DTC drives Levi's amid consumer 'bifurcation'

Levi's posts record DTC revenue, sees consumer 'bifurcation'

Owned stores and ecommerce channels are proving to be growth engines for Levi Strauss, as the apparel company posted DTC records globally and in the U.S. for the first quarter. Loyalty membership was up 40%, indicating that Levi’s is finding success with repeat customers, even as it sees a pullback among value consumers.

Why do brands want to turn their websites into marketplaces?

Well-known retailers aren’t the only businesses standing up third-party marketplaces. Direct-to-consumer brands like Great Jones and Nanit are experimenting with sales of products from other brands on their websites. It shows how curation can help to drive traffic, especially for brands that don’t make products in need of frequent replacement. – Thingtesting

Poshmark debuts live shopping for resale

Livestreaming is now a format to sell secondhand goods straight from the closet, thanks to a new feature from Poshmark. Posh Shows features an auction format where buyers bid on one-of-a-kind items, and interact with sellers through social tools. Poshmark is already seeing uptake. Will resale propel live shopping success in the West?

3PLs replace retailers as the nation’s largest leasers of warehouse space

Third-party logistics providers rose to the top of a CBRE measure of warehouse leases for the first time, accounting for 41% of big-box transactions in 2022 and fueling a 23% spike in first-year lease prices. It shows that growth in the third-party logistics market is continuing, even as we lap the pandemic ecommerce boom that brought an onslaught of demand for services that could enable a fast pivot to digital. Overall, vacancy in large warehouses remains at record lows. – Chain Store Age

US job growth slows some in March, unemployment still low

New this morning: The U.S. added 236,000 new jobs in March, while unemployment was essentially unchanged. Wages ticked up. It all points to a still-strong job market, even as growth is cooling. That’s a good sign for demand. But the conflicting report may make the Federal Reserve’s job even trickier than it already was. Stay tuned for next week's inflation data to learn more.

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