Week in Review: Fashion Month takes shape, Estée Lauder eyes Tom Ford and the metaverse impacts retail This week, several designers announced fashion month plans, shedding more light on what's in store for September — which may or may not include an elongated Milan Fashion Week. Also, Estée Lauder confirmed the rumor that it’s exploring a Tom Ford acquisition. And an innovative physical retail experience proved that the...
Fashion Briefing: Inside the values-driven mass exodus of luxury fashion’s creatives Since the start of 2020, designers at leading fashion companies have been leaving their posts to increasingly flex their creativity, prioritize sustainability, establish autonomy and take advantage of opportunities to collaborate. For some, that’s meant starting a brand of their own. Meanwhile, others have moved on to younger brands with...
Fashion Briefing: The luxury brand guide to becoming a destination employer Eight months into his role as David Yurman president, Evan Yurman has been moving fast to modernize the fine jewelry company’s processes to position it for rapid growth. Among his first steps was hiring talent to hire talent.
Fashion Briefing: What a convenience store on steroids can teach brands about physical retail  At a time when brands are navigating how to amplify their story, build affinity among customers and make their physical stores worthy of the trip, Wally’s has managed to crack the code in a matter of months. At the same time, it’s gone against the grain, in terms of the...
Fashion Briefing: Retailers are cutting jobs in preparation for harder times In the last 45 days, leading e-commerce and retail tech companies including StockX, Stitch Fix and Klarna have announced layoffs. A common reason cited in their chief executives’ official statements has been preparing for further economic challenges.
Fashion Briefing: How pandemic real estate deals diversified the US fashion landscape For international indie brands, U.S. retail’s turbulent last two-plus years presented an opportunity to establish a strong local presence via stores in shopping hubs that were formerly out of reach. Pouncing on “wishlist” U.S. storefronts when they became vacant — and discounted — set several fashion brands up for success in the...
Fashion Briefing: New acquisitions spotlight retailers’ ‘tastemaker’ ambitions Luxury retailers are struggling to differentiate, as brands increasingly expand to more sales channels to meet customers where they are. At the same time, they’re realizing the limits of strategies like winning customers by outspending competitors on digital ads. Seeking stability, many have become more open to the ideas of...
Week in Review: LVMH invests in lab-grown diamonds, Christie’s embraces sneakers and crypto crashes This week, LVMH Ventures invests in lab-grown diamond company Lusix; Christie's makes its play for sneakers and streetwear sales official; and the prices of crypto coins plummet, as more fashion companies announce they're accepting crypto payments.
Fashion Briefing: The new luxury customer acquisition playbook At Glossy’s Fashion & Luxury Summit this week, brand and retailer executives taking part in town-hall, working-group and fireside-chat discussions were keen to compare notes on courting ultra-high-spend customers. How to gain this customer’s awareness, cater to their habits and win their loyalty were among the event’s hottest topics.