Weekend Briefing: Luxury brands are rushing to acquire suppliers and manufactuers Last week, luxury’s acquisition spree of manufacturers and suppliers continued, as did the run of new luxury stores opening. Meanwhile, Gap’s earnings showed that shipping costs are falling across the fashion and retail industries.
Week in Review: Luxury’s vertical integration, slowing U.S. spending and the rise of the celebrity co-designed capsule On this week’s episode, we talk about Chanel and Brunello Cucinelli teaming up to take part ownership of a mill in Italy, and the overall implications of vertical integration in the luxury market. We also discuss the recent slowdown in luxury spending in the U.S. and the rise of the...
Luxury Briefing: How streetwear culture created a generation of new luxury collectors This week, we take a look at the world of sneakers, streetwear and ultra luxury collectibles and how the drive for increasingly niche, increasingly unique products is transforming the top end of the luxury spectrum.
As the market fluctuates, fashion brands are weighing the pros and cons of DTC vs. wholesale The decision whether to focus on direct-to-consumer sales or wholesale for fashion brands has gotten a lot more complicated. In the early days of the DTC revolution of the 2000s and 2010s, the common thought was that without having the middle man of wholesale, brands would be making better profit...
Weekend Briefing: Excess inventory continues to plague fashion brands Last week, brands and retailers continued to struggle with inventory problems and resist the urge to discount. Elsewhere, luxury spending slowed down in the U.S. as it surged in China, and fashion continued its love affair with film.
Virtual try-on is table stakes for beauty brands, image search is growing One common theme among Glossy Forum speakers was the importance of brands knowing when a piece of technology is table stakes and worthy of a heavy investment, versus when something is still in the early stages and requires a lighter and more cautious touch.
How fashion and beauty brands are keeping their top customers At the Glossy E-Commerce Forum in Manhattan on Monday, representatives from brands across fashion and beauty came together to talk about some of the biggest e-commerce trends and challenges impacting their businesses today. Of the many topics under discussion, the best way to serve the high end of a brand’s...
Weekend Briefing: Adidas finally set plans for Yeezy stock On Thursday, Adidas announced that it will sell the shoes itself, rather than offload them to some third party or destroy the product. A portion of the proceeds will go to charity.
Fashion Briefing: Brands are hiking prices to target the recession-proof luxury consumer The old canard that luxury is recession-proof has held true throughout the last year of economic downturns and reduced consumer spending. While companies like Gap have seen losses in the hundreds of millions, brands including Hermès and Chanel are making record sales.