The Future of Online Resale Is Offline BoF
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De La Faverie said the plan would also see its business expand its presence in what he called “consumer-preferred, high-growth channels,” like e-commerce, specialty retail, European pharmacies and travel retail in the Western countries. But in all those channels — especially Sephora and Ulta Beauty — its brands will be jostling for share of wallet with some of those more agile indie brands, as well as buzzy brands with celebrity founders like Hailey Bieber’s Rhode and Selena Gomez’s Rare Beauty. The company can both create and deploy plans around internal restructuring, changes to its procurement strategy and overall fat-trimming with relative ease. But fixing its core issues, and rebuilding desire and demand for its key brands — which include its namesake line, Clinique, La Mer, MAC Cosmetics — in its top markets, the US and China, will be more difficult. LVMH’s premium partnership made the most headlines — and the cut for the opening ceremony. Christian Dior provided the costumes for Lady Gaga, Aya Nakamura and Celine Dion’s live, televised performances along the Seine and under the Eiffel Tower; while Louis Vuitton trunks were the centrepiece of a dance across the Pont Neuf.
But the company has since been outpaced by Spanish rival Zara, which has grown sales despite rising competition from ultra-fast-fashion disruptors like Singapore-based Shein, in part by projecting a more elevated, fashion image. OXFORDSHIRE, United Kingdom — H&M is collaborating with designer Glenn Martens on a special capsule collection, group president and CEO Daniel Ervér and Martens told The Business of Fashion’s Imran Amed on stage at BoF VOICES 2024 on Wednesday. The collection, to drop in 2025, is part of a wider push to reassert H&M’s fashion credentials after years of stagnant sales. Our creative, passionate & knowledgeable team has over 30 years experience as a furniture specialist within the Education, Public & Private sectors. We aim to provide an honest, professional and personal experience from initial inspiration to finished installation.
Supreme and the late Virgil Abloh’s Off-White were acquired by eyewear-maker EssilorLuxottica and Bluestar Alliance, respectively. The transactions raised concerns about what might become of the pioneering streetwear brands, which have reported uneven sales in recent years. Vice President Kamala Harris’ entry into the presidential race over the summer sparked discussion about her own fashion choices— from the Chloé suits to the Converse. As critics argue that menswear labels’ homogenous marketing style has made for a feeling of boredom and sameness in the sector, start-ups are beginning to invest in imagery that will set them apart from their competitors. Executive Editor Brian Baskin dives into whether and why men’s style is getting stale, and the brands that are trying to do something about it, with BoF correspondents Malique Morris and Lei Takanashi.
Consumers Want Brands to Prove They’re Worth It
Fashionphile acquired its intellectual property as well as remaining inventory after LXR filed for bankruptcy. The secondhand market has expanded significantly over the past decade, driven by digitally native platforms like The RealReal and Fashionphile that identified — and quickly populated — a white space for stylish, fashion-forward online shoppers. But in recent years, the rapid growth among this cohort of internet-savvy early adopters has slowed.
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But growth has soared in recent years, becoming a menswear cult favourite and reaching mainstream consumers via coveted collaborations with streetwear label Stüssy and Emporio Armani. Our Legacy says it’s attracted and rebuffed several approaches from would-be investors as the label—Swedish fashion’s standard-bearer for low-key menswear cool—grew into a global business in recent years. None seemed like the right fit, co-founder Jockum Hallin said, until LVMH Luxury Ventures came calling. These are all incredibly high-end accreditations which we have maintained for many years. They are a testament to our commitment to providing exceptional products, quality and sustainable services to our valued customers.
- Attract value-minded shoppers through alternative channels and differentiated products, while protecting core brand equity.
- But the company has since been outpaced by Spanish rival Zara, which has grown sales despite rising competition from ultra-fast-fashion disruptors like Singapore-based Shein, in part by projecting a more elevated, fashion image.
- The three-day event was a celebration of exciting new products, sustainable initiatives and fabulous…
- The stigma of buying pre-worn or imperfect garments is no longer a hang-up for consumers, especially Millennial and Gen-Z shoppers.
- Fashion label Bricks and Wood turned its store into a donation centre for essential items while also donating its own clothing, as has streetwear boutique Brain Dead.
A flexible range of options suitable for desks, shared spaces, classroom and meeting rooms. We take pride in the fact that we are certified to help you create your workplace furniture solution. Our accreditations demonstrate that we are committed to setting the highest standards. At their peak, microtrends tended to thrive for a month or two — longer, perhaps, if they were tied to a pop-cultural moment (think “Barbiecore,” tied to the 2023 film or more recently, “Brat Summer,” inspired by Charli XCX’s hit album).
This year, average global temperatures surpassed 1.5 https://openwatermovie.co.uk °C above pre-industrial levels for the first time. With action increasingly uncertain after a fractious UN climate summit, fashion is facing risks from overheated factories to consumer volatility. Stylish boutiques have transformed into donation centres and Los Angeles-headquartered brands’ social media feeds are full of lists of disaster relief organisations amid deadly fires that are already among the most destructive in the state’s history.
These range from on-time-in-full issues due to vendor problems to inaccurate inventory forecasting. For evidence the frenetic naming and consumption of viral trends has tempered, look at what’s dominated online fashion discourse lately. Donald Trump is marketing a self-branded $399 metallic gold high-top sneaker after being ordered by a New York judge to pay $364 million for lying about his wealth. Research linking PFAS exposure to health issues – including liver damage, lower birth weights and testicular cancer – is raising litigation risks for companies, Jefferies analysts said in a note this month. Industrial applications such as plastics and electronics production account for most PFAS use, according to data from Nordic countries’ chemicals agencies .
H&M’s partnership with Martens comes as Ervér oversees a major revamp that includes refreshed collections, renovations to 250 stores and large-scale events in key markets with the likes of Charlie XCX, Troye Sivan and Yseult. Monet named Brown Sugar Babe, a US-based brand with gourmand scents starting as low as $15, as one that’s gaining speed. With cheekily named fragrances like Kris P. Kreem (stylised with a shot of glazed doughnuts) the brand reportedly projected $10 million in sales for 2024.
Millions of low-cost fashion products are showing up in thrift stores and on resale sites, but that’s not curbing the industry’s primary growth. Fashionphile bet big in the wholesale category with its acquisition of Canadian B2B resale company LXRandCo, Inc. in November 2023. LXR specialised in selling secondhand designer handbags to department stores such as Lord & Taylor and Century21.