While most of her pals went to slumber parties on the weekends, “Music was always this weekend job that I had,” Maren told the Dallas Observer. Maren’s performances frequently occurred in the bars and clubs of Dallas and Fort Worth. Her dad served as both manager and booking agent for her career. Awed by her innate talent, Greg began pushing his daughter to sing in front of crowds.Īs a child, Maren began performing in her native exas. Patsy Cline and LeAnn Rimes were among the artists she sang karaoke renditions of during the occasion.
She eventually worked as a receptionist and guest coordinator at a hotel.Ī gathering at her parents’ hair business served as the catalyst for Maren’s discovery that she had an inedible singing voice. Maren was a regular at the hairdresser’s shop as a youngster. When she was young, her parents ran the Maren Karsen Aveda Hair Salon in Arlington, which is still in business. The global luxury resale market last year was valued at $32.61 billion, and is likely to reach $51.77 billion by 2026.Īs a general rule, luxury bags do not hold their value nearly as well as high-end watches but the number of items that can be resold, occasionally even outstripping their original sale price, is growing.Maren Morris shares what inspires her at Billboard #WomenInMusic 2016 /v2bckZcury- billboard December 16, 2016īorn in Arlington, Texas, Morris is the daughter of Greg and Kellie Morris.
With stigma over buying second-hand items fading, and online trading platforms making those transactions simple, the sector is expected to grow an average of nearly 10% a year. “Interestingly enough, the resale market has I think created a comfort level with people in the luxury world that they can not only purchase and enjoy but they see value in the ability to be able to resell product,” he said. Idol shed some light on the unstoppable ascent of the price of luxury goods a few weeks earlier on the firm’s earnings call: the resale market. The resale market is pushing original retail prices higher “There will be more price increases for both Michael Kors and Jimmy Choo next year as well as we continue to elevate and get the positioning right for both of those brands,” said the CEO. Idol promises there is more price elevation to come. At shoemaker Jimmy Choo, prices began their upward climb at the end of last year. Over the past 2.5 years, accessory prices at Michael Kors have grown by about 25%. In the case of Michael Kors, it’s to correct its image which, especially in the US, had become very outlet and discount-oriented. Some Chanel handbag styles have reached $10,000, something that previously only Hermes had been able to command.Ĭapri’s other brands in the portfolio-Michael Kors and Jimmy Choo-are also getting high-end makeovers. Dior and Gucci, in contrast, are in the $3,000 to $5,000 tier. With these new changes, Capri said it’s very confident Versace can grow to $2 billion in annual revenue, up from the $1.2 billion it earned last year.Ĭurrently, most Versace bags are within the $1,000 to $3,000 range.
It’s also been more of an apparel-driven brand in an industry where accessories are the real moneymaker.īut the rollout of the Fendace collection earlier this year, a crossover collaboration between Versace and Fendi, created a big stir, and a strong investment into accessories is underway. It was founded in 1978 versus some houses that are over a century old. For one, it’s a lot younger than those other brands. Although Versace is associated with an image of high glamor and has a number of cultural moments under its belt, it has always sat a tier beneath houses like Louis Vuitton, Chanel, Gucci, and Prada.
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