This week in fashion brought a mix of challenges and buzzworthy events, as some luxury giants contended with slowing sales while others celebrated global collaborations and regional growth.

In a notable shift for the luxury market, Kering reported a substantial 16% drop in quarterly sales, impacting its portfolio heavyweights like Gucci and Balenciaga. This slowdown signals potential recalibrations within the luxury sector as brands reassess their market strategies. Meanwhile, Moncler aimed to counter the trend with its high-profile “City of Genius” launch in Shanghai, a collaboration-packed event that drew international attention.

On the expansion front, Jacquemus stirred excitement on the streets of New York City, celebrating the opening of its first retail location in the region. This move underscores the brand’s commitment to growing its influence in the U.S. market. Adding to the week’s lineup of significant announcements, Shawn Stussy officially relaunched S/DOUBLE, marking his return to the fashion spotlight.

Collaborations also took center stage as Wales Bonner and adidas Originals unveiled their latest collection, blending sporty chic with cultural depth. Beams and Polo Ralph Lauren joined forces to pay homage to the iconic Polo Bear, a beloved motif that continues to capture the hearts of fashion fans. Finally, Gucci shared plans for its cruise 2026 show, a move that has many hoping for a fresh, redemptive chapter for the luxury house.

These headlines highlight the resilience and creativity of the fashion industry as it navigates an evolving landscape, balancing both challenges and exciting new ventures.