Richemont’s Delvaux acquisition signals growing competition in luxury accessories The acquisition signals the growing competition between the big luxury groups like Richemont and LVMH over the lucrative luxury accessories market, which is expected to be a $64 billion segment by 2025.
Swimwear is becoming fashion’s most crowded category Swimwear was a $16 billion market in 2020, and analysts expect it to grow to $21 billion by 2025. Thanks to the host of new brands entering the category, those ready to take part in the "revenge travel" trend will have more swimwear options than ever before.
How Aeropostale went from bankrupt mall store to trending TikTok brand in 5 years According to chief merchandising officer Natalie Levy, instead of highly produced content and engineered campaigns on Instagram, unplanned moments on TikTok have driven much of Aeropostale’s success with Gen Z in the last year.
‘Time for a recalibration’: Online sneaker drops are the way of the future Like everything, in-person sneaker drops were highly disrupted by the pandemic. The online component of drops went from a supplementary way to get sneakers to the only way to get sneakers in 2020. In the last year, the push toward online raffles and alternative forms of sneaker acquisition has decreased...
Christie’s Neda Whitney: International shoppers kept luxury afloat during the pandemic Speaking at Glossy's Fashion & Luxury Summit Worldwide on June 15, Christie’s svp of marketing, Neda Whitney, said that international growth in luxury played a big role in keeping the sector afloat during the pandemic. In 2020, Christie’s saw bidders from 90 new countries, who made up 40% of total...
Sneaker resale platforms GOAT and StockX are competing on apparel and big valuations Six-year-old resale platform GOAT launched apparel in 2019, but in the last six months, apparel sales -- particularly to women -- have taken off, according to CEO Eddy Lu. Apparel sales were up 500% year-over-year in the last 12 months, with women making up 40% of GOAT's apparel customers. The...
Hotel pop-ups capitalize on the return of domestic travel, while international travel remains stagnant The rise pop-ups in hotels -- as opposed to in typical pop-up- and tourist-heavy neighborhoods like SoHo in New York City -- coincides with the observed phenomenon of “revenge travel,” on a domestic level. June data from AirDNA shows that, while international travel from the U.S. is still stagnant or low,...
How Amazon Luxury Stores tackled Prime Day Luxury brands have feared that selling on Amazon would devalue their brand and associate them too strongly with the mundane, cheap products that Amazon is known for. Amazon’s response was Luxury Stores, a separate storefront meant to insulate those brands from the rest of Amazon and provide their shoppers with...
Funding for NuOrder, Faire and Joor suggest wholesale isn’t dead The investor confidence in these companies is an indication that wholesale isn’t going away, only changing forms. These digital platforms offer a more streamlined wholesale solution compared to trade shows and indicate that wholesale will likely continue to be an important part of the fashion landscape.