Forever 21 is banking on brick-and-mortar and TikTok to fuel its comeback Two and a half years after bankruptcy, Forever 21 has overhauled its business in a slew of changes under new CEO Winnie Park.
How Canada Goose is responding to inflation, lowered spending The company's retail sales are continuing to decline, and its factory production is dropping, as well. Canada Goose had been hoping China would be a saving grace for its bottom line as the U.S. economic situation worsened, but disruptions from Covid-19 starting in December have made China a difficult market,...
Weekend Briefing: Tiffany’s new direction has drawn criticism, but LVMH is happy Tiffany & Co. has been a major success for its new parent company, LVMH. But last week, some of its moves drew criticism. Elsewhere, layoffs continued to hit major fashion retailers, and the Swedish-American brand Blk Dnm announced it's rebranding as luxury — which may be a dangerous path to...
Week in Review: Nike x Tiffany, Nike’s lawsuits, the Lyst Index This week, we talk about Tiffany’s collaborations with Nike and the departure of its executive creative director Ruba Abu-Nimah. We also discuss Nike’s ongoing lawsuits with Lululemon and Bape, and the rising and falling of some major fashion brands based on the new Lyst Index.
Layoffs at Chrono24 show the volatile nature of the luxury watch market Shining a light on the shifts in the market is Chrono24, a German marketplace that’s one of the leaders in secondhand watch sales. A year and a half after raising $108 million in seed funding and hiring an additional 100 new employees, the company has now eliminated 65 employees, mostly...
Amid layoffs, Saks Fifth Avenue sees menswear business as path to growth The Saks Fifth Avenue flagship in Manhattan hosted a swanky party featuring NBA player James Harden last week, in celebration of the company’s renewed commitment to the men’s business. The party commemorated the opening of the newly renovated men's section on the seventh floor, the addition of over 125 new...
Meet Derek Guy, Twitter’s viral ‘menswear guy’ In the last week, numerous Twitter users have described seeing Guy’s tweets incessantly promoted to their home page. Their posts usually describe him as “the menswear guy,” citing his threads on fast fashion, tailoring and the history of menswear trends.
Weekend Briefing: Layoffs across multiple industries bode poorly for fashion After a hiring surge in 2021 and into 2022, multiple major industries, including fashion, are now facing huge waves of layoffs. Elsewhere, we look at luxury resilience, Gucci’s rabbit felt products and movement in Pacsun’s leadership.
Week in Review: eBay’s luxury play, the viral Schiaparelli show, the future of denim This week, we talk about eBay investing in luxury resale company Cudoni, the viral looks from the Schiaparelli show and the expectations for the denim market, based on Levi’s earnings.