Latest news with #AmandaMcCormickBacal
Yahoo
a day ago
- Business
- Yahoo
Joor's Solution to Fashion's Need for Speed is a Digital Trade Show
In today's retail relay, growth hinges on handing buyers the baton of evergreen bestsellers and fresh-drop stock primed to ship at the speed of style. After all, McKinsey reported last November, one-third of consumers now expect same-day delivery to keep pace with their fashion fix. In response to these evolving demands, Joor developed a first-of-its-kind digital show to unite fashion brands with inventory available to sell (ATS) now. The fashion apparel sector's wholesale management ecosystem is calling it the Ready-To-Ship Style digital event, as developed to address the evolving needs of the industry's retail landscape. More from Sourcing Journal China Warns Nations Not to Sign Trade Deals With US at Its Expense FedEx Faces $170M in Tariff Headwinds as US Cracks Down on De Minimis China Port Volumes Hit Record Highs on US Tariff Truce 'Brands are seeking efficient ways to sell through existing inventory, while retailers require the agility to place orders closer to delivery, minimizing risk by reacting to trends and real-time product performance,' said Amanda McCormick Bacal, senior vice president of marketing at Joor. 'By focusing on available-to-sell inventory, this groundbreaking digital experience provides access to products before prices are impacted by upcoming tariffs, as well as a showcase for evergreen styles which have become increasingly vital to retailers' assortments.' The digital trade show, hosted on Joor Passport, features 145 brands—including Mother Denim, Juicy Couture and Farm Rio—all with ATS inventory. Participating players can showcase brand bestsellers, evergreen pieces and carryover styles to 'maximize visibility of current stock,' Joor said, 'and drive sales ahead of the upcoming tariff changes.' Retailers looking to address these evolving market needs quickly, meanwhile, can now source styles in stock and ready to ship rather than placing orders to be delivered six months later. Joor's exclusive transaction data revealed several 'seismic shifts' within the luxury wholesale fashion industry over the past five years. Retailers are increasingly placing orders on shorter lead times, the data found, and placing smaller initial orders to save more of the company's buying budget for in-season purchases. In fact, per the New York-based platform, the average time from a wholesale order being placed to the product shipping has fallen 66 percent—from a high of 253 days in 2019 to just 86 days in 2024. In addition, evergreen styles continue to signify the climbing importance of such core items' driving overall sales volumes—growing from 37 percent of gross merchandise value (GMV) on Joor in 2019 to 47 percent in 2024. 'The fact that nearly half of total transaction volume is now dedicated to evergreen products demonstrates brands continued focus on maximizing best sellers and retailers' continued desire to invest in proven commercial winners,' Joor said. Looming tariffs seriously influence the wholesale fashion market's need for speed as well. Joor's tariff survey from April confirmed that 85 percent of brands anticipate increasing prices because of global tariffs, creating an urgency for retailers to order and receive goods in advance of these price hikes. The Joor Ready-To-Ship Style passport show runs until August 18. 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
Fashion Network
2 days ago
- Business
- Fashion Network
JOOR launches 'Ready-To-Ship Style' in-season event as buyer priorities evolve
The company's transaction data shows that 'a number of seismic shifts have occurred within the luxury wholesale fashion industry over the past five years'. Retailers are increasingly placing orders on shorter lead times and 'placing smaller initial orders while saving more of their buying budgets for in-season purchases'. This has meant the average time from a wholesale order being placed to the product shipping having 'fallen dramatically from a high of 253 days in 2019 to just 86 days in 2024'. It added that 'evergreen styles have become an increasingly important business driver—growing from 37% of GMV on JOOR in 2019 to accounting for 47% of GMV in 2024'. It believes this 'demonstrates brands' continued focus on maximising best-sellers and retailers' continued desire to invest in proven commercial winners'. The Ready-To-Ship Style JOOR Passport show runs for eight weeks until 18 August. And with retailers aiming to order and receive goods in advance of tariff-linked price hikes, the company said there's even more of a need to stage such an event. Amanda McCormick Bacal, its SVP of Marketing, said: 'Brands are seeking efficient ways to sell-through existing inventory, while retailers require the agility to place orders closer to delivery, minimising risk by reacting to trends and real-time product performance. By focusing on available-to-sell inventory, this digital experience provides access to products before prices are impacted by upcoming tariffs, as well as a showcase for evergreen styles which have become increasingly vital to retailers' assortments.'
Fashion Network
2 days ago
- Business
- Fashion Network
JOOR launches 'Ready-To-Ship Style' in-season event as buyer priorities evolve
The company's transaction data shows that 'a number of seismic shifts have occurred within the luxury wholesale fashion industry over the past five years'. Retailers are increasingly placing orders on shorter lead times and 'placing smaller initial orders while saving more of their buying budgets for in-season purchases'. This has meant the average time from a wholesale order being placed to the product shipping having 'fallen dramatically from a high of 253 days in 2019 to just 86 days in 2024'. It added that 'evergreen styles have become an increasingly important business driver—growing from 37% of GMV on JOOR in 2019 to accounting for 47% of GMV in 2024'. It believes this 'demonstrates brands' continued focus on maximising best-sellers and retailers' continued desire to invest in proven commercial winners'. The Ready-To-Ship Style JOOR Passport show runs for eight weeks until 18 August. And with retailers aiming to order and receive goods in advance of tariff-linked price hikes, the company said there's even more of a need to stage such an event. Amanda McCormick Bacal, its SVP of Marketing, said: 'Brands are seeking efficient ways to sell-through existing inventory, while retailers require the agility to place orders closer to delivery, minimising risk by reacting to trends and real-time product performance. By focusing on available-to-sell inventory, this digital experience provides access to products before prices are impacted by upcoming tariffs, as well as a showcase for evergreen styles which have become increasingly vital to retailers' assortments.'
Yahoo
2 days ago
- Business
- Yahoo
Joor's Solution to Fashion's Need for Speed is a Digital Trade Show
In today's retail relay, growth hinges on handing buyers the baton of evergreen bestsellers and fresh-drop stock primed to ship at the speed of style. After all, McKinsey reported last November, one-third of consumers now expect same-day delivery to keep pace with their fashion fix. In response to these evolving demands, Joor developed a first-of-its-kind digital show to unite fashion brands with inventory available to sell (ATS) now. The fashion apparel sector's wholesale management ecosystem is calling it the Ready-To-Ship Style digital event, as developed to address the evolving needs of the industry's retail landscape. More from Sourcing Journal FedEx Faces $170M in Tariff Headwinds as US Cracks Down on De Minimis China Port Volumes Hit Record Highs on US Tariff Truce Footwear Firms Rejiggering Supply Chains Will See Long-Term Benefits 'Brands are seeking efficient ways to sell through existing inventory, while retailers require the agility to place orders closer to delivery, minimizing risk by reacting to trends and real-time product performance,' said Amanda McCormick Bacal, senior vice president of marketing at Joor. 'By focusing on available-to-sell inventory, this groundbreaking digital experience provides access to products before prices are impacted by upcoming tariffs, as well as a showcase for evergreen styles which have become increasingly vital to retailers' assortments.' The digital trade show, hosted on Joor Passport, features 145 brands—including Mother Denim, Juicy Couture and Farm Rio—all with ATS inventory. Participating players can showcase brand bestsellers, evergreen pieces and carryover styles to 'maximize visibility of current stock,' Joor said, 'and drive sales ahead of the upcoming tariff changes.' Retailers looking to address these evolving market needs quickly, meanwhile, can now source styles in stock and ready to ship rather than placing orders to be delivered six months later. Joor's exclusive transaction data revealed several 'seismic shifts' within the luxury wholesale fashion industry over the past five years. Retailers are increasingly placing orders on shorter lead times, the data found, and placing smaller initial orders to save more of the company's buying budget for in-season purchases. In fact, per the New York-based platform, the average time from a wholesale order being placed to the product shipping has fallen 66 percent—from a high of 253 days in 2019 to just 86 days in 2024. In addition, evergreen styles continue to signify the climbing importance of such core items' driving overall sales volumes—growing from 37 percent of gross merchandise value (GMV) on Joor in 2019 to 47 percent in 2024. 'The fact that nearly half of total transaction volume is now dedicated to evergreen products demonstrates brands continued focus on maximizing best sellers and retailers' continued desire to invest in proven commercial winners,' Joor said. Looming tariffs seriously influence the wholesale fashion market's need for speed as well. Joor's tariff survey from April confirmed that 85 percent of brands anticipate increasing prices because of global tariffs, creating an urgency for retailers to order and receive goods in advance of these price hikes. The Joor Ready-To-Ship Style passport show runs until August 18.
Fashion United
2 days ago
- Business
- Fashion United
Joor introduces 'Ready-to-Ship Style' for in-season buying and tariff mitigation
In a strategic move to align with the rapid demands of contemporary retail, fashion tech innovator Joor has unveiled "Ready-To-Ship Style," a new digital trade show. Launched today on Joor's virtual marketplace, Passport, this event aims to connect retailers with immediate inventory from 145 premium brands, including Blumarine, Farm Rio, and C.P. Company. This initiative directly addresses the evolving retail landscape, characterized by shorter lead times and more agile buying patterns. Joor's proprietary data highlights a significant shift: the average time from wholesale order to shipment has dramatically decreased from 253 days in 2019 to just 86 days in 2024, underscoring a fundamental change in how buyers plan their assortments. The company seeks to alleviate industry pressures related to agility, inventory risk, and anticipated global tariffs. Amanda McCormick Bacal, Senior Vice President of Marketing at Joor, stated in a press release, 'In today's retail environment, brands are seeking efficient ways to offload existing inventory while retailers need the flexibility to make data-driven buying decisions closer to delivery windows. Our Ready-To-Ship Style event delivers on both fronts.' Another significant driver behind this launch is the increasing importance of "evergreen" products—classic, seasonless styles consistently in demand. These items constituted 47 percent of Joor's gross merchandise value (GMV) in 2024, a notable rise from 37 percent in 2019, indicating a clear trend towards reliability and commercial consistency. Furthermore, the platform is proactively responding to expected price increases stemming from new global trade tariffs. A recent Joor survey revealed that 85 percent of brands anticipate raising prices soon, prompting buyers to secure inventory before costs escalate. Eight week digital event The eight-week digital event, hosted on Joor Passport—the company's virtual venue for digital showrooms and fashion week experiences—offers buyers a curated selection of bestsellers, carryover styles, and new in-stock merchandise. The event concludes on August 18, 2025. Since its inception, Joor Passport has facilitated over 100 events, attracting more than 475,000 retail visitors from 174 countries. Founded in New York, Joor is recognized as the fashion industry's premier B2B wholesale platform, processing nearly 20 billion dollars in annual transactions. Its extensive client base includes luxury powerhouses such as LVMH, Richemont, and Capri, alongside partnerships with prominent retailers like Harrods, Selfridges, and Dover Street Market. With "Ready-To-Ship Style," JOOR solidifies its position not merely as a transactional platform but as a vital strategic tool for navigating the intricate intersection of fashion, logistics, and global economics.
