To forecast the next fashion trends, Soludos founder Nick Brown looked to past crises.
Before the 2008 crisis, "it was all about ornaments and stuff being very sexy and over-the-top," Brown said on the Glossy Podcast. "Then in 2010, it shifted toward minimalism and modernism."
Brown wagered that fashion will stay on the minimalist side. But either way, shoes are a tough category. "In some of these customer surveys, and certainly in my own life, I'm only buying what I need to, and I'm not going out that much," Brown said.
As a result, Soludos is focusing on fewer products and sustainable production.
Product delivery has also evolved. Soludos' sales have moved online; 70% of its sales now come through its own website, Brown said. "We've all seen the numbers that, in two months, there's been 10 years' worth of e-commerce penetration," he said.
The Glossy Podcast