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Ssense’s bankruptcy filing makes it the latest in a long line of online luxury retailers to find itself on the brink. In an internal memo, Ssense co-founder and CEO Rami Atallah blamed US tariffs for creating an “immediate liquidity crisis.” But as BoF correspondent Malique Morris details, the real damage pre-dated the latest trade shock: years of training a young audience to wait for markdowns, overexposure to the US market, and leadership inertia as luxury slowed industry-wide.
With hosts Brian Baskin and Sheena Butler-Young, Morris unpacks how Ssense won indie labels and cultural clout but dulled its edge as discounts became the default. They also explore whether Ssense can keep its cool factor while courting full-price shoppers, and which outcomes will best protect the fragile ecosystem of small brands that rely on the platform.
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Hosted on Acast. See acast.com/privacy for more information.
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Ssense’s bankruptcy filing makes it the latest in a long line of online luxury retailers to find itself on the brink. In an internal memo, Ssense co-founder and CEO Rami Atallah blamed US tariffs for creating an “immediate liquidity crisis.” But as BoF correspondent Malique Morris details, the real damage pre-dated the latest trade shock: years of training a young audience to wait for markdowns, overexposure to the US market, and leadership inertia as luxury slowed industry-wide.
With hosts Brian Baskin and Sheena Butler-Young, Morris unpacks how Ssense won indie labels and cultural clout but dulled its edge as discounts became the default. They also explore whether Ssense can keep its cool factor while courting full-price shoppers, and which outcomes will best protect the fragile ecosystem of small brands that rely on the platform.
Key Insights:
Additional Resources:
Hosted on Acast. See acast.com/privacy for more information.
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