Week in Review: Jacquemus’s CEO departure, Abecrombie & Fitch’s rebirth, Chiara Ferragni’s charity scandal This week, we discuss the abrupt departure of Jacquemus CEO Bastien Daguzan and what it means for the brand, the rebirth of Abercrombie & Fitch last year, and a scandal involving Italian influencer Chiara Ferragni.
By the numbers: A year in sneaker resale with power seller Mustafa Hamed For the individual sellers who make their living from the business of buying and selling sneakers, it can be a risky vocation even as the market sees continued growth. Mustafa Hamed, a reseller who sells millions of dollars worth of sneakers through StockX every year, said the business has grown...
As sales slow, will luxury brands keep pumping up their prices in 2024? The slowdown has finally come to luxury. Luxury sales were down 14% across the board in October and down another 15% in November of this year. Multiple major luxury retailers are struggling, too. So with spending curbed among aspirational consumers, will 2024 see luxury brands finally slowing the pace of...
Glossy’s Year in Review: AI, IPOs and the great luxury slowdown On this special Year in Review episode, we talk about some of the biggest news stories of the year, including the rise of generative AI and what it can (and cannot) do for the industry, the reason why luxury brands have struggled so much this year, the effects of the...
2024 will be a make-or-break year for TikTok Shop 2023 was a big year for social commerce. With the growth of apps like Flip and the launch of TikTok Shop in the U.S. in September, it felt like more of the world was finally catching up to the full convergence of social media and shopping that’s been the norm...
Weekend Briefing: It’s not a vibecession when layoffs and homelessness are on the rise In the last Weekend Briefing of the year, here’s a look at why the “vibecession” – the idea that the economy is doing great and people are just imagining their hardships – is misleading.
Luxury Briefing: How did 2 luxury retailers end up in the bargain bin? 2023 has been a difficult year for luxury, in light of slowdowns in spending and creative director reshuffling. But perhaps no part of the industry has suffered more than multi-brand luxury e-tailers. Two big names in the space, Farfetch and Matches were sold for pennies on the dollar this week,...
The ‘Barbie’ movie’s impact on culture and Mattel For Lisa McKnight, evp and chief brand officer at Mattel, “Barbie” was a huge opportunity. McKnight led the coordination of a Barbie-led onslaught of collaborations that helped put both Barbie and Mattel everywhere. The Barbie brand itself practically doubled in value in 2023 compared to two years ago, now sitting...
CMO Mary Carmen Gasco-Buisson on evolving Pandora Jewelry beyond a charm bracelets brand Mary Carmen Gasco-Buisson joined 40-year-old jewelry brand Pandora as CMO in August 2022. She immediately faced the challenge of devising a marketing campaign for Pandora’s biggest project of the year: a full launch into the diamond category.