Fashion Brands Crowdfund For Cash and Ideas

Will hiking-sneaker-boots be as successful as dress-pant-yoga-pants?

The Wall Street Journal is noting that apparel brands are trying to get closer to their customers by having them help design fashion and then pre-buy it online via crowdfunding. By the way, the dress-yoga-pants have sold $14 million pairs.

Crowdfunding/sourcing is now just another marketing arrow along with interviews, focus groups and polls to find out what customers think and want.

J. Peterman, of Seinfeld fame, has emerged from bankruptcy and is trying to raise $0.5 Million on Kickstarter thinking that’s where the younger crowd hangs out.

Seems like they want both money and ideas.
http://www.wsj.com/articles/crowdsourcing-opens-up-fashion-brands-1461778931

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, VC, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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