Ahead of the cozy sitcom's fourth installment, I imagined six characters of Hulu's "Only Murders in the Building" as fragrances for WWD, including Selena Gomez's Mabel Mora and Steve Martin's Charles-Haden Savage (CK One, obviously). https://lnkd.in/e9bNcgkj
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The first in fashion. For more than 100 years, WWD has been the media of record -- and the industry voice of authority -- for senior executives in the global women's and men's fashion, retail and beauty communities and the consumer media that cover the market. Follow WWD for the latest in fashion, beauty and retail news. Subscribe today at wwd.com/subscription.
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Updates
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Though a lot can happen around the world in the weeks leading up to Christmas, right now industry expectations for 2024 holiday sales gains are modest, at 2 to 3 percent. Consumers, beset by inflation and lower savings and weighed down by presidential politics and wars overseas, are as choosey as ever and holding back on purchasing. Most discretionary product categories are weak, and the back-to-school season hasn’t been much of a winner. The U.S. unemployment rate is 4.3 percent, about a point higher than a year ago due to a slowdown in hiring and the larger labor pool. And retailers are on edge over a potential longshoreman strike that could disrupt shipments on the East Coast. Also, the calendar isn’t favorable for retailers, with only 27 days for shopping from Thanksgiving to the day before Christmas — the fewest since 2019 — compared to 32 last year. But that may not be as bad as it sounds. Read why at WWD.com: https://lnkd.in/ehxD-8Ef
Shoppers Are Expected to Only Slightly Increase Spending for the 2024 Holiday Season
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Are steep prices for designer fashions and luxury streetwear starting to come down to earth? Retailers are cheering that a clutch of menswear brands came to market for spring 2025 with lower tags at a time when many aspirational customers are being squeezed out of the market. “Brands are now more cautious and reviewing their pricing strategy, especially given inflation,” said Alice Feillard, men’s buying director at Galeries Lafayette in Paris. “Many brands have stabilized or lowered prices between fall 2024 and spring 2025.” In her view, it’s a smart move, given the need to target mainly local customers impacted by economic uncertainty. Read more on WWD.com: https://lnkd.in/eEmw647C
Retailers Cheer More Forgiving Prices for Designer Menswear
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The second half is when dreams are made in retail. The extended back-to-school season and the big run up to the holiday season power the industry and can make up for the leaner months earlier in the year. But hopes are muted this time through as consumers navigate an economy that — outside of inflation that is finally cooling off — is stacked against them. “Job growth is slowing. It’s not ending, but it’s slowing,” said Scott Hoyt, senior director of economic research at Moody's Analytics. “Most analysts, including ourselves, think that markets are potentially overvalued. House prices are high, so prospects for further growth and wealth are less than what we’ve seen recently. Read more on WWD.com: https://lnkd.in/eVQ6x2FU
The Second-half Retail Economy Will Feel Like 2019 Again — but Not in a Good Way
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kate spade new york is expanding its philanthropic efforts in a major way with its fall 2024 campaign. The fashion and accessories brand will unveil a fall 2024 campaign Monday that features actresses Nicola Coughlan, Taraji P. Henson and Marsai Martin, who appear in a short film that debuts Kate Spade New York’s new Global Fund for Women’s Mental Health, a social impact initiative that advocates and invests in mental health resources. “A campaign like this is so fun and beautiful and joyful, but the fact that it’s going to have a real social impact is so huge and so important,” Coughlan said. “It’s that core belief that good mental health is the foundation to women’s empowerment and being part of this initiative allows me to contribute to a cause that’s incredibly significant. It’s really important for me to stand up and make sure that the work I do — it’s lovely if it brings people joy, but if I can make a bit of a difference in peoples’ lives and work with organizations that can help people, it’s a lovely thing.” Read more on WWD.com: https://lnkd.in/eVgKS5ja
EXCLUSIVE: Kate Spade New York Launches Global Fund for Women’s Mental Health With Fall 2024 Campaign
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It’s not yet game over in the City of Lights. On Wednesday evening, the Paris 2024 Paralympic Games will open with “Paradoxe,” a show that will take place on the Champs-Elysées and Place de la Concorde. Some 150 dancers, including some with disabilities, will take part in the performance imagined with Swedish ballet dancer and choreographer Alexander Ekman. In keeping with the previous two Olympic ceremonies this summer in Paris, where independent designers scored big, Thomas Jolly, who is the artistic director of Paris 2024, and styling and costumes director Daphné Bürki called on Louis Gabriel Nouchi for the event’s 700-plus costumes. Read more here : https://lnkd.in/eiumxEDH
Louis-Gabriel Nouchi Designs Costumes of 2024 Paris Paralympics Opening Ceremony
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Saks Fifth Avenue is enhancing its jewelry department with a new collection. The retailer is introducing its first high jewelry collection on Monday, offering more than 200 pieces across jewelry categories. The collection is meant to offer a highly personalized experience where shoppers can purchase from the collection and create their own unique pieces. “Saks Fifth Avenue has long been recognized as a premier destination for jewelry, and this collection reflects our dedication to delivering exceptional quality and inspiring shopping experiences to our customers,” said Tracy Margolies, chief merchandising officer at Saks Fifth Avenue. “We are committed to helping our customers express themselves through luxury, and that commitment was the driving force behind our bespoke services and our focus on customers’ choice for this collection.” Read more here : https://lnkd.in/eHfhs6pU
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Take a trip through time with the WWD archives, a treasure trove of the most fascinating moments in fashion, beauty, culture and beyond. Trends may come, go and come back again, but the pages of WWD have never gone out of style as a trusted source to the fashion industry, covering some of the most compelling news stories for more than 100 years. Fashion has the ability to inform, reshape and, perhaps most importantly, inspire. In the spirit of keeping inspiration alive, here is a nostalgic look back at the archives from On This Day in fashion history. Read more here : https://lnkd.in/eMQ56M9h
On This Day in WWD: Disco Dominates at Saint-Tropez’s Club Le Voom Voom
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Fashion is tiptoeing into the second half — wary of a shaky consumer, an uncertain election, slowness in China and more. But at least some dealmakers think it’s coming time — soon — to see a little bit more of a strut from the industry, with the expected interest rate cut potentially accelerating mergers and acquisitions. “I’m actually quite enthusiastic for the second half, and more bullish today where I sit than I have been in a while,” said investment banker David Shiffman, head of the consumer retail group at Solomon Partners, who said the market is “forward looking.” “It appears that we’re in for a few [interest] rate cuts. We will play through the election, irrespective of what side of the aisle you’re on. But that will be known.” Read more here : https://lnkd.in/ezNPhsWA
Dealmakers Say There Is Growing Potential for a Fashion M&A Boom
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In April, the Federal Trade Commission — which hasn’t seriously disrupted a fashion deal in a generation or more — rediscovered the industry and put its foot down, suing to put a stop to Tapestry Inc.’s $8.5 billion deal to buy Capri Holdings Limited. This fall, fashion will get a sense of whether regulators can make that challenge stick. The FTC, which voted 5-0 to file suit against the deal, said the buyout would “eliminate direct head-to-head competition” between Tapestry’s brand portfolio of Coach, kate spade new york and Stuart Weitzman and Capri’s Michael Kors, Versace and Jimmy Choo. Read more here : https://lnkd.in/evCSSW5x
What to Watch: Fashion Comes Under the Antitrust Microscope
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