If you're of the modern luxury business set, chances are you're reading LeanLuxe. Launched in July 2016, LeanLuxe is an online newsletter of noteworthy developments and big picture happenings in retail.
On this episode, Editor-in-Chief, Paul Munford and Stephan Ango roundup the latest news and trends driving modern commerce. VCs poured a record $138 billion into U.S. startups last year, but were unicorn valuations and expectations realistic to begin with? Now that the dust has settled, Paul discusses the adjustments VCs are making (3:20). Stephan and Paul question if it’s getting harder to become a global brand despite greenfield opportunities in consumer products (9:07). They chew on the consumer-centric shift in commerce, arguing a more fragmented marketplace will emerge (24:14). He talks about the new problem with shopping (27:40) and the return of physical retail (37:55). They discuss brands’ challenges of creating a physical gathering place (39:01) and community-building as a distribution tool. Finally, Paul talks about the future of connecting online (45:52) and the big opportunity around niche platforms (51:44).
Follow LeanLuxe on Twitter and subscribe to the newsletter.
Also mentioned on the show:
2PM NewsletterHimsProcter & Gamble has acquired the startup aiming to build the Procter & Gamble for people of colorWell Made Episode 56 with Max Temkin: Disregarding RulesThe Trust Battery: My Interview with Shopify Founder Tobi LütkeWell Made Episode 54 with Studio Neat: Making Whatever You WantWell Made Episode 32 with Ken Tomita: Failing Without Fear"E-commerce sales in the third quarter of 2018 accounted for 9.8 percent of total sales."Well Made Episode 4 with Matt Alexander: Permission to Think SmallerNeighborhood GoodsSHOWFIELDSFunction of Beauty Innovation LabthingtestingAngela Ahrendts: The life and rise of Apple's highest-paid executiveRapha ClubhousesWell Made Episode 53 with Eliza Blank: Cultivating a Modern Relationship with PlantsThe Sill ForumWinnieThe WingGirlboss Is Launching a LinkedIn-Like Platform That’s Exclusively for WomenCrossFit and SoulCycle are becoming “churches” for millennialsThe Machine Stops by E.M. ForsterLinks and images can be found on the Lumi blog.