Express Files for US Bankruptcy Protection, to Close Over 100 Stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
Josh Luber
StockX Co-Founder Josh Luber Exits
The online sneaker platform’s most visible founder is leaving to launch another start-up, a year after the company hired former Stubhub and eBay executive Scott Cutler.
Introducing the #BoF500 Class of 2019
In advance of tonight's annual BoF 500 gala at Paris Fashion Week, The Business of Fashion is proud to reveal the latest members of the #BoF500, a community of people shaping the global fashion industry that grows stronger over time.
In StockX’s Crystal Ball: The Future of the Sneaker Market
This week, StockX became the world’s first billion-dollar sneaker reseller. BoF looks into the crystal ball of the company’s transactions data to unearth five trends on the direction of the fast-growing market for sneakers.
The BoF Podcast: StockX Co-Founder on Expanding from Streetwear to Luxury
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
News & Analysis
What Chanel Can Learn from Nike About the Resale Market
Chanel’s closely watched anti-counterfeiting battle with The RealReal is heating up. But fakes are clearly not the only thing troubling luxury brands about a fast-growing secondary market in which limited-edition Nikes sell for hefty mark-ups, while Chanel bags go for less than their original retail price.
What Chanel Can Learn from Nike About the Resale Market
Chanel’s closely watched anti-counterfeiting battle with The RealReal is heating up. But fakes are clearly not the only thing troubling luxury brands about a fast-growing secondary market in which limited-edition Nikes sell for hefty mark-ups, while Chanel bags go for less than their original retail price.
China’s Best-Selling Brands You’ve Never Heard Of
Brands like Uniqlo and Canada Goose are making bank in China, but humble homegrown alternatives were the real winners during this year’s Spring Festival shopping sprees.
StockX Opens Office in London and Plans Store
The three-year-old company that has quickly become the largest marketplace in the world is going after the UK’s $262 million sneaker resale market.
Inside VOICES 2018
The rise of big tech, the power of collaboration, a multifaceted understanding of the world and social activism were among the top topics at VOICES, BoF’s annual gathering for big thinkers.
Company Snapshot
The entrepreneur switched stocks for shoes, building the world’s first sneaker stock market which was valued at $1 billion this year.
The News in Brief
Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.