Week in Review: Saks Fifth Avenue struggles to pay vendors, Gucci sues retail partners On this week’s episode, we discuss the state of luxury retail by looking at Saks Fifth Avenue’s reported inability to pay its brands and Gucci's lawsuit against three retailers alleging that they sold counterfeit products.
How Nuuly achieved profitability ahead of rental competitors Many competitors in the rental and resale spaces have been working toward profitability but have so far missed the mark. Rent the Runway still isn’t profitable despite having a 10-year headstart on Nuuly. The RealReal has been in a desperate scramble in the last year to achieve profitability, going as...
Brands prepare for a discount-heavy holiday shopping season When the holiday shopping season rolled around last year, brands and retailers were already struggling with rising inflation cutting into discretionary spending. This year, inflation is still likely to affect how customers spend, but brands are more prepared to deal with it.
Weekend Briefing: Labor disputes impact the fashion industry Last week, labor disputes shook the fashion industry. Meanwhile, Matthew Williams’ 1017 Alyx 9SM got a big jolt of new funding and Burberry saw its sales slow way down.
Luxury Briefing: Why luxury brands are diversifying their categories Thanks to the pressures of inflation and an uncertain economy, coupled with the rising demand for luxury brands to become everything brands, the luxury space has been expanding.
The New York Times expands its street style coverage with new Google partnership The New York Times’ 1-year-old "Style Outside" column, which is found in the Style section and focuses on street-style photography, received an upgrade on Friday. The newspaper has partnered with Google for a revamped version of the column.
Week in Review: Plummeting watch prices, Black Friday strategies, garment worker strikes in Bangladesh This week, we discuss what’s causing luxury watch prices to plummet, what strategies brands are tackling for Black Friday and to what extent the ongoing garment worker strikes in Bangladesh are impacting the fashion industry.
Mary Carmen Gasco-Buisson, Pandora Jewelry | Glossy 50 2023 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.
Tirath Kamdar, eBay | Glossy 50 2023 Tirath Kamdar, gm of global luxury at eBay, has been at the forefront of the company’s luxury push. Under his leadership, the platform’s luxury sales have grown by double digits in the last two years. The Authenticity Guarantee launched in 2020 was a first step, but the most impactful change...