Thakoon’s business restructuring is a blow to see-now-buy-now

Thakoon Panichgul, designer of his eponymous line Thakoon, made the leap to a direct-to-consumer business model in September. The bet aligning his collections with an in-season schedule would mean to get new items to customers faster. As soon as they saw his new designs on the runway, they could shop them at Thakoon stores and on the brand’s website. The wholesale middleman was cut out entirely.

Turns out, he might have moved too fast.

More in Marketing

ChatGPT ads land in U.K. as OpenAI outlines EU privacy rules

OpenAI has updated its EU ad policy to confirm personalized ads will only be served to users who explicitly opt in.

TikTok now has a seat next to Amazon and Walmart in RFPs

TikTok Shop has earned its place in the brief. What nobody has worked out yet, is who should actually run it.

Walmart executives see the promise of AI, but also the costs

Walmart is cracking down on redundant or inefficient uses of AI internally, knowing the technology has a price tag.