What’s the Value of Fashion Week?
What’s the Value of Fashion Week?
With Michelle Li, Mary-Jane Forster and Ida Petersson
By HURS Team
Fashion week is to editors, buyers, brands, influencers and luxury fashion fans what the Super Bowl is to those who love sports. It used to be an opportunity for brands in the $1.5 trillion global apparel market to showcase their new collections. But it has expanded far beyond what it once was. Fashion shows have become global media moments. Brands live stream their shows allowing for consumers to be as much part of the experience as those seated at the front row. Celebrities and influencers are invited (and dressed) with the hope for a tag on Instagram or a mention in one of the mainstream media outlets. And every piece of the show is used as a way to create content, and tell the story behind the brand, beyond the clothes.
Over the last few years we’ve seen progress. More inclusiveness, more diversity, more differentiation in formats and timings and fashion weeks held in new cities gaining traction globally. But somehow the luxury industry is still at a crossroads, with some brands embracing change and innovation while others prefer to remain the same.
We asked three industry insiders about the value of fashion week, the importance of storytelling and including your community and how they hope the industry evolves.