Must Read: The Risks and Benefits of Selling to Saks, SoulCycle Aims to Open Standalone Stores – Latest Fashion Trends & Style Tips March 28, 2025 at 09:30PM
📰 Must Read: The Risks and Benefits of Selling to Saks, SoulCycle Aims to Open Standalone Stores
✨ Fashion Insights & Trends:
Photo: Jeremy Moeller/GC Images
These are the stories making headlines in fashion on Friday.
The risks and benefits of selling to Saks
Gary Wassner, CEO of Hilldun Corp, a factoring company that helps smooth out cash flow for brands, spoke with WWD about his insights on Saks Global's new payment terms, its plans to pay past-due bills and the integration of Neiman Marcus and Bergdorf Goodman. Hilldun factors "well over" 120 brands that sell to Saks Fifth Avenue, with another 15 to 20 brands that sell to Neiman's and many brands selling to both companies. Wassner is the one signing off on orders and paying brands up front and fielding queries from vendors. Wassner works closely with Saks to ship the merchandise the company needs the most while simultaneously accommodating Hilldun's clients. Other factors have walked away from Saks, but Wassner said it is still a good bet to approve those orders: "We have a long history with Saks, of trust and promises that were never broken to us." However, for brands, the new 90-day payment terms (compared to the common 30 days) and plans to pay back unpaid bills in 12 monthly installments is a huge burden for smaller designers who rely on Saks and Neiman's. {WWD/paywalled}
SoulCycle aims to open standalone stores
SoulCycle is reportedly building up its apparel retail arm to become 15-20% of the business, with standalone retail stores and expanded retail floors in existing studios being considered. The company currently advertises the activewear brands it carries at its studio entrances, and it has also started selling beauty products. SoulCycle's retail business is driven by Emily Carter, the company's head of retail merchandising, who joined the company eight months ago after leading global merchandising for LVMH's DFS Group Limited. In addition to the products SoulCycle develops in-house, the company sells pieces by brands including Lululemon, Alo, Splits59 and The Upside, with future plans to introduce exclusive capsule collections with artist Kerri Rosenthal and apparel brand Addison Bay. {Modern Retail}
How multiracial consumers will reshape beauty
As multiracial identities become more prominent, brands must revamp their strategies to meet the nuanced beauty needs of a multiracial future. In the U.S., the multiracial population has grown exponentially across all age categories, surging by 164% in the last decade and increasing by 300% among the 18 to 44 demographic. Beauty conglomerates like L'Oréal, Unilever and Estée Lauder Companies are taking note and recognizing a growing consumer base seeking options for melanin-rich skin and a wider range of hair textures. Looking ahead, this shift could see an increase in skin-care products addressing evening skin tone and pigmentation-related needs as well as a rise in curly hair-care options. "The growing multiracial consumer will task brands to move beyond tokenism and genuinely reflect global beauty standards," Olivia Houghton, lead beauty, health and wellness analyst at strategic foresight consultancy The Future Laboratory, told Vogue Business. "There's an ongoing shift towards celebrating a wide spectrum of beauty ideals and brands must authentically represent the diversity of their customer base." {Vogue Business/paywalled}
Paraiso Miami Swim Week secures trademark rights
Paraiso Miami Swim Week, which has organized its global swimwear show for 21 years, has won an ongoing legal dispute over the trademark rights of the "Miami Swim Week" name against another event producer from out of state. This ruling cancels a trademark registration from the Miami Swim Week The Shows, a DC Swim Week Group-owned event. The Trademark Trial and Appeal Board determined that DC Swim Week's Miami Swim Week The Shows had "improperly registered" the Miami Swim Week trademark, and that its ongoing use of the phrase was leading to a misunderstanding among consumers. The ruling also found evidence that the out-of-state event had used images from Paraiso Miami Swim Week's fashion shows without permission. {Fashion United}
U.S. fashion lobby warns Trump cuts threaten key supply-chain programs
The American Apparel & Footwear Association has warned that Trump administration cuts to spending on international labor programs risk harming U.S. business interests. The U.S. Department of Labor is ending all grants run by its Bureau of International Affairs (ILAB), cancelling more than $500 million in funding for initiatives that combat child labor, forced labor and human trafficking. The ILAB cuts affect fashion industry initiatives including a program to address violence against women in Lesotho, efforts to prevent forced labor in Uzbekistan's cotton industry and the UN's Better Work program, which supports many brands' labor rights initiatives. {Business of Fashion/paywalled}
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