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 […]
Gap’s Deal with Kanye West Raises Questions About Postponed Telfar Collaboration
Telfar Clemens at the Gap collaboration in January | Source: Julien M. Hekimian/Getty Images for GAP NEW YORK, United States — Gap is embarking on a new longterm collaboration with Kanye West’s Yeezy line, agreeing to produce a co-branded collection starting in 2021. But pre-pandemic, Gap had other collaboration plans in the work for this […]
Macy's to Cut 3,900 Jobs to Help Counter Covid-19 Losses
CINCINNATI, United States — Macy’s Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the Covid-19 pandemic. The department store chain, which had about 123,000 employees at the end of January, said it expects to […]
How Fashion Is Redesigned Itself in Lockdown
NEW YORK, United States — Fashion executives have spent the lockdown figuring out how to sell their products online. They’re learning lessons that may shape the retail trade even as America’s shopping malls reopen. That’s just one of the abrupt changes forced on an industry highly attuned to shifting trends. Here’s another: If customers are more […]
#BoFLIVE: The Future of Wholesale
NEW YORK, United States — Well before the pandemic hit, multi-brand retailers, and the designers who partner with them, were already grappling with the direct-to-consumer boom and growing importance of e-commerce. However, the business of wholesale — or selling your product to a third party, like a department store, to distribute — is not a […]