VF is selling Supreme to EssilorLuxottica for $1.5 billion, far less than it paid in 2020. Since then, Supreme has fallen hard in the fast-paced streetwear business.
Gucci’s Transformation Has Begun, Despite A 20% Drop In Sales
While Gucci’s sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth.
Conspicuous Consumption Is Back: Navigating Millennial Status Motivation For Luxury Brands
A new survey finds affluent Millennials are keen to purchase luxury goods for the status they confer, calling on luxury brands to embrace their customers’ status needs.
Forced Labor Is Systemic In Luxury Industry Supply Chains: Analysis And Solutions
Dior and Giorgio Armani are among the world’s most reputable companies, ranking in RepTrak’s Top 100 global brand reputation index. So it was a surprise to see these most reputable of companies acted so disreputably when it comes to their supply chain.
Forget Omnichannel Retail, Think Unified Commerce
Retailers need to recognize that unified commerce is more than just a shiny, new phrase to describe omnichannel retail. Realizing its full potential and implementing it across the entire organization requires a completely new mindset. Yes, its goal is to deliver a unified customer experience across channels, i.e., an omnichannel customer experience, but it achieves […]
