In the last week, numerous Twitter users have described seeing Guy’s tweets incessantly promoted to their home page. Their posts usually describe him as “the menswear guy,” citing his threads on fast fashion, tailoring and the history of menswear trends.
After a hiring surge in 2021 and into 2022, multiple major industries, including fashion, are now facing huge waves of layoffs. Elsewhere, we look at luxury resilience, Gucci’s rabbit felt products and movement in Pacsun’s leadership.
This week, we talk about eBay investing in luxury resale company Cudoni, the viral looks from the Schiaparelli show and the expectations for the denim market, based on Levi’s earnings.
The company announced that, on January 23, it had taken a minority stake in the Canadian technical running brand Norda Run. The option was taken with the plan to gradually grow Zegna’s investment in the brand over the next nine years.
In Gap’s third-quarter 2022 earnings call, interim CEO Bobby Martin said that, while the market for women’s activewear had softened, Athleta had maintained modest positive growth of 6%. Martin attributed that growth to Athleta’s lifestyle and non-active products.
Last week, Shein cut its absurdly inflated valuation down to a lower (but still absurd) one in anticipation of a rougher economic climate. Elsewhere, the Met Gala theme for 2023 was announced along with its co-chairs and new executives took over at several big luxury fashion brands and retailers.
For each brand, an owned resale channel represents something different. For some brands, resale is a money-making channel that’s profitable and prominently marketed. But for others, resale could be a customer acquisition tool, a way to increase the lifetime value of existing customers or of meeting sustainability goals.
This week, they take a look at the hoax around Adidas’s fake co-CEO, the future strength of the luxury industry in China and the reason so many brands are getting into resale.
Nike is one of the most eclectic and prolific collaborators in the sneaker business, regularly releasing new shoes made with everyone from athletes like Lebron James to luxury designers like Jacquemus. But this week, the brand is releasing its first ever collaboration with a women’s retailer with the Premium Goods...