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Oct 7, 2025

Line Sheet
BMW
Lauren Sherman Lauren Sherman

Hi, and welcome back to Line Sheet. I’ve unpacked and returned to life in Los Angeles, where I’ve secured tickets to see One Battle After Another in VistaVision as well as Haim at the Kia Forum (my new identity is going to concerts!), and booked several workout classes.

Anyway, I’ve gotta get my iPhone fixed (not ignoring your Instagram DMs, just can’t access them), so Sarah Shapiro is back today to give us all a break from Fashion Month with the story of Bandit, the brand that has taken over run clubs here in the U.S. Meanwhile, up top, I’ve got some fun intel on a new store opening in New York City (ooh la la), while Sarah identifies the color of the season and explains why Instagram is pushing creators hard, especially in fashion.

Programming note: Today on Fashion People, my guest is the one-and-only Becky Malinsky, fresh from Paris Fashion Week. On the agenda: Chanel, Alaïa, Celine, Loewe, Polo, and more, plus what we bought and what we didn’t. Becky also gets a couple of things off her chest about Milan. Listen here and here.

Mentioned in this issue: Bandit Running, Alex Rodriguez, Marc Lore, Nick and Tim West, Ardith Singh, Nike, Asics, Mark Zuckerberg, Hoka, On Running, Jen Rubio, Grace Wales Bonner, Marc Jacobs, Adam Mosseri, “Transformative Teal,” and much more…

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The refined BMW 7 Series is all luxury. With the ability to define your design, the ultimate glamour is yet to be. Learn more at

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Three Things You Should Know…

  • A new, special, specialty retailer in New York: Jen Rubio, the co-founder and former C.E.O. of Away (whose husband is the multi-exit billionaire Stewart Butterfield), has long wanted to open a store to fill the void left by Barneys New York, Opening Ceremony, etcetera. And it seems like she finally got her wish: I’m hearing that Rubio has signed a lease for a 10,000-square-foot space in the Meatpacking District inside 50 Ninth, across from Apple and Gucci.

    The store, which will be a classic concept shop, selling clothes and lots of other stuff, will be called Elsa, after Schiaparelli, Peretti, and… Rubio’s mom. (There was a report in Commercial Observer that it would be called Advanced Contemporary. Ew. No, that was wrong.) Elsa is slated to open in 2027, around the time when half of the other fashion retailers in New York will probably file for bankruptcy.
Sarah Shapiro Sarah Shapiro
  • Instagram’s golden goose: There are so many different platforms for creators these days, and Instagram has been on a mission to shore up talent, which is part of the thinking behind its new “Instagram Ring” creator awards. The first 25 winners will be announced on October 16, and will probably include a few familiar names from the fashion world. The judges include Marc Jacobs, Pat McGrath, Instagram’s Eva Chen and Adam Mosseri, Yara Shahidi, Kaws, and other heavy hitters. Winners will receive exclusive profile features, like a thin gold “Stories” ring, customizable backgrounds, custom “like” buttons, and a physical Grace Wales Bonner–designed ring.
  • The teal thing: Last September, the trend forecasting outfit Worth Global Style Network (WGSN) and Coloro predicted that “Transformative Teal” would be the defining shade of 2026, and based on recent runway appearances—Alaïa’s fringed boots and coat, Loewe’s blazer, Chloé’s slimmer pants, and Lacoste’s relaxed offerings—it seems like they were onto something. WGSN also noted a 9 percent year-over-year increase in searches for “teal” on Google Trends, and a similar query for “teal dresses” showed some real traction. (Something for retailers to keep in mind when writing purchase orders.)

Now, the main event…

Can
Bandit Running Become the Anti-Nike?

Can Bandit Running Become the Anti-Nike?

With backing from Marc Lore and A-Rod, the indie Brooklyn startup is betting on unbranded athlete sponsorships, old-fashioned retail, and traditional word of mouth to gain market share inside the $90 billion running market.

Sarah Shapiro Sarah Shapiro

This weekend, more than 50,000 runners will line up for the Chicago Marathon—and Bandit Running will be there to capitalize with a pop-up inside Tribune Tower. Next month, the Brooklyn-based brand will open its first brick-and-mortar outpost in the city, located just off a popular running trail in the Bucktown neighborhood. It’s a calculated expansion: Chicago has become Bandit’s second-largest e-commerce market, behind only New York City, where co-founder and C.E.O. Nick West told me the brand has capitalized on an “amazing subculture” of running.

While the running category’s biggest players—On Running, Hoka, Nike, etcetera—have spent years appealing to the largest possible swath of consumers, smaller brands like Bandit have tried to claim market share by leaning into the buying power of local communities. There’s plenty of business to go around: Sales for running shoes and apparel in the U.S. have steadily grown over the past few years, and the global market for running apparel is valued at more than $90 billion, according to Mordor Intelligence, and on track to reach $130 billion by 2030. But, of course, it’s also an exceptionally saturated category, which demands differentiation to entice consumer interest. While Bandit leans into more explicit athletic gear, for example, brands like District Vision and Literary Sport have offered more fashion-forward performance items.

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BMW

The refined BMW 7 Series is all luxury. With the ability to define your design, the ultimate glamour is yet to be. Learn more at

BMWUSA.com.

To further distinguish themselves, Bandit and its peers have tried to lean into customer acquisition strategies that capitalize on running’s rise as a communal activity. Bandit’s innovation is a subscription model, where a $125 annual membership gives you 20 percent off Asics sneakers, discounts on recovery gear like Therabody and Eight Sleep, and even on hotels for race weekends. The recurring revenue model is also a bid to offset the inherent challenges of D.T.C. economics, and according to the brand, it’s helped: Bandit’s in-house research found that members spend almost five times more than nonmembers over the course of a year.

Investors also seem to think it’s a smart approach. In 2023, Bandit Running raised $14.25 million from investors including VCP Ventures—the firm co-founded by A-Rod and e-commerce serial entrepreneur Marc Lore.

Cult Economics

With roughly 20 full-time corporate employees and store associates, Bandit operates on the lean side. Design, sourcing, and production is led by Ardith Singh, while Tim West, Nick’s brother, serves as creative director. When Tim founded the company in October 2020, they only sold running socks; it wasn’t until 2022, a year after Nick and Tim met Singh, that they launched their first full running apparel collection. (Previously, Singh was a D1 track and field athlete, a design director at Ann Inc., and S.V.P. of design at once-popular athleisure brand Bandier.)

The brand has since evolved from its male-focused origins: More than half of its apparel is now aimed at women, and top sellers include the women’s Stamina nova crop top, the women’s 5-inch Stamina compression short, and the men’s Super Beam 7-pocket half tight. Rather than employ the increasingly nebulous term “athleisure,” the Bandit founders describe their customer as a “real goal driven athlete.”

To target those die-hard runners, Bandit has done pop-ups at several of the biggest marathons: Berlin, New York, London, Boston, and now Chicago. They’ve also created buzz at the U.S. Outdoor Track and Field Championships in Eugene, Oregon, where for the past two years they’ve partly covered travel expenses for some 50 athletes who wore all-black Bandit apparel with no logos. The outfits signaled that they were free agents (although insiders knew who’d provided them), which has helped runners secure sponsorships. Trevor Bassitt, for instance, is now sponsored by Adidas.

BMW
BMW

Still, the risk for indie brands is that the dominant players simply observe their innovations, adapt them, and put more marketing muscle behind them—leaving Bandit et al. to bear the cost of generating new ideas while others partake in the revenue they generate. Earlier this year, for instance, Nike released a $100 Dri-Fit running t-shirt that some thought was similar to Satisfy Running’s trademarked MothTech design (so called because it is riddled with holes placed in a way that makes it look moth-eaten). Satisfy noted in a press release that the Nike tee was “disappointing to see from a major corporation known to defend its own image and I.P. so fiercely.” Nike declined to comment.

The question is whether Bandit can build its own culture fast enough—the membership platform, the unsponsored athletes, the marathon activations—to attract its own loyal and sustainable cult following. There’s always the chance that Nike, Adidas, On Running, or Hoka could simply watch, learn, and deploy massive distribution to capture the aesthetic once Bandit has proven the market.

 

What Sarah Is Reading… and Looking At…

Artistic director Alexandre de Betak is opening his first London atelier during Frieze Art Week, with a light installation in his new studio space. [Inbox]

Rachel Tashjian has joined CNN as a senior style reporter. [CNN Press Room]

Uniqlo is returning to San Francisco after closing in 2021. That will bring the store’s footprint to four locations in NYC, two in Chicago—and a total of 11 overall in the U.S. for 2026. [Chain Store Age]

Tagwalk has 194 images tagged as “feathers” from the Spring/Summer 2026 fashion shows, an increase of 98 percent compared to Spring/Summer 2025. [Tagwalk]

Gap x Sandy Liang for women and kids launches this Friday. [Gap]

 

Correction: In yesterday’s issue, I mentioned that Ina Garten was holding an Hermès Birkin. It was a Kelly. Sorry to everyone involved!

Until tomorrow,
Lauren

P.S.: We use affiliate links because we are a business. We may make a couple bucks off them.

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