Retail Council of Canada’s Post

Get to $1MM in Sales for your Fashion Brand with Wholesale! Everyone wants to get into Saks, Anthro and Revolve and other large retailers, but one BIG question to ask is: Can you afford to do wholesale? It’s crucial to understand the margins for wholesaling your line. Typically, you'll need to give wholesale accounts a generous margin for them to make money. At Alala, we use aim for a 60-65% margin when pricing for wholesale and then a 2.25-2.5x markup from wholesale to retail. If you don’t have strong COGS, you might end up losing money going wholesale, especially when factoring in other costs like warehousing and shipping. Get your COGS under control before considering selling to other stores. At the very least, try to break even initially. More insights coming soon! Subscribe to my Substack for weekly newsletters about how to grow your fashion brand to $1MM in sales. #Wholesale101 #Margin #COGS #FashionBusiness

Would love to hear your thoughts.... Is relying on fashion wholesale agents a thing of the past or a timeless strategy in the ever-evolving world of fashion? Some argue that with the rise of digital platforms and direct-to-consumer models, traditional wholesale agents might be losing their edge. Brands today have more tools at their disposal to reach customers directly, potentially making the middleman seem outdated. On the flip side, fashion wholesale agents bring a wealth of industry expertise, established networks, and streamlined processes. In an era of constant change, having a reliable partner can be a game-changer for brands navigating the complexities of distribution and retail. Perhaps the key lies in striking a balance. Using someone like me. For example, I hold many relationships and the expertise in what buyers are looking for and the trading conditions they may require. However, you aren't tied into long contracts, have the complications and costings of sample sets and you get to build/hold the relationships with the retailers yourself. The fashion landscape is evolving and the role of wholesale agents isn't necessarily fading. However, it's important to explore potential new ways of working. It's about adaptability and finding the right mix that aligns with your brand's goals. Please get in touch if you would like to hear more on how I work and the support I can offer your business. #FashionDebate #WholesaleAgents #FashionForwardThinking

There always is a Light House. Despite the challenges industry faced in 2023, there were and will be the pockets of Growth for Global Fashion Industry in 2024, as per McKinsey Global Fashion Index report. We, at #peakspartners, help #globalbrands and #retailers to identify pockets of #growth and unlock new value drivers of #performance, amidst uncertainty in the face of headwinds.  See the summary here ⬇ #globalfashion #fashionindustry #fashion2024 #growthgoals #retailconsulting #brandconsulting #franchisee #distribution #retailindustry

How did American Eagle Outfitters Inc. go from a U.S. denim brand to a global fashion icon? 🌍✨ In this clip, Naveen Gunti reveals the strategies behind AEO’s international success. Watch now ⤵ ⦿ Episode: The Frictionless Experience | How to Expand Global eCommerce with Naveen Gunti of American Eagle Outfitters ⦿ Hosts: Chuck Moxley and Nick Paladino #Frictionless #digitalfriction 

Snapshot 📸 Nordic Retail News This is your monthly round-up of what’s been happening in Nordic Retail News. From the expansion of well-known fashion brands to new store locations you didn’t think possible, the Nordics is full of exciting new developments. Read the below Snapshot blog post to hear more about what is happening in Nordic Retail News. Read the article here 📲: https://lnkd.in/eSjAM-Nw #snapshot #crmp23 #nordicnews #retailnordics #nordics

We are excited to announce that we have launched the FPBC France Business Hub.   You can connect with like-minded fashion industry professionals in France as well as advertise your products and services to new #French partners.   Follow our dedicated FPBC FRANCE page and our main FPBC page for the latest club news and exclusive offers.   * * *   #France #businessnewsfrance #FashionIndustryFrance #GetClients #francebusiness #businessopportunity #networking #fashionindustry #business #businessclub #businesspartners #fashion #fashiondesigners

We are excited to announce that we have launched the FPBC France Business Hub.   You can connect with like-minded fashion industry professionals in France as well as advertise your products and services to new #French partners.   Follow our dedicated FPBC FRANCE page and our main FPBC page for the latest club news and exclusive offers.   * * *   #France #businessnewsfrance #FashionIndustryFrance #GetClients #francebusiness #businessopportunity #networking #fashionindustry #business #businessclub #businesspartners #fashion #fashiondesigners

We are excited to announce that we have launched the FPBC France Business Hub.   You can connect with like-minded fashion industry professionals in France as well as advertise your products and services to new #French partners.   Follow our dedicated FPBC FRANCE page and our main FPBC page for the latest club news and exclusive offers.   * * *   #France #businessnewsfrance #FashionIndustryFrance #GetClients #francebusiness #businessopportunity #networking #fashionindustry #business #businessclub #businesspartners #fashion #fashiondesigners

We are excited to announce that we have launched the FPBC France Business Hub.   You can connect with like-minded fashion industry professionals in France as well as advertise your products and services to new #French partners.   Follow our dedicated FPBC FRANCE page and our main FPBC page for the latest club news and exclusive offers.   * * *   #France #businessnewsfrance #FashionIndustryFrance #GetClients #francebusiness #businessopportunity #networking #fashionindustry #business #businessclub #businesspartners #fashion #fashiondesigners

We are excited to announce that we have launched the FPBC France Business Hub.   You can connect with like-minded fashion industry professionals in France as well as advertise your products and services to new #French partners.   Follow our dedicated FPBC FRANCE page and our main FPBC page for the latest club news and exclusive offers.   * * *   #France #businessnewsfrance #FashionIndustryFrance #GetClients #francebusiness #businessopportunity #networking #fashionindustry #business #businessclub #businesspartners #fashion #fashiondesigners