The Business of Fashion Podcast

After a season shaped less by shock debuts and more by second and third chapters, Tim Blanks and Imran Amed take stock of the fashion month that was.

“This season was kind of one note for me,” says Blanks. “It reminded me that in that golden age … of the ’90s, you would go to a day that was just bang, bang, bang. That’s what I still crave — that sense of surprise and that sense of designers working at a peak.”

If last season was driven by anticipation, this one was more revealing; in addition to witnessing how their creative ideas are evolving, new designers’ visions are now landing in stores, meeting customers and beginning to show whether they can convert attention into traction.

Key Insights:
For both Blanks and Amed, Chanel is the season’s most convincing success story – not just on the runway, but in the store. Amed describes seeing customers respond viscerally to Matthieu Blazy’s first ready-to-wear in person, noting that “the way customers were engaging with that product — the shoes, the bags — I hadn’t seen anything like that since Alessandro Michele at Gucci.” Blanks argues that the collection’s appeal lies in the intelligence of its details — not in obvious Instagram gestures, but in private pleasures built into the clothes. He points to a tweed jacket lined with a scarf print drawn from a caricature of Chanel herself and says, “That lining would be your secret.” For him, this is precisely why the work resonates: “He says we don’t make fashion for Instagram… and I think that kind of thing will elicit an incredible response from people.”

Gucci prompts the most debate because the stakes are so high. Amed frames Demna’s task as structurally different from what he previously achieved at Balenciaga. However, Blanks is more interested in the atmosphere and coded intention of the show, even if he remains unsettled by it. “I think that in his mind he was making a show about Italian fashion,” he says, adding that “it came across better in pictures than it actually did while we were watching it.” Still, he stops short of dismissal: “There is so much in fashion that I can look at and say, well, it’s not for me, but I appreciate that it’s for someone.”

Just months into the role, both Amed and Blanks see clear signs of Anderson’s authorship beginning to take shape inside the house of Dior. Blanks points to details like the lily pad shoes, which echo the surrealist footwear from Anderson’s past work, noting that “he already has signatures at Dior.” More broadly, Blanks describes the approach as “a magpie sensibility applied to the monolith of a brand.” Amed agrees that the pace of change is striking, saying “the amount that he’s already brought to that brand in such a short period of time is pretty extraordinary,” even if the process remains experimental. “Not everything is successful,” he adds, “but that’s the way he progresses… he’s refining, he’s a refiner.”

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As conflict between the US, Israel and Iran escalates, the threat to shipping through the Strait of Hormuz has pushed energy prices sharply higher. That matters to fashion far beyond the pump: oil and natural gas helps power factories, move goods and produce synthetic fabrics used across the industry.

Shayeza Walid and Cathaleen Chen join hosts Sheena Butler-Young and Brian Baskin to explain how the immediate pressure of spiralling oil prices is showing up differently across the supply chain and consumer markets, and why even a short-lived shock can deepen existing strains on manufacturers, retailers and shoppers.

Key Insights:

The closure of the Strait of Hormuz has immediate and severe consequences for Asian manufacturing hubs, which rely on the Gulf for approximately 60 per cent of their crude oil. Walid notes that for many producers, “it’s a supply issue and a logistics issue before it’s a cost issue right now.” She continues: “Every single person is dealing with the fact that oil and gas supplies are not coming through to their countries.” In that sense, the first pressure point is not simply higher prices, but whether manufacturers can secure the energy needed to keep production moving at all. Beyond the physical scarcity of fuel, the lack of insurance for shipping companies has created a logistical bottleneck that prevents essential energy supplies from reaching factories in China, India, and Bangladesh.

As polyester and other man-made fibres are intrinsically tied to oil, manufacturers focused on synthetics are feeling the pressure quickly. Walid says the impact is already visible in India and China, where producers are seeing both reduced supply and rising prices. “Man-made fibre prices were already going up,” she says. In some Indian manufacturing clusters, she adds, “those areas could very well be crippled if the crisis continues because they only use that type of fabric.”

Chen argues that the more immediate consumer effect is not necessarily higher apparel prices, but weaker confidence. She points out that many retailers are still working through existing inventory, so any inflationary effect on clothing would likely come later. “The more immediate effect on the consumer economy is simply psychological,” she says. Even before prices move materially, “consumer anxiety around inflation, even if inflation isn’t here yet, that’s going to affect how much they’re willing, how much they’re happy to spend on things like a pair of jeans.”

Both reporters suggest fashion is more used to volatility than it was before the pandemic, but this kind of disruption still reveals how exposed supply chains remain. Chen says many companies have become “very nimble in the situation of crisis”, while Walid points to the need for more durable supplier relationships and stronger local support. “It’s increasingly important to consider local dynamics for their suppliers and where their clothes are being manufactured,” she says.

Additional Resources:
Oil Shock: What Fashion Needs to Know | BoF
War in the Gulf Tests Resilience of a Rare Bright Patch for Luxury | BoF
When War and Luxury Collide | BoF

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This year marks the 125th anniversary of Nordstrom — a company that began as a small shoe store in Seattle founded by a Swedish immigrant and has grown into a $16 billion retail juggernaut.

At a moment when the American department store sector is under enormous pressure — with bankruptcies, consolidation and changing consumer behaviour reshaping the landscape — Nordstrom has taken a different path.

Last year, the Nordstrom family partnered with Mexican retailer Liverpool to take the company private, a move Pete Nordstrom says allows the business to move faster and focus on the long term.

Pete began working in the Nordstrom stockroom at age 12 and has held roles across merchandising, buying and store management before becoming co-president alongside his brother Erik. Pete remains sanguine about Nordstrom and the future of department stores:

“It's the best mousetrap. We've got the ability to have a curated breadth of offer. We have an online ecosystem that's integrated with the store, an off-price division with a practical exhaust for things that we don't sell at full price, and then there's scale. If you're big enough, you can be the first call for those brands,” he says. “We can create enough scale and leverage to make your digital business profitable. That's how I would pitch our thing: we think we offer a good solution for a modern customer and how they shop.”

This week on The BoF Podcast, Pete Nordstrom joins BoF founder Imran Amed to discuss the company’s 125-year history, why he believes the department store model still works and how taking the company private is shaping Nordstrom’s next chapter.

Key Insights:

Nordstrom describes the business as “a company with heritage” rather than a “heritage company,” prioritising modern relevance over tradition. The move from shoes into apparel in the 1960s and the national expansion in the 1970s established a blueprint for organic growth, always anchored in service and a focus on the customer.

Taking the company private was a move to secure long-term stability and efficient decision-making. Nordstrom notes that public markets often undervalue department stores due to the sector's lack of a “growth arc” compared to tech-driven industries. By partnering with Liverpool, the family retains 51 percent control, allowing them to lead without the “cumbersome processes” of public market expectations. He maintains that the business is improving not because of the “trappings” of being private, but because the structure allows the team to “lean in with more energy and focus around customers”.

Despite the negative narrative surrounding American retail, Nordstrom highlights the necessity of an integrated “Omni view,” where physical stores and digital platforms share a single inventory. Curation remains vital to compete with independent boutiques, balancing relevance with inspiration, or the discovery of new brands. “We have the ability to have a curated breadth of offer,” he says, adding that the most successful modern closets mix high-fashion houses like Chanel with performance brands like On Running and Nike.

Nordstrom emphasises that successful retail leadership is built on a foundation of tangible, varied experiences rather than academic credentials alone, arguing that there is no shortcut to developing the necessary judgment for the industry. “You’re valuable to a company because you’ve done things that have worked and things that haven’t worked,” he notes, advising the next generation to focus on building a broad professional perspective over immediate gratification.

Additional Resources:
Pete Nordstrom | BoF 500 | The People Shaping the Global Fashion Industry
Can Department Stores Save Themselves? | The Debrief
American Department Stores Have a Beauty Problem

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Hip-hop has served as a primary pipeline for fashion’s entry into pop culture for decades, transitioning from organic street-level references to high-stakes global partnerships. Brands have historically leaned on a select group of superstar "style icons" to drive visibility, with A$AP Rocky emerging as the definitive case study for this crossover. However, as Gen Z consumer habits shift and the traditional music-to-market pipeline evolves, the industry faces questions about its over-reliance on a few familiar names.

Takanashi joins hosts Sheena Butler-Young and Brian Baskin to discuss the tension between the safety of established stars and the cultural necessity of finding fresh voices.

Key Insights:

Takanashi positions A$AP Rocky as the case study of hip-hop’s interaction with fashion, whose organic love for runway brands transformed him into a definitive bridge between hip-hop and luxury. He recalls how Rocky name-checked designers in his breakout moment, and how that shifted what young fans even understood as fashion. “On this breakout single ‘Peso’, [Rocky] said that he was into Rick Owens and Raf Simmons,” Takanashi says. “He came out the gate as this rapper who really declared that he was into high fashion.” This authenticity created a bridge that allowed luxury brands to feel comfortable moving beyond traditional streetwear.

However, fashion houses frequently default to known quantities like Pharrell, Travis Scott, or A$AP Rocky because their long resumes provide predictable results for risk-averse marketers. This creates a feedback loop where the same faces appear across multiple, sometimes competing, brand categories. “A marketer can just point to several examples they’ve done in the past and they could see the result of it,” Takanashi explains. The industry’s tendency to "glom onto certain familiar names" risks diluting the unique identity of the brands themselves.

On the other hand, niche fan bases offer a more potent alternative to mainstream superstars. Some of the most successful recent collaborations have bypassed the Billboard charts in favour of artists with highly engaged, specific communities, such as Action Bronson with New Balance. Takanashi highlights that there is “a lot of strength in just kind of collaborating with artists that aren’t necessarily like charting super high.” Smaller artists with highly engaged and loyal fans can move the needle more effectively than a mass-market star who may feel interchangeable.

While brands are happy to dress rising talent for red carpets or front-row appearances, the leap to a global campaign remains a "slow burn." Takanashi points out that many decision-makers lack a deep investment in the culture, leading them to extract value rather than nurture new talent. “Fashion is a business that extracts culture, but doesn’t necessarily give back to it as much as we’d like,” he says. Without more diverse perspectives in positions of leadership, the industry struggles to identify which younger artists possess genuine, long-term cultural resonance.

Additional Resources:
How Fashion Picks Its Hip-Hop Style Icons
Breaking Down Chanel’s A$AP Rocky Partnership
What’s Next for Hip-Hop and Fashion

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Over the past two years, press tours for films like Barbie and Wuthering Heights have become strategic fashion narratives — moments that extend a film’s story far beyond the screen.

At the centre of that shift is Andrew Mukamal, the stylist for Margot Robbie who has become synonymous with what’s become known as “method dressing” … aligning a film’s character, fashion history and brand partnerships into a cohesive red carpet story.
“Method dressing, to me, is really just about putting a bit of extra thought and consideration into what you wear,” says Mukamal. “With modern marketing, the way people consume media and the evolution of the ‘super-press tour’, it’s now one of the options for how to approach this.”

This week on The BoF Podcast, Andrew Mukamal joins BoF founder and CEO Imran Ahmed to speak about the rise of the super press tour, the business dynamics between stylists, studios and fashion houses, and how method dressing has reshaped celebrity marketing.

Key Insights:

Mukamal’s entry into the industry is rooted in assisting and learning on set, from photo shoots to the unglamorous logistics of the fashion wardrobe, and he argues that an apprenticeship remains the clearest training ground. The work is emotional, interpersonal and fast-moving; assistants learn by seeing how decisions get made under pressure. “The only way to really learn how to deal with those things is to be part of a team where you’re seeing all of that happen,” he says. “You have to be very limber and flexible and ready for somebody to call you and say, ‘Maybe we need to pivot.’”

Mukamal defines method dressing as intentionality, not a gimmick. “Method dressing is just about putting a bit of extra thought and consideration into getting dressed – you’re not just grabbing something off a rack.” In his view, most actors are already doing it because red-carpet presentation is fundamentally different from everyday life; the difference is whether you use that gap to build a narrative. “They don’t walk around their normal lives looking anything like what you see them on these public carpets,” he says. Done well, he positions it as performance and persuasion — “a living, breathing billboard” that sustains attention between the trailer and the release, and gives audiences “a daily reminder” of the story they’re being invited into.

The Barbie tour was more than a marketing stunt.. Mukamal went back to the original mood boards of the Mattel designers to find the high-fashion references they used in the 1950s and 1960s. He explains, “Putting myself back in their heads and saying, ‘OK … What was the brand that they were inspired by for this Barbie?’ Now I need to go to that brand and [close] the loop. It was kind of just magic.”

After the global vibrancy of Barbie, Mukamal shifted into a dark, psychological aesthetic to match the tone of Wuthering Heights. He describes this evolution as a “complete gear shift,” returning to his “fashion goth” roots to build a narrative grounded in the 1847 novel’s intensity. By sourcing vintage Victorian accessories and collaborating with designer Dilara Findikoglu, he orchestrated a moment that merged archival history with a “tone of the coolness and, like, darkness” appropriate for the story.

Mukamal frames styling as an apprenticeship-based industry where you absorb judgement, communication and crisis management by watching someone else do it – and then debriefing afterwards. He says, “The only way to really learn how to deal with those things is to be part of a team where you’re seeing all of that happen.” He adds: “Stick around, because you didn’t learn everything in a year or two … I really am a tiny little tadpole in this pond, and I should keep learning while I can.”

Additional Resources:
What Makes a Red Carpet Moment in 2024 | BoF
Have We Hit Peak Red Carpet? | BoF
Case Study | How to Create Cultural Moments on Any Budget | BoF

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