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What You May Have Missed This Week

BoF brings you the top seven fashion news and analysis stories of the week.
By
  • BoF Team

LONDON, United Kingdom — It was a bad week for legacy American retailers. J.C. Penney, Macy's, Nordstrom and Gap were all part of the bloodbath, posting disappointing first quarter results. Meanwhile, a "winner takes all" battle is taking shape in the online resale market, where a handful of "re-commerce" sites, armed with millions of dollars of venture funding, are gearing up for a make-or-break year.

For "sharing economy" giants like Uber and Airbnb, the future of consumption is access, not ownership. Will it work for fashion? …Meanwhile, in Geneva, Christie's, Sotheby's and Phillips are holding watch auctions amidst a booming vintage watch market.

Print magazine continue to suffer, but Condé Nast has just revamped GQ Style, while Hearst UK is betting on brand extensions, from vitamins to cooking classes... Have you seen Calvin Klein's controversial new ads? Photographer Harley Weir says she's "very happy" with the campaign.

Catch up on these stories and more with BoF’s Week in Review.

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1. Resale Sites Prepare for Battle

Photo Illustration: BoF Photo Illustration: BoF

Photo Illustration: BoF

Armed with millions of dollars of venture money, a handful of fashion ‘re-commerce’ sites are gearing up for a ‘winner-takes-all’ fight.

2. Alastair McKimm, Fashion's Street-Luxe Alchemist

Alastair McKimm | Photo: Ezra Petronio Alastair McKimm | Photo: Ezra Petronio

Alastair McKimm | Photo: Ezra Petronio

BoF talks to the stylist and i-D fashion director — known for his melding of luxury and streetwear — on working with Self Service, Supreme and Saint Laurent incomer Anthony Vaccarello.

3. Will the ‘Sharing Economy’ Work For Fashion?

Rent the Runway offers customers access to an "unlimited" closet | Source: Rent the Runway Rent the Runway offers customers access to an "unlimited" closet | Source: Rent the Runway

Rent the Runway offers customers access to an "unlimited" closet | Source: Rent the Runway

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For ‘sharing economy’ giants like Uber and Airbnb, the future of consumption is access, not ownership. Will it work for fashion?

4. The Vintage Watch Boom

A vintage 1970s Patek Philippe watch | Source: Shop.Hodinkee.com A vintage 1970s Patek Philippe watch | Source: Shop.Hodinkee.com

A vintage 1970s Patek Philippe watch | Source: Shop.Hodinkee.com

After a series of record sales in 2015, expectations are high for this year’s vintage watch auctions.

5. Do Men Need GQ Style?

Robert Downey Jr. on the cover of GQ Style's Summer 2016 issue | Source: Courtesy Robert Downey Jr. on the cover of GQ Style's Summer 2016 issue | Source: Courtesy

Robert Downey Jr. on the cover of GQ Style's Summer 2016 issue | Source: Courtesy

GQ Style editor-in-chief Will Welch and publisher/chief revenue officer Howard Mittman give BoF a first look at the revamped publication's debut issue and its strategy.

6. Hearst UK Bets on the Brand

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The Good Housekeeping Institute's cookery school | Source: Courtesy The Good Housekeeping Institute's cookery school | Source: Courtesy

The Good Housekeeping Institute's cookery school | Source: Courtesy

As the market for print magazines shrinks, the British arm of the global publisher is ramping up brand extensions to make money off the back of titles like Cosmopolitan, Good Housekeeping and Men’s Health.

7. Havana Hanging in the Balance

Havana | Source: Shutterstock Havana | Source: Shutterstock

Havana | Source: Shutterstock

Tim Blanks reports from Havana, finding the Kardashians and Kanye West amongst white clad adherents of Santeria in a city on the cusp of a new revolution.

MARKET MOVEMENTS

Nordstrom Plunges on Lower Forecast, Adding to Retail WoesOpens in new window ]

Zalando Invests in Tech, Cool Spring Leads to Profit TumbleOpens in new window ]

Thrifty Tourists, Weaker China Curb Tod's Sales and ForecastsOpens in new window ]

Macy’s Cuts Profit Forecast as Sluggish Traffic Weighs on SalesOpens in new window ]

Italy's Moncler First Quarter Sales Rise More Than ExpectedOpens in new window ]

Gap Plummets After Comeback Plan Fails to Revive Sales GrowthOpens in new window ]

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