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.
THE CHEAT SHEET
A Sense Check for Streetwear at Paris Fashion Week
Virgil Abloh at the Off-White Spring/Summer 2019 show | Source: Getty Images
The Bottom Line: Streetwear is unlikely to depart the high fashion scene as dramatically as it came. Certain elements, including drops and sneakers, will surely live on as part of the luxury business model.
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France Tackles Fashion's Waste Problem
The Bottom Line: The practice of burning unsold goods may be on its way out even without new regulations. Excess inventory is a major cost for any consumer goods business, and brands from H&M to Burberry are tweaking their supply chains to better align supply to demand.
Nike Strategy Expected to Pay Off
Insider Nike's new Manhattan flagship | Photo: Courtesy
Nike's strategic choices continue to pay off. The shift from wholesale to direct selling has boosted margins without hurting sales, and Nike and sub-brand Jordan dominate the white-hot resale market, with only the far smaller Yeezy brand able to generate even a fraction of their hype. Though Nike is still the unparalleled favourite among hypebeasts, the halo from its controversial Kaepernick campaign may be fading in the wider consumer market, as the brand has released few products bearing his name, and the athlete hasn't appeared in any more ads. Nike was also forced to drop another athlete, Antonio Brown, after the NFL star was accused of rape. That said, Nike has plenty of global superstars in its stable of brand ambassadors, from Lebron James to Serena Williams to a growing (and long overdue) relationship with women's soccer.
The Bottom Line: Nike's shift to DTC also allows the company to maintain ironclad control over how consumers interact with its products and perceive the brand. The expansion of the NikePlus loyalty programme, which now has 170 million members, is an example of how that message discipline can be converted into sales.
SUNDAY READING
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