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.
Colombian designer Vargas, American designer Hudson, and apparel brand La Ligne were named Target’s latest designer partners Tuesday. The brands’ collections for the Minnesota-based mass retailer are set to roll out Oct. 9, with over 100 accessory and apparel items total priced between $8 and $70.
Target’s designer collaborations, which offer designer goods at a substantially lower price point, are always talked-about and much anticipated by the consumer. Recent years have seen the mass retailer partner with a number of designers or brands in a season, rather than one label in particular. Last year’s round-up included Victor Glemaud, Nili Lotan, Rachel Comey and Sandy Liang, while in 2020, it partnered with Christopher John Rogers and LoveShackFancy.
Learn more:
High-Low Collaborations Democratised Fashion. But What Did They Do For the Designers?
Target gave independent brands the opportunity to make some money and gain exposure. In the long term, however, the cheap-chic retailer is the real winner.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
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.