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Showing posts from May, 2024

When Will Fashion Start to Bend the Curve on Its Carbon Footprint?

The reduction isn’t expected to last however, with the industry’s emissions still on track to grow by more than 40 percent by 2030, according to a new report. from Business of Fashion https://ift.tt/vlMzNqj

Victoria’s Secret Fashion Show to Return in Late 2024

In an Instagram post, the intimates retailer said the show will “reflect who we are today, plus everything you know and love.” from Business of Fashion https://ift.tt/l60pOWa

Amid Black Beauty Brand Closures, Glossier Ups Financial Support

Two of the brand's previous grantees — The Established and Ceylon — which each received a $50,000 infusion from Glossier just years ago, have closed their businesses due to a rough financial climate. With fresh injections of capital, the beauty label is hoping it can help others avoid the same fate. from Business of Fashion https://ift.tt/V9pNM8g

Converse Cuts Jobs as Part of Parent Nike’s Cost-Savings Plan

Nike is undergoing a $2 billion cost-cutting plan that includes slashing 2 percent of its workforce. from Business of Fashion https://ift.tt/jtkZzR9

Condé Nast Chief Revenue Officer Steps Down

During her tenure, Drucker Mann was instrumental in ushering the business into the digital age, said Roger Lynch, Condé Nast’s chief executive. from Business of Fashion https://ift.tt/w7fPdsS

The Start-Ups Turning Ozempic Into the Next Botox

From medspas to telemedicine, weight loss drugs are becoming adopted for mainstream cosmetic use. from Business of Fashion https://ift.tt/p7DYn3M

Gucci Comes ‘Home’ to London

And stubborn Sabato De Sarno doubles down with his Cruise ‘25 show for the brand, writes Tim Blanks. from Business of Fashion https://ift.tt/DbKQLvq

Shein Suppliers Still Working Excessive Hours, Report Finds

More than a year after the ultra-fast-fashion company said it would tackle issues of unlawful overtime, 75-hour weeks remain common in its supply chain, Swiss watchdog Public Eye found. from Business of Fashion https://ift.tt/HOWDEZe

How Gen X Became Beauty’s Next Big Consumer

Mature consumers have long been ignored by the beauty industry. Now a small but growing number of emerging brands are responding to the needs of those over the age of 45 in a bid to cash in on their $15 trillion spending power. from Business of Fashion https://ift.tt/UrWwuTA

Chinese E-Commerce Giants’ Discounting Spree Hits Consumer Brands

Chinese e-commerce giants Alibaba and JD.com have faced increasing competition in recent years from low-cost platforms, such as PDD Holding’s Pinduoduo and ByteDance-owned Douyin. from Business of Fashion https://ift.tt/61jwdDK

Chinese E-Commerce Giants’ Discounting Spree Hits Consumer Brands

Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world’s second-largest economy. from Business of Fashion https://ift.tt/ACTf7e2

Indie Brands Are Making This Fashion’s Biggest Olympics Ever

Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events. from Business of Fashion https://ift.tt/3r9jGMX

This Week, Luxury Retail’s Next Chapter Takes Shape

The futures of multi-brand luxury heavyweights Yoox Net-a-Porter and Neiman Marcus may be decided in the coming days. from Business of Fashion https://ift.tt/bvHxRzB

Is the Met Gala Worth the Investment?

For dozens of brands, dressing stars for the Met Gala comes at a significant cost. It’s not always clear how they should measure their return on investment, writes Imran Amed. from Business of Fashion https://ift.tt/k523rZc

Jen Atkin’s Editorial Site Mane Addicts Shuts Down, Lays Off Team

Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down. from Business of Fashion https://ift.tt/6rygCzQ

Victoria’s Secret Jumps as Sales Decline Moderates

The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections. from Business of Fashion https://ift.tt/vQBzSVF

Fixing Retail’s Sales Floor to C-Suite Pipeline

Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result. from Business of Fashion https://ift.tt/juvoChF

J.Crew Flagship Reopens in Soho

The American apparel chain has returned to the Manhattan retail neighbourhood for the first time since 2017. from Business of Fashion https://ift.tt/4Ynouki

Why Some Consumers Find Sustainable Marketing So Annoying

Overconsumption and fast fashion have become easy targets for brands flexing their climate-friendly attributes. Consumers may agree with the message — but take issue with a self-righteous tone. from Business of Fashion https://ift.tt/n7LMqRp

Gap Names PepsiCo Exec as Global Chief Marketing Officer

Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions. from Business of Fashion https://ift.tt/xNBXvWb

Allbirds’ Sales Dip Continues in 2024, Losses Narrow

Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, the company reported on Wednesday. from Business of Fashion https://ift.tt/tACwQsg

The Luxury Watches Downturn, Explained

The Swiss watch sector’s slide appears to be more pronounced than the wider luxury slowdown, but industry insiders and analysts urge perspective. from Business of Fashion https://ift.tt/CDSbGQ8

Banned Chinese Cotton Found in 19% of Products, Study Shows

Traces of cotton from Xinjiang were found in nearly a fifth of samples from American and global retailers, highlighting the challenges of complying with a US law aimed at blocking imports that could be linked to forced labour in China. from Business of Fashion https://ift.tt/FPw0V3O

Richemont Acquires Italian Jeweller Vhernier

Vhernier is small but Richemont has a history of turning small brands into success stories from Business of Fashion https://ift.tt/7gs5lJO

L Catterton to Take Tod’s Private

The LVMH-linked firm is betting its $545 million stake in the Italian shoemaker will yield the double-digit returns private equity typically seeks. from Business of Fashion https://ift.tt/Eye0tR2

Coty Sales Rise 8%, Led by Prestige Beauty

Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products. from Business of Fashion https://ift.tt/Vy1ia2X

At the Met Gala, the Fantasy Was Intact

Despite threats of disruption from protests, the Condé Nast union and TikTok’s legal woes, the event continued as planned with attendees dazzling in bespoke and archival ensembles. from Business of Fashion https://ift.tt/JkgPVZB

Shiseido Taps Six Athletes for Sun Protection Campaign

The Japanese skincare company has recruited the likes of softball player AJ Andrews and Anna Leigh Waters to reach new audiences and grow awareness. from Business of Fashion https://ift.tt/I7aQnw2

KidSuper’s Big Ambitions for His Funny Business

The designer — whose bright, arty clothes earned him a place in the 2021 LVMH Prize Finals, and a guest designer post for Louis Vuitton — curated a set at the Netflix Is a Joke Festival this weekend, the latest example of his creative approach to building brand awareness. from Business of Fashion https://ift.tt/bXghqlf

This Week, Tapestry Takes on the FTC; Politics Threaten to Intrude on the Met Gala

The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast. from Business of Fashion https://ift.tt/4OfWUSm

The BoF Podcast | Stan Herman on a Lifetime in Fashion

The former CFDA president sat down with BoF founder and editor-in-chief Imran Amed to discuss his remarkable life and career and how big business has changed the fashion industry. from Business of Fashion https://ift.tt/ypmiMCW

Fashion’s Stalled Self-Checkout Revolution

RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement. from Business of Fashion https://ift.tt/ndmC2wf

What Makes a Red Carpet Moment in 2024

The race to dress fashion’s biggest stars has gotten tighter — and brands are deploying fresh, social media-friendly tactics to generate buzz. from Business of Fashion https://ift.tt/eD9aKMg

Why Weight-Loss Drugs Wegovy, Zepbound Are in Short Supply

Demand for the drugs has proven insatiable. Shortages have left patients already on the medications searching for their next dose and stymied new starters. from Business of Fashion https://ift.tt/5Qef2Bx

Estée Lauder Grows Sales, But Still Hasn’t Solved Its China Problem

The company reported a long-awaited lift in net sales in its third quarter results, with increases from skincare leading the way, but clouds persist over its China recovery. from Business of Fashion https://ift.tt/Hr8xnKI

Sandra Stangl Is Exiting Banana Republic

Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled. from Business of Fashion https://ift.tt/XYqlCAO

Next Sales Rise as Inflation Pressures Ease, Maintains Forecast

The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise. from Business of Fashion https://ift.tt/mWSGhB3