Weekend Briefing: Old Navy’s sudden executive departure isn’t a good sign It came as a shock this week, on April 21, when Old Navy abruptly announced the departure of its CEO Nancy Green, who had held the title since 2019. The announcement was terse and offered little in the way of explanation.
How new brands are reconciling the contradiction of ‘body-positive shapewear’ There’s also been a shift in how shapewear brands are presenting themselves. Traditionally, shapewear has been about altering the body to appear thinner, smoother and sucked in. Spanx, for example, still offers a collection of "Skinny Britches.” But many of the new shapewear brands are associating themselves with the body-positive...
Gen-Z Playbook: How Canada Goose is using TikTok, influencers and sustainability to acquire young shoppers Canada Goose, the Canadian brand known for its thick winter coats, has had significant success with Gen Z, thanks to changing controversial materials it uses and revamping its social strategy over the course of 2021. A quarter of the brand's online sales now come from Gen Z. What's more, out...
What does Shein’s $100 billion valuation mean for the future of fast fashion? Industry analysts have said the growing demand for sustainable brands means fast fashion’s business model soon won't be viable. Fast fashion companies that have seen sales declines -- like H&M and Boohoo, the latter of which hit a five-year low in 2021 -- have suggested there may be some truth...
How do non-luxury brands become luxury-by-association? For many years, “luxury” has been synonymous with “expensive.” But increasingly, on the real and virtual shelves of luxury retailers and in the coverage of luxury-focused publications, the meaning is expanding to include brands at diverse price points and categories.
Week in Review: Farfetch x Neiman Marcus, Shein’s $100 billion growth, Gucci’s new China exec, metaverse gaming On this week's episode, the hosts discuss Farfetch's big partnership with Neiman Marcus, reports that Shein is now a $100 billion company, and both Gucci and Valentino appointing new executives to lead their businesses in China.
Rent the Runway is raising its prices Initially, after phasing out Unlimited in 2021, Rent the Runway offered an eight-item rental plan that was priced at $135 per month. Barely a year later, the eight-item plan is now increasing by nearly $10 to $144 per month, effective May 6. That puts it closer to the price of...
Larroudé x Supreme prank spotlights demand for women’s streetwear Stylists and fashion industry insiders like Liana Satenstein and Brooks Nader first praised the collaboration, later lamenting that the featured style wouldn't be released, once the joke was finally revealed. According to Marina Larroudé, the response shows there’s strong demand for more crossover between streetwear and women’s fashion.
‘Why does the future look like the past?’ Fashion has embraced the metaverse, but the ideas behind it are hardly new Companies like Meta, formerly Facebook, along with legions of crypto speculators have championed the metaverse as a concept that will unlock vast new potential for brands. But the core concepts of the metaverse are not new. Video games have figured out all the main ideas years ago and, in many...