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Does Anyone Want to Go Shopping?

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Sat, Jun 20, 2020 05:06 AM

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Could the Pandemic Make Retail Better? THE DAILY DIGEST ADVERTISEMENT THE UPFRONT Dear BoF Community

Could the Pandemic Make Retail Better? [View on Web]( [Add to contacts]( [New reader? Subscribe]( [BoF]( THE DAILY DIGEST ADVERTISEMENT [SHOPIFY PLUS | DDNL | PROF SUMMIT JUNE16-20]( THE UPFRONT Dear BoF Community, This week I fell in love with fashion again. Retailers have reopened in London and I decided to take an impromptu field trip to Selfridges, one of the few department stores that went into the pandemic on a strong financial footing, earning £809.9 million in annual revenue and almost £100m in profit before tax in the latest accounts available at the UK's Companies House, for the year ended Feb 2, 2019. I had been feeling quite down on fashion these past few months. It's only natural given everything that is going on. The people of the world are currently working on dismantling systemic racism, inequality and privilege, anticipating the second wave of a deadly virus amid a global pandemic, worried about their lives and livelihoods amid a deeply challenged economy and more broadly wondering when this will all end. But walking into Selfridges was like being a kid in the proverbial candy store. Several amazing jackets from Craig Green, a deep green Bottega Veneta intrecciato backpack, a futuristic block-coloured parka from Prada and a vibrant handknit Valentino jumper all caught my eye. Without the usual droves of international tourists, the store was not busy and shoppers were giving each other the requisite social-distancing space, making the experience of discovering these pieces better. And as a first outing, it also felt safer going to just one big store. But in the end, all I walked out with was real candy from the kid's section on the very top floor. There were a few questions that held me back from buying. When and where will I get to wear any of this? Will it soon go on sale? Do I really need to buy more clothes? Indeed, the future of retail will need to address shoppers with an entirely new mindset. As Vikram Alexei Kansara writes in our [This Week in Fashion briefing]( "For some players, Covid-19 is a death sentence. For others, it might provide an opportunity for rebirth." Have a nice weekend everyone. Imran Amed, Editor in Chief TODAY'S MUST READ [This Week in Fashion]( [Could the Pandemic Make Retail Better?]( BY Vikram Alexei Kansara [The Covid-19 crisis has crushed fashion retailers, but the pressure could prove a catalyst for change that ultimately makes the sector stronger.]( To access this article, become a BoF Professional Member [JOIN]( TOP STORIES [Podcasts]( [The BoF Podcast: June Sarpong Says Fashion's Gatekeepers Need to Start Thinking Differently About Diversity]( BY BoF Team [June Sarpong shares her advice on how organisations can improve their diversity and inclusive representation, and effectively champion allyship.]( [Breaking News]( [The Logic Behind Givenchy's New Designer Appointment]( BY Chantal Fernandez [Matthew M. Williams, founder of the luxury streetwear-inspired label 1017 ALYX 9SM, succeeds Clare Waight Keller. What expertise does he bring to the LVMH-owned brand?]( To access this article, become a BoF Professional Member [JOIN]( [News & Analysis]( [As Sies Marjan Closes, What Is to Blame? The Pandemic or the Fashion System?]( BY Lauren Sherman [The five-year old label, backed by billionaire Nancy Marks, is shutting its doors due to the ramifications of Covid-19. But independent fashion brands were hurting long before the lockdowns.]( To access this article, become a BoF Professional Member [JOIN]( [Intelligence]( [Asia’s Recovery Roadmap for Luxury]( BY Zoe Suen [As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling.]( To access this article, become a BoF Professional Member [JOIN]( [Intelligence]( [How to Do Pride Marketing Right]( BY Brian Baskin and Chavie Lieber [With parades cancelled and civil rights protests top of mind, many fashion brands are rethinking how they show their support for the LGBTQ community.]( To access this article, become a BoF Professional Member [JOIN]( [IN OTHER NEWS]( [Live Blog: Companies Offer Juneteenth as Paid Holiday, Record Unemployment Claims Continue]( [DAILY DIGEST Fashion News from Around the Web]( 1 [How Covid-19 Is Transforming the Retail Industry]( [QUARTZ]( 2 [Where Would Menswear Be Without Black British Designers?]( [I-D]( 3 [A VC’s Guide to Investing in Black Founders]( [HARVARD BUSINESS REVIEW]( 4 [Brain Dead’s Kyle Ng Shows Streetwear Brands How to Respond to Racism]( [COMPLEX]( 5 [Fashion Magazine Editors, Take a Page From Audrey Withers]( [THE NEW YORK TIMES]( BoF CAREERS - FEATURED JOBS  [Digital Marketing Associate]( [A](    New York, United States  [RTW Production Manager]( [R]( & Russo](   London, United Kingdom  [In-House Press Coordinator]( [Vetements](   Zurich, Switzerland [View All Jobs](  [Subscribe Were you forwarded this email? 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