For people who strive and save to be able to afford a nice bag, even a modest price increase can make a one-time splurge an impossibility.
Telfar bags typically retail for $200-$500, far less than the other most highly-desired handbags from Chanel, Prada and Hermes. Price is often a major element of whether something is considered “luxury” or not, so how did Telfar get itself positioned among much more expensive brands?
This week, Zofia Zwieglinska reports back from her time at London Fashion Week, including how the death of Queen Elizabeth II impacted shows and what differences she saw between the approaches of designers showing at LFW, compared to NYFW.
Now, another piece of RTR’s profit-seeking plan has come into focus. Rent the Runway permanently shuttered all five of its physical stores in 2020. Now, the company is returning to physical retail by leveraging the Leap platform to host a temporary sample sale.
Brands are responding to these inventory challenges in a number of ways. The first, most obvious path is heavy discounting. URBN CEO Richard Hayne predicted that many brands across the industry, including his own, will have to rely on steep discounting to sell through their inventory.
When Ryan Vero took over as CEO of the jewelry brand Claire’s in 2019, he saw an opportunity. Claire’s operates thousands of its own stores, but significantly leveraging the Claire’s brand to sell its product in other stores had yet to be done.
Last week, the biggest news in fashion was Patagonia’s unprecedented new structure. The company is now fully committed to fighting climate change with every cent it makes. Elsewhere, Kanye West formally initiated legal proceedings to terminate his contract with Gap, and Barneys New York’s name was licensed to a new...
This week, on a special New York Fashion Week episode, the hosts discuss the vibe at NYFW this season, compared to the lackluster previous seasons. They also talk about see-now-buy-now, the return of big names like Fendi and Tommy Hilfiger, and the future of the fashion calendar.