My family ran an expensive designer clothing shop for men for over 40 years.
A long time ago 'designer' brands wanted to be stocked by well regarded independents like ours.
We picked brands based on quality and style. Our customers trusted us with this.
Fast forward to the past decade and brands began to have their own shops, as well as being stocked by independents. They cut corners with fabric, design and manufacture.
Even brands with a strong association with British or Italian heritage used fabrics and manufacturing in China. To start with much of the merchandise continued to be of good quality. But then things stated slipping.
The brands began to focus on making as much money for their shareholders as possible in the short term, and less on building a reputable brand with longevity.
They squeezed our margins, forced us to spend huge amounts by increasing the allowed minimum spend, forced us to buy what they wanted us to stock rather than allowing us to stock what we knew would sell to our demographic. They dictated our prices, and on what dates we could have seasonal sales (with their own stores allowed to go on sale sooner).
Their own stores rode on the back of the reputation that independents like ours had created for the brand. Quality continued to dip, causing us huge issues- but the brands were still in demand as they were so well known.
Two years ago we realised the business model no longer stacked up and after 44 successful and 3 awful years we cut our losses and closed down. I miss it, but I don't miss selling substandard bad quality clothing with designer labels at insane prices .
A lot of these brands are beginning to pay the price for their short term thinking- but not enough to turn back the clock.
I don't know the answer anymore. It's very sad.