Third Wave Fashion // NOVEMBER 2013 // FOOD, FASHION + FEASTING | Page 10

FAB CUTS FOR PROFIT
Recently valued at $1 billion,
Fab.com cut 101 employees in an
effort to become profitable after
two years of funding. After a shift
from flash sales to an inventorybased system, the cuts are
expected to not only enhance
profitability, but increase
sustainability for the company.
BUSINESS OF FASHION

NO IPO DESPITE GROWTH AND PROFIT
In an effort to allow online sellers to grow with the company, Etsy is redefining
“handmade” to prevent the alienation of independent merchants struggling to
meet demand. Profitable since 2009 with 70 percent growth since 2011, Etsy has
no plans to go public. BUSINESS INSIDER

BEACHMINT SEEING DOUBLE
A seemingly unstoppable force, Mary Kate and Ashley Olsen are now co-chairs
of the Beach Mint advisory board. The move is an effort to advance Mint brands
to the “leading destination for all things fashion.” FASHIONISTA

THE FUTURE OF INSTANT GRATIFICATION
Condé Nast and MasterCard have teamed up in the newest form of instant
gratification and in-publication purchasing technology. Joining the ranks of
PeaPod and same-day shipping ventures of eBay and Amazon, the partnership
could be a step in cutting out the middleman while developing more efficient
markets. NY TIMES