Rethinking Luxury’s Relationship With Black Consumers

Betting on Sustainability Start-Ups, Resale Needs Fixing

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WHAT YOU NEED TO KNOW TODAY: MONDAY, AUGUST 15, 2022 Luxury brands have made inroads with Black consumers, but must do more to build an authentic connection. Fashion companies from H&M to Kering to Stella McCartney are betting on sustainability start-ups. Eileen Fisher named Patagonia executive Lisa Williams to succeed the brand's founder as CEO. Resale platforms must find a way to connect buyers and sellers more efficiently if they ever hope to consistently turn a profit. BoF Professional analysis now unlocked for non-members: The red-hot sneaker resale market is showing signs of cooling off, but the category's biggest players are betting on years more of rapid growth.

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LUXURY Rethinking Luxury's Relationship With Black Consumers By Sheena Butler-Young, Tamison O'Connor and Lauren Sherman

Black Americans have long been avid buyers of high-end goods. Now their expectations are shifting, with important implications for brands. READ MORE

SUSTAINABILITY The Start-Ups Fashion Is Still Willing to Bet On By Sarah Kent

A grim economic climate has tempered enthusiasm for risky investments, but fashion companies and executives like H&M, Kering and Stella McCartney still see opportunity in start-ups pursuing sustainability solutions. READ MORE

RETAIL The Race to Fix Resale By Brian Baskin

Resale platforms are making their best case for a path to profitability. Plus, your calendar for the coming week's most important events. READ MORE

RETAIL What Happens After Sneaker Resale Prices Peak? By Marc Bain and Daniel-Yaw Miller The value of hyped shoes on the aftermarket has fallen in recent months, raising questions about whether it's a momentary stumble or a sign that the category is losing steam. READ MORE

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NEWS BRIEFS Eileen Fisher Names Patagonia Executive to Succeed Founder as CEO

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Explore Opportunities at Maison Margiela Maison Margiela are looking for a Chief Accounting Officer, a Buyer, a Digital Media Manager and an Ecommerce Intern among others, at their headquarters in Paris — a converted 18th century convent in the 11th arrondissement. Founded in 1988 by Belgian designer Martin Margiela and under the creative direction of John Galliano since 2014, the maison creates haute couture, women's and men's ready-to-wear, leather goods, footwear, fine jewellery, fragrances, interior design and MM6, its contemporary line.  VIEW JOBS

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