Abercrombie & Fitch Co., the iconic apparel brand known for its trendy offerings, is grappling with investor disappointment despite reporting remarkable sales numbers. The fashion retailer announced record net sales of $1.2 billion, a figure that met analysts’ expectations but ultimately did not impress investors who anticipated stronger growth. This news surfaced after the company […]
Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’
In a vibrant celebration on Saturday, Telfar Clemens unveiled the first permanent store for his renowned fashion brand in SoHo, New York. Known for its inclusivity, the store represents a significant milestone in the evolution of Telfar, often dubbed as the ‘Bushwick Birkin,’ thanks to its recognizable tote bags that have captured the hearts of […]
Luxury’s Pricing Reality Check
The luxury market is facing a significant challenge as recent economic pressures lead luxury brands to reconsider their pricing strategies. This landscape shift is not just a reaction to inflation; it reflects a broader recalibration of consumer expectations in the high-end market. Notably, brands like Mulberry, Burberry, and Capri Holdings are publicly acknowledging the disconnect […]
François Pinault Out of the Global 100 Richest
Francois Pinault, the esteemed founder of Kering SA, has experienced a dramatic decline in his wealth, which has dropped by two-thirds from its peak in August 2021. As of November 2024, he is ranked No. 105 on the Bloomberg Billionaires Index, marking a significant departure from his previous position among the top hundred wealthiest individuals […]
The Business of Beauty Haul of Fame: The Next Status Bag Is for Your Makeup
Sales of “beauty bags” are booming. Is it Carrie Bradshaw’s fault? In an era where celebrity influence shapes consumer behavior, the rise of designer makeup cases as a status symbol can be traced back to iconic media figures like Sarah Jessica Parker. Often seen clutching the luxurious Louis Vuitton Pochette, the traditional makeup pouch has […]
At BoF VOICES 2024, The Future of Commerce-Enabled Culture
The annual BoF VOICES 2024 event brought together influential figures from the fashion industry and beyond to explore the intersections of commerce, technology, and culture. Held at Soho Farmhouse in Oxfordshire, the three-day gathering celebrated its ninth edition by featuring prominent speakers, including fashion designer Simon-Porte Jacquemus and creative director of Valentino, Alessandro Michele. On […]