In the bag: men’s version gaining market share
Following up on a story we reported previously, men’s bags are gaining in popularity and are a hot fashion statement.
GQ Magazine reports that men’s bags now generate nearly 25 percent of accessories growth in the United States. GQ noted that “the idea of a pouch that essentially functions as a clip-on vest in which to carry stuff—a mid-layer garment—has become a welcome addition to the men’s wardrobe. It isn’t merely that men seem to be driving design and sales shifts in the handbag market, though. The women’s luxury model has always relied on a blockbuster bag or two—an it-bag—to keep the rest of the brand afloat, but now some of the most exciting and weird stuff in accessories is happening in the men’s space.”
Trade war may lead to more counterfeit goods
CNBC is reporting that the trade war between the United States and China may lead to the proliferation of more counterfeit goods.
The report notes that Chinese nationals might increase the number of counterfeit goods as a way around tariffs. Additionally, trade groups fear tariffs could increase costs and drain resources available to fight illicit counterfeits, and they also caution that consumers may knowingly or unknowingly seek counterfeit goods as legitimate goods become more expensive.
Big retailers go big on sustainability
The phrase “go big or go home” is taking on new meaning in the fashion world.
Business of Fashion issued an article noting that a growing group of department stores and e-commerce sites are making sustainability a priority issue. Retailer Selfridges said 50 percent of their products will be better for people and the planet by 2022, and Farfetch recently hired its first head of sustainability.
Galeries Lafayette has started to spotlight products that meet certain environmentally or socially positive criteria, and Net-A-Porter is preparing to launch a series of sustainability initiatives later this year.