Entireworld to Shut Down | BoF Professional, News & Analysis


Entireworld, the direct-to-consumer apparel brand that made a name for itself as the It-brand of early pandemic life, announced on its Instagram on Wednesday it would wind down operations and launch a liquidation sale. In the post, founder Scott Sternberg explains the difficulties the brand faced operating as an independent label, chasing “unsuccessful fundraising” and eventually an almost-acquisition that, after it fell apart, forced the brand to close.

“Entireworld is a big idea, a massive undertaking, which would require significant capital to be able to compete with the countless brands out there,” Sternberg wrote in the post.

Sternberg launched Entireworld in 2018, his next chapter after menswear brand Band of Outsiders (which sold men’s button-downs for up to $325 and relied on a wholesale model) closed. At the beginning of the pandemic, Entireworld’s success was chronicled in BoF as well as in The New York Times, as it became the poster brand for a feature on the future of the fashion industry called “Sweatpants Forever.” The article explored how near-instantaneous shifts in consumer preferences left fashion brands desperate to make a single sale, while those that were able to pivot were able to ride the loungewear wave of success.

As the world recalibrated and life outside the home resumed, however, consumers hurled themselves into “revenge shopping” for products like going-out clothes and party shoes. While loungewear and athleisure continue to be growing segments, the challenges that plagued independent brands before the pandemic have not disappeared.

Sternberg did not immediately respond to BoF’s request for comment.

Related Articles:

How to Talk to Customers During the Coronavirus Pandemic

Everyone Loves Sweatsuits and Fashion Is Cashing In

Band of Outsiders Founder Launches New Venture



Credit: Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Discover

Sponsor

spot_imgspot_img

Latest

Cambodia’s NCMW fixes dates for minimum wage raise discussion

Cambodia’s National Council on Minimum Wage (NCMW)...

Drew Barrymore Says Her Pores Are ‘Visibly Gone’ After Using This $18 Mask

When we’re looking for life advice, we always find ourselves scrolling through Drew Barrymore’s Instagram feed and watching her candid and informative videos,...

Toya Johnson’s Team Went Crazy This Week – Check Out The Pics

Toya Johnson is promoting her weight loss movement called Weight No More. Check out her post here. 'Our Team...
en English
X