Luxury Briefing: A new shopper is transforming the luxury watch market The last three years have seen a massive upswing in luxury watch sales. And new consumer segments, including young people, women and consumers outside of the U.S. and Europe are leading the charge.
Resale companies seeking profitability are eliminating low-margin products ThredUp plans to reach profitability by the fourth quarter of this year, while The RealReal reaffirmed its prediction that it will achieve profitability by its fiscal 2024. The companies have different plans for reaching this goal.
Weekend Briefing: What the wild costumes of the Met Gala say about fashion’s direction Last week, was Met Gala Week, and with it came a whole lot of looks and a whole lot of discussion about how the annual costume party/publicity event fits into the overall fashion ecosystem. Read on for more from the last week in fashion.
Adidas still hasn’t figured out what to do with all those Yeezys. Here are 3 options it could take Adidas is still contending with what to do with all those unsold Yeezy sneakers it has sitting in warehouses. On Friday, CEO Bjorn Gulden said on the earnings call that Adidas had around $556 million worth of Yeezys on hand, over $100 million of which were manufactured after the breakdown...
Week in Review: Talking dupes, Crocs and Met Gala fashion with StockX CMO Deena Bahri Bahri brings her industry expertise to a discussion about Crocs' use of smart collaborations to grow beyond being the quintessential ugly footwear brand. She and host Danny Parisi also dive deep on Met Gala fashion and the factors that are driving the rise of dupe culture.
Beat-up bags are luxury’s new gateway drug Resale companies put a lot of work into making sure the items they sell are authentic and in good condition. But a new trend is emerging in the resale market that's making the second part less of a necessity: selling items that are dented, worn and beaten up. In other...
Francesca’s acquires Richer Poorer to expand digital and wholesale reach Francesca’s, a nationwide chain of fashion and accessories boutiques based in Texas, acquired the 10-year-old digitally native brand Richer Poorer on Tuesday. Effective immediately, Richer Poorer is now a wholly owned subsidiary of Francesca’s.
Weekend Briefing: The rise of the luxury flagship All across Manhattan, palatial luxury flagship stores are popping up with square footage in the tens of thousands. At the same time, layoffs are coursing through the fashion and media industries, and executive salaries are being shaken up.
American fashion is getting in on Formula 1’s popularity The European auto racing league Formula 1 is exploding in popularity in the U.S. Last May, a race in Miami broke the record for the most American viewers of a Formula 1 race, at 2.5 million. And on a recent episode of the Netflix show "Drive to Survive," Formula 1...