Weekend Briefing: The convergence of social media and commerce Last week, we saw more evidence that social media platforms are becoming marketplaces, while marketplaces are seeking to become more like social media. Elsewhere, Cucinelli and Ferragamo showed the diverging paths of the luxury industry, while improvements in the Swiss watch export business were a good sign for the category's...
Week in Review: Adidas recovers from Yeezy fallout, TikTok adds authentication, the lab-grown diamond industry takes a hit On this week’s episode, we discuss how Adidas has fared since its decision to cut ties with Kanye West, why TikTok launched a new authentication service for vintage handbags and to what extent the collapse of one of the largest lab-grown diamond manufacturers will impact the industry.
How Florence by Mills increased its TikTok views by nearly 800% Florence by Mills, the direct-to-consumer beauty brand founded by actress Millie Bobby Brown in 2019, is one of the brands that has made analyzing TikTok trends and creating TikTok content a major part of its marketing strategy.
Luxury resale platforms are relying on consignment to bring in more supply Both eBay and Rebag have launched consignment models on their respective platforms in the last month. Consignment differs from the original selling models of both platforms. EBay is primarily a peer-to-peer marketplace, where sellers sell directly to buyers and use eBay to host the listing. Rebag, on the other hand,...
Century 21’s Larry Mentzer and Judy Duzich on driving the store’s comeback COO Larry Mentzer and Judy Duzich, vice president and general merchandising director of Century 21, joined the Glossy Podcast to talk about the store’s grand reopening in May and their plans to build upon the first location.
Uniqlo’s new US CEO Yoshihide Shindo plans aggressive American retail expansion It’s been a big year for Japanese fashion brand Uniqlo. Earlier this month, its parent company, Fast Retailing, posted a quarterly profit boost of 18%. At the same time, the company has been planning to expand its global retail network with 80 new stores.
Weekend Briefing: China’s fashion market continues to slow Last week, fluctuations across the fashion market meant that China is less of a reliable revenue driver for brands than it used to be. Elsewhere, Rhone is trying to reinvent itself by launching into womenswear while Victoria's Secret is trying to do the same by bringing back its famous show.
Fashion Briefing: The fashion IPO market is heating up, but challenges to going public remain After the quiet period during the pandemic years when few brands were going public, fashion seems to be developing IPO fever. Birkenstock IPO'd this week, and brands like Vuori, Skims, Shein and Golden Goose are all rumored to be going public sometime soon. Lanvin made the jump in December 2022,...
Week in Review: What’s causing the slowdown in luxury demand? This week, we discuss what's behind the slowdown in luxury demand across the industry, whether China can pick up the slack for luxury brands and why companies often suffer on their first day after an IPO.