The pandemic is tightening fashion conglomerates’ grip on the industry In the last five years, independent luxury brands like Versace, Michael Kors, Jimmy Choo, Rimowa, Dior, Fenty, Buccelatti and Ulysse Nardin were all acquired by luxury conglomerates. The vast cash reserves that luxury groups have amassed has made them highly resilient to the pandemic crisis.
The rise and fall of Reformation For a brand that built its image around being sustainable, responsible and ethical, the allegations against Reformation were devastating, drawing criticism from fashion watchdog Diet Prada as well regular social media users across Instagram. It’s a reminder of the disparity that often exists between brands’ messaging and the material reality...
Citing high e-commerce sales and low foot traffic, many DTC brands won’t reopen in NYC today On Monday, June 8, New York’s retail stores were allowed to reopen. For one of the biggest retail markets in the country, it could be an important milestone in getting fashion brands back on track. But many fashion brands have opted to wait, instead take a longer view of the...
‘If people want to shop elsewhere, so be it’: Fashion brands let loose on Instagram For many brands, cultivating an audience based on shared values, and making statements that affirm those values, is far more useful than having a larger following.
With sneaker sales flat, StockX shifts focus to face masks and puzzles Over the last year, resale platform StockX has made a concerted effort to shift from focusing solely on sneakers and streetwear to being a much more open marketplace, where people can sell trading cards and collectible lunch boxes just as easily as they sell a new pair of Jordans. With...
Though indebted to black culture, streetwear brands have mixed responses to protests Brands across fashion categories are expressing support for the wave of protests sparked by the killing of George Floyd in late May. And while every area of the fashion industry has been enriched by black designers, models and workers, the streetwear and sneaker world is arguably the most indebted to...
‘I can’t support a store at 30% capacity’: For many brands, the benefit of reopening doesn’t justify the cost Not every brand is keen on opening doors the day they’re able to. There’s a complex calculus that goes into a store’s cost and return, and with the restrictions that reopened stores will have to impose, opening won't prove worth it for many.
Inside Jenni Kayne’s renegotiations with landlords, investors and wholesale partners In the latest Glossy+ Talk, CEO Julia Hunter spoke with Glossy about how she’s been navigating challenges around retail, e-commerce and customer acquisition, and what strategies have proven most successful for Jenni Kayne.
Why demand for U.S. fashion manufacturing is on the rise With more brands questioning past reliance on a single country like China for manufacturing, and a growing belief that shorter lead times and less inventory are the key to avoiding big losses during a crisis, a resurgence of American manufacturing is in demand.