Shein’s New Rival, Plus Prada’s Dark Fairy Tale

Diesel's Gen-Z Momentum, The Problem With Barneys New York Beauty

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, SEPTEMBER 23, 2022 Chinese e-commerce giant Pinduoduo's new US fast fashion venture, Temu, is climbing the app charts. BoF breaks down what it must do to challenge Shein. At Prada, Miuccia Prada and Raf Simons put their own twist on the familiar, writes Tim Blanks. Designer handbag prices are rising, but that doesn't seem to be dampening consumption. Glenn Marten's Diesel is gaining traction with young and fashion-forward consumers. Barneys is missing some key ingredients that would help its new skin care line connect with consumers, writes Rachel Strugatz.

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RETAIL Shein's New Rival, Explained By Malique Morris

Pinduoduo is a giant in China but relatively unknown in America. It's looking to change that with a new app, Temu, that sells ultra-cheap clothing, with thousands of new items added daily. Sound familiar? READ MORE

FASHION WEEK A Dark Fairy Tale at Prada By Tim Blanks

Can a piece of clothing carry the weight of an intensely personal vision? Miuccia Prada and Raf Simons would say a resounding yes. READ MORE

LUXURY Handbag Prices Are Skyrocketing. Who's Buying Them? | BoF Insights By Benjamin Schneider and Diana Lee

As Versace becomes the latest brand planning to hike its handbag prices, BoF Insights looks at the degree to which consumers' budgets accommodate these higher prices. READ MORE

LUXURY Can Diesel Repeat Its Y2K Success? By Lauren Sherman The designer-denim pioneer, now under the creative direction of Glenn Martens, continues to build momentum among the young and hot. READ MORE

BEAUTY The Problem With Barneys New York Beauty By Rachel Strugatz Barneys New York is getting back into beauty — but not as a retailer. But simply putting the Barneys logo on creams and serums may not be enough to convince consumers. READ MORE

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NEWS BRIEFS Hedge Fund Ancora Seeks Ouster of Kohl's CEO, Chairman PVH Joins $250 Million Fashion Climate Fund Target to Hire 100,000 Holiday Workers, Offer Deals Earlier JD Sports Cautious on Outlook as Cost Pressures Weigh

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