Prada's earnings, Nike's NFT lawsuit and a conversation with Rent the Runway CEO Jennifer Hyman
On the Glossy Podcast, senior fashion reporter Danny Parisi and editor-in-chief Jill Manoff talk about some of the biggest fashion stories in the industry.
This week, we talk about Prada’s positive earnings, including the spectacular growth of Miu Miu and why so many other luxury brands are falling behind. We also talk about Nike being sued in a class action lawsuit over the shutdown of its NFT business, RTFKT — one of a number of lawsuits over the ill-fated technology.
Later in the episode (21:15), Manoff speaks with Rent the Runway co-founder and CEO Jennifer Hyman about her turnaround plan for the company. As the OG in the fashion rental space, Rent the Runway has had to contend with new competitors like Nuuly, which have swept into the rental space.
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1:05:59
Kering’s luxury slump, Louis Vuitton's price hikes and Another Tomorrow’s push for circular fashion
This week on the Glossy Podcast, senior fashion reporter Danny Parisi and international reporter Zofia Zwieglinska break down the latest in luxury earnings, pricing shifts and political pushback. Later in the episode, Zwieglinska speaks with Vanessa Barboni Hallik, founder and CEO of sustainable luxury fashion brand Another Tomorrow, about the brand’s physical retail expansion and its approach to digital product passports. Barboni Hallik also discussed brand opportunities to scale circularity, during a conversation about Earth Week.
In this week’s news segment, Parisi and Zwieglinska discuss Kering’s first-quarter earnings, which painted a concerning picture, with overall revenue down 14% and Gucci plunging 25%. They talk about the vulnerability of conglomerates overly reliant on a single label and the way macroeconomic tension between the U.S. and China is complicating luxury’s recovery.
In other news, Louis Vuitton quietly raised its U.S. prices by nearly 5%, a move likely linked to tariffs and growing production costs. And, amid the U.S. administration’s ongoing efforts to dismantle DEI initiatives, major corporations and fashion brands are responding in different ways. While Target rolled back its diversity programs and saw 11 weeks of consecutive declines in foot traffic, companies like Levi’s and Costco have stood firm on their initiatives — and in some cases, benefited from doing so.
Stories mentioned in this episode
Fashion Briefing: Fashion brands are feeling the immediate impact of plummeting international travel to the US
Hermès price hike sets stage for American tourist boom in Europe
Earth Week
Activewear brands are scrambling to clean up in America’s age of health anxiety
Why brands like Blueland and Faherty are turning to sustainability activists for collaborations
Beauty & Wellness Briefing: The sustainability roadblocks impacting top brands today
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1:06:29
The trade war goes viral, a lawsuit against Revolve, and the WNBA draft with stylist Brittany Hampton
This week on the Glossy Podcast, senior fashion reporter Danny Parisi and international reporter Zofia Zwieglinska break down some of the biggest news of the week. And later in the episode, Glossy editor-in-chief Jill Manoff talks with Brittany Hampton (23:00), a stylist who dressed the No. 1 draft pick, Paige Bueckers, for this week’s WNBA draft.
In this week's news, we discuss a class action lawsuit against the fashion brand Revolve, alleging that the company has paid and gifted influencers for undisclosed sponsorships, which allegedly violates FTC rules on the matter. We also talk about the viral videos going around from inside Chinese factories and suppliers urging customers to buy luxury goods straight from them to avoid tariff price hikes.
Lastly, we discuss how the WNBA blew up last year, reaching its highest viewership levels ever in 2024. This year, the viewership of the WNBA draft remained at record levels. Fashion brands like Coach, Sergio Hudson and Louis Vuitton were all present at the event as the WNBA and its players continue to evolve into fashion mainstays.
Brittany Hampton has styled a number of players over the last few years, often starting to work with them while they’re still in college. But her closest client relationship is with Paige Bueckers, the UConn athlete who was the No. 1 pick at the draft this week.
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52:12
The tariff chaos, Prada's Versace acquisition, and the state of the department store
On this week’s episode of the Glossy Podcast, senior fashion reporter Danny Parisi and international reporter Zofia Zwieglinska discuss two big news stories: the tariffs' last-minute delay and the impact on the fashion industry, and Prada’s acquisition of Versace (16:44).
Later in the episode, we’re joined by Glossy editor-in-chief Jill Manoff for a roundtable discussion on the state of the department store (23:55). We cover everything from the graveyard of department stores that have closed — like Barneys and Henri Bendel — to the reasons European department stores have thrived while their American counterparts haven’t. We also touch on Saks Fifth Avenue’s notorious delay of vendor payments and brands and retailers' evolving relationship.
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58:18
Tariffs, TikTok and CaaStle fraud; and Printemps CEO Jean-Marc Bellaiche on the new NYC store
On this week’s episode of the Glossy Podcast, senior fashion reporter Danny Parisi and international correspondent Zofia Zwieglinska discuss the biggest news of the week: tariffs. The turmoil caused by the Trump administration’s new tariff plans has already upended the industry. Later, we talk about the looming deadline for TikTok’s potential sale to a U.S. entity to avoid a ban and allegations that the founder of fashion rental platform Caastle defrauded investors.
Later in the episode, editor-in-chief Jill Manoff talks with Jean-Marc Bellaiche, the CEO of French high-end department store chain Printemps (19:27). They discuss the company’s newest store opened in New York City, the state of the department store globally and the playbook for international brands looking to expand into the U.S.
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