAP storefront with clothing and apparel Future Publishing/Getty Images

July saw many major moves from retail executives, including one notable hire that proves that Barbiecore’s influence has stretched to the C-suite. Here are the executive moves to know in July:

  • Gap tapped Mattel president and COO Richard Dickson, who has been at the toymaker since 2000 and is credited with helping to revamp Barbie’s image, as its new CEO after a yearlong search to fill the top spot. Speaking of Gap…
  • Parent company Gap Inc. also appointed Chris Blakeslee, former Alo Yoga president, to lead Athleta as president and CEO after former CEO Mary Beth Laughton left the role in March.
  • Gucci CEO Marco Bizzarri stepped down from his role after eight years with the Italian fashion house, the Kering Group announced. It also promoted Yves Saint Laurent CEO Francesca Bellettini to Kering’s deputy chief executive for brand development.
  • Revolution Beauty CEO Bob Holt and chair Derek Zissman will exit their roles as part of a settlement agreement with shareholder Boohoo, which had previously raised “serious concerns” about the company’s board.

Keep reading here.—EC

     

LABOR

Safe side

a black and white image of a closed fist going into an open palm Kieferpix/Getty Images

“Frontline workers, including those employed in retail and healthcare, are afraid for their safety, according to a June report from Verkada, a security company,” writes HR Brew’s Kristen Parisi:

The survey found 58% of frontline workers feel the risk of physical harm on the job is rising, and the majority of healthcare (59%) and retail (58%) workers fear being subject to “erratic or aggressive behavior.” And there appears to be a disconnect between management and their workforces: 67% of leaders said they think their employees feel safe, but just 37% of workers reported actually feeling safe.

Read the whole story here on HR Brew.

     

SPONSORED BY FLOWSPACE

Flowspace

Supply chain on the brain? If you sell or manage products across e-comm and retail, you know the value of an efficient supply chain vs. the pitfalls of a wonky one. Monitoring the right metrics is crucial. Check out Flowspace’s playbook on the supply chain KPIs you can leverage to boost business.

SWAPPING SKUS

Today’s top retail reads.

Drive to survive: The owner of the Aston Martin Formula 1 team (and stakeholder in the brand) is hoping wins translate to car sales. (the New York Times)

Makeover: With two new executives in place, Gap is headed for a brand-new look. (Modern Retail)

Second chances: Luxury resale is catching on in Asia, thanks to Gen Z and millennials. (Vogue Business)

Ready to check out:…how the first half of 2023 treated retail? Placer.ai’s white paper breaks down the year’s biggest retail wins so far—and which emerging customer trends to watch. Get it here.*

*This is sponsored advertising content.

FRIEND OR FAUX?

Three of the stories below are real...and one is most definitely not. Can you spot the fake?

  1. British Airways resorted to serving its passengers chicken from an airport KFC on a 12-hour flight after a catering mishap.
  2. A Chipotle in Florida has been flooded with bad Yelp reviews blaming an employee called Lucy for “stealing” married men.
  3. Ryan Gosling is disguising himself as a barista at random coffee shops across the US  as part of a Barbie promotion.
  4. Ice cream shop employees are throwing soft serve at each other as part of a TikTok challenge.

Keep reading for the answer.

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FRIEND OR FAUX? ANSWER

We know Barbieland isn’t real, as much as we all wish it was, and sorry to disappoint, but nor is Ryan Gosling showing up as your barista…at least not anytime soon.

         

Written by Andrew Adam Newman, Erin Cabrey, and Kristen Parisi

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