Morning Brew - ☕ Bedtime story

How matching family pajamas became a retail mainstay.
December 12, 2023

Retail Brew

Bluecore

It’s Tuesday, and investors are loving the news that Macy’s has gotten a $5.8 billion buyout offer from two private equity firms. As its stock rises, however, it’s unclear what the buyout would mean for the department store’s recent pivot to non-mall shopping strips, begging the question: Will Macy’s be strip-malled or strip-mined if it becomes a private company?

In today’s edition:

—Andrew Adam Newman, Jeena Sharma, Ryan Barwick

MARKETING

Match me if you can

A family and their dog wear matching Grinch pajamas. Hanna Andersson

When you see a coworker in pajamas, it might be time to check the employee handbook.

Unless you’re at Portland, Oregon-based Hanna Andersson.

“In December, we definitely go all in and [at] our holiday parties, you’re required to wear your pajamas to the office,” Kara Carter, chief product officer of the clothing brand, told Retail Brew. “We take a big picture every year; we’re all in our pajamas.”

Pajamas are business attire at the company because it’s in the pajamas-making business. In 1993, Hanna Andersson, which began 10 years earlier as a children’s clothing brand, introduced matching family pajamas in its catalog.

The company was not the first to sell family pajamas, which fashion historian Debbie Sessions dates back to the 1950s, although matching PJs for mom and the kids (sans dad) had appeared years before. But many consider Hanna Andersson to be the company that popularized them, with CNN calling it the “OG brand to launch matching pajamas for the entire family.”

Now family pajamas are woven—with some weaves better than others—into the retail landscape, with heavyweights including Amazon, Walmart, ShopDisney, Target, Kohl’s, and Macy’s all doing a brisk business in the sleepwear.

Let’s slip into something a little more comfortable, because here are some milestones that mark how family PJs became a sleeper hit:

Keep reading here.—AAN

     

PRESENTED BY BLUECORE

Your Black Friday breakdown

Bluecore

You know it as the biggest shopping day of the year—which means it’s also the biggest *data* day, if you want to understand shopper habits and behavior.

Need help combing through all the stats? Bluecore broke down their Black Friday data and dug deep to create the 2023 Black Friday Benchmarks report. Take a look at the trends that impact retail growth, like:

  • identification rates
  • how well retailers moved their shoppers to first-time buyers and previous customers to multi-time buyers
  • retention-specific metrics around repeat shopping
  • performance of various site and email campaigns

With billions of data points across eight different verticals, Bluecore’s team of retail strategists has the insights to help you grow your brand.

Rock next year’s revenue with this year’s data.

STORES

One high heel at a time

Designer Christian Louboutin campaign image Christian Louboutin

Christian Louboutin, the French footwear designer known for its iconic red-soled heels, is expanding its footprint in India with a new retail partnership with Aditya Birla Fashion and Retail Ltd (ABFRL).

Although the details of the deal haven’t been shared, the alliance effectively transforms the luxury retailer’s current business in the country into a joint venture with the Indian chain, and both partners “hold an equal stake in a newly incorporated subsidiary of ABFRL,” according to WWD.

Louboutin currently operates standalone stores in New Delhi and Mumbai, but doesn’t have any shop-in-shops or an Indian wholesale business.

Keep reading here.—JS

     

RETAIL

Mainstream (retail) media

A smartphone with a shopping cart and shopping bags coming out of the screen Amelia Kinsinger

GroupM is wrapping up 2023 with a big prediction for retail media: By 2028, retail media network revenue will surpass ad revenue in linear TV and CTV combined. That’s according to a new economic forecast the agency published last week.

Overall, the agency is predicting digital advertising revenue to grow by about 5.8% this year, or $889 billion, excluding political advertising. That falls largely in line with the company’s previous predictions.

That growth, though, is expected to slow to 5.3% next year, GroupM predicts.

Keep reading here on Marketing Brew.—RB

     

TOGETHER WITH BLUECORE

Bluecore

What just happened? Black Friday just blew through, and Bluecore did all the heavy lifting. Get data-backed insights in their 2023 Black Friday Benchmarks report. This doc is packed with practical info on metrics and trends that will help you drive growth for your brand. Get all the deets.

VIRTUAL EVENT

Balancing Profit with Planet

Sustainable retail virtual event promo. Morning Brew

Are you seeking to decode the complexities of sustainable business practices? Join us at our virtual event, where we sit down with Alicia Chin, Director of Sustainability and Social Impact at VF Corporation, to discuss the latest technological and behavioral best practices. Discover how these strategies bridge the gap between consumer expectations and sustainable values. Register now to secure your spot!

SWAPPING SKUS

Today’s top retail reads.

Amazon’s new rival: A little-known Chinese e-commerce company, Pinduoduo, is giving Amazon and Walmart a run for their money with its Temu shopping app. (Bloomberg)

Shein’s IPO grind: Shein is on a mission to go public in the West, meeting with officials from the London Stock Exchange just one month after filing confidentially for an IPO in the US. (Reuters)

Payment wars: Venmo on Monday announced that it will no longer be available as a payment option on Amazon starting January 10. (Payments Dive)

Dig into data: Get Bluecore’s 2023 Black Friday Benchmarks report for a deep dive into the retail metrics you need to get your brand to the next level. Read the full report.*

*A message from our sponsor.

JOBS

Find thousands of confidential exec-level job opportunities and board of director roles, including recruiter-led searches for senior roles in the Retail industry. Retail Brew subscribers can skip the application review and can instantly join ExecThread for free.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2023 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Let’s wrap this up, guys

Tuesday, December 12, 2023

Plus, figure out what your '3pm problem' is… December 12, 2023 View Online | Sign Up | Shop Raise Good morning. Sure, we all know about girl math, but have you heard of holiday party math? Here

☕ Bad actors

Tuesday, December 12, 2023

What investors are worried about for 2024... December 12, 2023 View Online | Sign Up | Shop Morning Brew SPONSORED BY Apple Card Good morning. In a stunning turn of events, it was revealed that $680

☕ Best director

Monday, December 11, 2023

The resurgence of catalogs and direct mail. December 11, 2023 Retail Brew Let's start the week by acknowledging that while consumers often will commend companies taking a greener approach,

☕ Against the current

Monday, December 11, 2023

The former Olympic rower pushing for women's sports investment. December 11, 2023 Marketing Brew PRESENTED BY Rokt It's Monday. Noted football fan Taylor Swift was anointed Time's Person of

☕ In solidarity

Monday, December 11, 2023

The UAW heads south. December 11, 2023 Tech Brew PRESENTED BY Ray-Ban Meta It's Monday. One of the toughest parts of the tech business is turning a concept into an actual product. We've got a

You Might Also Like

My Hunt for a Non-Hideous Sleeper Sofa

Friday, November 15, 2024

Plus: Some New Yorkers on their small-space essentials. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate

Amazon confirms employee data exposed in leak linked to MOVEit vulnerability [Wed Nov 13 2024]

Friday, November 15, 2024

Hi The Register Subscriber | Log in The Register Daily Headlines 13 November 2024 data breach Amazon confirms employee data exposed in leak linked to MOVEit vulnerability Over 5 million records from 25

☕ Bonuses are back

Friday, November 15, 2024

Plus, Saudi Arabia's megacity descends further into chaos... November 13, 2024 View Online | Sign Up | Shop Morning Brew Presented By Compare Credit Good morning. Here's an opportunity to share

Numlock News: November 13, 2024 • Ouch, Forgeries, Sails

Friday, November 15, 2024

By Walt Hickey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Elon, Vivek to Lead Cost-Cutting Agency, CNN Layoffs, and a James Bond Auction

Friday, November 15, 2024

President-elect Donald Trump on Tuesday named Elon Musk and former GOP presidential candidate Vivek Ramaswamy to head up a new federal agency, the Department of Government Efficiency, or DOGE. ͏ ‌ ͏ ‌

Jared Kushner's $3 billion conflict of interest

Friday, November 15, 2024

During Donald Trump's first term, one of his most influential advisors was his son-in-law, Jared Kushner. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How our deadliest roads got — and stay — so dangerous

Friday, November 15, 2024

Plus: The new and familiar faces joining Trump's inner circle, "blue zone" diets, and more. November 13, 2024 View in browser David Zipper is a senior fellow at the MIT Mobility

The Shampoos Our Writers Actually Buy

Friday, November 15, 2024

“I always finish a bottle of Bumble and Bumble. The Strategist Beauty Brief November 13, 2024 Every product is independently selected by editors. If you buy something through our links, New York may

☕ Slackadaisical

Friday, November 15, 2024

Does this AI make me look lazy? November 13, 2024 Tech Brew Together With Indeed It's Wednesday. Does using AI at work make you seem like a tech-savvy go-getter, or a task-dodging sloth? New Slack

Essential Reading Alert: Drop Site News

Friday, November 15, 2024

Drop Site News have established themselves as a powerful investigative reporting force committed to uncovering truths that others might overlook. At a time when the world desperately needs hard-hitting