If LVMH’s latest sales figures are any indication of the current state of consumer sentiment, it’s that a good product alone isn’t enough. Customers still want quality, but at a price that feels fair, something most luxury retailers haven’t really nailed. That’s where Quince, the online DTC brand behind TikTok’s favorite $50 Mongolian cashmere sweater, steps in. Founded in 2018, the brand has quietly cracked a model that blends quality, affordability, and viral appeal—all without the luxury price tag. In fact, the retailer—which sells everything from apparel and home goods to beauty products—doesn’t claim to be a luxury brand at all. What it has on offer in fact is quite the opposite: items that emulate luxury at bargain prices. Think European linen pants at ~$40 a piece. “Premium apparel was often marked up 5–10x or more, making everyday luxury inaccessible to most people,” Antonieta Moreland, head of brand at Quince, told Retail Brew. “At the same time, fast fashion sacrificed quality, longevity, and values. We believed there was a better way; thus was born our model that offered high-quality, ethically made essentials at radically fair prices.” That model has also resonated with millennials and, more recently, Gen Z audiences tuned into the thousands of influencer videos praising the brand’s quality and sustainability online. Keep reading here.—JS |