Our Brands BOF

A number of top business leaders in fashion and tech attended the smaller-scale inauguration inside the US Capitol. Consider “premiumisation” of select product lines to showcase value through quality of materials and durability. When asked which categories they would spend on (e.g. groceries, clothing, activities) given higher discretionary spend, over 70 percent say they would continue certain trade-down behaviours in their fashion purchases. “It’s a big undertaking to go international, and to choose where to go or determine whether there’s demand there,” said Hemminger.

Plus, there’s the fact that all signs point to the end of TikTok in the US in less than two weeks’ time. The Wyoming address is the same given for the company provided for Trump’s watch brand, TheBestWatchesOnEarth LLC. An October 2024 CNN investigation into the watches was unable to find details on where they are being produced or who owns the company.

The Niche Fragrance Brands Set to Break Through in 2025

For the BoF-McKinsey State of Fashion 2025, CEO Patrice Louvet spoke about how pricing and merchandising strategies have set up the company for success in uncertain times. As “value” can take on different meanings, brands will need to identify which value-seeking behaviours drive their customers and tailor their strategies accordingly. Shopper surveys, social listening and analysis of customer relationship management data can all be effective ways to identify what shoppers care about in terms of value. Some brands have recognised this growth opportunity and are developing their own resale capabilities. For example, Sandro’s resale programme drives customer loyalty by giving sellers either 70 percent of the resale value if they choose to be paid directly, or 100 percent of the resale value if they choose Sandro credit. Meanwhile, Shein launched its own online peer-to-peer resale platform, Shein Exchange, in Europe in summer 2024 after seeing success in the US.

Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty

Some of the new stores also focus on buying, where luxury shoppers can trade in secondhand pieces for cash. Others are traditional stores in high-foot traffic areas, though every location will serve both shoppers and sellers. But Bof casino login considering almost the entire community has lost their homes and businesses, this is nothing to celebrate,” wrote Favorite Daughter co-founder Sara Foster on Instagram. “We empower faster decision making … we can excel at brand desirability, consumer experience, innovation, quality and end to end execution. Extensive collection of Martin Margiela pieces set to go to auction in January. Kerry Taylor and Paris-based Maurice Auction will host a sale of over 300 pieces of clothing and other items from the period between 1988 to 1994, when the designer was first breaking out in fashion.

In the intermediary months, the brand stopped posting on Instagram, and its stock was placed on clearance at many major retailers, while customers took to social media to complain that orders were going unfulfilled. As someone who came into the fashion industry as an outsider, Imran Ahmed was obsessed with the creativity and magic of fashion, but found it impossible to break in. One of the biggest barriers was that there was nowhere he could find analysis and insights on the business of fashion and how the fashion industry worked. Still, the flurry of microtrends showed brands and retailers that consumers expect them to take risks, use humor and be plugged into the cultural conversation, said Herren.

Company veteran Caliri is back in the driver’s seat as creative director of men’s, women’s and home collections. ‘What matters at Missoni is the materiality of texture, and this is where my path begins,’ the designer tells Angelo Flaccavento on the eve of his return to the runway. Kering’s flagship brand is expected to announce a new creative director ‘promptly.’ The sooner the better, writes Imran Amed. Shein, which was valued at $66 billion in a funding round in 2023 and as high as $100 billion in 2022, confidentially filed papers in June for a London IPO. Bloomberg reported in January last year that investors were trying to sell Shein shares in private market deals that valued the company at as low as $45 billion, reflecting dwindling enthusiasm.

Over time, BoF’s pioneering approach has made it the fashion industry’s leading source of business intelligence, and one of its most respected and influential voices, simply because we won’t find BoF’s original reporting, analysis and advice anywhere else. The Business of Beauty brings the same kind of agenda-setting coverage to the beauty and wellness space. Today, its talented team of correspondents, editors, analysts, engineers, designers, marketers and others in London, New York, Paris and Milan. All the while, online resellers are increasingly competing with traditional brick-and-mortar secondhand retailers, whose businesses have also flourished in recent years. For instance, Winmark Corporation, the owner of thrift chain Plato’s Closet, saw sales climb nearly 50 percent and net income by one-third between 2018 and 2023. Meanwhile, Japan-based luxury consignment shop 2nd Street plans to more than double its footprint in the US to 100 stores by 2029.

The Director General addressing the audience at the Public Presentation of the 2024 Budget Proposal

This year, Macy’s Inc. struggled to shrug off pressure from activist investors eyeing the company’ real estate holdings. This year’s games attracted unprecedented interest from the industry, beyond the mainstay sportswear giants like Nike and Adidas. Still, the UK, looking to revive London’s struggling city, could welcome the monster listing. An installation featuring restored works by Saul Steinberg is the 200-year-old Belgian brand’s latest attempt to build present-day relevance after being purchased by Richemont in 2021. Our Legacy generated sales of €40 million ($43.6 million) in the fiscal year ended 30 June 2024, up from €30 million the year prior and €8 million in 2021, the company told BoF. The investment in Our Legacy comes as the brand plots the next phase of development after growing its revenues five-fold over the past three years.