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.
Hello BoF Professionals, welcome to our latest members-only briefing: The Week Ahead. Think of it as your "cheat sheet" to what everyone will be talking about on Monday.
THE CHEAT SHEET
LVMH Results Promise New Clarity on China
Source: Shutterstock
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Fashion Has the Shutdown Blues
Protest of government shutdown by furloughed federal workers, contractors and their supporters | Source: Shutterstock
The Bottom Line: Retailers aren't out of the woods yet; with a second shutdown possible on February 15 if lawmakers fail to strike an immigration deal, employees facing another potential furlough may choose to save their next paycheck rather than spend it.
Amazon Fashion Just Keeps Getting Bigger
Amazon website | Source: Shutterstock
The Bottom Line: As Alibaba has demonstrated in China, there is no ironclad law preventing an online marketplace from attracting fashion-minded consumers. Amazon hasn't cracked the code quite yet in America, but the fact that it's still trying should keep the fashion industry on guard.
Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholders’ documentation guaranteeing BoF’s complete editorial independence.
COMMENT OF THE WEEK
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Diet Prada's Tony Liu and Lindsey Schuyler | Images: Camila Falquez for BoF
"Honestly, when no one else is going to speak up about injustice because they're all getting paid by the same advertisers and companies, how are creatives and small brands supposed to fight? No one dares to call them out on their BS for fear of not being invited to another show. We NEED more people/accounts like Diet Prada to push for socially responsible agendas in fashion and media." @milzxho, on "Diet Prada, Estée Laundry and the Rise of Watchdog Culture: Harmful or Helpful?"
SUNDAY READING
Professional Exclusives You May Have Missed:
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The duo behind Skims are taking a minority stake in the luxury cashmere label, with an eye on scaling the cult brand.
After headline pieces — sometimes formerly owned by celebrities or featured on TV — sell for blockbuster prices, they can end up pretty much anywhere, from museums to collectors’ closets.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.
Hermès’ elusive sales strategy is at the centre of a new legal challenge for the French luxury giant. BoF breaks down the practices under scrutiny and what the suit could mean for the fashion industry at large.