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Balenciaga creates $1800 bag resembling Lay’s potato chips

Inside Retail

In what seems to be an attempt at viral fashion, Spanish luxury label Balenciaga has unveiled a new handbag that resembles a bag of Lay’s potato chips. The rumoured retail price for the potato chip bag is USD$1800, a huge difference from a $3.99 On Lay’s official Instagram account, user @staterbros comments “It’s on fire!”.

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How Halara uses machine learning to make just the right amount of activewear

Inside Retail

“I started my career in production [at Ralph Lauren], so I know my [production] cost sheets fairly well and how retail pricing works, those costs were just like not possible. So I thought what was the secret?” Target is such an amazing partner to work with and I think they have a pretty big activewear/athleisure division.

Markdowns 130
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The Step-Up in Ecommerce Sneaker Fraud

Retail TouchPoints

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. The data also revealed that orders between $100 and $300 are the most challenging transactions for retailers.

Jewelry 237
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Meme stocks and sneaker drops: What next-gen investors mean for brands

Inside Retail

It’s taken for granted that consumers buy products from brands and retailers to wear or use in daily life. From fashion to jewellery to furniture, the specific application might vary across products, but the fundamental principle remains the same. Or does it?

Fashion 246
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15 Best Apps for a Business Selling Clothes

Small Biz Trends

Consider these latest figures from one of the top fashion resale sites, thredUP: The fashion resale industry totals about $20 billion in sales alone, and it is the biggest resale market in the US. Reselling clothes is growing 24-times faster than retail fashion, too. ” Facebook Marketplace.

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Proudly made in China: How Chinese consumers are reclaiming domestic brands

Inside Retail

Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items. Premium electric car business Nio ventures into fashion. Subsequently, it took off in the West. The Rich and Humble. CASE STUDY : Perfect Diary.

Consumer 130
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How Retykle changed the Chinese belief that buying secondhand is bad luck

Inside Retail

While the luxury resale market is already growing worldwide and is worth €20 billion globally, according to a report by Berenberg Bank, it is still in its infancy in China, where pre-owned items account for just 3 per cent of the luxury resale business. “In The conscious consumers.

Consumer 182