‘No place will be more expensive’: Buoyed by big retail launches, Fifth Avenue looks to make a comeback In the past year, the New York retail scene has been through a lot. There have been major retail closures from big brands from the casual, like Gap, to the high-end like Tommy Hilfiger and Massimo Dutti. But Jerome Barth, newly appointed president of the Fifth Avenue Association, pushed back...
‘Larger scale equals larger impact’: Inside The North Face’s pivot to sustainability Despite being a large brand with a strong connection to the outdoors, The North Face has not made sustainability a major focus of its communications and marketing strategies in the past, said head of global creative Tim Hamilton. But now, with competition heating up between North Face and main competitor...
Under new CEO Scott Cutler, StockX explores new categories At the beginning of October, StockX, the billion dollar resale platform known primarily for its sneakers and streetwear categories, debuted an entirely new set of products: collectibles. It’s the fifth major product category after sneakers, streetwear, handbags and watches and signifies StockX’s shift towards being a universal “stock market of...
‘Fashion is the logical next step’: How retail service companies are aiming to differentiate The market for retail-as-a-service is expanding. B8ta is one of a number of companies that have made it their model to provide streamlined ways into physical retail for brands without the capacity to pour resources into expensive rental leases, staffing and all the other processes that come with setting up...
How Stadium Goods is preparing for physical retail expansion Stadium Goods, despite a recent high-profile acquisition by Farfetch and being one of the leaders in the streetwear and sneaker resale space, has only had one store in the nearly four years it’s been around. But a new retail collaboration with California retailer Fred Segal is, according to Stadium Goods...
Everything you need to know about the effects of the Hong Kong protests on luxury fashion Under the “One country, two systems” principle instituted in China in the 1980s, Hong Kong, and other parts of China, are able to maintain a distinct legal system from the rest of mainland China. But when that careful arrangement was threatened earlier this summer, massive protests broke out in Hong...
Russell Athletic goes head-to-head with Champion as the sportswear market heats up Two years ago, Russell Athletic internally shifted its focus from purely existing as a sports teamwear brand and began leaning toward a fashion and lifestyle positioning. This week, the heritage athletic wear brand is ready to make its big pitch to customers.
More players are fighting for a smaller market in the denim category In Levi’s third-quarter earnings reported on Tuesday, its second report since going public earlier this year, the company reported that while revenue in Europe and Asia has been strong, growing 14% and 9% respectively, sales in its native North America fell by 3% year-over-year. As the number of denim brands...
‘We would love to compete with Nike and Adidas’: How Champion worked with a licensee to grow its year-old sneaker division This year, Champion Sportswear celebrated 100 years in business, with most of the century spent refining and perfecting its sports apparel. It was only last year that the brand finally expanded into sneakers and footwear. In the first year, Champion’s footwear division is still nascent, but the people behind it...