The Glossy Podcast Prada's earnings, Nike's NFT lawsuit and a conversation with Rent the Runway CEO Jennifer Hyman
May 2, 2025
Jennifer Hyman, co-founder and CEO of Rent the Runway, revolutionizes the fashion rental industry. She shares insights on her company's turnaround strategies amid rising competition and evolving consumer expectations. Hyman discusses the advantages of expanding inventory and personalized customer experiences. The podcast also dives into Prada’s recent success and the challenges faced by other luxury brands, as well as Nike's ongoing NFT lawsuit, showcasing the dynamic intersections between fashion, technology, and consumer engagement.
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Prada's Unique Luxury Success
- Prada's success stems from tapping into pop culture and influencers effectively.
- Their balanced regional growth and hot products differentiate them in a slow luxury market.
Creative Stability Drives Growth
- Lanvin's frequent creative director changes create instability and hinder growth.
- Lasting leadership, like Prada's, fosters stronger brand identities and success.
NFTs Face Legal and Market Challenges
- NFTs' legal classification as securities impacts lawsuits like Nike's.
- Fashion NFTs suffered from hype, regulatory ambiguity, and market collapse.