‘It’s a new era’: Fashion brands are bringing in new leadership to deal with a changing world Some have been peaceful, long-planned transitions, like Eileen Fisher retiring after running her namesake brand since the 1980s. Others have been more sudden, like the abrupt departure of Gap’s Sonia Syngal and The RealReal’s Julie Wainwright. Either way, the massive changes in the industry, brought on by the pandemic, the...
Gap, Adidas unlikely to open Yeezy stores despite Kanye West’s demands He threatened to quit both brands, saying that both Adidas and Gap promised to open standalone Yeezy stores, “which neither company has done even though I saved both of those companies at the same time,” West said.
Weekend Briefing: Have the underwear, swimwear and activewear categories become one? Increasingly, the lines between activewear, loungewear, sleepwear and other comfort categories is blurring. Last week, Athleta and Savage x Fenty demonstrated that by crossing into each other's home categories.
Week in Review: Celebrity brands, Savage x Fenty loungewear and the end of Allure’s print edition On this week's episode: Ciara is the latest celebrity to launch a brand, contributing to the saturation of celebrity beauty and fashion brands that have sprung up in the last year and raising questions about the sustainability of this market. Additionally, Savage x Fenty is getting into loungewear. And Allure...
The top M&A targets in activewear right now While many investors and larger companies are currently skittish about making big purchases, a profitable and safe category is always going to attract the interest of potential buyers. These activewear brands have M&A potential in the coming year.
‘Our business is different’: Why fashion rental has withstood the pressures of inflation Rental fashion has been surprisingly resilient through this period. During the early days of the pandemic, rental was devastated due to the cancelations of most occasions befitting rented clothing. Now, rental companies are seeing higher subscriber growth and steady business at a time when many brands are struggling.
In the face of inflation, URBN embraces a diversified audience strategy As inflation has driven costs up, URBN’s portfolio has split. Its higher-price brands like Anthropologie and Free People have flourished, while lower-priced Urban Outfitters has struggled. In its most recent earnings, URBN revealed that Anthropologie grew its revenue by 7% and Free People by 4%, while Urban Outfitters’ revenue dropped...
- Weekend Briefing: The continued resilience of fashion rental
Last week, rental brands proved resilient in spite of inflation and rising costs. Richemont finally unloaded the costly burden that was Yoox Net-a-Porter, paving the way for Farfetch’s continued ascendance. Also: Victoria’s Secret tried to turn bad press into good press, and Coty had a strong second half of the...
- Week in Review: Farfetch’s YNAP acquisition, Nike’s NFT dominance, Urban Outfitters’ profit losses
On this week's episode, Farfetch bought out a controlling stake in Yoox Net-a-Porter from Richemont, Nike topped the list of brands with the most NFT sales at nearly $200 million, and Urban Outfitters made more money than ever but lost profits due to increased costs.