Chanel Appoints Simona Cattaneo as Fragrance and Beauty President
Cattaneo, who was previously general manager at Tod’s, will replace Anne Kirby, whose retirement was confirmed in July 2024.
This Week In Fashion
Retail
Do Mass Brands Need Creative Directors?
This week, Uniqlo appointed Clare Waight Keller the creative director of its main line, while Stefano Pilati signed on for a collection with Inditex flagship Zara and Zac Posen staged a New York Fashion Week bash with Old Navy. The jury is still out on whether hiring designers from high-fashion will drive retail results.
Do Mass Brands Need Creative Directors?
This week, Uniqlo appointed Clare Waight Keller the creative director of its main line, while Stefano Pilati signed on for a collection with Inditex flagship Zara and Zac Posen staged a New York Fashion Week bash with Old Navy. The jury is still out on whether hiring designers from high-fashion will drive retail results.
Retail
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
What Condé Nast’s Embrace of AI Means for Fashion Media
The magazine publisher is licensing its content to OpenAI, even as other publishers sue the company. We’ll know soon enough which approach can provide a path forward for the media industry as the technology reshapes the internet.
The Top Priority for Victoria’s Secret’s New CEO
The surprise appointment of Savage X Fenty’s Hillary Super to the top job gives the beleaguered lingerie brand one more chance to show confused consumers what it stands for.
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Retail
American Fashion Soldiers Through a Volatile Market — For Now
The global stock market tumble this week raised alarm among economists over the likelihood of a US recession happening this year. The consumer economy, however, has held strong and the savviest retailers are still posting growth through offering a compelling value proposition.
American Fashion Soldiers Through a Volatile Market — For Now
The global stock market tumble this week raised alarm among economists over the likelihood of a US recession happening this year. The consumer economy, however, has held strong and the savviest retailers are still posting growth through offering a compelling value proposition.
Fashion’s Sports Obsession Is No Accident
The Olympics are proving a perfect marriage of the sports and fashion industries. It’s the culmination of several factors that have turned sport into fashion’s most exciting new arena over the past two years.
Are Luxury Brands Still Worth It?
Luxury’s results ‘superweek’ underscored just how far consumer demand has fallen. Macroeconomic gloom is part of the problem, but there may be deeper issues with big luxury’s value proposition.
Is It Time for Supreme to Sell Out?
Supreme’s adherence to its business model of drops and scarcity might now be constraining its growth rather than driving it. It might be the moment for the streetwear pioneer to give in and go fully mass-market.
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Where Does Nike Go From Here?
With pressure mounting on CEO John Donahoe, the sportswear giant’s precise turnaround plan remains unclear. But the rehiring of Nike veteran Tom Peddie this week offered more clues on the brand’s direction.
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.
Is Gap’s Turnaround Finally Working?
Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.
Luxury’s New Era of Uncertainty
This week, Permira pulled Golden Goose’s IPO citing uncertain market conditions, while menswear collections in Milan and Paris continued to play it safe in a softening market.
The News in Brief
European Luxury Shares’ $240 Billion Rout Is Just the Beginning
Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewellery are languishing.
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
Roblox to Sell Physical Goods Through Shopify Integration
It’s the first of many integrations with e-commerce platforms Roblox said it is planning for next year.
Puig Reports 26% Drop in Profit on IPO Costs
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its initial public offering (IPO) earlier this year, sending its shares down as much as 13 percent.
Fear of God Hires Ex-Jacquemus CEO Bastien Daguzan
Daguzan is tasked with growing the brand's awareness, expanding its international distribution channels and reconfiguring e-commerce for global customers.
Shein’s Pop-Up Store Ruffles South African Retail Sector
The retailers’ debut pop-up store in South Africa has triggered controversy and tax changes aimed at protecting local retailers by increasing levies on low-value imports.
Asos Cedes Topshop to Denmark’s Bestseller for $178 Million
Asos is forming a joint venture with the family’s Heartland A/S, which will pay £135 million ($178 million) for a 75 percent stake in the two brands the UK company acquired in 2021 from Philip Green’s insolvent retail business as part of a £295 million deal.