Tough Times: A Look Into the Current State of Streetwear

Hikmet Sugoer – Solebox
What is your current strategy to keep busy and continue surviving given the current economic conditions?
We are living in hard times, but to be true, we started in hard times. So best is to be optimistic and fight for things you believe in. It is now a part of my life. So I do not want to miss it. Under no circumstances.
How have sales worked out for you, how important and necessary of a retail tool is it? What sort of effect will these massive sales throughout retail affect the consumer when things pick-up again?
Sales were pretty stable. We have the big luck to be one of the first in our country with what we are doing. Sure, the cake did not grow over the time like companies thought, but we done our best to serve a bigger part of the cake.
Have you been more keen on certain types of advertisement or more willing to open up if you traditionally didn’t advertise?
I know you guys live from advertising. And we are all in one system. We have to work close together. But one point is fact: times are changing. Websites like yours changed the view of fashion. You are the newspaper of the people out there in this material. We love to create news instead buying news. But we love to support in other ways, the system.
What sort of lasting effect will the current situation have on your business/direction down the road?
We are sure, that what we are doing is a stable way of business.
What sort of positives can you draw from this economic downturn if anything?
The market gets cleaned. It is like a reset button on a computer. You start again or not.
In the current economic landscape, what sort of styles do you feel are an easier sell, has buying become a little more commercial?
Sure, people buy over the price. But we are happy to be not so much depending on mass products. So we can still be true to our concept. It is like a fond. We have a good mixture.
How do you approach risk-taking in this environment?
We minimize risk. We do not buy in stuff where we think it will not work.
With many people stressing that through hard-times emerges new creativity and opportunity, how true is this?
I am sure under hard-times you are forced to find new ways. You have to be creative to survive. But if I had the option I would go for the Easy-Times.
[Smiles]
For small start-up brands, do you have any suggestions given both saturation and economic factors breathing down their neck?
Minimize cost at this time and try to survive at minimum. Wait for better times and come back in full effect. But do not quit if you trust in your work.
Although a relatively general question, what has had the biggest impact
on you from a business and personal perspective?
The Internet. It is a really good thing, but a really bad thing at once. We have the luck to communicate around the globe in seconds. But now local customers can buy all over the world. Compare prices. Benefit from exchange rates. Anonymous hating. And many other things are possible.
Any closing notes you’d like to finish off with?
Sure, when I have the possibility to talk, I do not wait:
Dear Companies:
Please rethink your philosophy of doing limited editions and specials. On the market are more limited editions then inline stuff. The inline products are more limited nowadays then the limited products. Your inline products are good enough to serve the market. Please rethink your distributions sometimes. Does it make sense to have your highest and limited products in the same city at 10 retailers in one area? No need to deliver every shop with the same. Try to work closer with your existing customers. Give them the feeling of loyalty. Your own shops are good too. But own shops can not build trends and demands like ours. And it gives the feeling of doing direct business without the existing shops. Together we can reach more.
Dear Shops:
If you just opened or just want to open. Please do not buy in stuff you can not sell. At the end you will do massive sales. This is not good for the whole market. You educate your customers to buy only at your sale days. Please rethink if you like to open something what the world do not needs now. Be creative and find other ways then others are doing. Check the local needs and build your business on this. I am sure you will love to be different and companies will thank you.
Dear Customers:
It is always understandable to buy things cheap. I do this too. But long time business can’t survive without margins. So if you like to do something good, try to support your local shops as much as possible. Even if you can get sometimes things somewhere cheaper online. But if it is only some bucks then please support your local dealer, it is like food for living for shops. Shops are loyal to customers even willing to give in-house discounts to frequent buyers.
I know this sounds like a socialistic market or too idealistic. But we have to work together. I do not want to hear someday that the big companies are closing down. All is possible nowadays. But not only negative things…we like to see the positive things. I am now going to buy me some new trainers!
Cheers, Hikmet.
- Fiberops Website
- FUCT Website
- HAVEN Website
- Qubic/Quarters Website
- Solebox Website
- Union Website
Text: Eugene Kan