Bain reports the luxury goods market retreated 2% in 2024. While recovery is expected next year, evidence in this year’s data suggests headwinds will continue in 2025.
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Nike Must Repair Its Reputation Before Financial Performance Recovers
Nike’s reputation tanked after its Olympic ad misfired. It also faces new challenges from XX-XY Athletics about supporting female athletes that has gone viral.
More Trouble For Gucci: Lawsuit Claims Unethical Animal Treatment In Supply Chain
A U.S. class-action lawsuit against Gucci claims exotic animals were abused for their skins and customers were deceived that its leather was ethically sourced.
Cowboy Boot Maker Tecovas Expands Its Retail Footprint Via Wholesale
Tecovas, the first digitally-native boot maker now with 42 stores and over $200 million in sales, is nearly doubling its footprint through wholesale partnerships.
Eloquii Collaborates To Bring Kate Spade Style To Plus-Sized Market
DTC plus-size women’s fashion brand Eloquii has collaborated with Kate Spade to translate its style aesthetic to plus sizes. Eloquii customers can’t get enough of it.
