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Nike Is Losing Its Competitive Edge

Nike delivered some coal to investors’ stockings in the second quarter 2024. The quarter ended November 30, so it includes a good chunk of holiday sales.Revenues advanced a mere 1% to $13.4 billion, and the company warned third-quarter revenues would be down slightly, suggesting it doesn’t expect a robust late-season holiday surge either.Given greater visibility […]

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Luxury Outlet Stores Are Booming, But Brands Take Risks Putting Goods On Sale

Gucci is celebrating the 70th anniversary of its iconic Horsebit hardware motif, introduced first on men’s loafers in 1953. It tapped the brand archives to host a museum exhibition at Milan Men’s Fashion Week this summer and recruited NewJeans’ Hanni, Halle Bailey, and Julia Garner as the face of a new campaign supporting the Horsebit […]

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After The Bondage Teddy-Bear Scandal, Balenciaga Still Has Work To Restore Its Reputation

Hollywood’s A-listers flocked to Balenciaga’s Fall 2024 fashion show last Saturday afternoon in Los Angeles, its first in the city. It was held on South Windsor Street with the iconic Hollywood sign in the background.Front row seats were claimed by Kim Kardashian, sister Kendall Jenner, Brooklyn Beckham, Vittoria Ceretti, Eva Longoria, Lil Wayne, Tracee Ellis […]

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Kering’s Plan To Restore Gucci To Former Glory: Will It Work?

Kering, owner of Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, and Alexander McQueen brands and the world’s second-largest luxury conglomerate after LVMH, reported very depressing results for the third quarter of 2023. With a 13% reported decline overall and a 9% comparable shortfall, revenues for the group dropped from $5.4 billion last year to $4.7 […]

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J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight

J.McLaughlin started as a men’s haberdashery shop on Manhattan’s Upper East Side in 1977. Opened by brothers Jay and Kevin McLaughlin, the store was designed to fit into its upscale neighborhood with classic men’s fashion that fit right in too.Originally, J.McLaughlin dressed men, but early on, women asked for the same fashion sensibility for themselves. […]

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