Rethinking The U.S. Multi-Brand Retail Format

As consumer foot traffic increases and retail stores restructure themselves as the pandemic shows signs of receding in the US, a few entrepreneurs are reinventing the department store. Leaning on direct-to-consumer brands for nimble inventory and restructuring the traditional wholesale payment model for a more equitable split between store and fashion label, these few stores are testing a wholly new business model for brick-and-mortar retail. A new entrant called One recently opened its doors on a prime corner of East Hampton, New York. Read more at Vogue Business.