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News November 25, 2021
By Snobette
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News

Even Though YEEZY’s Hoodie Set Records, Gap’s Earnings Were Still A Major Flop

gap-yeezy-perfect-hoodie
Courtesy of @samueljrob Twitter Account

November 25, 2021. Leave a Comment

Gap reported third-quarter earnings on Thursday with results widely viewed as disappointing for investors. The company reported revenue of $3.94 billion far below analyst expectations of 4.43 billion. With the exception of the company’s Athleta division, same-store sales for Gap, Banana Republic and Old Navy were viewed as disappointing, causing the stock to plummet almost 21 percent.

Weirdly, while retailers like Walmart and Target recently reported they had largely maneuvered around supply chain issues, Gap blame some of it shortfalls on not being able to deliver merchandise to stores because of delays caused by bottlenecks.

If there was any happy news to be had, it was that Gap’s YEEZY hoodie launch went phenomenally well. According to a press release on the quarter, the $90 hoodie was responsible for the “most sales in a single day in Gap history with 70 percent of customers new to the brand.”

On the call, Gap went went on to describe YEEZY as opening the door to a new customer. That may be true, but unless YEEZY is introduced in physical stores or at least launched with more predictability online, that connection will remain tenuous at best.

News Retail Gap YEEZY

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Mitchell & Ness is getting cooked on the styling f Mitchell & Ness is getting cooked on the styling for its newly launched NBA dresses. Someone said they gentrified the jersey dress. Do you see a problem here?
Today Harley-Davidson drops its first foray into f Today Harley-Davidson drops its first foray into fashion with #HDCollections an assortment of unisex lines ranging from rare vintage pieces, to cozy classics like hoodies and sweatpants to luxe leather pants and jackets.

Designed in New York under the creative direction of newly appointed Central Saint Martins alum, Louise Goldin, the collection of lines aims to tap into the ever hot moto trend. 

Available on hdcollections.com.

Thoughts?

#motostyle #harleydavidson
Marc Jacobs pretty much owned a good portion of th Marc Jacobs pretty much owned a good portion of the 2000's when it came to accessories, mostly handbags. 
(See our stories for throwbacks)

This year he relaunches the 'Stam' bag named after  model Jessica Stam. The campaign shot by Harley Weir, styled by Alistair McKimm highlights the dolls of that era: Ashanti, Paris Hilton, Selma Blair and Ashlee Simpson!

Did you own a Marc Jacobs or Marc by Marc bag?
#Snobette#internationalwomensday mood cause here i #Snobette#internationalwomensday mood cause here its women's day 365 days a year!

Cheers to us🥂

Walk by queen Omahyra Mota for Harris Reed debut as Nina Ricci's creative director.
For all the awareness that many have tried to crea For all the awareness that many have tried to create in high fashion about diversity, most large houses like #Prada and #MiuMiu now cast a few Asian and Black models. The commitment to skinny bodies only tho is unwavering!

Shout out to cutie #ZayaWade  who made her runway debut at Miu Miu’s fall '23 runway show!
Jerry Lorenzo unveiled his Essentials by Fear of G Jerry Lorenzo unveiled his Essentials by Fear of God spring '23 collection. Styled by Veneda Carter who took inspiration from dancers in styling, the assortment includes the introduction of corduroy as a new material and as always a beautiful color palette.

Do you have a favorite Essentials piece? 

Now on fearofgod.com
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