The Glossy Podcast
Week in Review: Brand closures, Capri earnings and summer trends
May 31, 2024
This podcast discusses challenges leading to fashion brand closures and Capri Holdings' disappointing earnings. They also explore upcoming summer trends in the fashion industry, from market struggles of Converse to current footwear trends and evolving consumer preferences.
30:42
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Quick takeaways
- Fashion brands facing closure due to funding challenges and reliance on wholesale partners.
- Capri Holdings' subpar earnings reflect challenges in luxury and fashion retail market, impacting all brands.
Deep dives
Recent Brand Closures Due to Financial Struggles
Several notable brands like Dion Lee and the vampire's wife are facing closure or bankruptcy. Factors like funding challenges and reliance on wholesale partners have contributed to this trend, signaling a tough time for fashion brands.
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