Hermes

Luxury Brands are Shifting into Sneaker Resell Establishing the Importance of the Once “Niche” Market

Chris Burns24 mins

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While details of the deal were not disclosed, the partnership will help expand Stadium Goods, the streetwear and sneaker resale store and e-commerce site that’s grown quickly over the past two years. Jed Stiller and John McPheters founded StadiumGoods.com and opened its SoHo shop in October 2015. Stiller previously worked in hospitality and was a partner…

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Insider Ties: Starting a Lux Brand Now Will Be Rough

Chris Burns04 mins

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New signs of a slowdown in high-end spending are emerging as two luxury leaders — Hermes and Richemont — forecast slower sales or smaller profits. Source: Luxury stocks slump amid growing signs of spending slowdown Tod’s SpA is adjusting after a huge slow down: http://footwearnews.com/2016/business/earnings/tods-first-half-new-strategy-shoes-257107/ It’s not just Tod’s. Tod’s has even gone the route of adding…

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