On Monday, Swiss luxury goods group Richemont reported its earnings for the first quarter of 2023, revealing a revenue decrease of 2% year-over-year in the U.S. Three days prior, British luxury fashion brand Burberry reported an 8% year-over-year dip in quarterly U.S sales, following its 7% decline in the market...
Luxury resale company The RealReal, which went public in June 2019, is nearing profitability. “Next year, we will be profitable on a full-year basis,” Rati Sahi Levesque, the company’s president and chief operating officer, said on the latest episode of the Glossy Podcast.
This week, we talk through the highlights of Copenhagen's Global Fashion Summit, the factors driving Omega's second price increase within the year and the interesting new experiment by Japan Airlines allowing travelers to rent clothes versus pack them.
September and October’s Fashion Month Spring 2024 is set to be one for the books. Along with designers taking their final bows for brands, a number of newly appointed creative directors are set to reveal the first fashion collections showcasing their brand visions in all their glory. Among them: Halston...
In 2021, Kendra Scott passed on the CEO title she’d held for her 20-year-old namesake jewelry company to Tom Nolan, a Ralph Lauren and Condé Nast veteran who’d joined Kendra Scott in 2015 as a member of the board of directors. Between 2015-2021, Kendra Scott became “a very big business valued...
There are mixed messages about how luxury consumers are currently spending. But — when factoring recent data, expert insights and insider reports of recent customer behavior — the resounding message is that the luxury consumer isn’t much different than consumers with less spending power. They’re shopping as they’ve always shopped,...
Announced on Wednesday, Vitamin A was just acquired by Swim USA, a family-owned company that also counts Miraclesuit and Amoressa in its portfolio. Its licensed brands include Polo Ralph Lauren and Reebok.
This week, a look at what Pharrell’s history and first Louis Vuitton show say about the brand’s new direction. Scroll down to use Glossy+ Comments, giving the Glossy+ community the opportunity to join discussions around industry topics. So much for quiet luxury. Louis Vuitton’s spring 2024 menswear fashion show in...
After an era of luxury brands working toward inclusivity in a bid for Gen Z, the pendulum is swinging back to exclusivity. Appealing to ultra-high-net-worth shoppers less impacted by the turbulent economy is the current focus.