Rihanna—the only popstar whose wattage can hold a candle to Beyoncés, the most fashionable lady in the business this side of Janelle Monáe, and righter of retail wrongs—debuted her newest venture, a hyper-luxury fashion brand called Fenty.
As the high priestess of popular fashion reality always reminded us: in fashion, one day you’re in, the net day you’re out.
Well, preach on, Heidi, because denim—long presumed to be on the decline—seems to be back in, reappropriating some of the market share it lost to the athleisure movement’s moment in the sun.
It’s been a tough half decade for the GAP and things haven’t gotten better lately. JP Morgan recently downgraded them, and they have lowered earnings per share estimates by 12%. Owing to “operational issues” and inventory imbalance, the GAP brand (not to be confused with the Gap Band who keep on funking) has lost cultural cache and mindshare as its cookie-cutter stylings clash with current trends.
We like good news around these halls, but we don’t shy away from the bad. And for many legacy retailers, the news hasn’t been good for a long time. The third piece your humble blogger ever penned described Sears’ transition from pioneer to settler, the Toys R Us Kids must have grown up because they certainly stopped shopping there, and who even remembers that Circuit City was once a thing?
It's turning out to be quite the year for Rihanna. The singer, actress, and entrepreneur will soon release her ninth studio album, promised to be heavily influenced by reggae, recently co-starred in summer blockbuster Oceans 8, and—most pertinently for this business blog—has overseen the rise of a bonafide cosmetic behemoth, Fenty.