1. Gwyneth Paltrow’s ’90s Style Is Back. That’s Good for Goop: G. Label perpetuates that aesthetic, and for the most part it appears to be working. While the Goop website sells many other established fashion brands, clothing from G.Label drove 45% of its fashion business year to date, up 25% from the same period last year. – Read More on the WSJ
2. Armani bounces back from pandemic as sales rise 34% in first half: “The goal is to return to pre-pandemic levels by 2022, with over 2 billion euros in direct consolidated revenues,” Chairman and CEO Giorgio Armani said on Sunday in a statement announcing 2020 results and the trend for January-June. – Read More on Reuters
3. The Olympics may be mired in controversy, but for U.S. advertisers, it’s business as usual. Dick’s Sporting Goods may have found the right balance with the opening ceremony spot that features a few Olympic nods, but it was created to have relevance beyond the Games, with a print ad running in the September issue of Vogue. – Read More on Fast Co.
4. Gen Z’s ‘nowstalgia’ for Y2K fashion is leading to a thrifting explosion: Iconic fashion trends of the early 2000s like bucket hats, low-rise jeans, and babydoll T-shirts are all having a resurgence among younger consumers. This vintage renaissance has also led to an explosion in thrifting among Gen Z, and a rise in sites that sell thrifted clothing like Depop and Poshmark. – Read More on NBC
5. Luxury products boom leads Koreans to luxury company stocks: “The luxury goods market is expected to increase further until at least next year,” said Yu Jung-hyun, an analyst at Daishin Securities. The size of global luxury market, which stood at about 1 trillion euros last year, is likely to reach 1.3 trillion euros in 2022. – Read More on Korea JoongAng Daily