Faire, an internet wholesale market that connects impartial retailers and producers, will host its first Faire Fashion Week, an attire and footwear preorder occasion, nearly from Aug. 30 by means of Sept. 3.
Brands will be capable to present their designs for upcoming seasons to Faire’s world neighborhood of 200,000 impartial retailers.
In February, Faire launched a preorder market for attire, footwear and equipment manufacturers. Since then, Faire has seen 10 occasions the rise in preorder demand, serving to manufacturers triple their preorder gross sales.
Faire’s attire class now represents 2,500 rising and established attire and footwear manufacturers from greater than 80 international locations. Among these exhibiting are Just Black Denim, PX Clothing and Amy Byer.
Among the options of Faire Fashion Week, Faire will fund 20 p.c off any time a retailer preorders $1,000 or extra from a model on the occasion, making it simpler for retailers to attempt new kinds with out threat. Faire can even provide elevated time period limits making certain no cost is required upfront, serving to retailers safe kinds whereas managing their stock money circulate. Retailers can take a look at new kinds in retailer and return what doesn’t promote, for free of charge. Attendance is free for retailers.
Faire has expanded into the European market and has seen quick development there. Last month, Faire mentioned it raised $260 million in its newest funding spherical led by Sequoia Capital. With this funding, Faire is now valued at $7 billion, almost tripling its earlier valuation of $2.5 billion disclosed over six months in the past.
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