The Indicator | December 13th, 2024

● Independent designers like Collina Strada, Telfar, Kiko Kostadinov, The Elder Statesman, Sant Ambroeus Batsheva and Denim Tears, who previously leaned on wholesale accounts and e-commerce to grow their businesses are investing in in-person shopping this year with store openings in NYC, LA, Aspen among others. (Vogue Business) 

● Temu is positioning itself as a marketplace for more than just low-cost goods as it looks to challenge Amazon as the next everything store. The platform Temu is trying to broaden its appeal by adding more higher-priced items to its product assortment. (Modern Retail) 

● More than a quarter of sales at Foot Locker were connected to the FLX loyalty program, up 4 percentage points from the third quarter last year, according to the CEO. The retailer simplified the in-store sign-up process in October and aims to reach 50% loyalty penetration by 2026. (Retail Dive) 

● Fashion and beauty brands are watching closely as TikTok fights a desperate battle to halt its impending ban. Many have been diversifying their channels in recent years. Already, a number of creators are asking followers to find them on other networks, such as Instagram and YouTube. (Business of Fashion) 

● Canvas Beauty sold more than 100,000 products on TikTok Shop, generating $2.1 million of its total sales via a 12-hour “mega live” stream hosted by the founder, breaking its own platform-wide record for the most products sold in a single live session. (WWD)

● According to analytics firm Numerato, Walmart’s Bettergoods and Target’s Dealworthy were the two fastest-growing private-label brands on the market for the year. The two brands, both of which were launched in 2024, increased their sales volume by more than 200%. (Supermarket News)