If anyone thought Miu Miu was set to run out of steam any time soon, they couldn’t be more wrong. The Prada-owned brand that has been on a remarkable high in recent years is still up there and it’s back at number one in the newly released Lyst index for Q2.
As well as Miu Miu’s ongoing success, Lyst said the quarter saw “a dramatic shift from polished to personality” and fashion shoppers “pivoting to high-impact, lower-cost accessories and footwear amid recession concerns. Beyond the viral Labubu craze, brand heat came from expressive, storytelling brands and standout shoes”.
In fact, 60% of the hottest products were footwear and we’re not talking about just one type as in the not-so-far-off days of sneaker dominance. This time, the hottest products spanned “the functional, nostalgic, and avant-garde”.
More of that later, first let’s look at the top brands. Miu Miu rose one spot back to number one, replacing Loewe, which fell to second place. Saint Laurent was steady at number three, ahead of Prada (+1), Coach (-1), The Row (+2), COS (-1), Chloé (+1), Bottega Veneta (-2) and Moncler (+1).
They made up the top 10 and behind them in the rest of the top 20 were Ralph Lauren (+1), Alaïa (-2), Balenciaga (+1), Jacquemus (+2), SKIMS (no move), Versace (-3), Burberry (re-entering the top 20), Gucci (-1), Birkenstock (another newcomer), and Valentino (no move).
Why was Miu Miu so hot? It seems to be striking a chord with affluent youthful consumers and it’s very good at turning out hit products. Its suede, logo-embossed boat shoe/loafer was the fourth hottest item in Q2. “Striking a balance between preppy nostalgia and contemporary edge, the popular boat shoes channel a back-to-school sensibility that resonated across markets,” Lyst said.
Also notable, The Row achieved its highest index ranking to date, buoyed by the performance of the Dune flip flop, which was the quarter’s hottest product. Searches for the $690 shoe rose by 162% this time, with interest rising “significantly” after Jonathan Bailey stepped out in a pair during a June press appearance.
Burberry’s return after a year out of the top 20 saw it “effectively capitalising on a resurgent ‘cool Britannia’ vibe, a strong festival campaign and growing demand for Burberry menswear”.
And Chloé is “creeping up the Top 10, with demand on Lyst up 33% in Q2. The breezy, bohemian Chloé revival continues to gain ground with shoppers worldwide”.
Meanwhile, H&M Group’s COS remains the only high street brand in the Top 10, with “positioning and demand cemented by [its] critically-acclaimed April runway show”.
As usual Lyst also identified three ‘Moving Fast’ brands and they included a venerable label, Pucci. Endorsed by Hailey Bieber, Addison Rae and Dua Lipa, searches for Pucci increased 96% quarter on quarter. The most wanted pieces for a ‘Pucci Girl Summer’ were the Marmo and Orchidee swirly halterneck mini dresses, tops and swimsuits.
Also strong was Rohe, the Amsterdam-based, minimalist label that saw demand spiking 27%.
And eyewear brand Jacques Marie Mage saw a 34% increase in demand, “reflecting the rising value placed on accessories that carry narrative and craftsmanship”.
Product hits
As for the hottest products globally, as mentioned, six of the top 10 were shoes. The appearance of the Dune sandals from The Row in top spot was pretty surprising even given the fact that they’re an obvious pick for summer. But these shoes come with an ultra-luxury price tag and mimic the kind of flip-flops that can be found anywhere and everywhere. The level of interest in these particular shoes shows just how strong The Row is as a label.
The Row’s Dune sandal
Something similar could be said about the number two product, which was a simple cotton ribbed tank top by SKIMS. It spiked 230% this quarter, “helped by positive TikTok buzz and the continued trend for ‘effortless’ elevated basics”.
It’s interesting after those two simple summer classics were in the top two spots that the third place product also fits into that category. It was the Adidas classic sprinter shorts. First seen in the late 1970s, Q2 saw a 121% increase in demand, with celebrity fans including Harry Styles and Bella Hadid. Athletic shorts are a key trend this summer with searches for sports shorts up 78% on Lyst in Q2.
Miu Miu’s suede loafers were in fourth place as referenced earlier, followed by Vibram’s V-Soul flat that saw a 110% increase in traffic. Lyst said “this continues the hybridisation of performance and fashion we saw in Q1 with Puma’s Speedcat Ballet”. And talking of ballet flats, Ancient Greek Sandals’ Iro version was sixth.
Isabel Marant
Juju Vera’s shell pendant necklace came in at number seven and we’re told it “signals cultural clout, tapping into the emotional register of handcrafted nostalgia and the ongoing appetite for talismanic, coastal-adjacent jewellery”.
Back with shoes, Isabel Marant’s Bekett wedge sneaker was “the latest shoe to capitalise on a Y2K-fuelled TikTok revival” in eighth place. Demand was up 630% year on year.
In ninth place Faithfull The Brand’s Hedy staples dress was a clear summer hit and rounding out the top 10, Prada’s Collapse Re-Nylon sneakers underscored just how important footwear is this season.
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
This article is an automatic translation. Click here to read the original article.
Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.