Matt Scanlan wants to build “the next LVMH, in the U.S.,” he said on a call earlier this summer. It’s not the first time the head of an American fashion company has vocalized the goal of growing it to such an industry-dominating status. But it also didn’t cue an eye-roll,...
On Friday, 15-year-old Indochino, maker of custom men’s suits, announced its expansion into women’s custom suiting. Two suit silhouettes developed with women’s bodies in mind are now being offered in eight of its stores across Toronto, Seattle, Vancouver and New York. It also introduced its first skirt. Other companies specializing...
“The way LV and Kering became successful in the past won't be the way we become successful in this environment,” said Cheng, noting the changing world, great competition in the fashion industry, and rapid emergence of supply chain and digital marketing innovations.
This week, several designers announced fashion month plans, shedding more light on what's in store for September — which may or may not include an elongated Milan Fashion Week. Also, Estée Lauder confirmed the rumor that it’s exploring a Tom Ford acquisition. And an innovative physical retail experience proved that the...
Since the start of 2020, designers at leading fashion companies have been leaving their posts to increasingly flex their creativity, prioritize sustainability, establish autonomy and take advantage of opportunities to collaborate. For some, that’s meant starting a brand of their own. Meanwhile, others have moved on to younger brands with...
Eight months into his role as David Yurman president, Evan Yurman has been moving fast to modernize the fine jewelry company’s processes to position it for rapid growth. Among his first steps was hiring talent to hire talent.
At a time when brands are navigating how to amplify their story, build affinity among customers and make their physical stores worthy of the trip, Wally’s has managed to crack the code in a matter of months. At the same time, it’s gone against the grain, in terms of the...
In the last 45 days, leading e-commerce and retail tech companies including StockX, Stitch Fix and Klarna have announced layoffs. A common reason cited in their chief executives’ official statements has been preparing for further economic challenges.
For international indie brands, U.S. retail’s turbulent last two-plus years presented an opportunity to establish a strong local presence via stores in shopping hubs that were formerly out of reach. Pouncing on “wishlist” U.S. storefronts when they became vacant — and discounted — set several fashion brands up for success in the...