Malique Morris

6 days ago | businessoffashion.com | Malique Morris

Last week, Victoria’s Secret went dark. On May 28, the lingerie giant shut down its website following a “security incident,” the company said in a statement. (It did not confirm what caused the disruption). While the site was only down for two days, it likely cost Victoria’s Secret millions in sales, adding another hurdle to its ongoing turnaround plan under new leader Hillary Super. The company’s stock dropped as much as 8 percent the day it closed its site.

2 weeks ago | businessoffashion.com | Malique Morris

Warby Parker is getting in on the smart glasses craze. On Tuesday, the digitally-native eyewear maker announced a partnership with Google to develop a line of “intelligent eyewear,” which is set to debut after 2025, although the company didn’t give an official timeline. Warby Parker will couple its signature designs with Google’s Android XR technology to create glasses with multimodal AI — which can process data across video, images, text and audio.

3 weeks ago | businessoffashion.com | Malique Morris

Now that Richemont has offloaded the online luxury group Yoox Net-a-Porter, the e-tailers’ loss-making will be Mytheresa’s problem. In an investor call on Thursday, LuxExperience, the new luxury group that combines Mytheresa and Yoox Net-a-Porter, said that Net-a-Porter and Mr Porter’s combined net sales dropped 11 percent to €1.2 billion ($1.3 billion) in 2024 and is on track to fall another 11 percent to €1 billion in 2025.

3 weeks ago | businessoffashion.com | Malique Morris

Los Angeles-based fine jewellery maker Angara was already well on its way to reducing its dependence on the US for sales before President Donald Trump announced his tariff plan last month, entering India at the end of last year and planning a number of international launches for 2025. But the rapidly unfolding trade war propelled Angara to make those moves more quickly, said co-founder and chief executive Ankur Daga.

3 weeks ago | businessoffashion.com | Malique Morris

Even online luxury’s most stable force isn’t immune to industry headwinds. Mytheresa’s sales grew a paltry 4 percent to €243 million ($273 million) in the quarter that ended in March, down from the 13 percent growth it reported in the previous quarter and the 18 percent increase it saw during the same period last year.