THE CHEAT SHEET The Sneaker Market Perks Up Dior x Nike | Source: Courtesy On July 1, Dior will notify winners of an online raffle for the right to purchase Dior X Air Jordan 1 sneakers The much-anticipated release was delayed by three months due to the pandemic, as were many other high-profile sneakers Nike […]
Beauty Brands Get a Wake-Up Call. Will They Listen?
Welcome to BoF’s Beauty Newsletter, featuring members-only analysis and the week’s top news from the front lines of the global beauty business. Subscribe here. NEW YORK, United States — The beauty industry has made lots of noise about embracing inclusivity over the last few years. Brands from Covergirl to Dior have followed Fenty Beauty and introduced […]
Gucci Just Left the Fashion Calendar Behind. Who Will Follow?
THE CHEAT SHEET Gucci to Go Seasonless, Show Twice Per Year Backstage at Gucci Autumn/Winter 2019 | Source: INDIGITAL.TV “I will abandon the worn-out ritual of seasonalities and shows to regain a new cadence,” wrote designer Alessandro Michele in a diary entry posted to Gucci’s Instagram The Italian megabrand is planning a virtual press […]
Retailers, Pressured to Shutter Stores, Face a Moral Dilemma
LONDON, United Kingdom — One by one, the dominos fell. First, Patagonia announced on Friday that it would close its US stores, headquarters and temporarily shut down its online shop. The Ventura, Calif.-based outdoor retailer was swiftly followed by progressively marketed, direct-to-consumer brands Everlane and Reformation. By Wednesday, everyone from US department store Nordstrom to French […]
Safilo's Sales Hit After Losing LVMH Brands
MILAN, Italy — Italian eyewear maker Safilo said on Wednesday it expected the loss of licences with luxury LVMH brands to wipe €200 million ($220 million) off its annual sales and it would cancel its dividend for five years, sending its shares plunging almost 22 percent. The stock surrendered to profit taking after it gained […]