Eitan Koter 🎙️’s Post

BRILLIANT! The Business of Fashion has published an insightful article regarding the health of the sneaker resale market - backed up by Neustreet data! We see the significant percentage of major brands and silhouettes that were selling above MSRP have declined in price throughout 2023. Certain hyped releases continue to command massive resale premiums, but many metrics indicate that sneaker resale profitability at a macro level has ultimately decreased. However, when we here at Neustreet talk to entrepreneurs and different sneaker businesses across the industry, we have a positive outlook for the overall growth of the sneaker market, the number of resellers, and in particular are excited by the enhanced competition from younger sneaker brands. Thanks again to Daniel-Yaw Miller and The Business of Fashion for covering the topic, and looking forward to seeing more BOF articles about the sneaker resale market! #sneakers #footwear #fashion #retail #sneakerculture #resale #sneakercommunity

Stone Island X DIOR collab. I am often asked, why do Luxury brands feel the need to collaborate? Simply put- build brand awareness and new customer acquisition. “Younger” consumers (millennials GenZ Alpha) continue to propel luxury sales - so it makes perfect sense that luxury brands want to tap into this consumer segment The types of products luxury brands choose to collaborate with are often brands in outwear and footwear (sneakers) because “younger” consumers already have affinity with these categories of business #collaborations #outwear #footwear #luxury brands Highsnobiety

Temu and Shein gain popularity in Germany Asian e-commerce platforms such as Temu, Shein and others are experiencing significant growth in Germany as they increasingly attract consumers with their competitive pricing, diverse product selections, and engaging shopping experiences, according to the latest Trend Check Retail report from ECC Köln, which surveyed 500 consumers in mid-April 2024. #footwearbusiness #footwear #intelligence #shoebiz https://lnkd.in/gpt_ah-m

How can we improve your customer's #shoe #fit experience? This question keeps me up at night. And it has for the past 10 years. In 2014 HEELUXE, LLC invented the first sensor system to quantify shoe fit while a person was wearing a shoe. This opened a new dimension on understanding what makes a shoe comfortable. Fit is #1. The dream has been to combine accurate measurements of foot shape with accurate measurements of shoe shape. Now, with our FitStarter partnership with Aetrex, Inc., this dream is a reality for every #footwear #brand and #retailer. As a scientist and shoe nerd, it's hard to not ramble on about everything FitStarter does. Simply put: this system makes it easier for any person to find a shoe comfortably fits their foot AND makes it easy for retailers to implement this system. Want to learn more about FitStarter? Check out the new website: https://lnkd.in/ef4W4ww4 The future is now. #Shoe #Comfort #Fit

Most German, US and Japanese consumers prefer multi-brand retailers A majority of consumers in Germany, the US and Japan prefer multi-brand retailers when shopping for fashion and lifestyle products, while direct-to-consumer retailers are losing key consumer touchpoints, a study from Roland Berger showed. The global consultancy firm surveyed over 1,800 consumers in the three countries. #footwearbusiness #footwear #intelligence #shoebiz https://lnkd.in/dz_ZDq_5

Dear Fashion Enthusiasts, My Webinar coming soon, on “Design Aesthetics & Styling“ your lifetime guide, to Look Lean and Tall and most Presentable !! #styling #retailers #dressingup #fashionstyling #fashiontrends #dresscode #womenswear #menswear #apparelbrands #fashionretail #imageconsulting #powerdressing #customerexperience

Germany faces a significant returns problem, with an average return rate of nearly 45% according to Statista. One of the major contributors to this issue is incorrect sizing in #apparel and #footwear. 🌍📉 That's why we're excited to announce that Faslet, the smart sizing assistant designed to improve customer experience by #simplifying unreadable size charts, giving shoppers confidence to #increase #conversion rates, and helping them find their perfect fit with #fewer #returns, will be attending the K5 - Future Retail in Berlin on June 25-26! We're looking to connect with #innovative #apparel and #footwear brands, as well as forward-thinking #agencies. Let us demonstrate how our smart sizing solutions can significantly reduce returns and increase #customer #satisfaction. Let us know if you will attend as well to connect at the event. Let's make smart sizing the standard in retail! 🌟 #K5Conference #Ecommerce #RetailInnovation #SmartSizing #ReduceReturns

✅Utilize an effective tool for employee/customer interaction ✅Narrow the shoe selection process in seconds ✅Provide a unique customer experience ✅Increase customer engagement We can setup a demo and start today!

CEO Kenny Wilson's cost-cutting announcement raises the question: Is Dr. Martens plc addressing the correct challenges? My analysis surfaced a 67% customer disconnect rate, translating to £500 million in diluted revenue for #DrMartens – a hidden trend I've also diagnosed in luxury brands like CHANEL (https://lnkd.in/e7TSVHwz). Your customers are not seeking cost-cutting measures. In fact, one global retailer's similar £40 million cost-cutting initiative led to a £1.48 billion revenue decline, which I successfully traced and reversed together. The key to unlocking your hidden £500 million for Dr. Martens lies in addressing the root causes of this disconnect, mirroring strategies that have led other brands to thrive. If you're curious about unveiling this untapped potential, let's connect. DM me or email [email protected]. #StrategicDetective #CustomerExperience #Footwear #BrandStrategy #Retail #GrowthOpportunity #LuxuryBrands #CustomerDisconnect

Sales of cheap fashion items reach record levels in Russia The low-price segment of the Russian fashion goods market accounted for a record 74 percent of total sales in 2023, against 72 percent in the previous year, according to a study by Fashion Consulting Group, a Moscow-based think tank. It indicated that the budget segment is eating into the middle-price ... #footwearbusiness #footwear #intelligence #shoebiz https://lnkd.in/d7gC8t_T