Author Archive
5 October, 2011 | by Robert Cordero

First Person | Phillip Lim’s Four P’s: Partner, Price Point, Production and Positioning

Phillip Lim | Photo: But Sou Lai

NEW YORK, United States — “I always believed in making clothes with affordable prices,” said Phillip Lim, one of the many young designers to have emerged in New York over the past few years. But unlike his peers, when Lim launched his label back in the autumn of 2005, he made a conscious decision not to compete in the high-end designer category. Instead, Lim’s vision was to offer his customers beautifully made, well-designed clothing at a contemporary price point.

Lim’s fashion journey began with Development, a Los Angeles-based line he started with partners in 2000. But four years later, after relationships turned thorny, Lim walked away from the label. Soon after, a friend he had met in Paris convinced Lim to come to New York, just to ‘hang out’ for the week. That friend was Wen Zhou, who would soon become chief executive of Lim’s new brand and his new business partner in an entrepreneurial venture that is on track to turn over more than $60 million this year — not bad for seven years of hard work.

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15 June, 2011 | by Robert Cordero

First Person | Anya Hindmarch Says You Have To Sweet Talk, and Sell

Anya Hindmarch | Source: Anya Hindmarch

LONDON, United Kingdom — “I started my business when I was 18,” said luxury handbag designer Anya Hindmarch. On her gap year in Florence, Italy, she saw a bag that was all the rage among the cool Italian girls and she bought it. “I took it to London and everyone loved it,” she recalls.

The reaction, it seems, helped her identify a business opportunity. “I found a factory, had a similar bag made and took it back to the UK.” Her first break came when she persuaded Harpers & Queen to offer the bags to their readers, resulting in 500 orders. These initial sales sparked demand among the cult London stores of the time, and soon, orders came in from big New York stores too, including Barneys, Bergdorf Goodman and Henri Bendel.

Although success came early for Hindmarch she admits that it was a difficult time, replete with growing pains. “You don’t have the volume for the factories to give you much time. And the designs have to be the most special to win the customers over. Basically, you have to sweet talk and sell to the suppliers as much as to the customers,” recalls Hindmarch. “You have to be determined, beyond sense almost, to get through that phase.”

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18 May, 2011 | by Robert Cordero

BoF Exclusive | Musing on the Pace of Fashion

LONDON, United Kingdom — As the the fashion industry grapples with the radical change that’s reshaping our business, there have been precious few opportunities to step back and discuss what it all means for the fashion system at large.

The third edition of Miu Miu’s “Musing” salons, themed The Pace of Fashion and hosted by Shala Monroque, enabled industry leaders from across the fashion spectrum to sit back and try to make sense of an industry undergoing rapid disruption and transformation. “We wanted to gather people of like minds to have a conversation,” said Monroque. “We’ve done it twice already in New York and the one topic that kept coming up was the pace of fashion.”

Following “Musing” events in New York, moderated by Andre Leon Talley, it was The Business of Fashion’s very own Imran Amed — seated between Monroque and the International Herald Tribune’s Suzy Menkes — who opened and led the conversation this time. “We all know working in this business everyday, that things have been going faster and faster and faster,” he said, citing voracious demand for new products (from both retailers and consumers) and the intense pressure for fashion businesses to deliver revenue and profit growth as two underlying causes of this overall acceleration.

But it was the impact of a third key driver, the rise of digital media, which dominated much of the evening’s dialogue, sparking a collegial debate between some of fashion’s most influential figures including Grazia’s Paula Reed, Yoox CEO Federico Marchetti, The Times’ Lisa Armstrong, blogging star Susanna Lau, and Harvey Nichols buying director Averyl Oates.

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8 May, 2011 | by Robert Cordero

The Spotlight | Tze Goh

Tze Goh detail | Source: Tze Goh

LONDON, United Kingdom — This month, the BoF Spotlight turns to Singapore-born, London-based designer Tze Goh, whom we first came across during London Fashion Week at Vauxhall Fashion Scout’s ‘Ones to Watch.’ show. In fashion, designers often combine multiple points of reference in a single collection to give their clothes a more novel and appealing context. But Goh takes a more tightly focused approach to his work.

“I don’t really understand why there are so many themes in a collection; there’s no real reason for that,” said Goh, who trained at the Parsons New School of Design in New York and Paris, before completing his MA at Central Saint Martins in London. “For me, fashion is all about changing the silhouette of a person.”

To achieve his minimal, shape-shifting vision, Goh purposefully restricts his conceptual inputs. “I typically have one or two ideas and I work within those boundaries to make sure that the result is focused,” said Goh.

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22 September, 2010 | by Robert Cordero

Fashion 2.0 | Can Technology Help Fashion Etailers Tackle ‘Try Before You Buy?’

LONDON, United Kingdom — In the early days of e-commerce, fashion brands were hesitant about selling online for two main reasons: fear that online distribution would dilute exclusivity and suspicion that consumers would never buy luxury fashion they weren’t able to physically try on.

Nonetheless, in 2009, in the midst of The Great Recession, the online luxury market grew by 20%, a rate that’s expected to accelerate through the close of 2010, and online fashion retailers at both ends of the spectrum, from Net-a-Porter to Asos, the UK’s largest online-only fashion store, are reporting rapid growth.

But buying fashion online is distinctly different to buying consumer electronics or books from Amazon. Fashion consumers still like to try before they buy, even if that means ordering items in a few different sizes and returning the ones that don’t fit.

To address this issue, many online retailers believe in topnotch customer service and flexible shipping policies. “We are continuing to improve our best in class delivery and returns proposition,” said James Hart, e-commerce director at Asos. “But also, I’m always looking at any technology that can help people make purchasing decisions.”

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