To kick off the 2018 holiday shopping season, Coresight Research is featuring daily profiles of 10 innovative companies that span health and wellness; apparel, footwear and accessories; and, beauty. Each of our Ten Days of Holiday Innovators profiles gives you a company overview, insight into what makes the company innovative, and the company’s recommended must-have gift for 2018. In this report, we look at GiGi New York.
- The 2018 holiday shopping season is expected to be a healthy one. According to the National Retail Federation (NRF) annual holiday spending survey, conducted by Prosper Insights & Analytics, US consumers are expected to spend an average of $1,007 this holiday season, 4.1% more than they planned to spend last year. Some 53% of consumers said they would like to receive accessories or clothing this holiday.
- GiGi New York is a manufacturer of leather handbags, clutches and accessories. It was founded in 2011 by parent company Graphic Image to offer artisan quality leather products made with American craftsmanship and luxurious European leather.
- This year, GiGi collaborated with luxury department store Neiman Marcus and luxury goods brand MCM Worldwide to create a collection of food and drink leather trays, ice buckets and coasters in the 2018 Neiman Marcus Christmas Book.
53% of Consumers Surveyed Would Like to Receive Accessories or Clothing this Holiday
This is the third report in our Ten Days of Holiday Innovators series, which offers daily profiles of innovative companies offering distinctive holiday-suitable gifts. In this report, we look at GiGi New York.
According to a Prosper Insights & Analytics holiday survey, 53.0% of all adults over 18 said they would like to receive accessories or clothing, while 66.3% of millennials aged 18–34 said they would like to receive accessories or clothing.
GiGi New York
Melville, New York.
GiGi New York is a manufacturer of leather handbags, clutches and accessories. It was founded in 2011 by parent company Graphic Image to offer artisan quality leather products made with American craftsmanship and luxurious European leather. Parent company Graphic Image was founded in 1969 making books and accessories with “great value, great leather, great price.” GiGi was introduced as a separate entity specializing in fashion.
This year, GiGi has collaborated with luxury department store Neiman Marcus and luxury goods brand MCM Worldwide to offer a collection of trays, buckets and coasters in the 2018 Neiman Marcus Christmas Book. Gifts can be personalized and drop-shipped.
GiGi produces a variety of products domestically, including handbags, leather bookbinding, picture frames, letter press stationery, leather game boards and a wide range of accessories for home and office in its factory in Melville, New York. The company has also invested in environmentally friendly initiatives, such as installing 750 solar panels on its factory roof and using leftover leather cut pieces to make luggage tags, coasters and key rings.
Company Items of Interest
GiGi New York’s parent company, Graphic Image, has a generation of experience in manufacturing leather-bound agendas and calendars. GiGi New York is now known for quality leather handbags, clutches and accessories. The company’s family-run factory produces books, leather frames, totes, clutches, accessories and letter press stationery all under one roof. GiGi also produces private label products for Tiffany & Co., Barneys, Bergdorf Goodman, Neiman Marcus and Shinola, among others.
Luxury Leather Goods Market
According to database company Statista, the global luxury leather goods market is estimated to be worth $48 billion in 2018, and is expected to grow to $55 billion per year by 2022. The US is the world’s largest luxury leather goods market, with annual sales of $13 billion, of which 9.4% was generated online.
Industry Collaborations and Awards
GiGi New York collaborated with luxury department store Neiman Marcus and luxury goods company MCM Worldwide to feature a collection of food and drink leather trays, ice buckets and coasters in the 2018 Neiman Marcus Christmas Book. It also collaborated with American football team New York Giants to promote clear bags that can be taken into sports arenas.
Must-Have Gift Recommendations This Holiday
GiGi has released two new collections of handbags for this holiday season.
The Evening Collection features handbag designs including crossbody, clutch and card holders as well as leather cuffs. Kate Crossbody bags are handcrafted and available in rose gold metallic goatskin, white gold metallic goatskin, rose wash embossed python and gold wash embossed python.
GiGi New York also introduced The Savanna Collection in October 2018, which features handbags with pebble grain leather including Italian haircalf leather and Italian croco leather. The collection also includes Maddie Crossbody, Dana Crossbody and Abigail Crossbody. The handbags are available in a range of colors and designs including leopard print, polka dot, cognac, red and black.
GiGi New York’s parent firm, Graphic Image, released Mary Poppins, in a genuine leather binding as part of its new leather-bound book series just in time for the holiday season and the release of Disney’s Mary Poppins Returns movie next year.
Another must-have gift is Graphic Image’s leather-bound agendas, one of the company’s most popular items. The 2019 calendars, planners, agendas and address books are bound in European goatskin and calfskin.
Leveraging Social Media
GiGi New York has collaborated with Louisiana-based fashion, travel and lifestyle blogger Jennifer Palpallatoc Perrault of Haute Off the Rack to launch the Genevieve Bucket Bag, which is the third of its kind and features an adjustable leather shoulder strap with cinch top drawstring closure.
GiGi New York has also collaborated with fashion blogger Collins Tuhoy Smith of Collins Closets to introduce the Game Day Collection. The new collection includes clear bags approved for use in stadiums, which have been the largest seller since summer. These clear bags have been promoted by the American football team the New York Giants to give female fans a fashionable handbag that meets clear bag requirements at all NFL stadiums. Several social media influencers have also promoted these bags, such as Cohins Tuohy Smith, Jennifer Palpallatoc, Veronica/Wows, Kyrstal Faircloth, Brooke Webb, Marnie Goldbery and Lauren Kay.
Where the Company Sells its Products
The company sells online via its website giginewyork.com and has stores throughout the US. GiGi New York also sells through top-tier boutiques around the US and on websites, such as renttherunaway.com, saksfifthavenue.com and tnuck.com. The company also has operations in Bermuda, the UK and Canada.