When the holiday shopping season rolled around last year, brands and retailers were already struggling with rising inflation cutting into discretionary spending. This year, inflation is still likely to affect how customers spend, but brands are more prepared to deal with it.
Last week, labor disputes shook the fashion industry. Meanwhile, Matthew Williams’ 1017 Alyx 9SM got a big jolt of new funding and Burberry saw its sales slow way down.
Thanks to the pressures of inflation and an uncertain economy, coupled with the rising demand for luxury brands to become everything brands, the luxury space has been expanding.
The New York Times’ 1-year-old "Style Outside" column, which is found in the Style section and focuses on street-style photography, received an upgrade on Friday. The newspaper has partnered with Google for a revamped version of the column.
This week, we discuss what’s causing luxury watch prices to plummet, what strategies brands are tackling for Black Friday and to what extent the ongoing garment worker strikes in Bangladesh are impacting the fashion industry.
Mary Carmen Gasco-Buisson joined 40-year-old jewelry brand Pandora as CMO in August 2022. She immediately faced the challenge of devising a marketing campaign for Pandora’s biggest project of the year: a full launch into the diamond category.
Tirath Kamdar, gm of global luxury at eBay, has been at the forefront of the company’s luxury push. Under his leadership, the platform’s luxury sales have grown by double digits in the last two years. The Authenticity Guarantee launched in 2020 was a first step, but the most impactful change...
Emily Oberg’s women’s sportswear brand, Sporty & Rich, expanded in more ways than one this year. In addition to launching beauty in September, the brand also opened its first flagship store in NYC’s SoHo neighborhood in July.
In significant moves this year, Timex announced several sustainability goals, like achieving 50% sustainably sourced watches by 2026 and net zero carbon emissions by 2050. Sustainability at that level is rare in the watch world. Only a few major watch brands, like The Mondaine Group, have reached carbon neutrality so...