This Year’s Black Friday Designer Fashion Sales May Not Be What You Think. – The New York Times

By on November 27, 2020

“Communication is one thing,” he said. “Reality is something else.”

Pierre-Yves Roussel, the chief executive of Tory Burch, said much the same, noting that while the company was nodding to Black Friday because of “tradition,” the price drops were limited and under tight controls, focusing primarily on clothing that was time-dependent, rather than accessories such as shoes and bags, which in theory are less tied to trend.

At the Webster, which has eight stores in locations including New York, Houston, Miami and Los Angeles, Laure Heriard Dubreuil, the founder and creative director, said she was still “committed” to the pledge, and so had contacted the designer brands she carried to discuss what items should be on sale, and for how much. Fall merchandise from lines owned by the big French luxury groups LVMH and Kering — such as Balenciaga, Fendi, Givenchy and Saint Laurent — will not be reduced at her stores, although plenty of other brands are. Mr. Van Noten said he felt optimistic: The industry working group was still in existence, and they had all just met the week before the Black Friday sales began to talk next steps. Things were moving in the right direction.

“We said from the beginning we didn’t want to be the fashion police, telling people what they can and can’t do,” he said, “but a year ago, we would never have even had this discussion. Business is very fragile right now, but I think the mentality has changed. There’s been an evolution.”

Source Article from https://www.nytimes.com/2020/11/27/business/black-friday-designer-fashion-sales.html
This Year’s Black Friday Designer Fashion Sales May Not Be What You Think. – The New York Times
https://www.nytimes.com/2020/11/27/business/black-friday-designer-fashion-sales.html
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