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New York Fashion Week’s Revolving Door

This week, everyone will be talking about the opening days of New York Fashion Week and the start of fashion’s earnings season.
Tory Burch Spring/Summer 2022
Tory Burch Spring/Summer 2022 show at New York Fashion Week. (Getty Images)

A Changing Lineup

  • New York Fashion Week, which begins Feb. 11, has seen its schedule shaken up repeatedly in recent seasons
  • Tom Ford and Marc Jacobs are among the former mainstays not showing
  • Proenza Schouler and Altuzarra, emerging designers Elena Velez and Peter Do, plus Telfar and Shayne Oliver are among the designers and brands on the schedule or planning events

New York Fashion Week is perennially in flux — it’s become almost routine for a supposed linchpin of the schedule to drop out. But the lineup always seems to coalesce around a new group of well-known names and emerging stars to justify the whole exercise for another season. For Fall/Winter 2022, long-time anchor Marc Jacobs is once again nowhere to be seen, and Tom Ford’s last-minute decision to cancel his show and release images digitally at a later date robbed the schedule of one of its remaining internationally recognised designers. And yet, there are still billion-dollar brands (Tory Burch, Michael Kors, Coach), recent breakouts (Elena Velez, Peter Do) and new trends that will quickly make their way to stores. Shayne Oliver is staging an event for his new luxury brand, and Telfar has another multimedia project planned. Virtual fashion and the metaverse are sure to feature in at least a handful of brands’ presentations. It’s not quite Paris or Milan, but there’s a reason people keep showing up.

The Bottom Line: Some more last-minute alterations aren’t out of the question. Supply-chain issues and travel restrictions threaten to turn the already hectic process of securing samples, and the models to wear them on the runway, into a true logistical nightmare.

What Peloton Can Tell Us About Fashion’s Future

  • Peloton reports second-quarter results on Feb. 8
  • Peloton has much in common with DTC clothing brands that had a strong run during the pandemic but have struggled of late
  • The bike seller’s apparel sales topped $100 million last year, but growth in that category has slowed, CNBC reported last week

Peloton isn’t technically a fashion brand (though with over $100 million in apparel sales last year, it’s a minor player in the activewear category). But it shares enough of the industry’s DNA to serve as a useful bellwether when it releases earnings this week. To start, the exercise device maker ripped chapters from the direct-to-consumer playbook, from its digital-first sales strategy to its intensely loyal customer community. It also benefitted from the same stay-at-home pandemic trends that lifted countless athleisure and activewear brands. And much like its DTC and activewear peers, it’s fallen on hard times recently, recording slower growth, supply-chain problems and rising costs. The parallels shouldn’t be exaggerated; there’s quite a difference between selling $2,500 stationary bikes and $100 sneakers or $30 T-shirts. That said, if Peloton can extricate itself from its current problems, there’s hope for all the other brands that are struggling.

The Bottom Line: There’s little sign that the brands that rode the pandemic and DTC booms have hit bottom. Those with strong, differentiated products and loyal customer bases will make it through to the other side, but there are likely more tough times ahead.

Editor’s Note: This article was corrected on 7 Feb 2022. An earlier version stated that Tom Ford had postponed his show. He has not. The show was cancelled, and images will be released digitally at a later date.

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The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
Voices 2022
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices 2022