The fast fashion concept is backed by two such fundamentally "good" ideas that it seems only natural that the retailers that put the model into practice are consistently coming out on top in terms of revenue. A product of its times, fast fashion taps into its millennial core audience’s two favorite things: frequent novelty and affordability, allowing it to wreak havoc on the traditional model of mass market retailing and even on high fashion, as well. To date, houses like Chanel and Hermès – which both recently cut their individual profit forecasts – have largely weathered the crisis in the global luxury goods industry, but now, even they are coming within the line of fire. Fast fashion brands, on the other hand, continue to report noteworthy growth.
Here are some of the other articles you may have missed this week ...
1. Court Hands Preliminary Victory to Luxottica in Counterfeit Eyewear Case: This may be the first instance in which a court has recognized the potential contributory liability of a landlord entity that isn't also the flea market owner/operator.
2. Can Ivanka Trump's Brand Withstand Her Father’s Campaign? Ivanka Trump has emerged as one of the most striking figures in her father Donald Trump’s political campaign, but will that cause her personal brand to suffer?
3. Kate Spade Turns Kate Valentine, Demonstrates the Risks of the Personal Brand Name: Designer Kate Spade is the latest to lose the right to use her name. So, she changed it.
4. Devoid of Famous Faces and Collabs, Zara Shuns Celebrities for Speed: While its competitors are rolling out high fashion collaborations and celebrity-fronted campaigns, Spanish fast fashion giant, Zara, proves it does not need to gimmicks to remain on top.
5. The Evolution of Fast Fashion: Just as Fast but Not Quite as Cheap. Why are prices among fast fashion retailers, such as Forever 21, Topshop or Zara, on the rise?
6. Retro Read: Bob Dylan Sues Apple over "Dylan" Trademark. In light of Bob Dylan’s Nobel Prize award, a look back at one of the folk legend's IP battles.
7. Alibaba at Center of Yet Another Counterfeiting Controversy: Is the Chinese e-commerce giant all talk when it comes to fighting fakes?
8. U.S. Supreme Court Grapples with Apple-Samsung iPhone Patent Feud: The U.S. Supreme Court on Tuesday signaled a willingness to reduce the potentially huge penalties imposed for ripping off a patented design as it heard arguments in the legal fight over the amount Samsung should pay Apple for copying the iPhone's distinctive appearance.