Searching for the Next Barneys

A Sceptic's Take on NFTs, Brands Rethink Fashion Week Plans

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, JANUARY 6, 2022 A new crop of entrepreneurs have ideas about how to recreate the magic of Barneys, Jeffrey and other much-missed luxury retailers. The fashion industry needs to take a more sceptical approach toward NFTs, even as big brands embrace the technology, argues The NPD Group's Matt Powell. Ahead of January's fashion weeks, brands are facing an increasingly familiar dilemma: whether to press ahead with in-person shows or scale back plans in response to rising Covid-19 infections.

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RETAIL Searching for the Next Barneys By Lauren Sherman

American luxury retail has changed, but customers are still hungry for the special feeling only an exceptional multi-brand store can offer. Can a crop of upstarts and a few savvy incumbents succeed where others have failed? READ MORE

TECHNOLOGY Op-Ed | Notes From an NFT Sceptic By Matt Powell

Nike, Adidas and other big brands have plunged headlong into the latest crypto craze. But companies and their customers may soon discover converting virtual fashion into real-world profits isn't so easy. Caveat emptor, warns The NPD Group's Matt Powell. READ MORE

FASHION WEEK Omicron Puts Fashion Week in Flux By Tamison O'Connor

The latest wave of Covid-19 has pushed Ann Demeulemeester, Brunello Cucinelli and Giorgio Armani to cancel shows. For others, however, the show must go on. READ MORE

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