In 2019, we’re returning to SXSW in Austin, Texas – but we need your support! The festival is a hotbed for innovation and while TheCurrent will be on site gathering insights and producing exclusive events like podcast recordings, we are also aiming to host three panels. But we can only get on the official schedule with your vote.
One of our panels, “How streetwear turns hype into $$$”, will look at how streetwear labels are now catering way beyond hip-hop artists and skater kids on the fringes of society. Trading on scarcity and hype, this is a business on an unstoppable rise, with its poster child, Supreme, now estimated to be worth $1bn. From coveted collaborations to luxury department stores releasing ‘drops’, everybody wants to satiate the young consumer’s appetite.
But what can other industries learn from such masters of frenzy? Listen from a group of experts that include Swan Sit, VP of global digital marketing at Nike; Ferdinando Verderi, creative director at Johannes Leonardo, the global ad agency for Adidas Originals and responsible for the Alexander Wang x Adidas Originals launch; and Aaron Levant, founder of the ultimate streetwear festival ComplexCon and now CEO of NTWRK, an upcoming HSN-like shopping channel for Millennials and Gen Zers.
The panel will dissect this highly engaged community, and help the audience better understand what makes the thrill of the chase such a successful retail strategy.
So if you want to see this panel at next year’s edition, please vote! But be quick, as public voting closes this Thursday (August 30). Doing so is easy, just login or create a quick PanelPicker® account via panelpicker.sxsw.com. Then find our How street turns hype into $$$ and all you have to do is click on the “Vote Up” button in the top lefthand column.
Streetwear has had an increasingly strong influence on how young people consume fashion trends and engage with brands, and the luxury industry in particular has taken notice. Last week, Balenciaga launched exclusive sneakers at Selfridges, but they can only be purchased by appointment; earlier this year, Moncler announced it will launch monthly collections, as opposed to seasonal, in a collaboration model not too dissimilar from the streetwear industry; and lastly this November, TheCurrent will be present at ComplexCon for the very first time.