NEW YORK — Branded sportswear manufacturers need to keep looking over their shoulders at private labels, which gained more ground in 2003.
Brands owned and sold exclusively by a single retailer, also known as private labels, accounted for 42 percent of all women’s and men’s sportswear sold last year — making for sales of $28.4 billion. At an average price of $18.09, this translates into 1.57 billion units sold.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)