Shopping trends


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12 December 2020

The end of year is a time to look back and celebrate, right? Unfortunately, that is not the case with the end of this year, especially for the NYC retail and fashion industry. At the very least, those of us entrenched in the fashion world could celebrate this year being over, but there is no point even in that when 2021 is looking no more promising.

According to McKinsey Fashion Index, “companies will post approximately a 90% decline in economic profit in 2020”. In the meantime, small business and retail chains are closing their doors in NYC at much higher rates than anywhere else in the US. With both tourists and office workers gone, foot traffic in Manhattan is comparable to that in other cities where rent per square foot is much lower, which makes leaving NYC an easy choice for brands.

While the fashion industry pundits hail this upcoming year as a time for renewal and a time of progress during which “shopping will shift to digital, and consumers will continue to champion fairness and social justice,” the truth is it is a time for consolidation that will eliminate most small players and will concentrate purchasing power into the hands of few large ones like Amazon and Alibaba.

Where does this leave us and our love of sample sales?

Brands are putting focus (again) on the shift to a demand-focused model to survive these uncertain times. I have a suspicion that it is easier said than done, as we were talking about this same idea when I was in business school in the late 90s. Why is this relevant for us? While lovingly called “sample sales,” we all know that most of the merchandise at NYC sample sales come from excess inventory. As we doubt fashion brands will be able to quickly adapt to the new times and the supply-demand model, we think warehouses will continue to be full of unsold inventories in the near future. Especially after a decade of bargain shopping, a pandemic fueled all-time low consumer sentiment and the addition of an anti-consumerism ideology, we doubt that sample sales will go away any time soon.

In fact, our own sample sale whisperer, Ritu Bindra (a miracle woman), has seen an approximate 50% return to date of last year’s sample sale events. She told us that, “sample sales have returned, but mostly with the sale organizers. Most designers and brands are no longer holding sales themselves at their showrooms or stores.” The first to return was 260, followed much later by Soiffer Haskin, Clothingline, and Prive. Some brands such as Diptyque, TOCCA, and Bonpoint have opted this year for online sample sales at 260, which has become increasingly popular with socially distanced “bargain connoisseurs”.

So, will there be any NYC sample sales in 2021? Yes, but there is also the possibility that Miami and LA sample sales will become stronger competitors to the NYC ones as travel will take another 3-4 years to return to the 2019 levels. We think big players (like 260 and Soiffer Haskin) who are backed up by large (non-retail) companies will have a much better chance of surviving, leading to a reduced number of players in the field. We also predict that people will become increasingly used to online sample sales and will start comparing them to websites like RueLaLa and Gilt.

Only time will tell. But we’ve got our fingers crossed and rooting for our beloved sample sales, now and forever. Bring on 2021!

Image credit: IStockphoto by Getty Images



Posted by Mirela Gluck at 07:00 AM
Shopping News |


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7 February 2020

BERGDORF GOODMAN

Bottega Veneta Python Print Leather Coat
$7,950
Shop at: BergdorfGoodman.com

BERGDORF GOODMAN

Bottega Veneta Bonded Quilted-Leather Chain-Belted Coat
$9,720
Shop at: BergdorfGoodman.com

BERGDORF GOODMAN

Bottega Veneta Reversible Shearling Zip-Front Jacket
$6,700
Shop at: BergdorfGoodman.com

BERGDORF VS SAKS: WHAT COATS SELL THE MOST

BERGDORF GOODMAN

Stand Kristen Long Coat w/ Faux Fur
$445
Shop at: BergdorfGoodman.com

BERGDORF GOODMAN

Nicole Benisti Montaigne Shearling Puffer-Back Coat
$2,900
Shop at: BergdorfGoodman.com

BERGDORF GOODMAN

Maxmara Park Teddy Fleece Oversized Coat
$4,150
Shop at: BergdorfGoodman.com

SAKS FIFTH AVENUE

Sam. Decade Fox Fur-Trim Down Puffer
$725
Shop at: SaksFifthAvenue.com

SAKS FIFTH AVENUE

Canada Goose Mystique Fur-Trim Long Down Parka
$1,095
Shop at: SaksFifthAvenue.com

SAKS FIFTH AVENUE

Sam. Freestyle Down Puffer Jacket
$350
Shop at: SaksFifthAvenue.com

SAKS FIFTH AVENUE

Mackage Kay Fox Fur-Trim Down Jacket
$990
Shop at: SaksFifthAvenue.com

SAKS FIFTH AVENUE

Moncler Parana Lacquered Puffer Jacket
$1,675
Shop at: SaksFifthAvenue.com



Posted by Mirela Gluck at 02:05 PM
A SHOPPING , Shopping News , Shopping Trends |


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18 September 2019

Animal prints have long been popular and have been considered a wardrobe staple by many fashion lovers. I personally had not been a fan of the style until this fall when I could no longer ignore the ubiquitous trend. A week-long hunt for the perfect animal print item took me to several stores and culminated with the purchase of a silk skirt. I am sharing some of the items that caught my eye during the “hunt” with the hope that some of you might be also wild for the new trend.

RAILS

Rebel Cheetah Print Silk Shirt
$198.00
Shop at: Bloomingdales.com

JOIE

Corrin Leopard-Printed Silk Dress
$238.80 $398.00
Shop at: Bloomingdales.com

ONLINE SALE

Leopard-Pattern Cashmere Sweater
$158.40 $198.00
Shop at: Bloomingdales.com

ANIMAL PRINTS ARE TRENDING AGAIN

AQUA

Midi Slip Skirt
$68.00
Shop at: Bloomingdales.com

DOLCE & GABBANA

Leopard-Print Sleeveless Dress
$2,145.00
Shop at: SaksFifthAvenue.com

LES RÊVERIES

Snake-print silk crepe de chine midi dress
$605.00
Shop at: Net-a-porter.com

ALICE + OLIVIA

Jeanie Floral & Leopard Print Silk Blend Blouse
$295.00
Shop at: SaksFifthAvenue.com

PARKER

Chelo Zebra Stripe Blouse
$248.00
Shop at: SaksFifthAvenue.com

APPARIS

Ayesha Leopard-Print Faux Fur Bomber
$295.00
Shop at: SaksFifthAvenue.com

BANANA REPUBLIC

Snake Print Midi Slip Skirt
$38.99 $98.50
Shop at: BananaRepublic.gap.com

BANANA REPUBLIC

Leopard Print Top Coat
$229.00
Shop at: BananaRepublic.gap.com



Posted by Mirela Gluck at 06:45 AM
A SHOPPING , Shopping News , Shopping Trends |

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