More layoffs at Glossier as the brand moves into wholesale; Allbirds lays off 8% of its global corporate workforce; Consumer wariness comes for Simon-owned retailers in Q2; Ulta Beauty launches digital innovation venture fund
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Note from the editor
At the very hour that Retail Dive was putting the finishing touches on a story looking at the declines of brands that once enjoyed billion-dollar valuations – so-called “unicorns” – two of them, Allbirds and Glossier, reported layoffs.
This could be a clear sign of a “disruption of the disruptors,” or perhaps proof of how much longstanding industry fundamentals, including physical stores and wholesale partnerships, still matter. Macroeconomics like inflation, supply chain issues and interest rates, and maybe the thinning patience of venture capitalists, likely also have a part.
Today there was a convergence of stories in one of retail’s most interesting segments. We’ll continue to explore this in-depth as developments unfold.
Twenty-three people were let go last week after the footwear brand, facing rising costs, evaluated roles and processes to prep for its next phase of growth.
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