Morning Brew - ☕ The French collection

French resale companies Back Market and ​Vestiaire Collective.
March 12, 2024

Retail Brew

Quad

It’s Tuesday, and the latest consumer price index dropped this morning, showing that inflation ticked up slightly in February. On top of that, monthly retail sales numbers are due out Thursday, and a handful of stragglers are on deck to report retail earnings. So make sure to check in throughout the week to see what it all means.

In today’s edition:

—Andrew Adam Newman, Alex Vuocolo

E-COMMERCE

I wanna France with somebody

Samina Virk, North America CEO of Vestiaire Collective (left) and Lauren Benton, general manager, USA, of Back Market. Samina Virk, North America CEO of Vestiaire Collective (left) and Lauren Benton, general manager, USA, of Back Market. Andrew Adam Newman

Resale has come a long way in the US in the last few years, but you still won’t see a leading department store doing what Galeries Lafayette, France’s upscale department store, does at its Boulevard Haussmann location in Paris.

While brands with resale programs tend to relegate them to dedicated websites, this retailer displays secondhand items in its brick-and-mortar store along with new items, in what it calls its (Re)Store department.

France, it seems, has a certain je ne sais quoi when it comes to resale, offering a glimpse of what the US could evolve into if consumers’ appetite for secondhand items keeps growing.

A recent event in New York’s Union Square neighborhood brought together two French resale brands that originated in Paris and now have a growing presence in the US. On the surface, the brands—Back Market, which sells pre-owned electronics and hosted the event in its spacious office, and Vestiaire Collective, an online marketplace for pre-owned luxury fashion items—may seem to have little in common.

However, even though they sell such different products, their missions and approaches have many similarities.

Keep reading here.—AAN

     

PRESENTED BY QUAD

Lil treat, big trend

Quad

Have you heard about the #LittleTreat trend? Think of it as a growing consumer desire to enjoy a lil indulgence—a specialty drink, a self-care product, or a yummy pastry—without breaking the bank.

Treat culture may be based on small rewards, but it’s already influencing consumer spending habits in a big way. And with great power comes great opportunity.

Quad’s marketing experts share their POV on this trend and highlight how brands can leverage it to their advantage with everything from packaging strategies to market positioning and research.

Download Quad’s How CPG Brands Can Turn Everyday Products into Little Luxuries playbook for detailed insights and guidance on turning little treats into some big gains.

DTC

We got the Funko

Funko Gabe Ginsberg/Getty Images

Funko is mounting a comeback after a bumpy 2023, and direct-to-consumer sales are at the center of the turnaround strategy.

On Thursday, the toymaker reported that DTC sales were up almost 30% YoY in Q4, and those sales comprised 26% of total revenue, up from 17% the year before. That bodes well for a company that just last spring destroyed more than $30 million worth of inventory due to lack of demand.

“Growing our DTC business remains a key goal for us,” Interim CEO Michael Lunsford said during an earnings call. “We have more control over our DTC business and believe we can grow it profitably.”

Keep reading here.—AV

     

STORES

Safety first

Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union, speaks at a rally in the capitol building in Albany, New York. Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union, speaks at a rally at the capitol building in Albany, New York. RWDSU

“We are declaring and demanding today that retail workers’ health and safety must be valued at least as much as the merchandise they’re selling.”

That’s what Stuart Appelbaum, president of the Retail, Wholesale, and Department Store Union (RWDSU), told a rally for workers and legislators in New York’s capitol building in Albany on March 5.

While worker safety is often cited by the National Retail Federation and other industry leaders as a reason to combat the (occasionally overstated) problem of shoplifting rings, Appelbaum suggested that workers have more pressing concerns.

“Twice as many people died in retail stores in 2022 as in 2016,” Appelbaum continued, “yet most of what we hear in the media is that shoplifting is the growing problem.”

The rally was to support a New York State Senate bill, the Retail Worker Safety Act, which makes no mention of shoplifting or theft.

Keep reading here.—AAN

     

TOGETHER WITH WALMART MARKETPLACE

Walmart Marketplace

There’s no better time to grow. Reach millions of customers by selling on Walmart.com. Walmart Marketplace’s audience of 120m+ gives your biz access to nationwide distribution. Ready to get started? New sellers save up to 50% on referral and fulfillment fees at sign-up.

SWAPPING SKUS

Today’s top retail reads.

Full transparency: Inditex, owner of fast fashion brand Zara, is joining rivals H&M and Primark in releasing its full list of suppliers in the name of being more transparent about supply chain risks. (Reuters)

Shrinking shrink: Retailers were mighty concerned about theft last year. But mentions of the problem were minimal this earnings season. (NPR)

Cash machines: More Americans are using their 401(k)s as “cash machines” and withdrawing money early to support their spending. (the Wall Street Journal)

It’s treat o’clock: More and more consumers are banking on the #LittleTreat trend, which means brands should be too. Check out Quad’s free playbook to learn how to leverage this growing habit to your advantage.*

*A message from our sponsor.

JOBS

Are you an exec looking to make your next career move or join a board of directors? We’ve partnered with ExecThread, where you can find thousands of confidential job opportunities and board roles that aren’t listed anywhere else. 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 © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕️ Vinyl revival

Tuesday, March 12, 2024

Your car might be tattling on you... March 12, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Timeline Nutrition Good morning. The deadline is fast approaching: If you haven't already,

☕ Bump, set, spike

Monday, March 11, 2024

Why brands are beginning to pay attention to volleyball. March 11, 2024 Marketing Brew PRESENTED BY American Express Business It's Monday. No matter your feelings on who took home Oscars last night

☕ Leaving the Club

Monday, March 11, 2024

Sam's Club's seamless exit and 'edge computing.' March 11, 2024 Retail Brew It's Monday, and we'd like to take a moment to acknowledge that “shrinkflation,” a term we first

☕ All things go

Monday, March 11, 2024

A Q&A with Pete Buttigieg. March 11, 2024 Tech Brew PRESENTED BY VenHub It's Monday. Before last week's SOTU, Tech Brew's Jordyn Grzelewski hopped on a call with Transportation

☕ Trinity

Monday, March 11, 2024

'Oppenheimer' takes home major hardware at the Academy Awards... March 11, 2024 View Online | Sign Up | Shop Morning Brew SPONSORED BY Apple Card Good morning. Four years ago today, the WHO

You Might Also Like

☕ Great chains

Wednesday, January 15, 2025

Prologis looks to improve supply chain operations. January 15, 2025 View Online | Sign Up Retail Brew Presented By Bloomreach It's Wednesday, and we've been walking for miles inside the Javits

Pete Hegseth's confirmation hearing.

Wednesday, January 15, 2025

Hegseth's hearing had some fireworks, but he looks headed toward confirmation. Pete Hegseth's confirmation hearing. Hegseth's hearing had some fireworks, but he looks headed toward

Honourable Roulette

Wednesday, January 15, 2025

The Honourable Parts // The Story Of Russian Roulette Honourable Roulette By Kaamya Sharma • 15 Jan 2025 View in browser View in browser The Honourable Parts Spencer Wright | Scope Of Work | 6th

📬 No. 62 | What I learned about newsletters in 2024

Wednesday, January 15, 2025

“I love that I get the chance to ask questions and keep learning. Here are a few big takeaways.” ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

⚡️ ‘Skeleton Crew’ Answers Its Biggest Mystery

Wednesday, January 15, 2025

Plus: There's no good way to adapt any more Neil Gaiman stories. Inverse Daily The twist in this Star Wars show was, that there was no twist. Lucasfilm TV Shows 'Skeleton Crew' Finally

I Tried All The New Eye-Shadow Sticks

Wednesday, January 15, 2025

And a couple classics. The Strategist Beauty Brief January 15, 2025 Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission

How To Stop Worrying And Learn To Love Lynn's National IQ Estimates

Wednesday, January 15, 2025

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Olympic recycling

Wednesday, January 15, 2025

Reusing wi-fi equipment from the Paris games. January 15, 2025 View Online | Sign Up Tech Brew It's Wednesday. After the medals are awarded and the athletes go home, what happens to all the stuff

Ozempic has entered the chat

Wednesday, January 15, 2025

Plus: Hegseth's hearing, a huge religious rite, and confidence. January 15, 2025 View in browser Jolie Myers is the managing editor of the Vox Media Podcast Network. Her work often focuses on

How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit

Wednesday, January 15, 2025

An explosive new lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleges that Capital One bank cheated its customers out of $2 billion. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏