Cucinelli’s skyrocketing growth shows quiet luxury is here to stay Brunello Cucinelli has become a poster child for "quiet luxury." And according to Cucinelli’s most recent earnings report, released on Tuesday, the consumer desire for quiet luxury has remained strong. Its profits were up 31.9% in the first half of 2023, and it's now expecting a 10% increase in sales...
‘People are tired’: Fashion brands are lowering prices to bring back price-conscious consumers Wray Serna, the designer and founder of her eponymous brand Wray, said she’s lowered the prices of all the goods at her brand by 15-20% in the last month.
Neiman Marcus reverts to old marketing tactics for new fall campaign The campaign is a multipronged effort, featuring everything from the "Fall Book" — a thick coffee table book replacing the slim catalogs of previous campaigns — to a series of profiles of prominent people in the worlds of fashion, sports and activism.
Weekend Briefing: Retailers report increased shoplifting, but it’s not an epidemic In recent weeks, retailers have spoken out about retail crime affecting their bottom line. So, are we in a crime wave? Not really.
Fashion Briefing: Inside the rise of influencer-driven resale sites In the last few years, another online fashion resale format has emerged. It's based on the idea that customers want to buy clothes from specific people, including celebrities, stylists, influencers and stylish people with an Instagram account. That's due to a combination of factors, including the oversaturation of e-commerce options,...
Week in Review: Abercrombie & Fitch’s comeback and fashion’s community playbook On this week’s episode, we discuss Abercrombie & Fitch's comeback over the last few years, including its ability to shed the exclusive, elitist image it held in the 2000s. Later, we talk about community building in fashion and how brands are using live events to build loyalty.
Inflation is complicating brands’ inventory planning While the supply chain is more stable than before, now inflation and reduced consumer spending are causing brands headaches with planning their inventory buys.
Harris Reed’s first collection at Nina Ricci focuses on gender fluidity As of Tuesday, the first of Reed’s Nina Ricci designs are now available for purchase; the autumn-winter 2023 collection is available to shop on Nina Ricci's website and at Saks Fifth Avenue.
Percival seeks growth with new loyalty program and US expansion In the last three months, buzzy collaborations with sportswear brands like Umbro and Champion, non-fashion brands like Campari, and even media properties like "Seinfeld" have raised its profile. And endorsements of celebrities including Chris Evans and Tom Holland have introduced Percival to a new American audience.