As the luxury sector struggles, brands are refocusing on timelessness What’s driving this ongoing upheaval? Luxury experts told Glossy it’s because brand leaders are contending with the ongoing industry slowdown and looking for ways to shake their companies out of the funk that has affected the rest of the sector.
Return fees are unpopular with consumers — what are the alternatives? Charging for returns is a good way to dissuade people from abusing the return system and costing brands potentially millions of dollars a year, but it also has its downsides. Increasingly, brands are looking for alternative ways to reduce returns without charging return fees.
Week in Review: Luxury struggles and shakeups at Gucci, Mulberry On this week’s luxury-focused episode, we talk about Stefano Cantino being appointed the new CEO of Gucci and Kering's attempt to bring back sales growth at its biggest brand. Later, we talk about the ongoing saga around Mulberry, including the takeover bid from part-owner Frasers Group. And, finally, we discuss...
When should brand founders start taking salaries? With investment dollars drying up, new companies have much tighter budgets than startups enjoyed in the last decade, leading many founders to ponder a difficult question: At what point should you start taking a salary from the company you founded?
Mytheresa CEO Michael Kliger on YNAP acquisition: ‘Success will not come by saving costs’ It’s been an eventful year for luxury e-commerce. Farfetch was sold for pennies on the dollar to Coupang in April of this year after running into profitability issues. Matches Fashion suffered a similar fate, being purchased by Frasers Group in late 2023 only to be shuttered completely in March. And...
Glossy+ Research: Brands are showing more optimism for holiday sales, compared to last year The holiday shopping season is traditionally the most important sales time of the year for brands and retailers, but for the last two years, brands have approached the season with cautious optimism. This year, brands are feeling much better about their holiday sales going into the season.
Is peer-to-peer rental the future of the fashion side hustle? Influencers like Remi Bader and Serena Kerrigan have become organic users and evangelists for the app. Plus, monthly active users have tripled in the last year, there are thousands of rentals each week, and over 100,000 items are available at any one time. Most notably, and indicative of Pickle’s hyperlocal...
Week in Review: The future of Celine without Hedi Slimane This week, we discuss Paris Fashion Week's homogeneity and safeness, Hedi Slimane’s 6-year tenure at Celine and his replacement, and LVMH’s $110 million-per-year deal with Formula 1.
Fashion Briefing: The East Coast port strike could back up imports all the way through the holiday season For every 24 hours of shutdown at the ports, it will take seven days to clear through the backlog. That means that even if the strike lasts just one week, the ports will be backed up until after the election.