Glossy Research: 37% of brands will run holiday promotions for at least 8 weeks In a November survey of 27 Glossy and Modern Retail readers who work for brands, 37% of respondents said their companies will be running promotions for eight weeks or more this holiday season, while just 18.5% said they ran promotions for eight weeks or more in 2019.
Fashion Briefing: Ahead of the holidays, fashion brands are permanently lowering prices Along with launching pay-later services, running constant promotions and ramping up their loyalty perks, fashion companies are permanently cutting their retail prices to win over shoppers. Americans have become more budget-conscious and thoughtful about their purchases, faced with instability, unemployment and more time to reflect on choices. In step, fashion...
Fashion Briefing: How delayed election results have impacted brands With election results delayed, brands’ marketing has remained paused, allowing impactful news to take precedence on digital channels. And many stores have stayed boarded up out of uncertainty around how Americans will react when a president is announced. While the extended stop-in-play was to be expected, it puts added pressure...
Fashion Briefing: The relaunch of Saks.com spotlights the new standards of luxury e-commerce With its website relaunch, announced to customers in an email on Tuesday, Saks revealed its strategy for remaining a go-to luxury shopping destination amid heightened competition from digitally native retailers: It will increasingly cater to men, spotlight new arrivals, provide inspiration and cater to customers’ shopping preferences.
Fashion Briefing: With the flood of political ads raising prices, brands are leaving Instagram for Pinterest With political ads taking up space and driving up costs on Facebook and Instagram, fashion brands are flocking to Pinterest as an alternative -- and they’re planning to stay put.
Bonobos CEO Micky Onvural: ‘October 1 was the beginning of holiday’ As the CEO of digitally native menswear brand Bonobos, Micky Onvural has experienced both extreme challenges and lucky breaks in getting the brand through 2020. “We've always been predominantly e-commerce, so we didn't have the same catch-up game to play as other retailers did,” she said on the Glossy Podcast....
Distressed denim: How the pivot from ‘hard pants’ is changing the industry With sweatpants, leggings and shorts serving as the unofficial uniform of Americans staying at home, sales of “hard pants” (aka jeans) are taking a hit. Largely in response, denim-focused brands are overwhelmingly announcing plans to diversify their product assortment by expanding to more relevant styles, including tops, joggers and track...
Glossy Research: Brand and retail workers are voting for Biden, in hopes of a better economy In an early-October Glossy survey of 67 brand and retail workers, 38.7% said the economy is a top-three issue that’s most important to them in this election. And 46.8% agree that the U.S. economy will improve if Joe Biden wins the election. Only 12.9% expressed the same confidence for President...
Todd Snyder on the DTC space: ‘Most customers don’t want to buy a shirt from an investment banker’ The 30-year fashion industry veteran discussed how his brand transitioned from wholesale to DTC, where it’s filling white space and why print catalogs are still alive.