Weekend Briefing: Excess inventory continues to plague fashion brands Last week, brands and retailers continued to struggle with inventory problems and resist the urge to discount. Elsewhere, luxury spending slowed down in the U.S. as it surged in China, and fashion continued its love affair with film.
Virtual try-on is table stakes for beauty brands, image search is growing One common theme among Glossy Forum speakers was the importance of brands knowing when a piece of technology is table stakes and worthy of a heavy investment, versus when something is still in the early stages and requires a lighter and more cautious touch.
How fashion and beauty brands are keeping their top customers At the Glossy E-Commerce Forum in Manhattan on Monday, representatives from brands across fashion and beauty came together to talk about some of the biggest e-commerce trends and challenges impacting their businesses today. Of the many topics under discussion, the best way to serve the high end of a brand’s...
Weekend Briefing: Adidas finally set plans for Yeezy stock On Thursday, Adidas announced that it will sell the shoes itself, rather than offload them to some third party or destroy the product. A portion of the proceeds will go to charity.
Fashion Briefing: Brands are hiking prices to target the recession-proof luxury consumer The old canard that luxury is recession-proof has held true throughout the last year of economic downturns and reduced consumer spending. While companies like Gap have seen losses in the hundreds of millions, brands including Hermès and Chanel are making record sales.
Week in Review: Chanel’s Barbiecore moment, Warby Parker and Allbirds earnings, the return of the Victoria’s Secret show On this week’s episode, we discuss Chanel’s resort show and the Barbiecore trend; Victoria’s Secret's newly announced and revamped fashion show; and Allbirds' and Warby Parker's earnings, which illustrate the trajectories of major DTC brands.
Luxury Briefing: A new shopper is transforming the luxury watch market The last three years have seen a massive upswing in luxury watch sales. And new consumer segments, including young people, women and consumers outside of the U.S. and Europe are leading the charge.
Resale companies seeking profitability are eliminating low-margin products ThredUp plans to reach profitability by the fourth quarter of this year, while The RealReal reaffirmed its prediction that it will achieve profitability by its fiscal 2024. The companies have different plans for reaching this goal.
Weekend Briefing: What the wild costumes of the Met Gala say about fashion’s direction Last week, was Met Gala Week, and with it came a whole lot of looks and a whole lot of discussion about how the annual costume party/publicity event fits into the overall fashion ecosystem. Read on for more from the last week in fashion.