The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Gap is set to launch a collection with cult London streetwear label Palace.
The 55-piece collection was inspired by ‘90s skateboarding style and includes varsity jackets, windbreakers and co-branded logo hoodies.
The move comes a month after parent company Gap Inc. hired designer Zac Posen as “cultural curator and creative partner” to new chief executive Richard Dickson in the latest bid to re-energise the long-stagnant American apparel chain.”
Gap is a pop culture brand that sells apparel,” Dickson said in November at BoF VOICES. “Brands need to have a strong identity, a point of view and creative perspective. We don’t need everyone to like us.”
ADVERTISEMENT
Learn more:
Gap Inc. Names Zac Posen Creative Director
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.