Spring 2020 Fashion Shows + News Discussion

TL;DR

Fashion guru discusses the key trends from the Spring/Summer 2020 collections, the bankruptcy of Forever 21, and the potential of rental services in the fashion industry.

Transcript

hey hey party people man kinda my new video schedule is as follows new video every first Tuesday of the month 6 p.m. Pacific time and a new livestream every third Tuesday of the months 6 p.m. Pacific time and I know today is not the first Tuesday I missed uh but ignore that game first and third Tuesday of the month that's the schedule until I finis... Read More

Key Insights

• 🛀 Fashion shows reflected a shift towards more wearable and tonal collections, possibly indicating anticipation for a global economic downturn.
• 🥰 The 80s made a comeback with trends like tacky florals, plaid, and longer hemlines, while power dressing and deep V with turtlenecks were also observed.
• 🪡 The bankruptcy of Forever 21 highlights the importance of brand image and the need for companies to adapt to changing consumer preferences.
• 🐕‍🦺 Rental services, such as Rent the Runway, offer a more sustainable option for fashion enthusiasts, but the success of such services relies on effective supply chain management.
• 🎨 Companies in the fashion industry need a balanced focus on design, production coordination, and sales to ensure sustainable growth.
• 🧑‍💻 The fashion industry's merger with technology brings both opportunities and challenges, requiring a balance of fashion and tech expertise.
• 🥰 Fast growth can lead to challenges, as seen with companies like Rent the Runway and third love, emphasizing the importance of sustainable and ethical growth strategies.

Questions & Answers

Q: How does the fashion calendar work?

Designers show their spring collections in the fall, wholesale buyers place orders, then design houses produce and ship the goods in late winter or early spring. Stores will stock items according to their own schedules.

Q: What were the main trends observed in the Spring/Summer 2020 collections?

The collections showcased a lot of blue, including various shades beyond denim and navy. There was also a prevalence of toned-down, wearable designs. The 80s influence could be seen with tacky florals, plaid, and longer hemlines making a comeback.

Q: What other trends were notable in the collections?

Power dressing made a return, with some designers attempting their own versions. Deep V with turtlenecks was a popular choice. Collaborations between designers, such as the one between Driss Van Noten and Christian Lacroix, were also observed.

Q: How did the bankruptcy of Forever 21 occur?

Forever 21 grew too accessible and lost its appeal among younger customers who didn't want to wear the same clothes as their parents. The bankruptcy resulted from the company's inability to adapt to changing consumer preferences.

Q: What business models are worth considering in the fashion industry?

The business models of Costco and Gua Pay present interesting concepts. Costco has low markups on groceries but generates revenue from annual membership fees. Gua Pay operates on the idea of customers paying an annual membership fee and deducting the cost of purchased items.

Summary & Key Takeaways

• The fashion calendar works by designers showing spring collections in the fall, buyers placing orders, and design houses producing and shipping the goods. Designers think a year in advance and work on multiple collections simultaneously.

• The Spring/Summer 2020 collections showcased a significant amount of blue, as well as toned-down, wearable designs. The 80s fashion influence was evident with tacky florals, plaid, and longer hemlines making a comeback.

• Power dressing, deep V with turtlenecks, and collaborations between designers were among the notable trends observed in the collections. The fashion shows from Chanel, Balenciaga, and House of Holland appeared boring, while Jean Patou's revival showed promise.