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.
Why underwear is becoming fashion’s most exciting category With the intimates category in flux, new and existing players are reinvesting in underwear as the category soars to be a $250 billion global business. The latest brand to do so is Adidas, which announced on Friday a global partnership with Israeli textile manufacturer Delta Galil to begin selling men’s...
‘The customer values rarity’: Streetwear’s exclusivity moves far beyond sneakers The association of non-apparel items with the larger streetwear world can arguably be traced back to Supreme, whose Supreme-branded lighters, skateboards, tractors, domino sets, pliers and bricks have sold out just as quickly as its sneakers and hoodies. Neda Whitney, svp of marketing at Christie's, said during the Glossy Summit...
How fashion marketplace Jane used social commerce to reach $250 million in annual sales Social commerce has been steadily growing over the last year. A survey from the Harris Poll found that 43% of Gen Z and 49% of millennials have already made purchases directly from a social media platform. More than a third of Americans are planning to use social platforms to buy...
What does hybrid-office style look like? After more than a year of being cooped up inside, there’s finally a reason to dress up again, whether that’s going back to the office or just back to social events. But people -- their bodies and priorities -- have changed, so what does style look like in a post-pandemic...