The Future of American Department Stores

How Deep Will Luxury's Downturn Go?; Veronica Beard Partners With the NFL

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WHAT YOU NEED TO KNOW TODAY: MONDAY, OCTOBER 21, 2024 Bloomingdale's CEO Olivier Bron opened up about his plans to grow the American department store chain. The revamped and rebranded Art Basel Paris was a magnet for fashion partnerships. The NFL is releasing a collection of blazers with Veronica Beard, its first major womenswear partnership. This week, Kering, Hermès and Zegna results will offer further insights on the luxury slowdown. Jacquemus opened its first international store in New York's SoHo neighbourhood on Friday.

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RETAIL Bloomingdale's CEO on the Future of American Department Stores By Cathaleen Chen

In an interview, Olivier Bron explains how the ailing format doesn't have to reinvent itself to survive. But retailers do need to give customers a more exciting experience, and be better partners to brands. READ MORE

LUXURY In Paris, Fashion Is Betting on Art Basel's Big Bang By Dan Thawley

Miu Miu, Chanel, Louis Vuitton and more have dialled up their activities around a revamped Paris art week. The event provides a window into where global creativity is headed—as well as insight to the tastes and spending habits of the world's wealthiest culturati, Dan Thawley reports. READ MORE

MARKETING The NFL Makes a Play for Women's Fashion By Joan Kennedy After a Taylor Swift-related surge in viewership last season, the NFL is partnering with New York-based Veronica Beard to capitalise on the fashion opportunity. READ MORE

LUXURY This Week: How Deep Will Luxury's Downturn Go? By Robert Williams Following LVMH's sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector. READ MORE

LUXURY Opening Day at Jacquemus' First US Boutique By Joan Kennedy The Paris-based independent brand, known for its eye-popping marketing stunts, playful bags and dramatic runway shows, was met with a massive crowd at the ribbon cutting for its first stateside store in New York's SoHo. READ MORE

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Armani Beauty's Hiromi Ueda on Utilising Creative Expression for Commercial Success "Creativity is crucial for engaging with consumers. Despite access to global influence and trends, staying true to yourself and believing in what you like — that's the most amazing thing for your creativity," Hiromi Ueda, global makeup artist at Armani Beauty and one of this year's inductees into the BoF 500 tells BoF. "It's vital to showcase what you can do and emotionally resonate with your consumer through your core values. It allows you to stand out in a crowded market like ours." For its 11th year, BoF gathered its global community of the most influential figures in fashion at the Shangri-La Hotel in Paris in September. This year, attendees of the BoF 500 Gala were a global community hailing from more than 35 countries, including Nigerian Afrobeats superstar Wizkid who performed on the night. Now, BoF sits down with Ueda to hear how she utilises creativity, pushing the boundaries of the beauty industry. READ MORE

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