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Gucci need Palace's youthful audience
Do they though?
I know some of you guys only think in skateboarding but why would gucci need skateboarding when they already are synonymous with the rap/hiphop genre. The lil pump song shit but a good example here. when Gucci got rappers name dropping them for 1.1 billion views... do you think they really interested in cashing in on whatever lil niche of an audience theyd find in palace has? I mean more than likely those people are already onboard anyways considering the trends hip hop and skateboarding share more tethered than ever these days. Hypebeast zoomers or whatever the fuck.
In 2022 palace benefits more from this from a notoriety standpoint than gucci. It's fucking gucci lol.we talking a brand that teters at the top of women's fashion and accessory aswell as one of the most popular genres of music. Gucci is assured it'll sell and that's about all they care about. They'll probably lose out internally on this cause the people who heavily invest in brands like gucci or luis or tomi Hilfiger, board memebers and shit, anf like old fashion boomer business men consumer absolutle hate that their posh luxury brands have become associated with skateboarding and rap music.
I mean skateboarding hot but what you gaining from palace youthwize you don't already from tiktok thots, hypebeasts and rappers?
First of all that’s a funny case study. Second of all that’s not the market that palace attracts.
The fact is LV did the supreme collab a few years ago and then had Virgil in which turned the tide in terms of how it actually got young teenagers buying LV. And when I say LV I don’t mean just little caps or side bags… They started buying full outfits, head to toe, rich trendy kids. It’s how brands starts to get lifelong customers, their mum’s have their bags m/purses and now the kids are interested in the full collection.
Gucci belts and caps, headbands etc will always sell… they don’t care about that stuff, it’s the customers for life who are willing to buy multiple pieces from each collection and now there’s a huge, much younger audience they can push it to. Enter Palace & Supreme. Brands that are ‘alternative’ and ‘authentic’ and are appealing to rich kids who want/can buy their approval. Price wise they’re also a stepping stone to high-end luxury fashion.
Gucci and LV aren’t dirtying their names for quick paydays and to help out skateboard companies. They’re playing the long game, same reason they did Northface, it’s entrance level collection pieces for rich kids. Not saving up months of earnings to buy 1 belt to last a decade cause rappers told them its cool.