Fashion World News

LVMH, Kering and Hermès all rely on the country to drive a significant portion of global sales, but the pandemic has exposed the market's Achilles’ heel. Brands need to invest in Japanese e-commerce — and fast. from The Business of Fashion https://ift.tt/3aTA5m6

What It's Really Like to Be an Independent Fashion Brand During the Pandemic

A fledgling ready-to-wear label, a wholesale-dependent contemporary player and a venture capital-backed start-up share honest details as they battle for survival. from The Business of Fashion https://ift.tt/2L1xigl

Power Moves | Walmart Appoints CMO, Oasis and Warehouse CEO departs

This week, Walmart taps a marketing executive from Target, while Oasis and Warehouse CEO departs after the company enters administration. from The Business of Fashion https://ift.tt/3aNRqNn

Macy's to Reopen Stores Across 68 Locations

The department store chain said it will resume operations in states with relaxed lockdown measures and has set out a preliminary timeline for opening up the rest of its retail locations. from The Business of Fashion https://ift.tt/2Ym1YR8

Tapestry Reports Near 20% Drop in Quarterly Sales

The Coach owner announced that it will open 40 of its stores in North America on May 1 to help reduce the financial setback caused by the coronavirus pandemic. from The Business of Fashion https://ift.tt/35hbyGx

Where Should Fashion Brands Manufacture Now?

As the global economy faces a pandemic that respects no borders, smart fashion businesses are re-examining China’s place in their supply chain. Six sourcing experts weigh in on the debate. from The Business of Fashion https://ift.tt/3f3LvXN

EU Unions and Regulators Circling Amazon Over Working Conditions

The e-commerce giant has mostly prevented organised labour from penetrating its employee ranks, helping keep costs down. from The Business of Fashion https://ift.tt/35iFvFV

How Covid-19 Changed the Resale Market

Secondhand fashion platforms like Poshmark, Depop and Thredup are seeing high demand during the pandemic. But will it last? from The Business of Fashion https://ift.tt/2WciCzV

Fashion Workers Left Destitute in India

By cancelling orders with Indian suppliers during the country’s chaotic lockdown, global brands are making impoverished workers even more vulnerable in a market where 60 million people depend on the fashion industry for their livelihood. from The Business of Fashion https://ift.tt/3bP2uuJ

The BoF Podcast: Imran Amed on Building The Business of Fashion

BoF’s Editor-in-Chief joins educator and activist Sinéad Burke to discuss how BoF is forging ahead during the Covid-19 crisis in a live event hosted by Istituto Marangoni. from The Business of Fashion https://ift.tt/2Ye8c5D

Report: JD.com to File for $2 Billion Hong Kong Second Listing

The e-commerce platform's potential listing could come as early as the second half of the year. from The Business of Fashion https://ift.tt/2y1qgoX

End of Lockdown to Hasten UK Retail Shift From City Centres

Larger outlets, mostly outside urban centres, can be reopened more easily as they have more space for social distancing from The Business of Fashion https://ift.tt/3d31y67

H&M Set to Permanently Close Eight Shops in Italy

The decision is in part due to the ‘economic sustainability’ of the retail locations, according to a company spokesperson. from The Business of Fashion https://ift.tt/2VKRWXW

Op-Ed | 6 Predictions for Luxury in a Post-Virus World

When the coronavirus crisis subsides, the luxury sector will eventually bounce back, but the market will have changed, write Jean-Noël Kapferer and Jean Revis. from The Business of Fashion https://ift.tt/2SjWOBh

When Pandemic Marketing Goes Too Far: How to Avoid #COVIDwashing

Sentimental commercials about how we’re all in this together are beginning to fall flat. There are other ways to reach consumers. from The Business of Fashion https://ift.tt/2y8ra2R

How to Boost Employee Morale During the Pandemic

BoF talked with executives and experts about how companies can motivate their workforces during this difficult and uncertain time. from The Business of Fashion https://ift.tt/3bYRefH

Op-Ed | 6 Predictions for Luxury in a Post-Virus World

Burberry Closes US Warehouse After Workers Test Positive

A total of three employees tested positive for the virus, and the facility will be closed indefinitely. from The Business of Fashion https://ift.tt/3aSoAeQ

Amazon Calls Workers Back to Warehouses

The retail giant is ending a policy that allowed workers to take unpaid time off. Many worry what awaits them when they return. from The Business of Fashion https://ift.tt/3f204eg

#BoFLIVE: Independent Designers on Their New Reality

Catch up on the live discussion and audience Q&A on how the industry's self-made labels are navigating this unprecedented pandemic, exclusively for BoF Professional Members. from The Business of Fashion https://ift.tt/35b1PBi

#BoFLIVE: Maria Sharapova on Facing Difficult Challenges

Catch up on the live discussion with the retired tennis player, where she shares lessons on mental strength, discipline and resilience. from The Business of Fashion https://ift.tt/35cAoXM

Marks & Spencer Cancels Dividend for Fiscal 2021

The move is set to save the British retailer £210 million. from The Business of Fashion https://ift.tt/2VKcH6a

Amazon’s Pandemic Labour Prompts Investigation in New York

The move comes after the e-commerce giant fired the leader of a Staten Island warehouse walkout. from The Business of Fashion https://ift.tt/2VHlwxu

What Will Stores Look Like When They Reopen?

From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on. from The Business of Fashion https://ift.tt/3cXSdNb

5 Lessons for Brands in Post-Pandemic China

How can the recent performance of giants like Hermès, LVMH, Kering, Li-Ning and L'Oréal help other brands prepare for the next phase of China’s post-pandemic recovery? from The Business of Fashion https://ift.tt/2zwAnlL

Tackling Fashion's Unconscious Bias Problem

As part of our #BoFLIVE series, BBC Director of Creative Diversity June Sarpong shares best practices for better representation. from The Business of Fashion https://ift.tt/2xVl2ep

Adidas Misses Forecasts With 93% Profit Plunge

First-quarter operating profit fell to €65 million, well short of the €263 million expected by analysts. from The Business of Fashion https://ift.tt/3eUxf3w

#BoFLIVE Partner Preview: Adjusting to Fashion's New Work-From-Home Reality

This time of crisis has 'forced people over or through the learning curve,' said Mark Mortensen, associate professor of organisational behaviour at INSEAD, in an exclusive preview of the BoF Careers White Paper, offering his own learnings and insights into remote working practices. from The Business of Fashion https://ift.tt/3cU5u9c

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Richemont, Spanx and Carolina Herrera. from The Business of Fashion https://ift.tt/2Y9aQt7

Careers Counsel | Mental Health and Entrepreneurial Drive in the Time of Pandemic

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/2W12LnV

The State of the Direct-to-Consumer Market

Online brands were facing profitability challenges before the crisis struck. Now, they must confront dramatically lower valuations and the possibility of being sold in distress — or worse. from The Business of Fashion https://ift.tt/3eWND3i

Chanel, Celine and More Rally to Support French Healthcare Workers in One-Off Auction

La Mode S’Engage is fashion’s latest effort in combating the coronavirus crisis. from The Business of Fashion https://ift.tt/2W3xj8e

Bangladesh Textile Workers Demand Wages in Protest

The country is set to lose export revenue of about $6 billion this year due to cancellations from retailers and vendors. from The Business of Fashion https://ift.tt/2VHkz8F

Italy Prepares to Open Manufacturing Businesses Early May

The prime minister gave the most detailed outline yet of plans to reopen the economy, in a newspaper interview ahead of the government's roadmap out of lockdown. from The Business of Fashion https://ift.tt/2xYaZVC

UK Retail Readies for Coronavirus Lockdown Easing With New Guidance

New guidance includes providing hand sanitiser for customers, limiting numbers in shops at any one time, installing protective screens at tills and encouraging cashless payments. from The Business of Fashion https://ift.tt/2KxleDd

The American Department Store's Real-Time Reckoning

This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3eRLpCA

Department Stores Offer Curbside Service as Stores Reopen

Saks Fifth Avenue stylists and personal shoppers are sending messages to clients in Texas, telling them they can schedule appointments to shop online and collect merchandise curbside or make returns. from The Business of Fashion https://ift.tt/3cPjQId

Burberry Will Not Take British State Crisis Cash to Pay Staff

The label said it will pay its entire global staff even if they are unable to work as stores remain closed during the coronavirus pandemic. from The Business of Fashion https://ift.tt/2S7iqRc

French Court Backs Workers in Amazon Dispute over Virus Safety Measures

The spat has accentuated losses for some French businesses that were still managing to sell and ship through Amazon. from The Business of Fashion https://ift.tt/2VAFxWL

A Fashion World Without Department Stores

Debt-laden Neiman Marcus seems set to be the first major American department store to succumb to the coronavirus crisis in what could become a wave of insolvencies across the sector. What will the fashion landscape look like as these once-mighty chains falter? from The Business of Fashion https://ift.tt/2Y178lh

JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis

The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.         from The Business of Fashion https://ift.tt/3eO3O2X

The BoF Podcast: Silvia Venturini Fendi Will Surprise You

In the latest special edition of the BoF Podcast, Fendi Creative Director Silvia Venturini Fendi talks to BoF Editor-at-Large Tim Blanks about everything from the future of smart clothing to the end of the fashion show as we know it. from The Business of Fashion https://ift.tt/3eKsk5f

French Court to Rule on Amazon Union Spat as Vendors Struggle

With most retailers closed in France, e-commerce has become a lifeline for many small firms. from The Business of Fashion https://ift.tt/2xVnzoK

Why Beauty Companies Keep Tinkering With Their Hit Products

In the age of 'clean' beauty and a demand for transparency, beauty companies are making sometimes costly decisions to reformulate key products to address customer feedback. from The Business of Fashion https://ift.tt/2Y8DmeJ

#BoFLIVE: The Inventory Problem

A live discussion and audience Q&A on how brands can clear inventory in what will likely be the biggest markdown season ever. from The Business of Fashion https://ift.tt/2yDb3du

#BoFLIVE: The Future of Menswear

A live discussion and audience Q&A on what's next for menswear designers after the cancellation of the June shows. from The Business of Fashion https://ift.tt/2Y1i9mQ

Will Covid-19 Change Fashion Photography?

In the face of social distancing measures, photographers have embraced new modes of image-making on platforms like Zoom and FaceTime. But the long-term impact of the crisis could go even deeper. from The Business of Fashion https://ift.tt/3cJVnnz

Can Fashion Cash in on the Animal Crossing Craze?

The Nintendo Switch game, released in late March, has captured the attention of fashion enthusiasts waiting out the coronavirus pandemic. But it presents no clear way for fashion to monetise its popularity just yet. from The Business of Fashion https://ift.tt/2Vy2MRb

British Government Suspends Commercial Evictions

The move comes after trade bodies wrote a letter to Chancellor Rishi Sunak seeking rental support. from The Business of Fashion https://ift.tt/2S4juFH

Power Moves | Lululemon CFO Exits, American Eagle Appoints CFO

This week, Patrick Guido steps down as Lululemon’s CFO of two years, while American Eagle hires a new CFO from within. from The Business of Fashion https://ift.tt/2xHuVMB

Adidas to Replace €2.4 Billion Loan From German State Bank With a Multi-Billion Bond

Reports suggest the sports retailer no longer requires the government-backed loan which it agreed to earlier this month to curb the financial impact of the coronavirus pandemic. from The Business of Fashion https://ift.tt/3arVl1X

Gap Suspends $115 Million Monthly Rent Payments

The retailer said it may not have enough funds to run its operations in the next 12 months. from The Business of Fashion https://ift.tt/2XUfdIC

Target's Online Sales Jump as Shoppers Stock Up From Home

The big box retailer expects to gain market share in apparel as competitors struggle. from The Business of Fashion https://ift.tt/3aAW1lD

Hermès Weathers Coronavirus Storm Better Than Luxury Rivals

The Parisian house saw a 7.7 percent drop in first-quarter sales compared to declines of 15 percent or more reported by other luxury groups. from The Business of Fashion https://ift.tt/34YICCL

#BoFLIVE: How to Work With Influencers in the Era of Covid-19

Catch up on the live discussion and audience Q&A on the smart ways to tap influencers during this difficult time, as engagement on social media skyrockets and brands slash marketing spend. from The Business of Fashion https://ift.tt/2XYZRCs

For Some Labels, Drops Are Still Working When Nothing Else Is

The model’s enduring success for streetwear brands and niche labels alike may be a lesson to those that have treated it simply as a marketing gimmick. from The Business of Fashion https://ift.tt/3eGtOxn

Try Virtual Vouchers Instead of Deep Discounting

Global giants like Zara, H&M and Nike are experimenting with virtual vouchers to get people spending again in China. Should other brands follow suit to avoid the potentially harmful practice of deep discounting? from The Business of Fashion https://ift.tt/3cKHSUr

What the Potential End of the Victoria’s Secret Deal Means for Retail M&A

The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal. from The Business of Fashion https://ift.tt/34ZG87u

For Some Labels, Drops Are Still Working When Nothing Else Is

The Best-Case, Worst-Case for Fashion Media

The coronavirus pandemic has thrown a wrecking ball at legacy fashion publishers and the fallout only is just beginning. Where might things shake out? from The Business of Fashion https://ift.tt/2S17Fjn

American Eagle Pulls Its Annual Forecast

Shares of the retail dropped 14 % after the announcement, with the retailer adding that current-quarter results would be significantly hit by coronavirus-related store closures. from The Business of Fashion https://ift.tt/2xQzmEM

Global Garment Industry Calls for Support for Manufactures

Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods. from The Business of Fashion https://ift.tt/2xQ4Uur

Moncler Hopes for Rebound in Second Half of 2020

Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year. from The Business of Fashion https://ift.tt/2wX0Fg6

Beauty Industry Remakes Product Pitches in the Age of Coronavirus

Consumers are focusing on self-care products like skincare and at-home hair colouring products. from The Business of Fashion https://ift.tt/2VTNCo6

Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal

The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments. from The Business of Fashion https://ift.tt/2xGoIk4

#BoFLIVE: Huda Kattan on Running a Beauty Empire During Covid-19

Catch up on the live discussion with the beauty influencer-turned-entrepreneur, who talks about the challenges of running a billion-dollar beauty company in the age of coronavirus. from The Business of Fashion https://ift.tt/2VSxnYJ

Boohoo Sales Growth Declines Amid the Coronavirus Outbreak

The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April. from The Business of Fashion https://ift.tt/2Kq5MsA

How Are Sports Brands Marketing Without Sports?

Nike, Adidas and Under Armour sponsor professional sports and athletes to stand out globally. Online, they have more competition, but their connection to champions stills mean something to quarantined consumers. from The Business of Fashion https://ift.tt/3cyfcxS

Gucci Is Pulling Further Back from Wholesale, and 6 Other Key Takeaways From Kering's Q1 Results

Kering Chief Financial Officer Jean-Marc Duplaix was hesitant to draw any conclusions about how a global recovery might look like from the few weeks of partially reopened stores in China. from The Business of Fashion https://ift.tt/34W50wK

Gulf Retailers Will Suffer During Ramadan

With the most important sales period of the year wiped out across the Middle East, luxury brands could be hit hard in key markets like the UAE, Kuwait and Saudi Arabia due to mall closures and lockdown. from The Business of Fashion https://ift.tt/2RZfLZR

Fashion Is Working From Home. How to Make It Work.

In a special BoF Careers white paper, we explore how the industry can optimise their teams, culture and processes to survive and thrive in the coronavirus context, based on the results of a BoF Community Survey on the workplace impact of Covid-19. from The Business of Fashion https://ift.tt/3eG3CCW

Lord & Taylor Explores Bankruptcy

It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said. from The Business of Fashion https://ift.tt/2RYxikT

John Lewis Full-Year Sales Could Fall 35%

Sales at the department stores were down 17 percent year-on-year since the middle of March. from The Business of Fashion https://ift.tt/2XUpi8w

Primark Owner AB Foods Omits Dividend to Save Cash in Coronavirus Crisis

Primark's 376 stores remain closed since March, representing a loss of $806 million of net sales per month. from The Business of Fashion https://ift.tt/3bq5mOJ

Fast Retailing to Reopen Two Uniqlo Stores in Berlin

The clothing retailer will be the first in Europe to resume business after all but one of its stores in the region shut due to the coronavirus. from The Business of Fashion https://ift.tt/3cuf3LY

Shopify to Offer Loan Advances for Canadian Small Businesses

Through the e-commerce company's financing program, 'Shopify Capital,' the advances would be repaid through future sales. from The Business of Fashion https://ift.tt/3cvmm60

When it Comes to Social and Environmental Transparency, Fashion Continues to Fall Short

Fashion Revolution’s annual index shows signs of progress, but the fallout from Covid-19 has revealed how much the industry still needs to improve. from The Business of Fashion https://ift.tt/2VnpA5W

What Brands Are Doing Instead of Influencer Campaigns

With pre-pandemic budgets slashed, brands are relying less heavily on influencers, using what marketing dollars they have left in creative ways. from The Business of Fashion https://ift.tt/2KkaWpN

On the Frontlines of Retail There Are No Heroes, Only Victims

Most retail workers are woefully underpaid, stripped of rights and treated as interchangeable parts in a global retail machine, writes Doug Stephens of Retail Prophet. from The Business of Fashion https://ift.tt/2Kp7qdC

Luxury’s Future Depends on China’s Recovery. Will it Come Fast Enough?

China’s unprecedented GDP contraction suggests that a global recovery could be more prolonged and painful than previously anticipated. Like the economy they rely upon, most luxury brands are now in uncharted waters. from The Business of Fashion https://ift.tt/3bslgIf

What Vestiaire Collective’s €59 Million Fundraise Says About the Future of Luxury Resale

The company has closed its latest funding round in the throes of the coronavirus pandemic, suggesting resale is one area of luxury investors are optimistic about. from The Business of Fashion https://ift.tt/2xBR4Ml

Shopify to Offer Loan Advances for Canadian Small Businesses

Through the e-commerce company's financing program, 'Shopify Capital,' the advances would be repaid through future sales. from The Business of Fashion https://ift.tt/2ytA8Yo

#BoFLIVE: Styling Masterclass With Lucinda Chambers

Catch up on the live masterclass by the top stylist who spent over three decades in magazines. from The Business of Fashion https://ift.tt/2VmFoWt

Britain's High Street Seeks Government Rent Support

The scheme would support the fixed costs of businesses that have experienced dramatic falls in turnover due to the coronavirus outbreak. from The Business of Fashion https://ift.tt/3bmKt6Q

Primark Commits to Pay Suppliers £370 Million for Orders

The fast fashion retailer, which has shut all stores due to the coronavirus crisis, had previously only committed to covering orders that were in transit or booked for shipment. from The Business of Fashion https://ift.tt/3cAgzvY

Job Skills Entrepreneurs Seek During Covid-19

Catch up on the Q&A with Alighieri's Rosh Mahtani and Manu Atelier's co-founder Merve Manastir on how they have responded to market realities and the skill gaps they see opening up. from The Business of Fashion https://ift.tt/3eL6NcC

How I Became… Chief Operating Officer of Evolved By Nature

By harnessing liquid silk to replace biologically harmful chemicals in skincare and textiles, capturing the interest and subsequent investment from Chanel, Dr Rebecca Lacouture is paving the way in sustainable beauty product development. from The Business of Fashion https://ift.tt/2KlmLfi

Announcing Fear of God and Bob’s Watches

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/2wX8R02

Careers Counsel | 5 Skills You Need to Demonstrate to Land a Remote Job

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/3exi8ga

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Farfetch, Guess and Vetements. from The Business of Fashion https://ift.tt/34O1nsN

What to Do With All That Excess Inventory

Brands and retailers are sitting on mountains of spring and summer collections that they need to clear in what will likely be the biggest markdown season ever. from The Business of Fashion https://ift.tt/2RP2tiu

Sweatsuits and Yoga Pants Are Selling Like Crazy. What Happens When Lockdowns End?

Post-pandemic, activewear and loungewear brands are going to have to work harder than ever to attract customers in a ballooning market. from The Business of Fashion https://ift.tt/2Vk5iKK

Fashion’s Key Takeaways from Mary Meeker’s Coronavirus Trends Report

In her influential annual forecast, the analyst turned venture capitalist predicts that many of the technologies companies have used to weather the coronavirus pandemic will have staying power. from The Business of Fashion https://ift.tt/3eynLe1

Report: Neiman Marcus to File for Bankruptcy This Week

The retailer will become the first major US department store to succumb to Covid-19's economic fallout, sources say. from The Business of Fashion https://ift.tt/2xGg2dj

Consumers' Priorities Have Changed. Can Fashion Keep Up?

This week, everyone will be talking about the return of climate activism, more financial results from luxury brands and retailers experimenting with reopening stores. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2XOtNRY

Bangladesh Garment Workers Break Lockdown to Protest Wages

- April 18, 2020

The government launched a $588 million package to help companies in the garments sector pay staff, but manufacturers have said it is not enough. from The Business of Fashion https://ift.tt/3cuLJoO

Report: Amazon Deploys Thermal Cameras to Scan Warehouse Staff

- April 18, 2020

The e-commerce giant has rolled out the technology in at least six warehouses outside Los Angeles and Seattle, according to employees and social media posts. from The Business of Fashion https://ift.tt/2xH5g6t

The BoF Podcast: Luis Venegas on Print Media in an Age of Uncertainty

In the latest episode of the BoF Podcast, Madrid-based publisher Luis Venegas talks to BoF Editor-at-Large Tim Blanks about the fate — and resilience — of print magazines. from The Business of Fashion https://ift.tt/2KclFm7

Caution: China’s Luxury Rebound Isn’t What It Seems

Sales trends in Mainland China are encouraging, but don’t reflect anything remotely close to a cure for luxury’s woes. from The Business of Fashion https://ift.tt/3btOW7G

#BoFLIVE: How to Pivot Your Skill Set with Gabriele Hackworthy

Catch up on the Q&A discussion with Jimmy Choo's Gabriele Hackworthy on pivoting your skills and reimagining the potential of your skill set to find both interim employment and future opportunities. from The Business of Fashion https://ift.tt/2XLKTzI

L'Oréal Banks on Post-Lockdown Rush to Hair Salons

The cosmetics company has so far seen a 4.8 percent fall in comparable first-quarter sales. from The Business of Fashion https://ift.tt/2KfmhHz

Beauty Brands That Sell in 'Essential' Retailers Are Feeling Pretty Lucky Right Now

Mass retailers were seen as the unglamorous alternative to Sephora. Now they’re the only game in town. from The Business of Fashion https://ift.tt/2KbkYcC

Amazon France CEO Hopes to Reopen Warehouses 'Very Quickly'

The company closed six French warehouses after a fallout with its workers over safety measures during the coronavirus outbreak. from The Business of Fashion https://ift.tt/34HJ2NK

#BoFLIVE: The Next Wave of Luxury E-Commerce

A live discussion and audience Q&A on what's next for luxury retail as once-groundbreaking multi-brand giants face significant changes in consumer behaviour — and a growing, diverse stable of competitors. from The Business of Fashion https://ift.tt/2KdPPW4

#BoFLIVE: The Future of PR

A live discussion and audience Q&A on what it takes to help brands manage their image and reach consumers. from The Business of Fashion https://ift.tt/2z3GJsB

LVMH's Q1 Results: What You Need to Know

How the luxury giant is preparing for a difficult year, and where it sees signs of growth. from The Business of Fashion https://ift.tt/3evcZp1

5 Fashion M&A Predictions

Private equity firms, mega retailers and strategic groups that emerge from the crisis with cash to spare will be on the hunt. But what will they be buying? from The Business of Fashion https://ift.tt/2RMlSAF

The New Normal: The Innovation Imperative Is Here to Stay

Companies will need to embed crisis-born innovations into long-term strategies to future-proof their business models, resulting in radical and enduring changes to their organisations and the wider industry, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/2XJKPke

Neiman Marcus Skips Bond Payment

The retailer has been advancing preparations for bankruptcy, and is now in default with its creditors according to a letter seen by Reuters. from The Business of Fashion https://ift.tt/3ep3Wps

Italy's Fashion Industry Urges Rome to Lift Restrictions on Production

Leaders say not reopening shortly to produce the autumn/winter collections would mean missing almost a year's worth of turnover. from The Business of Fashion https://ift.tt/3ewrpFs

L'Oreal Sales Fall in First Quarter, E-Commerce Surges

The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased. from The Business of Fashion https://ift.tt/34LKXRt

UK Retail Braces for Historic Slump

With non-essential stores closed under lockdown measures and consumer confidence at an all-time low, the industry has seen a 27 percent year-on-year drop in sales in the two weeks to April 4, according to the British Retail Consortium. from The Business of Fashion https://ift.tt/3erlBg6

Power Moves | EBay Names CEO, Tapestry Adds to Board

This week, EBay hires a Walmart e-commerce executive to lead the company, while Coach owner Tapestry appoints the former chief executive of Hershey’s to its board. from The Business of Fashion https://ift.tt/2VDcyQC

#BoFLIVE: Lessons Learned by Daniel Marks & Julietta Dexter

Catch up on the Q&A discussion between Daniel Marks and Julietta Dexter from The Communications Store on building a career in strategic communications. from The Business of Fashion https://ift.tt/2VxApRZ

Patriotic Consumers Are Changing the Chinese Market. Here’s How.

As nationalism grows in post-pandemic China, global brands must work hard to compete against popular local players and tread even more carefully in the world’s largest fashion market. from The Business of Fashion https://ift.tt/2RFUFjd

Zalando Looks to Concession Model for Growth

The German fashion e-tailer sees the pandemic, which has forced most stores to close across Europe and North America, as an opportunity to turbocharge its sales platform, which handles e-commerce operations for third-party brands. from The Business of Fashion https://ift.tt/2RHaVk2

How to Pitch Fashion Media Right Now

The pandemic has made it harder than ever for brands and PR to break through the noise of a crowded inbox. BoF spoke with editors and writers about what’s working in the age of Covid-19— and what’s not. from The Business of Fashion https://ift.tt/2wJgQ0D

Fashion Looks to China for a Glimpse of Its Future

Now that China has passed the peak of its coronavirus outbreak, a major push is underway to restart the economy. But to what extent will the Chinese market be a 'crystal ball' for businesses elsewhere as they enter the recovery phase of the pandemic? from The Business of Fashion https://ift.tt/3bdFB41

The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities

The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/2VwqsUT

A Letter to the BoF Community

from The Business of Fashion https://ift.tt/2KdxGHP

Amazon to Temporarily Close French Warehouses After Court Ruling

The closure comes after a French court ordered the world's biggest online retailer to only deliver essential goods while it improves health and safety measures for employees, or face a fine. from The Business of Fashion https://ift.tt/3elUAL3

#BoFLIVE: Coronavirus Update to The State of Fashion 2020

Catch up on the live discussion and audience Q&A unpacking the special Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/2Vbdrkp

Adidas Secures €3 Billion Coronavirus Funding From German Sate Bank

The sports retailer will also suspend its dividend as a condition of the government-backed loan. from The Business of Fashion https://ift.tt/2XD0uS0

How to Discount Smartly During Covid-19

It's almost inevitable that brands will need to implement mark downs during this period of uncertainty. However, a creative and disciplined approach can help offload inventory while keeping customers engaged. from The Business of Fashion https://ift.tt/3bckqiz

Protecting Workers' Rights Is Harder Than Ever in a Pandemic

Covid-19 has spotlighted inequalities that labour rights advocates have been campaigning to fix for years. But while the crisis could push forward systemic change, many fear it could also make things worse. from The Business of Fashion https://ift.tt/2xyx5xV

Op-Ed | An Enlightened Post-Pandemic Consumer? Don’t Count on It.

Some believe coronavirus will prompt fashion consumers to reassess their values and shift spending away from fast fashion and luxury megabrands. They are wrong, argues Eugene Rabkin.     from The Business of Fashion https://ift.tt/2xywcW7

The New Normal: Digital Is Set For a Step Change

Lockdowns and social distancing measures have made digital an urgent priority across the entire value chain but navigating the recovery will require sustained focus on scaling up and strengthening digital competencies, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/2K7m5dq

Amazon Fires Two Tech Workers After Criticism of Warehouse Conditions

The retail giant stated that the workers repeatedly violated internal policies after speaking out. from The Business of Fashion https://ift.tt/2wFOnZB

Rolex Joins Leading Watchmakers Withdrawing From Baselworld

The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel. from The Business of Fashion https://ift.tt/2XBzdiU

Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options

Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak. from The Business of Fashion https://ift.tt/2wF7yTl

LVMH Cancels 2020 Prize Final, Launches Fund for Previous Winners

The €300,000 award will be split equally between the eight finalists. from The Business of Fashion https://ift.tt/3cj7FmI

Next Reopens Online Business Following Coronavirus Shutdown

The British retailer said it will initially only offer categories most needed by consumers and has implemented additional safety measures to cope with the Covid-19 pandemic. from The Business of Fashion https://ift.tt/2yXqqxv

Macy's Taps Investment Bank to Explore Recapitalisation

Macy's has asked advisers to help manage its liabilities and explore options that could include new financing, sources say. from The Business of Fashion https://ift.tt/2K068Ws

Allbirds Looks Beyond Covid-19 Crisis with Carbon Calorie Count

The digitally-native footwear brand is labelling all its products with their carbon footprint as it bets consumers will emerge from the current crisis more engaged than ever with issues relating to sustainability. from The Business of Fashion https://ift.tt/2Vpe9cR

At Condé Nast and Hearst, It’s About More Than the Current Crisis

The rival publishers have so far taken different approaches to managing what’s in front of them — and anticipating what’s to come. from The Business of Fashion https://ift.tt/2wD5rzp

The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers

As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/2RxkiCr

How to Make Digital Fashion Weeks Work

When fashion weeks in Asia were called off, designers and organisers had to think on their feet and turned to livestreams to engage with their communities digitally. Here’s what worked and what didn’t. from The Business of Fashion https://ift.tt/2yedoLA

To Survive, Luxury Fashion Must Hibernate

Companies should reduce their cost perimeters, keeping as many of their personnel and key assets as possible, while stopping virtually all manufacturing and sourcing, argues Luca Solca. from The Business of Fashion https://ift.tt/2XtwCaS

True Religion Files for Bankruptcy Protection

The denim brand is the latest retailer hit by the coronavirus pandemic, filing for Chapter 11 for the second time in less than three years. from The Business of Fashion https://ift.tt/2Vo1fMk

A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work

The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety. from The Business of Fashion https://ift.tt/2wCcBnx

Chinese Manufacturing Recovering, but Demand Now a Concern

A European business group warned shutdowns in the rest of the world are threatening the supply of key parts and demand. from The Business of Fashion https://ift.tt/2xsc3Rn

How to Pivot Your Skill-Set During Covid-19

'When the current situation ends, you should have 100 ideas ready to action,' says communications and marketing specialist Gabriele Hackworthy, who shares her advice for freelancers. from The Business of Fashion https://ift.tt/3ejo6Bi

Careers Counsel | How to Elevate Your Presence in a Virtual Meeting

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/2K308w1

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Shopify, Valentino and Vestiaire Collective. from The Business of Fashion https://ift.tt/3ekwhgs

How to Win at Instagram Live

While consumers are confined to their homes, they are engaging with brands more than ever on the social media platform through real-time, live stream programming. But the point isn’t to sell products. from The Business of Fashion https://ift.tt/2XxKJMi

The New Normal: Survival Instincts Will Drive Business Adaptation

Economic recovery will be slow, forcing fashion players to ramp up resilience planning and adapt their operating models in order to survive, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/3cgXorg

Macy's Taps Investment Bank to Explore Recapitalisation

Macy's has asked advisers to help manage its liabilities and explore options that could include new financing, sources say. from The Business of Fashion https://ift.tt/3b9lR1y

How Will Fashion Megabrands Handle the Next Phase of the Coronavirus Crisis?

This week, everyone will be talking about LVMH's assessment of the pandemic's impact, the prospect of extended lockdowns in the US and UK, and China's economic recovery. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2yRSvWZ

Warehouse Workers Risk Covid-19 to Ship Gucci Shades, Face Cream, Sofas

- April 11, 2020

Government stay-home orders have carve-outs for warehouses or e-commerce operations, allowing a wide array of retailers to piggyback on exemptions intended primarily to ensure the flow of necessities. from The Business of Fashion https://ift.tt/2V2aHpF

How Amazon Fashion Could Save a Generation of Designers

The deep-pocketed e-commerce giant could use its unrivalled platform to support young designers and connect a universe of independent labels with millions of digital consumers, swiftly establishing itself as one of the world’s top fashion destinations. from The Business of Fashion https://ift.tt/2UXc4py

Why the Clare Waight Keller-Givenchy Partnership Was Short-Lived

The artistic director joined the house three years ago. from The Business of Fashion https://ift.tt/2xaRdGk

The BoF Podcast: Sam McKnight on Why Fashion Is the ‘Eternal Optimist’

In the latest special edition of the BoF Podcast, celebrated hair stylist Sam McKnight talks to BoF Editor-at-Large Tim Blanks about the future of hairstyling and the fashion industry beyond the coronavirus pandemic. from The Business of Fashion https://ift.tt/2Xupvij

Louis Vuitton Reopens Ready-to-Wear Atelier to Make Hospital Gowns

Chief Executive Michael Burke tells BoF about the effect of the pandemic shutdown on the business and the beginning of a return to normal in China. from The Business of Fashion https://ift.tt/3c8VDwc

Clare Waight Keller Exits Givenchy

The artistic director joined the house three years ago. from The Business of Fashion https://ift.tt/2JV3DES

Brunello Cucinelli Halts Dividend

Last year, the group said it expected revenues to rise by around 8 percent in 2020, and core earnings and profit to grow more than sales. But the coronavirus crisis will force it to miss those targets. from The Business of Fashion https://ift.tt/3edIdAz

Beauty Booms in the Zoom Era

Beauty retailers like Ulta are seeing their online businesses skyrocket. They have 'the lipstick effect' — consumers' desire for affordable luxuries in a crisis — to thank. But it's a different suite of products boosting sales this time. from The Business of Fashion https://ift.tt/34sPacw

François-Henri Pinault Announces Pay Cut

The chairman and CEO of Kering's fixed salary will be cut by 25 percent until the end of 2020. from The Business of Fashion https://ift.tt/34BSQcp

Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend

First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million). from The Business of Fashion https://ift.tt/34nEsnV

How 5 Very Different Brands Are Managing E-Commerce Right Now

With physical shopping on hold for the foreseeable future, everyone from multi-brand retailers to luxury labels are retooling their online sales and marketing strategies to adapt to the challenges of the coronavirus pandemic. from The Business of Fashion https://ift.tt/2XozAxf

Natura Sees E-Commerce Growth Amid Coronavirus Crisis

The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months. from The Business of Fashion https://ift.tt/39R0ws4

#BoFLIVE: Fashion’s Supply Chain Disruptions: What You Need to Know

Catch up on the Q&A discussion between BoF Sustainability Correspondent Sarah Kent and News & Features Editor Brian Baskin. from The Business of Fashion https://ift.tt/2xYp5Gi

Debenhams Enters Administration for Second Time

The ailing British department store, which narrowly avoided collapse roughly 12 months ago, has already liquidated its operations in Ireland. from The Business of Fashion https://ift.tt/3c2iOYT

Power Moves | Macy’s CFO Resigns, Asos Names Chief Strategy Officer

This week, Paula Price steps down after less than two years as Macy’s CFO, while Asos hires a McKinsey partner to lead on strategy. from The Business of Fashion https://ift.tt/2Vdd7AI

The Fitness Fashion Frenzy That Just Got Bigger

As health and wellness spikes in post-quarantine China, some consumers are likely to prioritise posh gym gear over traditional luxury goods. At least for a little while. from The Business of Fashion https://ift.tt/2ViTQxy

#BoFLIVE: What Will the Store of the Future Look Like?

A live discussion and audience Q&A on the drastic changes and transformations that physical retail is undergoing in the age of coronavirus, exclusively for BoF Professional Members. from The Business of Fashion https://ift.tt/39YTKk2

#BoFLIVE: How to Work With Influencers in the Era of Covid-19

A live discussion and audience Q&A on the smart ways to tap influencers during this difficult time, exclusively for BoF Professional Members. from The Business of Fashion https://ift.tt/2Xoivn8

#BoFLIVE: The State of Fashion 2020: Coronavirus Update

A live discussion and audience Q&A unpacking the special Coronavirus Update to The State of Fashion 2020. from The Business of Fashion https://ift.tt/3c5trdy

Fast Retailing Predicts 44% Annual Profit Decline Due to Coronavirus

The owner of brands including Uniqlo and Theory also cut its full-year dividend outlook fro ¥480 ($4.41) per share, down from ¥500, as it reels from economic challenges beyond its key China market. from The Business of Fashion https://ift.tt/2XlPfxq

'Revenge Buying' in China Won’t Save Luxury

While other countries have experienced panic buying of essentials during lockdown, China has been debating whether a decadent shopping spree known as 'revenge buying' will be unleashed after the pandemic. from The Business of Fashion https://ift.tt/2JSY1uG

For Luxury, an Acceleration of the Inevitable

Will the coronavirus pandemic change the way consumers shop forever? When it comes to the market for personal luxury goods, expect behaviour to shift far more quickly than anticipated. from The Business of Fashion https://ift.tt/2wvjmaI

How Will the Jewellery Market Weather Covid-19?

In the past, hard luxury has served as a form of universal currency during times of war and strife. But will the same be true in this pandemic? from The Business of Fashion https://ift.tt/2UWB7sW

Independent Fashion Labels of the World, Unite!

There’s strength in numbers, argues Lauren Sherman. from The Business of Fashion https://ift.tt/3b76OFe

#BoFLIVE: Digital Marketing with Drew Elliott

Catch up on the Q&A discussion between Global Creative Director of M.A.C Cosmetics Drew Elliott and BoF Editor-in-Chief Imran Amed. from The Business of Fashion https://ift.tt/2RnEEya

Tiffany Says Australian Regulators Seek More Time to Review LVMH Deal

The decision is due to the coronavirus outbreak and could delay the closure of the deal, which is expected to be finalised by mid-2020. from The Business of Fashion https://ift.tt/2VcePC7

H&M Borrows €980 Million to Boost Liquidity Buffer

The fast fashion retailer warned it would make a loss for the first time in decades in its second quarter. from The Business of Fashion https://ift.tt/2V5ZfI8

BoF Exclusive | Huda Kattan to Forgo Salary for the Year Amid Coronavirus Pandemic

The Huda Beauty founder also committed to not making any Covid-19-related layoffs for the rest of 2020. from The Business of Fashion https://ift.tt/2JRtiON

Levi's Returns to Life in China as Stores Reopen, Online Sales Rise

But the American company is facing a mounting crisis at home, where it will furlough all its retail store staff. from The Business of Fashion https://ift.tt/2XkXNom

The State of Fashion 2020 Coronavirus Update

Faced with a 27 to 30 percent contraction in global revenues, fashion is currently focused on crisis management and contingency planning, but eventually we must shift towards re-imagining our industry altogether. The Coronavirus Update to The State of Fashion 2020 outlines where we must focus once the dust settles. Download the full report. from The Business of Fashion https://ift.tt/2Vg7m50

The State of Fashion 2020 Coronavirus Update: Download the Report

Click below to download BoF and McKinsey & Company's in-depth report on the global fashion industry in the wake of the coronavirus crisis, focusing on the themes, issues and opportunities impacting the sector. from The Business of Fashion https://ift.tt/2xcmfgS

Governments Have Promised Small Business Loans. Getting Them Isn’t Easy.

On both sides of the Atlantic, programmes offering billions of dollars in government loans to small businesses have made for powerful headlines. But these loans, typically distributed by commercial banks, come with plenty of hurdles for those who need funding most. from The Business of Fashion https://ift.tt/39Ymx8A

V Magazine Launches Initiative to Support Emerging Creative Talent in the Era of Covid-19

CreatiVity is one of many programmes set up by media companies to boost exposure for young creatives. from The Business of Fashion https://ift.tt/2yJuq4J

Off-Price Retailer TJX to Furlough Most of About 286,000 Staff

The company said store reopening dates would defer based on the state and locality of the outlet. from The Business of Fashion https://ift.tt/34gQBuP

Asos Plans Equity Increase and Debt Extension

Shares in ASOS closed up 34 percent, paring 2020 losses to 54 percent. from The Business of Fashion https://ift.tt/2xShaKB

In Crisis, Don’t Ditch Sustainability

Under severe economic pressure, it’s tempting to see social responsibility as dispensable, but it’s as essential as ever to long-term strategy, argues Clare Press. from The Business of Fashion https://ift.tt/2xV7b7q

The Story of Telfar: Agony, Ecstasy and Covid-19

After more than a decade of toil, American designer Telfar Clemens was finally poised for mainstream success, with a hit bag nicknamed the ‘Bushwick Birkin’ and a cultural message ripe for the times. Then came coronavirus. from The Business of Fashion https://ift.tt/3bU3JbR

Is This the End of Wholesale, or the Beginning of Something Better?

Department stores are cancelling orders and delaying payments, pushing designers to a breaking point and calling into a question a system that has been challenged for years. from The Business of Fashion https://ift.tt/2V7sWsn

Industry Sees Hope in China, as Coronavirus Takes Toll in the West

Coronavirus is spreading across the world with signs of recovery in Asia offset by growing pandemonium in Europe and the United States. from The Business of Fashion https://ift.tt/39IOyRe

Gap Inc. Cancels Summer and Fall Orders As Covid-19 Bites

The US retailing giant asked suppliers to stop shipping orders and halt production for the fall season, taking drastic measures to mitigate fallout from a widespread retail lockdown. from The Business of Fashion https://ift.tt/2UNnzzK

The BoF Podcast: Charles Jeffrey on What It’s Like to Be a Rising Designer in the Midst of a Pandemic

In the latest special edition of the BoF Podcast, designer Charles Jeffrey talks to BoF Editor-at-Large Tim Blanks about self-reflection during the coronavirus crisis, and the evolution of his brand, Loverboy. from The Business of Fashion https://ift.tt/34eqmoI

Debenhams Prepares to Enter Administration for a Second Time in a Year

The British department store said it plans for a ‘light touch’ administration while its 142 stores remain closed under the coronavirus lockdown and 22,000 staff are furloughed. from The Business of Fashion https://ift.tt/3e2Q9VA

How I Became... A Shoe Designer

Fabrizio Viti has worked with the likes of Tom Ford, Miuccia Prada, Marc Jacobs and Nicolas Ghesqiuère, and launched an eponymous label in 2016. from The Business of Fashion https://ift.tt/2JGOyqa

How to Communicate Internally and Externally Through a Pandemic

Julietta Dexter and Daniel Marks, CEO and chief creative officer of The Communications Store, share best practices in communicating in a time of crisis — internally to your employees and externally to your community. from The Business of Fashion https://ift.tt/2V4UkaH

The Dos and Don'ts of Virtual Collaboration

Melinda Stevens shares her insights and learnings on digital collaboration from her experience as the editor-in-chief for Condé Nast Traveller's UK and US teams. from The Business of Fashion https://ift.tt/39LxFFu

Careers Counsel | 3 Tips to Avoid Work From Home Burnout

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/3bTmThP

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Theory and Marine Serre. from The Business of Fashion https://ift.tt/2V77fZr

Announcing CDLP and NuORDER

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/2V71ECE

Report: Neiman Marcus Advances Bankruptcy Preparations

The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said. from The Business of Fashion https://ift.tt/2x5Ivcb

The Dos and Don’ts of Marketing During a Pandemic

Despite the difficulty the global health crisis and ensuing economic fallout has created, brands need to communicate clearly and honestly with their customers now more than ever. from The Business of Fashion https://ift.tt/2RbDGon

Does Chanel's Barely There E-Commerce Strategy Make Sense in the Pandemic?

The luxury giant does not sell fashion, fine jewellery or watches online, leaving it without alternatives for many of its lucrative categories as stores are closed. from The Business of Fashion https://ift.tt/3dZG3EE

In Crisis, Don’t Ditch Sustainability

U.S. Banking Group Warns of "Massive" Delays With Small Business Rescue Program

An independent group of bankers wrote to the US Treasury on Saturday that lenders were experiencing delays in processing loans, and experiencing technical difficulties. from The Business of Fashion https://ift.tt/3bX231l

What Will Stores Look Like Post-Pandemic?

This week everyone will be talking about the future of retail in a post-pandemic world, the state of the "drop" model and the proliferation of spring sales. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2wSFI6d

Amazon Delays Prime Day

- April 04, 2020

According to internal meeting notes, the company is pushing the event back to at least August. from The Business of Fashion https://ift.tt/39Hbdxh

Amazon to Delay Prime Day Event Due to Coronavirus

The e-commerce giant is delaying its most important shopping day of the year. from The Business of Fashion https://ift.tt/3c0P8eT

Coronavirus Stalls Fashion Giant Inditex

The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues. from The Business of Fashion https://ift.tt/3dSF49n

Report: Neiman Marcus Advances Bankruptcy Preparations

The BoF Podcast: Journalist Rana Ayyub on Why Social Distancing Is a Privilege

In the latest special edition of the BoF Podcast, Indian journalist and author Rana Ayyub joins BoF’s Editor-in-Chief Imran Amed to discuss the impact of Covid-19 on the lives thousands of migrant labourers, many of whom work in India's now-shuttered textile industry. from The Business of Fashion https://ift.tt/2UExac0

A Year Without Fashion Shows

It’s increasingly likely that fashion shows will be cancelled for the duration of the year. What will be lost? How might the industry adapt? And what will fashion week look like when the crisis ends? from The Business of Fashion https://ift.tt/2JAJ9RN

Influencers Have a Captive Audience During the Pandemic. But Can They Capitalise on It?

Influencers are getting more views than ever from self-isolating fans. But with Sephora stores shut down and fewer consumers in the mood to buy makeup, making money could be a struggle. from The Business of Fashion https://ift.tt/2yoQCAO

Sergio Rossi Dies at 84

The iconic footwear designer passed away after contracting Covid-19. from The Business of Fashion https://ift.tt/3dNp8VQ

H&M’s March Sales Fall 49% Amid Covid-19 Outbreak

The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend. from The Business of Fashion https://ift.tt/3bLplHg

How Businesses Can Best Manage Layoffs and Furloughs

BoF talked to lawyers, experts and executives to understand how companies can properly — and respectfully — handle the situation. from The Business of Fashion https://ift.tt/2UCWb7l

Moda Operandi Exits Men’s Business

The online luxury retailer is cutting back, as the market takes a Covid-19 dip. from The Business of Fashion https://ift.tt/2UGjdKS

Who Is Still Shopping?

Despite an overall drop in apparel sales, young consumers stuck on social media — and fortunate enough to have a steady income — are buying clothes as the Covid-19 crisis continues to unfold. from The Business of Fashion https://ift.tt/3dOyuRa

H&M to Cut Working Hours Amid the Covid-19 Outbreak

As the global pandemic mounts, the retailer announced it is in talks with thousands of its employees about reducing hours to curb the spread of the virus. from The Business of Fashion https://ift.tt/2UD0Juy

Power Moves | Cosmopolitan Names Beauty Director, Ted Baker Appoints CEO

This week, Cosmopolitan taps Essence’s global beauty director, while Ted Baker promotes its CFO to lead the company. from The Business of Fashion https://ift.tt/39DZWh6

China’s Battered Fashion Industry Up and Running Again

Green shoots of recovery emerge in China after more than 780 million people endured some level of quarantine for two months. But how long will it take for pre-pandemic levels of spending to return? from The Business of Fashion https://ift.tt/2wctrJu

UK Businesses to Lean Heavily on Government Support

Almost half of British companies expect to furlough 50 percent or more of their workforce, according to a survey, meaning reliance on a government scheme that will pay up to 80 percent of employee wages. from The Business of Fashion https://ift.tt/2JzGGXu

What To Do About Rent

As the coronavirus pandemic continues, tenants and landlords are on a collision course over rent. But retailers may have the market advantage, real estate experts say. from The Business of Fashion https://ift.tt/3aN7eAR

German Department Store Galeria Files for Creditor Protection

With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue. from The Business of Fashion https://ift.tt/2R3YJJx

Adidas Will Pay April Rent After Apologising

The German sports brand was blasted on social media last week for its decision to defer rental payments. from The Business of Fashion https://ift.tt/39BOClR

The BoF Podcast: A Watershed Moment for the Fashion Industry

In the latest special edition of the BoF Podcast, rapper and actor Riz Ahmed speaks with BoF’s Editor-in-Chief Imran Amed about why the world should pause and reset its priorities in light of the Covid-19 outbreak. from The Business of Fashion https://ift.tt/2UAGkpO

Bangladesh to Lose Billions in Export Revenue