MODA OPERANDI LAUNCHES A NEW PLATFORM FOR EMERGING DESIGNERS
The luxury e-tailer will support young labels with marketing and product strategy while developing a design and manufacturing network.
Despite having launched her label back in 2001, Colombian designer Johanna Ortiz was an unknown name outside the country until Moda Operandi picked up the bright and feminine label in 2014. By the following year, Ortiz’s sold out off-the-shoulder blouse was impossible to miss on social media and celebrity step and repeats.
Since then, Moda Operandi — the e-commerce company that launched in 2011 and enables women to pre-order designer pieces straight off the runway, as well as offering an inventory of current season pieces — has taken an active role in guiding Johanna Ortiz’s growth. (This year, the label is projected to reach upward of $7.5 million, according to market sources; sales grew 215 percent year-over-year in 2016.) “We grew from her main collection into exclusive collections [that] really spoke to the femininity of Moda and what our best selling colors are,” says chief executive Deborah Nicodemus. “We started forecasting what her sales were going to be, by style and collection, to help her do forecasting as well.”
It’s a strategy Moda Operandi has implemented with other young brands over the years — to different degrees of involvement — as a way to familiarise its ultra-high net worth consumers, who spend an average $1,400 per order seven times a year, with lesser-known labels.
Now, Moda Operandi is officially bringing that hands-on approach to a new crop of brands with The Platform, a digital incubator.
The e-tailer has committed to supporting these emerging designers through marketing, and also advising on assortment planning, product development guidance, manufacturing, sales forecasting and brand development services. While participating brands can sell their wares to other brick-and-mortar retailers, they must be exclusive to Moda Operandi online.
“[The Platform] furthers positions Moda in the forefront of fashion,” says Nicodemus, adding that emerging designers represent 25 percent of the company’s current sales. “We are putting a stake in the ground for being known for [emerging brands].”
To start off, The Platform will partner with four emerging labels; Moda Operandi will work with them for a minimum of three seasons, with the hopes of supporting 25 in the next three years. The first edition includes: Markarian, a ready-to-wear collection of dresses from New York-based designer Alexandra O’Neill that launched this spring; Eleanor Balfour, who has worked with Oscar de la Renta and Adeam; Yeon Park, who launched New York in 2014 as a direct-to-consumer label; and Lake Studio, a Ukrainian label by Olesya Kononova and Anastasia Riabokon that launched in 2008 and was previously only available in Eastern Europe.T