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.
Adidas still hasn’t figured out what to do with all those Yeezys. Here are 3 options it could take Adidas is still contending with what to do with all those unsold Yeezy sneakers it has sitting in warehouses. On Friday, CEO Bjorn Gulden said on the earnings call that Adidas had around $556 million worth of Yeezys on hand, over $100 million of which were manufactured after the breakdown...
Week in Review: Talking dupes, Crocs and Met Gala fashion with StockX CMO Deena Bahri Bahri brings her industry expertise to a discussion about Crocs' use of smart collaborations to grow beyond being the quintessential ugly footwear brand. She and host Danny Parisi also dive deep on Met Gala fashion and the factors that are driving the rise of dupe culture.
Beat-up bags are luxury’s new gateway drug Resale companies put a lot of work into making sure the items they sell are authentic and in good condition. But a new trend is emerging in the resale market that's making the second part less of a necessity: selling items that are dented, worn and beaten up. In other...