Week in Review: Nike shuts down RTFKT, London bans exotic skins, Black Friday results This week, we talk about Nike shutting down its 2021 acquisition, NFT company RTFKT, as well as the current state of the much-diminished NFT market. Later, we discuss London Fashion Week’s decision to ban exotic skins and the results from Black Friday and Cyber Monday.
Fashion brands ‘caught between a rock and a hard place’ over US-China rivalry Xinjiang cotton and the use of forced labor is just one of many contentious issues that have arisen in the ongoing economic rivalry between the U.S. and China, two of the largest consumer markets in the world. Fashion brands often have large businesses in both markets, but increasing tensions between...
Affordable luxury handbags are booming According to the digital wholesale marketplace Joor, the growth of the affordable luxury handbag sector is swiftly outpacing more expensive handbag categories. Affordable handbags in a casual tote silhouette, specifically, are outselling high-luxury bags, showing a clear shift over the last three years.
Week in Review: Abercrombie & Fitch, Boohoo and a lawsuit between influencers This week, we talk about the ongoing dominance of Abercrombie & Fitch and the continued drama between Boohoo and its minority owner Frasers Group. Later, we talk about the lawsuit between two influencers that raises some fascinating questions about the lawlessness of the creator economy.
Fashion Briefing: How Nuuly is riding the rental wave to 300,000 subscribers URBN, the parent company of Urban Outfitters and Anthropologie, among other brands, announced a record earnings quarter this week. On Tuesday evening, the company posted a new high net income of $109 million for the third quarter. But it was at Nuuly, URBN’s rental business, which offers products from all...
Will Trump’s ties to the crypto industry bring fashion back into the crypto fold? President-elect Donald Trump has promised to be “the most pro-crypto president” to date and to create a Bitcoin stockpile for the U.S. What will it mean for fashion?
Ask a VC: Norwest managing partner Jon Kossow on brands worthy of investment in 2024 Norwest, which has over $12.5 billion in assets, has invested in companies including Birdies and Faire. Managing partner Jon Kossow spoke to Glossy about what kinds of things he likes to see in a potential investment, how he thinks about investing in the modern consumer landscape and how brands can...
Luxury Briefing: Ralph Lauren goes big on holiday windows as luxury retailers pull back This week, a look at the changing strategies around luxury holiday window displays, with a focus on how Ralph Lauren used AI this year to create an interactive display. Plus, we spoke with Watches of Switzerland CEO Brian Duffy about his observations on the growing American luxury watch market.
Week in Review: Black Friday strategies, Target’s woes and a crypto-friendly White House This week, we talk about Black Friday and some of the ways brands are approaching the holiday shopping season. Later, we discuss Target’s struggles to keep up with rivals like Walmart and fashion's potential return to the cryptocurrency well now that a crypto-friendly president is coming to the White House.