Fashion Briefing: How Jenni Kayne’s new store concepts are driving its growth The 20-year-old brand, which Kayne founded as an apparel brand in California after dropping out of college, has grown into a lifestyle empire with womenswear, beauty and home goods and 29 U.S. stores. All of it lives under Pacific Group, the Kayne family-owned business formed in 2022 to encompass Jenni...
Confessions from the fundraising trenches: ‘When you’re a first-time founder, you take what you can get’ In this first installment, a second-time startup founder who just raised a funding round for a fashion-tech related startup dishes on some of the insulting and traumatic experiences she had from her first go-round on the fundraising circuit as well as the pressure on first-time founders to accept money even...
Glossy Storytellers 2024: Derek Guy – Die, Workwear! The writer and creator of the menswear blog Die, Workwear! has become something of an authoritative voice on the matters of collar gaps, pant silhouettes and the unforgivable crime of putting rubber sneaker soles on a dress shoe. His threads on X, where he critiques the outfits of public figures...
Weekend Briefing: Results from Prime Day 2024 show a greater desire for discounts In the U.S., Prime Day sales were up 8% year-over-year on the second day of the event. But what's more notable was the 14% increase in discount rates, averaging 24% off. At the same time, there was a 14% increase in products' average selling price. Apparel was among the highest...
Week in Review: EssilorLuxottica buys Supreme, Coperni to show at Disneyland, Balenciaga tackles Apple Vision Pro This week, we talk about the surprise sale of streetwear brand Supreme to luxury eyewear group EssilorLuxottica, which has no other apparel or fashion brands in its portfolio. Later, we talk about why Coperni is hosting its Paris Fashion Week show at Disneyland and how luxury brands including Balenciaga are...
Baggy jeans went from 8% of Pacsun’s denim sales to 80% in 1 year According to Pacsun’s vp of women’s merchandising and design, Addie Rintel, Pacsun has been watching the meteoric rise of baggy denim with great intent. On Thursday, it announced an entire back-to-school campaign, called “Better in Baggy,” focused on oversized everything, including denim.
After the Trump rally shooting, analysts predict benefits to American companies, risks for Europeans After Trump was shot at a rally in Pennsylvania, pollsters and media outlets predicted that the failed assassination would be a benefit to the Republicans during the upcoming election. Investors, predicting that another Trump presidency would be friendlier to business and likely come with deeper cost cuts, reacted accordingly. On...
How Pair of Thieves built a $100 million wholesale business Ten years in, Pair of Thieves does over $100 million in revenue and has a presence in over 4,000 Walmart stores and all of Target’s nearly 2,000 stores. Its wholesale revenue makes up about 80% of the business, and it has never taken any outside investment. Young brands often find...
Weekend Briefing: The Devil Wears Prada sequel returns in a very different fashion media landscape Last week, news broke that Disney is reviving “The Devil Wears Prada” — but the fashion media landscape has changed a lot in the 12 years since the original film was released.