The encyclopedia · Strategy & Leadership · Strategic decision · 2014–2015
Lucky invented the shopping magazine — the e-commerce pivot killed it anyway
Condé Nast's 2000 shopping title went to BeachMint in a 2014 e-commerce joint venture — shutting by June 2015, the site went dark in November.
Lucky · BeachMint · Condé Nast · 2015-06-16
What happened
Lucky launched at Condé Nast in 2000 as the magazine that broke the wall between editorial and advertising — every item priced, every page shoppable. It became a giant: over a million subscribers, Advertising Age's Magazine of the Year in 2003, even a short-lived men's spinoff, Cargo. By 2013 it needed rescuing: Eva Chen was hired as editor-in-chief to revive it, with Anna Wintour helping on a redesign.
The rescue became an exit. On August 11, 2014, Condé Nast folded Lucky into a joint venture with LA e-tailer BeachMint — The Lucky Group — pivoting the magazine into a shopping site. Chen left within months for Instagram. Advertising sales fell away, an expected sale of the publication failed to materialise, and BeachMint had financial struggles of its own.
In June 2015 Lucky was shutting down. The last nine employees were let go — staff with 12 to 15 years of service were laid off without severance, a former staffer said — and by early November the site went dark. The title that had invented editorial commerce was killed by the thing it invented: online shopping removed the friction Lucky existed to solve.
Why it happened
- Lucky solved a friction — 'what is this and where do I buy it' — that blogs, then Instagram, then every retailer's own site solved faster and free.
- The e-commerce pivot arrived late: BeachMint was itself struggling, and the joint venture had neither the magazine's old ad business nor a working retail business.
- Condé Nast jettisoned the brand rather than funding its pivot; the 2013 editorial revival was given less than two years before the exit.
The lesson
A magazine built on solving one friction dies when the friction disappears — Lucky's readers didn't stop shopping, they just stopped needing the magazine to do it.
Aftermath
BeachMint continued briefly without its magazine; Eva Chen went on to build fashion partnerships at Instagram, where Lucky's format lived on as shoppable posts. Condé Nast never revived the title.
Sources
- Lucky Magazine Officially Shuts Doors — The Hollywood Reporter (Nov 5, 2015)
- Lucky magazine is shutting down, ending one of the biggest stories in media — Business Insider (Jun 16, 2015)
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