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 Requiem for Cyber Monday
Macy's Christmas window 2015 | Photo: Diane Bondareff for Macy's
PVH Corp. Wants Another Acquisition. What Should They Buy?
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Actor Noah Centineo for Calvin Klein | Source: Courtesy
The Bottom Line: PVH needs to demonstrate it has a plan for its current portfolio of brands before buying another one. Calvin Klein in particular is struggling, with sales down sharply in North America and a Moncler Genius-style collaboration strategy apparently discontinued.
The Fascination With Vintage Fashion
A Cristobal Balenciaga dress from 1961 | Source: The Metropolitan Museum of Art
Fashion's current mania for nostalgia is changing the formerly sleepy market for vintage apparel. The Met's Costume Institute may in the past have competed for a collection such as Schreier's with a handful of fashion museums and private collectors. Now, collectors have their choice of institutions, auction houses, resale sites, high-end vintage stores and more, all catering to an increasingly global and demographic-spanning audience. It's not just early Saint Laurent or classic Chanel that's sparking bidding wars, either. The mania for all things '90s and early '00s, not to mention the rise of streetwear, has created a thriving market for much newer pieces.
The Bottom Line: As BoF's Chavie Lieber explored last week, the action is also rapidly moving online thanks to sites like 1stdibs and The RealReal. Even Sotheby's holds regular online fashion auctions these days.
SUNDAY READING
Professional Exclusives You May Have Missed:
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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.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.