Week in Review: Farfetch may go private, workers strike at Gucci This week, we talk about rumors that Farfetch may be going private soon and what that means for the wider luxury retail world. Additionally, we talk about a strike at Gucci against the company’s decision to move its design headquarters.
Price-conscious consumers embraced e-commerce this Black Friday The higher sales in the e-commerce channel have been owed, in part, to the lingering effects of inflation making customers more price-conscious. As shoppers continue to be more cautious with their spending habits, online shopping offers a better way to survey a wider variety of prices and find a better...
What you need to know about Shein’s incoming IPO Shein, the Chinese fast fashion giant that’s both wildly popular and harshly criticized, has finally officially filed for an IPO in the U.S., according to the Wall Street Journal. It’s a big move from one of the biggest fashion companies in the world. Here’s what you need to know about...
Weekend Briefing: Neiman Marcus joins the larger luxury slowdown Last week, luxury retailers reported struggles related to slowing demand for high-end goods.
Fashion Briefing: How influencers and resellers are tapping into menswear enthusiasts’ obsessive tendencies That obsession with the minutiae of the clothes he wears — much of it vintage and made by classic American menswear designers like Ralph Lauren — is a hallmark of Albert Muzquiz’s presence on the internet. It’s also representative of a kind of gearhead approach to menswear that has emerged...
- Week in Review: Saks Fifth Avenue struggles to pay vendors, Gucci sues retail partners
On this week’s episode, we discuss the state of luxury retail by looking at Saks Fifth Avenue’s reported inability to pay its brands and Gucci's lawsuit against three retailers alleging that they sold counterfeit products.
How Nuuly achieved profitability ahead of rental competitors Many competitors in the rental and resale spaces have been working toward profitability but have so far missed the mark. Rent the Runway still isn’t profitable despite having a 10-year headstart on Nuuly. The RealReal has been in a desperate scramble in the last year to achieve profitability, going as...
Brands prepare for a discount-heavy holiday shopping season 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.
Weekend Briefing: Labor disputes impact the fashion industry 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.