Discussions about the fashion industry thread

[gdl203]

"I Can't Believe They're Going Out of Business," Says A Man Who Never Pays Full Price

CHICAGO, IL — Following the news Wednesday morning that Brooks Brothers has filed for bankruptcy, Brian Frazier, 28, says he can’t...

putthison.com

 

[Newcomer]

currently hunting down a copy of

Small Is Beautiful - Wikipedia

en.wikipedia.org

Small is Beautiful? Been telling that to ex-GFs and my wife for years.

 

[NickPollica]

"I Can't Believe They're Going Out of Business," Says A Man Who Never Pays Full Price

CHICAGO, IL — Following the news Wednesday morning that Brooks Brothers has filed for bankruptcy, Brian Frazier, 28, says he can’t...

putthison.com

?

The only thing I will say is that the quality I’ve seen and personally experienced from most American production just isn’t that good. We had a meeting with the person who was running sales and collaborations for all of Brooks’ made in US factories and the costing was ludicrous for the capability of make.

 

[clee1982]

as much as it is a satire, how many are truly "sad enough" to open the wallet, given the over supply in general, I think it's a super minority...

As of right now other than dress shoes I struggle to see which CM stuff (say a tailoring brand I) would be willing to "prop up"...

 

[gdl203]

^ can @dieworkwear use these quotes for the follow-up article?

 

[NickPollica]

as much as it is a satire, how many are truly "sad enough" to open the wallet, given the over supply in general, I think it's a super minority...

As of right now other than dress shoes I struggle to see which CM stuff (say a tailoring brand I) would be willing to "prop up"...

And you wonder why they’re all dying. People who like “classic, American clothing“ have no interest in paying for it.

 

[bry2000]

Someone should start a sales shaming thread to balance out all of the sales alerts threads and blogs that highlight "Best of X Holiday" Sales, complete with "share a sale" reward links.

 

[clee1982]

^ can @dieworkwear use these quotes for the follow-up article?

And you wonder why they’re all dying. People who like “classic, American clothing“ have no interest in paying for it.

I don't wonder, I'm pretty sure a lot of them will die, and while I don't like it, I don't really feel sad enough to say yup going to pay msrp on something I don't truly love enough.

 

[jalebi]

as much as it is a satire, how many are truly "sad enough" to open the wallet, given the over supply in general, I think it's a super minority...

As of right now other than dress shoes I struggle to see which CM stuff (say a tailoring brand I) would be willing to "prop up"...

I can see your point. It's a very competitive market right now, and unless a large majority of shops stop discounting simultaneously it becomes rarer for customers to patronise shops that don't. Oversupply and underdemand of high quality CM makes it a buyer's market.

 

[cb200]

Lots of shops and brands will stop discounting because they will simply go out of business.

 

[bry2000]

The secondary sales market, including consignments, seems to have boomed over the last few years. At least, it seems that way to me only having paid attention to it the last few years.

This has to have adversely impacted primary retail sales since that is the experience in many other markets (cars, heavy machinery, etc.). Whenever there is a glut on good product on the secondary market, it drags new product sales prices and volumes down.

Up until I few years ago, I never participated in the secondary clothing market (unless you count donations). Now, I buy and consign with @SpooPoker and have sold quite a few things on SF Buy and Sell.

 

[gdl203]

Lots of shops and brands will stop discounting because they will simply go out of business.

But then they're being replaced by fugazi DTC companies making generic crap in Bangladesh, which - with the aid of wonderful subway marketing and diagrams (and cushy VC money) - they can sell at 10x and discount it all year long with a sophisticated coupon calendar.

 

[clee1982]

Lots of shops and brands will stop discounting because they will simply go out of business.

If that means lots go away, so supply get chopped and reminder and new player has better price discipline then it might be the healthy new normal people are looking for

 

[Mariokartfever]

Is there an equation for the "hard cost" of not selling a piece of clothing? Obviously you have the cost that went into producing it, and the cost of acquiring it if you're a third party seller. But what are the hard costs of keeping it in stock? Is it just the space costs of storage?

Or is it that those funds need to be freed up for next season's buy - so selling it at a discount becomes a necessity?

 

[clee1982]

But then they're being replaced by fugazi DTC companies making generic crap in Bangladesh, which - with the aid of wonderful subway marketing and diagrams (and cushy VC money) - they can sell at 10x and discount it all year long with a sophisticated coupon calendar.

yea, but those are the commodity part of the market, and commodity is, well commodity...