Shiona Turini, Stylist | Glossy 50 2023 As a stylist, Shiona Turini has worked with some of the most influential women in pop culture. But her greatest achievement has been styling Beyoncé. Turini has worked with Beyoncé since the singer’s “Formation" video in 2016. In 2023, her crowning achievement was styling Beyoncé throughout her Renaissance Tour, including...
While DTC sales struggle across the industry, On Running’s direct revenue keeps growing The company’s earnings for the third quarter, reported Tuesday morning, showed a sales increase of 46% year-over-year, marking the seventh consecutive quarter of record sales for the brand. Total net sales were $540 million for the quarter. Sales grew the most in Asia-Pacific, at around 71%. However, the Americas remained...
Weekend Briefing: Luxury brands struggle with slowing demand Last week, a number of luxury fashion companies, including Farfetch, Richemont and Tapestry, showed ongoing signs of slowing demand. Elsewhere, Fashionphile took its first step into resale wholesale, a new category for the company.
Fashion Briefing: The emerging trends in post-Covid retail spaces Skyrocketing online customer acquisition costs are driving brands to seek alternative forms of customer acquisition and relationship building, and physical stores are proving popular alternatives. The pandemic gave brand executives time to rethink how they would approach these stores. Many are now embracing new strategies, like prioritizing store design elements...
Week in Review: The state of jewelry, CFDA Awards winners, The RealReal’s road to profitabiltiy This week, we discuss the diverging fortunes of Pandora and De Beers and how they exemplify what’s happening in jewelry; the CFDA Awards, including the big winners; and The RealReal’s continued efforts to reach profitability.
In the face of consolidation, more watch retailers are turning to resale as a lifeline Watch resale has continued to grow as a formidable chunk of the entire watch market, which is also booming. New Swiss watches are a $53 billion market, while the pre-owned watch market is worth nearly half that, at $24 billion. It will likely grow to $35 billion by 2026, according...
In-app gifting is catching on ahead of the holidays Just ahead of the holiday season, the fashion resale platform Basic.Space is introducing a new feature focused on gifting between users. In-app gifting in particular has emerged as a common strategy, particularly on apps like WeChat, which introduced the concept in 2021 in the form of digital red envelopes users...
Luxury Briefing: The Rolex she bought was fake — is she owed the appreciated value? Consignment platforms like The RealReal, Rebag and Fashionphile have encouraged customers to think of their watches and handbags as financial investments, ones that can store value and appreciate the same way that investments like fine art do. These platforms already take authentication seriously, but when customers are buying things with...
- Week in Review: Canada Goose slows, Watchbox rebrands, Alo Yoga seeks investment
This week, we discuss some of the challenges facing Canadian outerwear brand Canada Goose, the reason Watchbox underwent a rebrand and the reports that Alo Yoga is seeking a $10 billion valuation.