Cartoon boots are not typically thought of as a fashion trend. However, no one told MSCHF when the art collective designed the latest fashion statement to hit the streets. These big red boots are on the feet of NBA stars, music producers and supermodels alike. Read More on Red Hot: The loudest statement to hit the fashion world in 2023
Brought back from the grave as a fashionable alternative to the N95 mask of pandemic times, the balaclava has visibly impacted the fashion industry. Experiencing a renaissance, with examples found in everything from pop culture to high fashion, balaclavas provide a shade of anonymity to the wearer in an environment of shrinking privacy. Read More on Finding Stylish Anonymity in the Information Age
Bain & Company’s study suggests luxury retail has become more recession-resilient due to an expanding base of high-income customers, a heightened customer-centric approach and cultivating an appeal to a younger demographic. Despite this, other reports suggest luxury spending could start to decline. Read More on How Luxury Retail Is Becoming More Recession-Resistant
As San Francisco’s downtown dynamics continue to shift, more retailers find maintaining success increasingly difficult. Nordstrom’s decision to close its Westfield Mall store indicates the broader challenges retailers face in urban areas nationwide. Consequently, how are changing work patterns and social issues disrupting traditional retail models? Read More on San Francisco Retail Exodus Continues
Early indications suggest luxury brands may be in for disappointment as we inch further into 2023, while businesses that favor the masses may do better. The global economy is struggling, and luxury brands that depend upon the expenditures of the affluent will share in their pain. Is more of the same or worse headed for luxury brands? Read More on Luxury Brands Face A Richcession
Luxury brands meet consumers wherever they are in the digital world, whether through mobile, marketplaces, social shopping or e-commerce. Personalized SMS marketing also helps form lasting, loyal relationships. Discover how luxury brands adapt to meet customers’ needs, creating loyal luxury customers across income brackets and expanding markets. Read More on One Thing Millennials are not killing? Luxury Brands
Artificial intelligence is revolutionizing marketing. New technologies, like machine learning and natural language processing, are already being used by retail businesses to develop content that closely resembles what a person would create. This shift is empowering organizations to develop more effective and efficient marketing strategies. Read More on How AI Advancements Transform Retail Marketing
While retail experts initially saw last year’s SPARC merger as a last gasp at reviving dying malls, Simon Properties Group’s recent acquisition of Jamestown suggests it recognizes this challenge — and might have a solution! Despite traditional malls’ struggles, SPG envisions a future of reimagined malls transformed into mixed-use lifestyle centers. Read More on Simon Properties Group Acquisition and the Future of Malls
As the retail world slowly emerges from its post-pandemic haze, it seems as if this year’s holiday shopping season is kicking off earlier than ever. Although the calendar hasn’t even reached Halloween, retailers are already putting their holiday merchandise out and targeting early shoppers with deals. Read More on No Retail Playbook for the Holiday Shopping Season Ahead
With many malls across the United States finally beginning to bounce back from the pandemic-prompted downturn, experts are wondering whether American malls have nine lives. Between economic challenges and changes in consumer behavior, experts are predicting how malls can reclaim their influence in the retail sector. Read More on Do Malls Have Nine Lives?