Latest news with #Rebag
Miami Herald
14 hours ago
- Business
- Miami Herald
Amazon makes major luxury play that customers will love
I buy almost everything online from Amazon. Household staples, weekly groceries, last-minute gifts - you name it, it's probably arriving in a box with that familiar smile on it. I even love when a retailer offers Amazon Pay on its own site. Let's be honest - no one enjoys typing out their shipping address and credit card number for the hundredth time. With a single click, the order is done. Related: Amazon picks impressive partner for new storefront Convenience is everything. I've lost count of how many carts I've abandoned just because I couldn't check out with Amazon Pay, PayPal, or Shop. Probably saved myself thousands, to be honest. There is one category I've never turned to Amazon for: luxury. Designer handbags, premium fashion, high-end accessories? Until now, Amazon wasn't even on my radar for those purchases. But it looks like that may change. Amazon (AMZN) has been quietly building out its luxury offerings since launching Amazon Luxury Stores in 2020. But after an initial pandemic-fueled push, the effort largely faded from the spotlight. Now, the e-commerce giant is making a major new play, and it's doing it with the help of secondhand luxury marketplace Rebag. According to a June 10 press release, Rebag launched its biggest partnership yet, bringing nearly its entire inventory (about 30,000 designer bags!) to Amazon Luxury Stores. Shoppers can now browse everything from a $1,000 red Gucci bag to a $3,400 edgy Chanel Flap bag or even a $21,000 gray Hermes Birkin bag - all with the same convenience they expect from Amazon Prime. Related: Chanel acts on climate: tackling fashion's growing waste problem Honestly, this is dangerous news for my credit card. "With Amazon, we have very wide goals and want to be as broad as possible in the category," said Rebag CEO Charles Gorra. It's a smart move. According to a Vogue Business survey, 37% of luxury consumers are cutting back on spending. With tariffs also driving up costs, Amazon's massive reach offers brands a way to tap into new customers who may not shop at traditional luxury retailers. And for Rebag, this isn't its first experiment with mass-market partners. In January, the company teamed up with Walmart. Now, Amazon's scale presents an even bigger opportunity. Amazon's luxury ambitions are clear. With a reported 83% of U.S. households shopping on the platform, the e-commerce giant sees a massive opportunity to bring high-end fashion to a broader audience. For Rebag, this partnership is about reaching beyond its core markets in New York, California, and Florida. Amazon allows it to target luxury shoppers in less saturated regions, from Texas to the Midwest. "When there's such a massive audience, even a small share of that audience is very meaningful user gains for us," Gorra said. It's a calculated bet. While some luxury shoppers still prefer the tactile experience of in-store browsing, many are increasingly comfortable making high-end purchases online. But Amazon faces hurdles. Its utilitarian interface lacks the aspirational feel of platforms like Mytheresa. And brand perception remains a challenge; not all luxury labels are eager to align with Amazon's mass-market image. Still, as companies like Rebag and Saks embrace the platform, Amazon's luxury experiment is gaining momentum. If it succeeds, the way we shop for designer goods might never be the same. Looks like even hiding my credit cards might not save me from this one. Related: Gucci, YSL owner pushes back on tariff threats The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
14 hours ago
- Entertainment
- Yahoo
Kendra Scott and Dolly Parton Launch Second Jewelry Collection Inspired by ‘I Will Always Love You'
Kendra Scott and Dolly Parton have released their second collaborative jewelry collection, drawing inspiration from Parton's hit song 'I Will Always Love You.' The collection blends Scott's recognizable jewelry designs with motifs and colors associated with Parton. 'Every piece in this collection is a reminder to lead with love, authenticity, and shine your light in the world, just like Dolly has always done. Inspired by one of her most iconic songs, you'll find heart and butterfly motifs throughout this collection, representing everything Dolly stands for,' said founder and chief creative officer, Kendra Scott, via statement. 'Dolly is a true icon that means so much to so many of us, and I am thrilled to pay homage to her hit song in this special way.' More from WWD Ja Morant's Swarovski-studded Nike Air Force 1s Are Expected to Be Released This Year Urban Outfitters Debuts First Pride Vinyl Collection Made in Collaboration With Influential LGBTQIA+ Artists, Allies and Labels Rebag Expands Access to Pre-loved Luxury Goods With New Amazon Collaboration The line features 10 pieces, including heart pendants, floral elements and butterfly-inspired details. Each piece is designed to reflect themes present in Parton's music, such as love, transformation and authenticity. Both Scott and Parton are known for their philanthropic work. This collaboration supports their ongoing efforts to promote childhood literacy. Proceeds from the collection will benefit the Kendra Scott Foundation's Yellow Library and Dolly Parton's Imagination Library, which provide books and educational resources to children. The collection is available both online at and in Kendra Scott retail stores. Prices range from $70 to $198. Scott and Parton debuted their first collaboration in November 2024. The designer has also released collections with LoveShackFancy, Wrangler, Barbie and Lainey Wilson. Best of WWD ColourPop x Lilo & Stitch Collaborate on Mischievous Island Adventures Collection in New Campaign [PHOTOS] Lunar New Year Collections to Know: Details on Fashion, Jewelry and More Brands Embracing the Year of the Snake Valentine's Day Collections to Know: Details on Fashion, Makeup, Jewelry and More Brands Giving Products a Touch of Love, Live Updates
Yahoo
2 days ago
- Business
- Yahoo
Amazon.com (NasdaqGS:AMZN) Expands Luxury Resale And Launches Smart Property Access Solutions
saw a notable price increase of 13% over the past month, an uptick likely bolstered by recent key initiatives. The collaboration with Rebag, which brings nearly 30,000 curated pre-loved luxury items to Amazon's platform, enhances their marketplace offering, especially in sustainable luxury goods. Additionally, the launch of the Amazon Key Access Control System addresses modern property access challenges, aligning with rising expectations for enhanced security solutions. These efforts complement a broader market trend, where the S&P 500 and Nasdaq showed strength amid easing global trade tensions and benign inflation data. Collectively, these initiatives added weight to Amazon's positive share price movement. Buy, Hold or Sell View our complete analysis and fair value estimate and you decide. Rare earth metals are the new gold rush. Find out which 24 stocks are leading the charge. Amazon's recent initiatives, including the partnership with Rebag and the Amazon Key Access Control System, signal a shift towards enhancing its marketplace offerings and addressing modern consumer needs. These steps may bolster Amazon's narrative of improving operational efficiency. This expansion into sustainable luxury goods and property security could positively influence revenue streams. The anticipated increase in online engagement may align with revenue forecasts, while expanding services like AWS and advertising could further bolster earnings potential. However, substantial investments and risks such as tariffs and competition remain factors that could impact future profitability. Over a longer-term span of three years, Amazon's shares have generated substantial total returns of 112.7%. This impressive performance serves as a strong context for its latest price movement, which saw shares rise by 13% over the past month. Comparatively, Amazon has also surpassed the US Multiline Retail industry's one-year return of 16.4%. Currently, Amazon's shares are trading at US$185.01, reflecting a price discount when compared to the consensus analyst price target of US$239.33. This suggests that, based on analyst projections, there could be further upside potential for the stock. The interplay of these strategic moves with earnings forecasts remains crucial, as they might help drive the expected revenue growth of 8.9% per year, as forecasted. Navigate through the intricacies of with our comprehensive balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:AMZN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Entertainment
- Yahoo
From Cole Escola's Glittery Eyes to Cynthia Erivo's Stiletto Nails, a Look at the Best Beauty Moments at the 2025 Tony Awards
The stars opted for glitz and glam at the 78th annual Tony Awards. On Sunday evening, Broadway's best stepped out showcasing bold beauty looks from glittery eyes to bright red lips and large updos to Old Hollywood curls. More from WWD Rebag Expands Access to Pre-loved Luxury Goods With New Amazon Collaboration Jennifer Hudson Shines With $270,000 Jared Atelier Diamonds on 2025 BET Awards Red Carpet, Styles Vera Wang-collaborated Necklace for Performance Doechii Styles Floor-length Braids With Miu Miu Look for 2025 BET Awards Glitter was a top trend amongst Broadway's elite. Cole Escola, who took home the Tony Award for best actor in a play for their role in 'Oh, Mary!' sported a sparkly, silver eye look that perfectly matched the custom Wiederhoeft gown inspired by Berndatte Peters' look from the 1999 Tony Awards. The star wore a set of matching stiletto nails adorned with crystals. Adam Lambert, who previously starred in 'Cabaret' this season, opted for a similar full-on metallic look from the makeup to the hair to the nails to the suit. 'I was inspired by a Tony award. Literally that was my inspo,' Lambert told WWD on the red carpet ahead of the awards at Radio City Music Hall. Choreographer Camille A. Brown also opted for a bit of shimmer with gem stones placed along her hair line. Brown and several others, including Audra McDonald nominated for her role in 'Gypsy' and Lea Michele who will star in 'Chess' later this year, went for dark, bold eyes. While eyes were the focus for many stars at the event, some opted for bold lips. Nicole Scherzinger, who took home the award for best actress in a musical, and Sadie Sink, who was nominated for her role in 'John Proctor Is the Villain,' both opted for Old Hollywood-style red lips. Scherzinger's rendition employed Revlon products. Old Hollywood overall was a source of inspiration for many. When it came to hair, many including Amal Clooney, attending with her husband George Clooney who was nominated for his role in 'Good Night, and Good Luck' sported classic curls. Alongside the glamorous hair, she opted for a more minimalistic yet dewy makeup look courtesy of Charlotte Tilbury. Gracie Lawrence donned 1950s-esque curls, a nod to her role as Connie Francis in 'Just in Time' on Broadway, while Brooke Shields went for a slightly looser curl finished with products from her hair care line Commence. In the way of Old Hollywood, Scherzinger's bold updo was inspired by Audrey Hepburn's signature look in 'Breakfast at Tiffany's.' As per usual, Cynthia Erivo who hosted the awards' ceremony wore her stiletto nails, this time featuring red florals and adorned with crystals courtesy of nail artist Mycah Dior and Aprés Nails. Here, a look at the best beauty looks from the 78th annual Tony Awards. View Gallery Launch Gallery: Tony Awards 2025 Best Beauty [PHOTOS] Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS]
Forbes
24-04-2025
- Business
- Forbes
Phia, A Shopping App From Two Stanford Grads, Launches Amid Resale Boom
The U.S. secondhand apparel market is expected to reach $74 billion by 2029. (Photo by Neil ... More Godwin/Future Publishing via Getty Images) Secondhand apparel shopping has steadily grown to become a significant channel for consumers, and Phia, a new app and browser extension, is determined to help customers navigate the booming space and what's worth purchasing new or not. Phia works like 'the Google Flights for fashion,' said Sophia Kianni, co-CEO, helping shoppers discern whether they should buy an item new or secondhand based on aggregate resale data. Phia displays a graph showing the average prices for first-time purchases and second-hand purchases of a particular item. Suppose a white dress from a specific designer or store is selling for $200, for example, but the comparative resale value is $150. In that case, consumers might consider finding something secondhand or feel confident in their purchase. Phia is available for free both on Google Chrome and as an iOS app, where a user can add it and enable as a Safari extension. While browsing on Safari, users tap the 'Should I Buy This?' button on the Phia browser extension to get an instant price check, based on Phia's database of 250 million secondhand items. It can be used on over 40,000 shopping sites. Phia earns revenue through affiliate links when someone completes a purchase. Kianni's background is as a climate activist, and founded Climate Cardinals, a nonprofit offering climate change information in multiple languages, and is an advisor to the United Nations. She was also listed in Forbes' 30 Under 30 in 2023. Her co-founder and Co-CEO Pheobe Gates is the youngest daughter of Microsoft founder Bill Gates and his ex-wife, Melinda French Gates, and has publicly advocated for women's rights and reproductive health. 'The problem that we hit on time and time again was that we both loved secondhand shopping, but found it so difficult to compare across all of the different websites, and to know whether or not we were getting the best price or the best quality among what was out there,' said Kianni. With the secondhand market growing in popularity, it's reasonable to suspect that customers consider the resale value when making a purchase. In 2019, resale platform Rebag created a tool to evaluate handbag resale prices, which it compared to the Kelley Blue Book, a nearly century-old vehicle valuation service. And brands themselves have sometimes embraced resale value as a marketing narrative to offer comfort to customers when considering a purchase. In 2023, Telfar, at the time, featured a link to Rebag's 2022 report on resale value on the brand's online product pages. According to the resale market ThredUp, in its annual market report released in March, the U.S. secondhand apparel market grew 14% in 2024, marking its strongest annual growth since 2021. Overall, the U.S. secondhand apparel market is expected to reach $74 billion by 2029. 'People don't care about the resale value itself. What they care about is feeling justified in their purchase and knowing whether they should buy this item new, or should they buy it secondhand,' said Gates. Kianni, left, and Gates, right, met as roommates while at Stanford. At the time, Kianni pursued ... More pre-law while Gates studied pre-med. The idea for Phia emerged while the two were roommates at Stanford, sharing their experiences of shopping online and trying to find the same item sold by a retailer on second-hand sites. While Gates studied pre-med and Kianni planned to follow a legal career, but an entrepreneurship class persuaded them to eventually create the idea for Phia. 'It wasn't until we got in this ecosystem of learning about startups, seeing other kids building companies [at Stanford], that Sophia and I thought 'Oh, wow, this actually could be a full-fledged career path,'" said Gates. The first iteration of Phia was a Google Chrome browser extension that showed someone a second-hand version of a product as they shopped on a website. Browser extensions like Beni and Faircado work similarly. Notably, Phia launches at a time when secondhand shopping is poised for a greater boom than it has had to date due to potential tariffs. According to ThredUp, 59% of consumers say that if new government policies around tariffs and trade make apparel more expensive, they will seek more affordable options, like secondhand. Consumers across all ages plan to spend 34% of their apparel budget on secondhand in the next 12 months. As they launch and scale Phia, Gates and Kianni plan to share those experiences on their new co-hosted podcast, 'The Burnouts,' while also conversing with like-minded entrepreneurs and sharing their journeys of starting and scaling businesses. Recent guests have included Kris Jenner, who is also an investor in Phia, and social media financial planner Haley Sacks, known as Mrs. Dow Jones. 'The Burnouts' premiered in early April as part of the Unwell Network, founded by Alexandra Cooper, the host of the 'Call Her Daddy' podcast. Discussing the trials and tribulations of being an entrepreneur is an emerging podcast narrative, on the opposite end of the spectrum from early podcasts like Guy Raz's 'How I Built This,' which spotlight well-known and already successful companies and founders. Notably, Meghan Markle-Sussex, the Duchess of Sussex, launched a podcast called 'Confessions of a Female Founder,' which also interweaves her story of building her lifestyle brand, As Ever, while discussing entrepreneurship with female guests. 'We're still in it and learning how to do things and making mistakes and coming up with new ideas [while] open sourcing knowledge that we're so lucky to [receive],' said Gates. 'That is important for us, and we want to pull back [the curtain] into Phia even more.'
