Luxury Resale Is Growing Faster Than Primary Luxury Market

A new report from the Boston Consulting Group details that the luxury resale market is expected to grow at a faster rate than the primary luxury goods market. According to The Fashion Law who first reported on the study, luxury resale expects a 12 percent average growth rate through 2021, as well as a nine percent share of the personal luxury goods market. This level of growth would outshine the primary luxury goods market that’s expected to grow at an average rate of three percent.

The survey states that 50 percent of customers in the US that have purchased a luxury item within the past year have also participated in the luxury luxury market. It also notes that “secondhand sellers typically use resale to regain some of the money they spent on firsthand purchases—often so they can reinvest in new, full-priced luxury products.”

Analysts who worked on the survey conclude that this is actually “a powerful opportunity” luxury brand consumer bases because they have the chance to convert resale consumers to the primary resale market. Boston Consulting Group’s study found that 44 percent of consumers surveyed said they purchase “more-expensive luxury items than they would have bought without a resale market.”

Along the same lines, Bloomberg’s Sarah Halzack and Andrea Felsted also argue that higher access to reselling platforms could actually encourage younger consumers to take the plunge and purchase primary luxury goods instead of resale. “Say you’re considering a classic Balenciaga City bag for about $2,000 USD. Is it worth the investment? A scroll around The RealReal shows that you might be able to resell it for about $600.” They note that this could be “exactly the kind of assurance a first-time millennial or Generation Z luxury buyer needs to take the plunge on a pricey accessory.”

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SOURCE THE FASHION LAW

UNIQLO UT Enlists Artist Yoon Hyup for Mickey Mouse Apparel Collaboration

Following its ‘Sailor Moon Eternal’ t-shirt collection, UNIQLO UT now enlists New York-based artist Yoon Hyup to design an apparel capsule inspired by Disney’s Mickey and Minnie Mouse characters. Hyup’s signature line and dot artworks adorn the graphics-packed assemblage spanning hoodies, sweatshirts and tees in men’s, women’s, and kids sizes. Highlights include a black crewneck sweatshirt with white graphics of several Disney characters across the chest portion as well as a heather grey tee with an abstract interpretation of Mickey.

View the collaboration above and expect the capsule to launch at UNIQLO stores stateside on August 26.

Source: HypeBeast

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Most Successful U.S. Fashion Brands Include Nike, Polo Ralph Lauren & Vans

Culture and lifestyle news site 24/7 Tempo has released a list of the most successful U.S. fashion brands, which names Converse, Nike, Polo Ralph Lauren, Vans and Levi’s among the top 20 companies included. The list is mainly based on statistics measuring brand longevity, name recognition, foot traffic, store count and revenue.

Of the three footwear companies that made the list, Converse ranks behind Vans and Nike at number 19. Founded in 1908, the iconic American footwear brand first gained fame thanks to its basketball-turned-lifestyle sneaker, the Chuck Taylor All Star. Today, Converse brings in around $1.9 billion in revenue for parent company Nike Inc. and has 172 stores worldwide.

California skate company Vans precedes Converse at number 14 thanks to its beloved, durable skate shoes like the iconic Vans Era. Vans was founded in 1966 and currently operates under its parent company, V.F. Corporation. The brand continues to be known for its collaborations with TV/movie franchises, artists, skaters and more, including a new silhouette with OG skater Anthony Van Engelen.

Polo Ralph Lauren is the only branch of Ralph Lauren’s clothing empire to make the list, coming in at number 11. Founded in 1967 and still owned by Ralph Lauren Corporation, Polo continues to see success in today’s market likely due to its nostalgic revivals of classic products. Most recently, Ralph Lauren has joined a global group of top fashion labels to fight the good fight against climate change.

Coming in at number 10 is denim mainstay Levi’s. Founded in 1853 and still owned by Levi Strauss & Co., Levi’s currently boasts 854 stores worldwide and $5.57 billion revenue. In addition to remaining popular through quality product and name recognition, Levi’s has also facilitated many sought-after collaborations over the years, including a recent pair of denim Air Force 1s with Nike and a capsule collection with Heron Preston.

Following its ranking as 8th healthiest company in the world, Nike has just made the list at number 7 on the most successful American fashion brands list. Originally known as Blue Ribbon Sports, the retailer got its start distributing sneakers for Japanese brand Onitsuka Tiger in 1964. Still owned by Nike Inc., the company rings in around $37.2 billion in revenue and maintains 951 stores worldwide.

Source:HypeBeast

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OAMC Polly Shirt Jacket With All-Over Flower Print

OAMC has just dropped a mid-weight padded jacket that is the perfect for the coming months ahead. The silk close-weave Polly Shirt Jacket sees light padding for warmth but is cut in a pattern that resembles a shirt.

The Polly Shirt Jacket continues on with button cuffs, touch-fastening side pockets, a spread collar, and is constructed from 100% silk. The main feature of the jacket can be seen all across the front and back, as OAMC’s “Yellow Flower” graphic makes its way on the surface of the jacket in great detail.

Those interested can find the OAMC Polly Shirt Jacket over at LN-CC for a price of €2,290 EUR (approximately $2,575 USD).

Source: HypeBeast

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YUKI HASHIMOTO SS20 WORKWEAR COLLECTION

After the debut of its Spring/Summer 2019 collection, Japan’s up-and-coming brand YUKI HASHIMOTO returns with a lookbook for Spring/Summer 2020. Pursuing a “New Order” that respects the history and culture of fashion while designing pieces that go beyond current trends, “Y27=F2RM7LA” includes experimental, workwear-inspired items along with a variety of sleek leather bags.

T-shirts take on neon-colored stitching, black and white-colored blocks cover the knees of pants and graphics, created by photographer Kazuhito Ishikawa, are found on the backs of T-shirts. The collection subverts conventional ideas of workwear with quirky details that include ties placed on the arms of shirts instead of the fronts, half of a leather vest imposed on a trench coat and moto jacket collars fixed on tweed blazers. YUKI HASHIMOTO also worked in collaboration with KITAYAMA STUDIO, a Beijing-based leather goods brand, to release a variety of bags. Styles include fanny packs, top-handle and over-the-shoulder bags — all in white, gray, black and orange colorways.

Yuki Hashimoto is a Japanese designer who worked as a design assistant for brands such as Raf Simons, Mason Margiela and Kris Van Assche. He draws inspiration from experiences that express raw and sometimes contradictory emotions; his colorful pieces take on dark tones, while mixing different materials and styles.

View YUKI HASHIMOTO’s Spring/Summer 2020 collection above and stay up to date with more of the brand’s releases on its online store.

Source: HypeBeast

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Burberry Releases SS19 Runway Zip-Up Shirt

Burberry has released one of its most iconic Spring/Summer 2019 runway pieces, the “WHY DID THEY KILL BAMBI?” deer-print shirt.

The Riccardo Tisci-designed piece is steeped in history and references. The printed phrase takes after more than just one pool of inspiration, as it looks to the lyrics of the Sex Pistols’ 1979 song “Who Killed Bambi?” — which was incidentally co-written by Vivienne Westwood, who soon went on to collaborate with Tisci at Burberry — as well as Tisci’s time as the head of Givenchy, which delivered a number of iconic Bambi-adorned pieces. The print also nods to the fact that Burberry said it would no longer use fur in its future collections.

Burberry’s short-sleeve offering is made from cotton twill and features a half-zip down the front using leather hardware. The boxy fit is complemented by two box-shaped chest pockets, and on the rear, Burberry has added two pictures of a porcelain deer.

Take a closer look at this SS19 runway piece from Burberry in the gallery above, and pick it up for yourself from retailers such as MATCHESFASHION.COM for $903 USD.

Source: HypeBeast

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