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Showing posts from May, 2020

On Racism, Fashion Must Do More Than Speak Up

- May 31, 2020

After yet another senseless killing of an unarmed black man at the hands of the police in the United States, the fashion industry has a duty to its customers and society at large to use its privilege and power to drive systemic change. from The Business of Fashion https://ift.tt/3dmSLfZ

Join Us at the BoF Professional Summit on 17 June 2020

- May 31, 2020

Levi's CEO Chip Bergh, Activist Kalpona Akter and Eileen Fisher are amongst the confirmed speakers. Join BoF Professional today to attend. from The Business of Fashion https://ift.tt/2MebOxj

Fashion's Recovery Checklist

- May 31, 2020

BoF outlines the steps that retailers and labels need to take as they survive the first shockwave of the pandemic and now must grapple with prolonged economic downturn. from The Business of Fashion https://ift.tt/3eDrDJQ

What a Chinese Student Exodus Would Mean for Fashion

- May 31, 2020

Travel restrictions, health concerns and anti-Chinese sentiment are disrupting students' plans, with ramifications for fashion schools, luxury brands and the industry at large. from The Business of Fashion https://ift.tt/2Xi86ce

Report: Coty to Appoint Chairman Peter Harf as Its New Chief Executive

- May 31, 2020

Harf will reportedly oversee a newly-created executive committee. from The Business of Fashion https://ift.tt/2MiI1mU

Designer Aurora James Calls on Retailers to Commit to Black-Owned Businesses

- May 31, 2020

As the US sinks into further turmoil over the death of another black man by the hands of the police, the Brother Vellies owner is asking the fashion industry to do more to combat systemic racism. from The Business of Fashion https://ift.tt/3gHcLMA

Designer Aurora James Calls on Retailers to Commit to Black-Owned Businesses

- May 31, 2020

Violence, Looting Spreads as Protests in US Continue

- May 31, 2020

Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck. from The Business of Fashion https://ift.tt/2ZTFHuT

How Fashion Is Responding to the George Floyd Protests

- May 31, 2020

This week, everyone will be talking about fashion's response to the death of George Floyd and the protests that followed, Gap Inc.'s quarterly results and key US economic data. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2Xn4Xbj

The BoF Podcast: Scott Galloway on Fashion's Darwinian Shakeout

- May 29, 2020

The bestselling author and business professor offers his insight into the challenging market and M&A landscape that industry players of all sizes have to navigate. from The Business of Fashion https://ift.tt/2XA8Rw0

When Will Fashion Recover?

- May 29, 2020

For the moment nobody knows when or how the Covid-19 crisis will end, but five key variables will drive the contours of the fashion industry’s recovery. from The Business of Fashion https://ift.tt/36FEh8u

How Successful Beauty Founders Are Managing the Crisis

- May 29, 2020

BoF spoke to five experienced entrepreneurs about how they steered their businesses through times of adversity — and how they are managing now in the face of Covid-19. from The Business of Fashion https://ift.tt/2XgufaZ

#BoFLIVE: How Shifting Consumer Values Are Changing Online Payments

- May 29, 2020

Affirm's Chief Commercial Officer identifies why an increasingly cautious consumer mindset is a critical new consideration for retailers — before sharing insights on how to maximise the opportunity. This BoF LIVE event is presented by Affirm. from The Business of Fashion https://ift.tt/3evRXpj

How to Avoid the Next Supply Chain Shock

- May 28, 2020

Disruptions caused by Covid-19 have redoubled concerns about vulnerabilities in fashion’s manufacturing base, accelerating efforts to build more resilient and efficient operations. from The Business of Fashion https://ift.tt/2AkSLym

Why Fashion’s Payment Strategies Should Become More Consumer-Centric

- May 28, 2020

The co-founder of Afterpay, which has 48,000+ retail partners including Revolve, Fenty Beauty and Asos, shares how younger consumers’ purchasing behaviour is evolving and the growth levers rethinking payment strategies could represent for retailers. from The Business of Fashion https://ift.tt/3deKhrp

How I Am Building a Responsible Business: Kotn's Rami Helali, Mackenzie Yeates and Benjamin Sehl

- May 28, 2020

For many businesses, supporting a charitable cause is an afterthought. But the team behind Kotn are making their case that profit and purpose go hand in hand. from The Business of Fashion https://ift.tt/2XDVY4m

Op-Ed | Luxury Fashion’s Link to the Illegal Wildlife Trade

- May 28, 2020

A recently released study reveals that, between 2003 and 2013, the United States Fish and Wildlife Service seized thousands of products made by Gucci, Michael Kors and others. As the fashion industry scrambles to reinvent itself during the Covid-19 pandemic, it must not forget animals, writes Joshua Katcher. from The Business of Fashion https://ift.tt/2yGQE7F

Nordstrom Sales Plunge Nearly 40% in Quarterly Sales

- May 28, 2020

Digital sales rose only 5 percent in the same period. from The Business of Fashion https://ift.tt/2TMjniX

Prada Said Sales Up More than 10 Percent in China

- May 28, 2020

Co-Chief Executive officer Patrizio Bertelli told Bloomberg he has no plans to delist the company. from The Business of Fashion https://ift.tt/2TOA3Gj

#BoFLIVE: Tim's Take With Rick Owens

- May 28, 2020

The designer has earned a cult following for his all-black, ‘grungy glamorous’ aesthetic. He joins BoF Editor-at-Large Tim Blanks in a conversation about finding creativity and inspiration in a pandemic. from The Business of Fashion https://ift.tt/3guPPQs

#BoFLIVE: Why Luxury Brands Are Raising Prices in a Pandemic

- May 28, 2020

A pandemic may not seem like the best time to raise prices on expensive handbags. But that’s exactly what top-tier luxury brands Chanel and Louis Vuitton are doing to pad margins and cushion the impact of lower sales volumes. from The Business of Fashion https://ift.tt/2yDtcrU

#BoFLIVE: The Future of Fashion's Supply Chain

- May 28, 2020

Disruptions caused by Covid-19 have redoubled concerns about vulnerabilities in fashion’s manufacturing base. How are companies building more resilient and efficient operations? from The Business of Fashion https://ift.tt/3eyRO4F

Abercrombie & Fitch Posts Steep Quarterly Losses

- May 28, 2020

Net sales fell 34 percent to $485.4 million in the first quarter as stores remained shut. from The Business of Fashion https://ift.tt/2XaaqSv

Power Moves | Ferragamo Names Executive Deputy Chairman, Louis Vuitton Appoints Director of Women’s Fashion Leather Goods

- May 28, 2020

This week, Michele Norsa returns to Ferragamo as executive deputy board chairman after exiting in 2016, while Louis Vuitton hires former Mulberry designer Johnny Coca to lead its women’s leather goods division. from The Business of Fashion https://ift.tt/2X7ziua

Amazon vs Alibaba in the Covid-19 Era

- May 28, 2020

The retail giants have made a fortune as the pandemic shifted shopping online but the crisis has also exposed their vulnerabilities and shed light on challenges that lie ahead. Who came out on top? from The Business of Fashion https://ift.tt/2ZJTVyd

Alibaba Extends Its Reach in China as Coronavirus Outbreak Opens Doors

- May 28, 2020

The company is advertising for over 100,000 jobs and offering billions of dollars in loans to small and mid-sized enterprises. from The Business of Fashion https://ift.tt/3cbYxQ6

How Harrods Is Solving Its Excess Inventory Problem

- May 28, 2020

Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall. from The Business of Fashion https://ift.tt/3deUFzi

Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million

- May 28, 2020

After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions. from The Business of Fashion https://ift.tt/2X71fSW

Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores

- May 27, 2020

The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas. from The Business of Fashion https://ift.tt/3dcn9tt

Adidas and Allbirds Join Forces to Try to Create the World’s Lowest Carbon Footprint Sports Shoe

- May 27, 2020

The footwear competitors are partnering with a big goal and deadline of one year. from The Business of Fashion https://ift.tt/36DQnPi

Can American Retail Survive Without a Middle Class?

- May 27, 2020

Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete. from The Business of Fashion https://ift.tt/2ZH6hXW

How I Am Building a Responsible Business: Saitex's Sanjeev Bahl

- May 27, 2020

'Production is very far away from productivity,' said the founder of the world’s most sustainable large-scale denim producer. from The Business of Fashion https://ift.tt/3gqR8jo

Ferragamo Brings Back Former Chief Executive to Help Post-Pandemic

- May 27, 2020

Michele Norsa has returned to serve as executive deputy board chairman. from The Business of Fashion https://ift.tt/2X7B9z1

Hugo Boss Sees Recovery in Third Quarter at Earliest

- May 27, 2020

The German suit maker warned it expects second-quarter sales to fall by at least 50 percent. from The Business of Fashion https://ift.tt/3c6TYqt

Ralph Lauren Posts Worse-Than-Expected Quarterly Loss

- May 27, 2020

The American luxury brand has been hit hard by the economic fallout of Covid-19, with net revenue declining 15.4 percent to $1.27 billion in the fourth quarter. from The Business of Fashion https://ift.tt/3eonGIT

H&M's Furloughed Headquarter Staff to Return to Work

- May 27, 2020

Despite many of its stores remaining closed, the fast fashion retailer announced 2,500 employees are set to return to its Stockholm headquarters in July. from The Business of Fashion https://ift.tt/2X3GpDY

#BoFLIVE: The Fate of Luxury Retail

- May 27, 2020

Catch up on the #BoFLIVE conversation on what's next for luxury retail as multi-brand retailers face increasing challenges during this time of uncertainty. from The Business of Fashion https://ift.tt/2XwC4br

How I Am Building a Responsible Business: Noah's Brendon Babenzien

- May 26, 2020

'Making responsible decisions is easy if you take greed out of the equation,' said Noah Founder Brendon Babenzien. from The Business of Fashion https://ift.tt/2XAd9DI

The Power of African Brand Ambassadors

- May 26, 2020

Celebrity marketing has fallen out of favour during the pandemic. But when the strategy makes a comeback global brands need to act fast to tap more African influencers to access high-growth markets like Nigeria, Kenya and South Africa. from The Business of Fashion https://ift.tt/3elGDvR

Can Levi's Corporate Values Survive a Crisis? – Download the Case Study

- May 26, 2020

The 167-year-old jeansmaker cared about running an ethical business before it became a marketing exercise. What happens to that commitment in a pandemic? Click below to download the case study. from The Business of Fashion https://ift.tt/2X2RmFG

US Consumer Confidence Stabilises Amid Reopening Optimism

- May 26, 2020

Analysts forecast a significant pick-up in activity in the third quarter but warn a return to pre-crisis levels remains nowhere in sight. from The Business of Fashion https://ift.tt/2B4bGOy

#BoFLIVE: The New Rules of Going DTC

- May 26, 2020

Gone are the days of aggressive customer acquisition, returns on paid marketing investment and single hero products as surefire ways to capture the imagination of the coveted Millennial and Gen-Z consumer. from The Business of Fashion https://ift.tt/2XyXIff

UK to Reopen Thousands of Shops in Easing of Coronavirus Lockdown

- May 26, 2020

Prime Minister Boris Johnson is eager to restart the British economy. from The Business of Fashion https://ift.tt/2yDfYeY

Why Gucci’s Alessandro Michele Is Shaking Up the Fashion Calendar

- May 25, 2020

Michele said that the defined seasons that have conventionally enslaved the fashion industry will be less meaningful to him in the future, writes Tim Blanks. from The Business of Fashion https://ift.tt/2TEI80j

How I Am Building a Responsible Business: The Upcycler

- May 25, 2020

'If more people had a scrappier approach to business, we'd be better off,' Instagram’s favourite upcycler told BoF. from The Business of Fashion https://ift.tt/2ZITgNk

Winners Take All: How LVMH and Kering Will Extend Their Supremacy Post-Pandemic

- May 25, 2020

The family-controlled French giants are well positioned to further dominate the luxury fashion sector. But neither can afford to ignore the threat of disruption. from The Business of Fashion https://ift.tt/3ghov8l

UK to Reopen Thousands of Shops in Easing of Coronavirus Lockdown

- May 25, 2020

Prime Minister Boris Johnson is eager to restart the British economy. from The Business of Fashion https://ift.tt/2LYdVoF

Careers Counsel | Overcoming That 'Always-On' Feeling

- May 25, 2020

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/3gokhMi

Announcing PSLab, Dan Cassab and Deity New York

- May 25, 2020

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/36r7Ri5

The Best Jobs on BoF Careers

- May 25, 2020

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Farfetch, Vetements and Gap. from The Business of Fashion https://ift.tt/3ggq1aR

Caroline Issa on Finding Your Opportunity for Renewal During a Crisis

- May 25, 2020

Tank magazine’s chief executive and fashion director offers her insights and advice on optimising essential skills for an industry moving into the future. from The Business of Fashion https://ift.tt/3eeIh2o

How I Am Building a Responsible Business: The Anti-Consumptionist

- May 24, 2020

'Responsible business can't simplify the truth,' the Co-Founder of Swedish menswear brand Asket told BoF. from The Business of Fashion https://ift.tt/2zh0qhj

Saks’s Owner Denies Claim It Stripped Assets in Reorganisation

- May 24, 2020

The retailer is responding to a lawsuit from its lenders that called its reorganisation a “corporate shell game.” from The Business of Fashion https://ift.tt/2zusSfF

Gucci Just Left the Fashion Calendar Behind. Who Will Follow?

- May 24, 2020

This week, everyone will be talking about Gucci's move to a seasonless schedule, Memorial Day sales — or lack thereof — how beauty retailers will reopen stores and luxury's bet on resort dressing. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2ZxLuG0

Gucci to Go Seasonless, Show Twice Per Year

- May 24, 2020

The Kering-owned Italian megabrand joins stablemate Saint Laurent in breaking with the conventional fashion calendar. from The Business of Fashion https://ift.tt/36oleQ2

Can Instagram Own Fashion Week?

- May 22, 2020

This week, Instagram’s top fashion liaison Eva Chen released a playbook for staging digital fashion shows on the platform, signalling the beginning of the end for a one-size-fits-all approach to fashion week. from The Business of Fashion https://ift.tt/2yqjglD

Alibaba's Fourth-Quarter Results Beat Market Expectations

- May 22, 2020

The e-commerce platform experienced an uptick in online sales by nearly 19 percent and expects to generate over $91.1 billion in revenue in fiscal 2021. from The Business of Fashion https://ift.tt/36toSYP

#BoFLIVE: Naomi Campbell and Derek Blasberg on How to Be Successful on Youtube

- May 22, 2020

Naomi Campbell and Derek Blasberg join Imran Amed in a conversation about what it takes to be successful on the video platform. from The Business of Fashion https://ift.tt/2TwBk4L

#BoFLIVE: Tim's Take With Juergen Teller

- May 22, 2020

Renowned photographer Juergen Teller and Dovile Drizyte, his managing partner, join BoF Editor-at-Large Tim Blanks in a conversation about life under lockdown. from The Business of Fashion https://ift.tt/36n549n

#BoFLIVE: Fashion's Darwinian Shakeout with Scott Galloway

- May 22, 2020

The bestselling author and business professor joins Imran Amed in a discussion about the coronavirus crisis, which will compel companies to evaluate divestment and acquisition opportunities and capture the white spaces that emerge. from The Business of Fashion https://ift.tt/2WR4Lk2

UK Retail Sales See Record Declines

- May 22, 2020

Sales volumes fell 18.1 percent from March, the most since records began in 1988. from The Business of Fashion https://ift.tt/2XjUWdF

Lululemon Capitalises on Activewear Boost as Shares Jump

- May 22, 2020

Analysts predict the activewear company will dominate the market, with shares climbing 92 percent, as consumers working from home prioritise comfort. from The Business of Fashion https://ift.tt/2LMtBeK

Is Bath & Body Works' Pumpkin Spiced Success Pandemic-Proof?

- May 22, 2020

Bath & Body Works, whose hand sanitisers and soaps are in high demand, is more important than ever as L Brands tries to pick up the pieces after the failed Victoria’s Secret deal amid a global pandemic. from The Business of Fashion https://ift.tt/2Tuz1ze

#BoFLIVE: How to Get the Most Out of Your Marketing Budget

- May 22, 2020

Prices are falling on marketing channels ranging from billboards to Facebook ads, creating new opportunities for brands looking to get a bigger bang for their advertising buck. from The Business of Fashion https://ift.tt/2WTrL1W

#BoFLIVE: The Future of Wholesale

- May 22, 2020

In a conversation exclusively for BoF Professional members, listen to the CEOs of Ami Paris and Altuzarra discuss the future of the wholesale cycle. from The Business of Fashion https://ift.tt/2A4Z09p

Burberry's Sales Fall 27% in Last Quarter

- May 22, 2020

The luxury house pulled its final dividend as full-year revenue dipped 3 percent to £2.63 billion ($3.21 billion). from The Business of Fashion https://ift.tt/2ZrqReL

The BoF Podcast | Jochen Zeitz on the Power of Fashion to Drive Sustainable Change

- May 21, 2020

The former CEO of Puma has been one of the fashion industry’s leading sustainability advocates. As part of our special edition on building a responsible fashion business, Zeitz talks to BoF Editor-In-Chief Imran Amed about finding opportunities in crisis. from The Business of Fashion https://ift.tt/2Tx2RTQ

How Big Unions Smooth the Way for Amazon Worker Protests

- May 21, 2020

Labour groups and unions are eager to penetrate the Seattle-based behemoth after years of failed attempts to unionize its operations. from The Business of Fashion https://ift.tt/2Xj4q8T

TJ Maxx Says Sales Recovering After Coronavirus Slump

- May 21, 2020

The off-price chain is better positioned than some of its department store competitors. from The Business of Fashion https://ift.tt/3bQ53fd

Power Moves | Swarovski Names Creative Director, Holt Renfrew Appoints President

- May 21, 2020

This week, Swarovski announces its first global creative director, while Holt Renfrew taps Lane Crawford’s deputy president to lead the department store group. from The Business of Fashion https://ift.tt/3gbGDjT

#BoFLIVE: What Will Reopened Stores Look Like?

- May 21, 2020

BoF's Lauren Sherman and Brian Baskin spoke with Saks Fifth Avenue President Marc Metrick and Jessica Richards, founder of Shen Beauty, about what to expect from the future of retail. from The Business of Fashion https://ift.tt/3cR55oL

Canada Goose Lays Off 125 Workers

- May 21, 2020

The outerwear brand has cut 2.5 percent of it global workforce in a bid to mitigate the financial losses caused by the pandemic, just months after suspending the long-term outlook for the year. from The Business of Fashion https://ift.tt/2ZBecWT

#BoFLIVE: Is This the End of the American Mall?

- May 21, 2020

Watch retail consultant Robert Burke discuss the future of the shopping mall and the role it will play in a troubled retail landscape, with BoF’s Lauren Sherman and Cathaleen Chen. from The Business of Fashion https://ift.tt/2ykSfQo

Macy's Warns of up to $1 Billion Quarterly Loss

- May 21, 2020

The department store operator forecast first-quarter sales between $3 billion to $3.03 billion, down from $5.50 billion a year earlier. from The Business of Fashion https://ift.tt/2yr0MS4

Clarks to Cut 900 Office Jobs as Covid-19 Strains Cash Flow

- May 21, 2020

The high-street shoe retailer had been struggling in an increasingly competitive market even before the coronavirus hit, reporting a loss of almost £83 million ($101 million) in the year ended February 2, 2019 from The Business of Fashion https://ift.tt/3g6lkQG

Will Luxury Resale Take Off in China? It’s Complicated.

- May 21, 2020

Before the pandemic there were hopes that young Chinese consumers were finally warming to the idea of luxury resale after cultural taboos about secondhand clothes abated. But with post-virus safety concerns now front of mind the market has hit another impasse. from The Business of Fashion https://ift.tt/3e30r7d

Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis

- May 21, 2020

Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter. from The Business of Fashion https://ift.tt/2Tl27RB

Report: Rent the Runway Nears Funding Below Last $1 Billion Value

- May 21, 2020

The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million. from The Business of Fashion https://ift.tt/2za4ShQ

The BFC and CFDA Join Forces in a Call for Industry Change

- May 20, 2020

A statement released by the British and American trade groups appears to back many of the suggestions put forth by designers and executives to fix what they believe is a broken system. from The Business of Fashion https://ift.tt/3dZ99mO

The Great Influencer Shakeout

- May 20, 2020

Fashion influencers are seeing a plunge in brand deals during the pandemic. They must evolve their content and flex their creative skills or risk being left behind. from The Business of Fashion https://ift.tt/2ToMRTO

Op-Ed | How Fashion Perpetuates Modern-Day Colonialism

- May 20, 2020

The exploitation of Asia by western businesses is as widespread today as it was when the British ruled India and Gandhi and Charlie Chaplin discussed the subject in a brief encounter in 1931, argues Bandana Tewari. from The Business of Fashion https://ift.tt/3e2QjLF

#BoFLIVE: Taking Stock of the M&A Market

- May 20, 2020

What does the economic fallout of Covid-19 mean for acquisition targets and buyers in the year ahead? from The Business of Fashion https://ift.tt/2zf2pCF

Target's Online Sales Surge Eases Coronavirus Pain

- May 20, 2020

Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter. from The Business of Fashion https://ift.tt/3ghueem

Marks & Spencer Outperforming Worst-Case Coronavirus Fears

- May 20, 2020

The UK retailer reacted quickly to the pandemic, cancelling about £100 million ($122 million) of clothing and home orders and scrapping its 2019 dividend. from The Business of Fashion https://ift.tt/36dBdQT

How to Stretch Your Marketing Budget

- May 19, 2020

Instagram Hustles to Become Global Hub for Digital Fashion Shows

- May 19, 2020

The platform’s fashion team, led by Director of Fashion Partnerships Eva Chen, released a guide for presenting collections digitally as brands grapple with how to translate the runway online. Will it give Instagram a leg up against hungry competitors? from The Business of Fashion https://ift.tt/2zPdMBk

The Kooples Seeks Fresh Momentum With New Team

- May 19, 2020

The brand emerged as part of a wave of contemporary French fashion brands in the wake of the last recession. Now it is eyeing growth in the aftermath of Covid-19 under a new management team, including recently appointed Artistic Director Tom Van Dorpe. from The Business of Fashion https://ift.tt/2LK2xgg

When the September Issue Is the Only Issue

- May 19, 2020

The Covid-19 crisis may reconfigure print publishing rhythms until there’s little left, writes Amy Odell. from The Business of Fashion https://ift.tt/2WN9pzO

Kohl's Cuts Jennifer Lopez Brand and Other Women's Labels

- May 19, 2020

Kohl's had been struggling in women's apparel even before the pandemic as consumers shifted to online shopping and fast-fashion brands. from The Business of Fashion https://ift.tt/2AEagKg

Facebook Reboots Its Shop Feature

- May 19, 2020

As more consumers turn to online shopping during the pandemic, the tech giant is hoping this time around it gains traction on the site. from The Business of Fashion https://ift.tt/2ABw4Gn

Coronavirus Crushes Asia’s Garment Industry

- May 19, 2020

As retailers around the world cancel orders, factory owners in Myanmar, Bangladesh and Cambodia shut down thousands of factories and sent home workers with little or no pay. from The Business of Fashion https://ift.tt/2WKBuaB

Post-Lockdowns, Very Few People Are Venturing Into US Stores

- May 19, 2020

In mid-May, foot traffic to shops was 92 percent below the same period a year ago, compared with a 95 percent falloff in the previous seven days. from The Business of Fashion https://ift.tt/2z4lFTv

French Connection Warns It Could Run out of Cash Within Months

- May 19, 2020

The British retailer is holding talks with investors in a bid to secure new funding after the company said it has struggled to access government support schemes. from The Business of Fashion https://ift.tt/2LGbXt1

Nordstrom Closes Jeffrey Boutiques Amid Luxury Spending Slump

- May 19, 2020

The department store operator said the decision would ensure it had the ‘right footprint’ of physical locations as it weathers the coronavirus pandemic. from The Business of Fashion https://ift.tt/36deYKI

Global Fashion Agenda Calls on Industry to Rebuild Sustainably

- May 18, 2020

The industry advocacy group has laid out six key focus areas for senior executives, calling on the industry to 'future proof' its business model by placing sustainability at its core. from The Business of Fashion https://ift.tt/3fYlNEF

5 Strategies for Chinese Valentine’s Day

- May 18, 2020

Brands are going all out with campaigns aimed at capturing the hearts and wallets of Chinese consumers in the run-up to the annual 520 celebration. Here’s how to cut through all the marketing noise.     from The Business of Fashion https://ift.tt/3bFZ0Kp

The BoF Podcast: Marc Jacobs: ‘I Still Have Stories to Tell’

- May 18, 2020

The American designer chatted with BoF Editor-at-Large Tim Blanks about his last show before quarantine, brick-and-mortar retail and the future of New York fashion. from The Business of Fashion https://ift.tt/2zcjVr0

Amazon’s French Warehouses to Reopen with 30% Staff

- May 18, 2020

The the e-commerce giant temporarily shuttered its six fulfilment centres in France after a court ruling on April 16 restricted deliveries to essential items amid mounting concern over working conditions of warehouse staff. from The Business of Fashion https://ift.tt/2TizZ1s

J.C. Penney Post-Bankruptcy Plan Includes Closing 29% of Stores

- May 18, 2020

The retailer, which recently filed for Chapter 11 bankruptcy, expects net sales of $7.5 billion with its smaller fleet of 604 stores. from The Business of Fashion https://ift.tt/2LEidS2

How to Futureproof Your Career in Buying

- May 18, 2020

As the buying industry and its calendrical processes undergo a dramatic transformation, Browns Buying Director Ida Petersson shares her insights on the skills critical for success in the season ahead. from The Business of Fashion https://ift.tt/3bNQI3e

The Best Jobs on BoF Careers

- May 18, 2020

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Roksanda, Shopify and Altuzarra. from The Business of Fashion https://ift.tt/3dTwM04

Careers Counsel | How to Harness Stress at Work

- May 18, 2020

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/3cNOUIQ

Special Edition: Can Fashion Clean Up Its Act?

- May 17, 2020

As the world grapples with an unprecedented public health and economic crisis, exposing deep-rooted social inequality as a climate emergency looms, the fashion industry must learn to respect both people and the planet. It's time for fashion to build a more responsible business model. from The Business of Fashion https://ift.tt/2WG7Jb6

Op-Ed | Want to Fix the Fashion System? Lower Prices.

- May 17, 2020

If it costs $4,000, few people will buy your coat at full price, regardless of when it’s delivered, argues Eugene Rabkin. from The Business of Fashion https://ift.tt/2WEQQ0i

Will Fashion Ever Be Good for the World? Its Future May Depend on It

- May 17, 2020

The Covid-19 pandemic has put financial pressure on businesses, threatening their sustainability agendas. But aligning profit and purpose, and fulfilling responsibilities to the planet and communities of people beyond shareholders may matter more than ever to their long-term success. from The Business of Fashion https://ift.tt/2AEDKrx

How to Avoid the Greenwashing Trap

- May 17, 2020

As sustainability becomes more important to consumers, brands must invest in genuine root and branch reform, manage expectations, be humble and own up to their shortcomings to avoid backlash because consumers ultimately see through platitudes and gimmicky campaigns. from The Business of Fashion https://ift.tt/2X9Eqgb

Luxury Brands Have a ‘Respect Deficit’ with Indian Artisans

- May 17, 2020

Brand leaders who claim that craft is the lifeblood of luxury should see worker welfare as a moral duty that aligns with their strategic business interests. But protecting the valuable skills of Indian artisans is not the same as valuing the artisans themselves. from The Business of Fashion https://ift.tt/2Zdf17T

Investing in the Sustainability Sisterhood

- May 17, 2020

Female impact investors are putting their money where their mouth is, backing sustainable fashion companies and hoping their bets pay off in more ways than one. But how savvy are values-based investments in the post-pandemic reality? from The Business of Fashion https://ift.tt/2ZddRJz

Why Luxury Came to the Rescue

- May 17, 2020

To support the fight against Covid-19, European fashion companies have been doing everything from producing hand sanitiser to building new hospital wings. What’s driving these wartime-like efforts? from The Business of Fashion https://ift.tt/2WGi9rp

Michael Jordan's First Air Jordan Sneakers Sold for Record $560,000 at Sotheby's

- May 17, 2020

The auction coincided with the 35th anniversary of the Air Jordan brand. from The Business of Fashion https://ift.tt/2Tcv81y

Retailers to Reopen in Italy as Lockdown Eases Further

- May 17, 2020

Shops, restaurants and hair salons are preparing to reopen in Italy on Monday, as the government takes a "calculated risk" to put the country back on its feet. from The Business of Fashion https://ift.tt/2TeuX5W

The Great Retail Reopening Has Begun. Will Shoppers Return?

- May 17, 2020

This week, everyone will be talking about the future of Victoria's Secret, the reopening of American stores and China's 520 Day. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2z2O3oI

J.C. Penney Files for Bankruptcy Protection

- May 15, 2020

The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court. from The Business of Fashion https://ift.tt/2T9r425

BoF Professional Summit: How to Build a Responsible Business

- May 15, 2020

Industry leaders are gathering to discuss the biggest challenges facing fashion. from The Business of Fashion https://ift.tt/3cMWt24

The BoF Podcast: Millard Drexler: ‘I’ve Learned That Growth Is the Enemy’

- May 15, 2020

The retail guru on the state of American department stores, venture capital funding and the importance of staying small. from The Business of Fashion https://ift.tt/3bxfEvH

Why Luxury Brands Are Raising Prices in a Pandemic

- May 15, 2020

Top-tier brands like Chanel and Louis Vuitton are hiking prices in what looks like a bid to pad margins, cushion the impact of lower sales volumes and capitalise on the China rebound. from The Business of Fashion https://ift.tt/3cBtLRY

Why Beauty Brands Need to Step Up Their E-Commerce Game. Now.

- May 15, 2020

Beauty brands that have invested in building strong direct businesses could be better positioned to weather the pandemic than ones that rely on brick and mortar retailers, many of which are closed or about to go out of business. from The Business of Fashion https://ift.tt/2AwwGNE

Richemont Reports 67% Drop in Annual Profit

- May 15, 2020

Chairman Johann Rupert estimates up to three years of grave economic impact of Covid-19 on the Swiss luxury group. from The Business of Fashion https://ift.tt/2LurkVj

Nike Warns of Fourth-Quarter Hit From Store Closures

- May 15, 2020

The sportswear giant is boosting e-commerce capabilities to address increased online orders. from The Business of Fashion https://ift.tt/3bBB8Hy

Boohoo Builds War Chest For Post-Pandemic Deals

- May 15, 2020

The Manchester-based group has raised £198 million for new M&A opportunities, in a private placing that’s left the company with around £500 million in cash. from The Business of Fashion https://ift.tt/3dLee22

JD.Com Beats Revenue Estimates on Lockdown Boost

- May 15, 2020

Total net revenue rose 20.7 percent to 146.21 billion yuan ($20.59 billion) in the first quarter ended March 31. from The Business of Fashion https://ift.tt/2Z418c8

As China Reopens, Factories Fire up but Jobs Gloom Keeps Consumers at Home

- May 15, 2020

Industrial production climbed 3.9 percent in April from a year earlier. from The Business of Fashion https://ift.tt/2AzhQ9f

Designers Lobby to ‘Fix’ the Fashion System. Will It Work?

- May 14, 2020

In recent weeks, three different groups of designers and retailers have proposed shifts to the industry’s product delivery and discounting calendars in a bid to create healthier, more profitable businesses. Can they pull it off? from The Business of Fashion https://ift.tt/2WVkuO4

Op-Ed | Dear Fashion, Nobody Is Coming to Save You

- May 14, 2020

Neither Amazon nor government is going to save fashion. The industry needs to save itself by embracing substantive, systemic change, argues Lawrence Lenihan. from The Business of Fashion https://ift.tt/35YLMak

Polimoda’s Scholarship Plans for Fashion’s Future Talent

- May 14, 2020

The Florentine school has chosen to offer scholarships worth €2m to support the next generation of fashion creatives and business leaders. from The Business of Fashion https://ift.tt/2LHAY7j

#BoFLIVE: Tim's Take with Virgil Abloh

- May 14, 2020

He made his name as a streetwear leader with his label Off-White, and revolutionised menswear at Louis Vuitton. Now, Virgil Abloh joins BoF Editor-at-Large Tim Blanks in a conversation about running a French luxury label under lockdown. from The Business of Fashion https://ift.tt/2z03vls

#BoFLIVE: Store Reopening: What Does It Look Like?

- May 14, 2020

From Dallas to Paris, stores are starting to reopen. But the pandemic has changed virtually all aspects of the retail experience. What will customers see when they walk into a shop for the first time in weeks? from The Business of Fashion https://ift.tt/2yW8NhZ

#BoFLIVE: Is This the End of the American Mall?

- May 14, 2020

It’s been a turbulent month for American retailers, which sets up the prospect of a domino effect that ripples through malls, hundreds of which have already closed over the last decade. from The Business of Fashion https://ift.tt/2T3R9jl

#BoFLIVE: Taking Stock of the M&A Market

- May 14, 2020

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/3dKg8jn

Power Moves | Valentino Appoints CEO, Vice Names Head of HR

- May 14, 2020

This week, Valentino appoints a former Gucci star merchandiser to CEO, while Vice hires an HR veteran to lead the team. from The Business of Fashion https://ift.tt/2T6Y8I2

A Proposal for Rewiring the Fashion System

- May 14, 2020

A group of independent designers, CEOs and retail executives, facilitated by BoF, has published a proposal reimagining how the fashion industry could — and should — work. from The Business of Fashion https://ift.tt/2yTN0r6

Luxury’s Livestreaming Gamble

- May 14, 2020

‘Live commerce’ can sound intimidating or even repellent to luxury brands, but a few brave players have recently rolled the dice knowing they need to be risk-takers in the current crisis. Will livestreaming be a bad bet or a big pay-out in the world's largest luxury market? from The Business of Fashion https://ift.tt/2Asnlq4

The Problem With the Online Luxury Model

- May 13, 2020

It's not just department stores breaking down during the pandemic. Luxury e-commerce, which has a more captive audience than ever, is facing similar challenges. from The Business of Fashion https://ift.tt/3dGsAke

Vogue and the CFDA Set Up Shop on Amazon

- May 13, 2020

Through the fundraising initiative A Common Thread, 20 independent New York brands will begin selling their collections on the e-commerce marketplace as part of an effort to help struggling designers. from The Business of Fashion https://ift.tt/2Z0am9e

Op-Ed | The Future of Luxury in 4 Trends

- May 13, 2020

The post-virus luxury sector will be shaped by the acceleration of four existing trends, writes Erwan Rambourg. from The Business of Fashion https://ift.tt/2WWhTTI

Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue

- May 13, 2020

A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value. from The Business of Fashion https://ift.tt/3fMRfFK

South Korean Shoppers Go the Distance to Beat Chanel Price Hike

- May 13, 2020

A Chanel representative in Seoul said the firm raised prices in France on Monday, and that prices would increase in all of its markets. from The Business of Fashion https://ift.tt/3cFpSvr

#BoFLIVE: Beautycon's Moj Mahdara on How the Beauty Industry Is Moving Forward

- May 13, 2020

The beauty entrepreneur shares tips on how to adapt to your new circumstances during the pandemic. from The Business of Fashion https://ift.tt/35UFoAR

#BoFLIVE: Stylist Ibrahim Kimara Talks i-D, Art Direction and Masculinity

- May 13, 2020

Catch up on the discussion between the stylist and BoF’s Editor-at-Large Tim Blanks on his aesthetic and inspiring a new generation of creatives. from The Business of Fashion https://ift.tt/2AjwrVT

British Fashion Council Aims to Raise £50 Million For Struggling Designers

- May 12, 2020

As the BFC announces its first 37 Foundation Fashion Fund recipients, the organisation wants British government and larger industry players to step up to support their smaller counterparts amid the Covid-19 crisis. from The Business of Fashion https://ift.tt/3dFfjs5

The BoF Podcast: Alber Elbaz Is a 'Zoombie' Now

- May 12, 2020

The star designer on the future of young designers and multi-brand retail, life in the Zoom era and launching a company during a pandemic. from The Business of Fashion https://ift.tt/2Z2fc5R

Should All Fashion Brands Be Selling Masks?

- May 12, 2020

Brands and manufacturers have rushed to meet the demand for masks during the pandemic, creating a new, and uncertain, retail category in a matter of months. from The Business of Fashion https://ift.tt/2WsWAdJ

Parisians Head Back to Beauty Stores and Salons

- May 12, 2020

After exiting an eight-week coronavirus lockdown, Parisians were already making their way back to cosmetics stores and beauty parlours on Tuesday. from The Business of Fashion https://ift.tt/2SYKzu9

Dries Van Noten Proposes Reset to Fashion’s Deliveries and Discounting Calendar

- May 12, 2020

A group of designers and retailers, led by the Belgian designer, wants the industry to realign fashion deliveries with real-world seasons and stop early discounting. from The Business of Fashion https://ift.tt/2YYEbH5

L'Oréal Cancels 10.4% Dividend Increase

- May 12, 2020

The beauty group will instead sick to the same payout per share it made in 2019. from The Business of Fashion https://ift.tt/2YUNGqO

Dries Van Noten Proposes Reset to Fashion’s Deliveries and Discounting Calendar

- May 12, 2020

Luxury Stores Test the Water in a Paris Devoid of Tourists

- May 12, 2020

As France started easing lockdowns, luxury brands are giving sanitary protocols a makeover. from The Business of Fashion https://ift.tt/35S0yzy

Can a New Chief Bring Commercial Magic Back to Valentino?

- May 12, 2020

Star merchandiser Jacopo Venturini, who most recently played a pivotal role in the blockbuster success of Gucci, starts in the new role on June 1. from The Business of Fashion https://ift.tt/2YVwgKJ

Valentino Names Jacopo Venturini CEO

- May 12, 2020

The star merchandiser, who most recently played a pivotal role in the success of Gucci, starts in the new role on June 1. from The Business of Fashion https://ift.tt/3crHg6C

How to Make a Magazine Under Lockdown

- May 11, 2020

BoF went inside American GQ’s unusual production process over the last six weeks, interviewing the editors and writers who brought the issue and its features to life. from The Business of Fashion https://ift.tt/3dOaoW7

Why Brands Are Revisiting Old Advertising Campaigns

- May 11, 2020

Instagram influencers aren’t the only ones posting throwback content. Lockdown measures are prompting brands like Louis Vuitton, Saint Laurent and Versace to revisit their archives. from The Business of Fashion https://ift.tt/2zsLoEL

What Makes a Luxury Turnaround Work?

- May 11, 2020

From Bottega Veneta’s aesthetic reinvention to Burberry’s attempts to move upmarket, there are several different genres of brand turnaround strategies, with significantly different probabilities of success. from The Business of Fashion https://ift.tt/3fF0K9H

#BoFLIVE: American Retail's Reckoning with Mickey Drexler

- May 11, 2020

The New York-based ‘merchant prince’ joins Imran Amed in a conversation about the future of the global economy and where the fashion and luxury industry is headed. from The Business of Fashion https://ift.tt/2AjCQR9

Under Armour’s Quarterly Revenue Drops 23%

- May 11, 2020

The sportswear brand reported a net loss of $589.7 million the first quarter ended March 31, compared with a profit of $22.5 million a year earlier. from The Business of Fashion https://ift.tt/2xS9vfL

Coty to Sell Majority Stake in Hair Businesses to Investment Firm KKR in $4.3 Billion Deal

- May 11, 2020

The cosmetics maker also said third-quarter sales declined 23 percent to $1.53 billion in the three months ended March 31. from The Business of Fashion https://ift.tt/2yDP86u

How I Became… Senior Fashion Editor-at-Large of i-D Magazine

- May 11, 2020

Ib Kamara shares how he has overcome dyslexia, nerves and financial barriers to hone a creative vision tapped by the likes of Dazed, Vogue, Dior and Burberry. from The Business of Fashion https://ift.tt/3cop4Ld

Careers Counsel | How to Combat Zoom Fatigue

- May 11, 2020

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/2WmhpYj

The Best Jobs on BoF Careers

- May 11, 2020

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Farfetch and Hugo Boss. from The Business of Fashion https://ift.tt/35R7Sv7

With Lockdowns Eased, Paris Fashion Reopens for Business

- May 10, 2020

The heartbeat of the industry returns to work on Monday — but at what cost? from The Business of Fashion https://ift.tt/2AhFtTw

What the Bankruptcy Onslaught Means for the Future of Retail

- May 10, 2020

Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know. from The Business of Fashion https://ift.tt/2AhEC5g

Fashion, E-Commerce and the Coronavirus

- May 10, 2020

This week, everyone will be talking about online retail's struggles during the pandemic, France lifting its lockdown and fashion media's response to the crisis. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3dxFjFK

Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing

- May 09, 2020

The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise. from The Business of Fashion https://ift.tt/3ciNbL5

J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan

- May 08, 2020

The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter. from The Business of Fashion https://ift.tt/35JcBPs

Footwear Retailer Aldo Explores Bankruptcy Protection

- May 08, 2020

It is the latest retailer to file for bankruptcy protection since measures to fight the pandemic put much of the world into lockdown. from The Business of Fashion https://ift.tt/2WyJj20

The Uncertain Future of the American Shopping Mall

- May 08, 2020

This week, Neiman Marcus filed for bankruptcy, Nordstrom announced the permanent shuttering of 16 stores and Lord & Taylor said it would liquidate merchandise in all of its locations, raising questions about the future of the shopping malls they anchor. from The Business of Fashion https://ift.tt/3dwTxqD

The BoF Podcast: Jonathan Anderson Says, ‘If It Feels Fake, I Don’t Want It’

- May 08, 2020

The creative director of JW Anderson and Loewe talks to BoF Editor-at-Large Tim Blanks about the need for greater transparency in the fashion industry. from The Business of Fashion https://ift.tt/2YX3euv

Gap Sued Over Unpaid Rent at Midtown Manhattan Store

- May 08, 2020

The San Francisco-based company said last month that it had suspended about $115 million worth of rent payments for its stores in North America. from The Business of Fashion https://ift.tt/2LczQby

J.C. Penney, Sephora Settle Dispute Over Beauty Boutiques

- May 08, 2020

J.C. Penney is struggling to refinance billions in loans and missed a debt payment last month, although the chain is current on its rent. from The Business of Fashion https://ift.tt/2zobit7

Who Will Buy Charlotte Tilbury?

- May 08, 2020

The brand is a rarity in the beauty world: it grew during a makeup downturn and it’s still independent. A sale is imminent, even in the midst of a pandemic, with a selling price that is said to be over $1 billion. from The Business of Fashion https://ift.tt/35GeL2k

Alibaba Launches 'Outlet' Platform to Shift Luxury Overstock

- May 08, 2020

China's biggest e-commerce company said it was piloting the new Luxury Soho platform to run alongside its Tmall Luxury Pavilion flagship site. from The Business of Fashion https://ift.tt/2xJmujI

The Art of the Crisis Pivot — and the Brands Getting it Right

- May 07, 2020

Fashion brands that find their businesses upended by the pandemic are finding creative new ways to operate. Here's how they did it. from The Business of Fashion https://ift.tt/2YQ0uPv

Power Moves | Missoni Appoints CEO, Condé Nast Taps Communications Lead from Vice

- May 07, 2020

This week, Missoni appoints a former Giorgio Armani executive to CEO, while Condé Nast hires its first ever global chief communications officer. from The Business of Fashion https://ift.tt/2SK54ut

Bernard Arnault Plans for LVMH Rebound

- May 07, 2020

Historically, Europe’s richest man has made a career out of investing through downturns when his competitors were too weakened or too skittish to forge ahead. Even though his net worth has dwindled more than $30 billion during the crisis, his luxury conglomerate LVMH is going ahead with much of its spending plans. from The Business of Fashion https://ift.tt/2SKfwSV

Neiman Marcus Files for Bankruptcy. Can It Survive?

- May 07, 2020

Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say. from The Business of Fashion https://ift.tt/2L5iJZ4

Brands See an Uptick in Online Sales During the Covid-19 Crisis

- May 07, 2020

As lockdown measures across the globe remain in place key fashion players, including H&M, Zalando, Hugo Boss, Puma and Inditex have benefitted from an increase in consumers pivoting their spending online. from The Business of Fashion https://ift.tt/3fsRZiW

Neiman Marcus Files for Bankruptcy. Can It Survive?

- May 07, 2020

Next to Expand Beauty Business Using Shuttered Debenhams Stores

- May 07, 2020

The British clothing retailer announced its plans to open standalone beauty shops in five of the closed department stores to bolster its existing online beauty business. from The Business of Fashion https://ift.tt/3dmpOAz

#BoFLIVE: What China's Fashion Industry Can Teach the World

- May 07, 2020

Catch up on the live discussion and audience Q&A on what brands can learn from China's fashion industry, exclusively for BoF Professional Members. from The Business of Fashion https://ift.tt/2WBogM5

#BoFLIVE: Tim's Take With Marc Jacobs

- May 07, 2020

BoF Editor-at-Large Tim Blanks speaks to decorated American designer Marc Jacobs about finding inspiration under quarantine. from The Business of Fashion https://ift.tt/2WE7Tyo

#BoFLIVE: What Does Reopening Look Like in China?

- May 07, 2020

As countries in the West prepare for lifted lockdowns, BoF examines how China's economy has fared, and what it means for the global fashion industry. from The Business of Fashion https://ift.tt/35IKJLp

#BoFLIVE: Brand Marketing in the Age of COVID-19

- May 07, 2020

A live discussion and audience Q&A where industry leaders share their best practises for communicating and connecting with customers when buying clothes isn't a top priority. from The Business of Fashion https://ift.tt/2SKdPVx

Marrying Traditional Craftsmanship with International Opportunity at Pearl Academy

- May 07, 2020

BoF sits down with the president of the Indian fashion school to hear how the academy weaves a curriculum of local artisanship with international study opportunities to mould its next generation of fashion professionals. from The Business of Fashion https://ift.tt/2Wc0xn1

Will Millennial Debt Threaten China’s Luxury Rebound?

- May 07, 2020

Brands need to investigate how consumer debt will impact their recovery plans in the world’s largest luxury market. While some experts downplay concerns, others believe it could throw a spanner in the works. from The Business of Fashion https://ift.tt/2YJig6O

Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown

- May 07, 2020

The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company. from The Business of Fashion https://ift.tt/2yDUPBh

Puma Bets on Wellness Uptick for Recovery

- May 07, 2020

The sports retailer expects all markets to recover by the end of the year and for growth to return in 2021. from The Business of Fashion https://ift.tt/2Lahyr8

Op-Ed | In a Crisis, Looking Good Really Can Help Us Feel Good

- May 06, 2020

Fashion doesn’t just reflect our inner selves; it can also have psychological effects that actually change how we think, feel and act, argues Carolyn Mair. from The Business of Fashion https://ift.tt/2A1jP5D

Fashion's Sustainability Goals Threatened By the Crisis

- May 06, 2020

In the midst of the pandemic, brands are continuing to make big, long-term commitments to environmental and social goals, but with money tight, progress is likely to be fraught. from The Business of Fashion https://ift.tt/35Cn9Qo

Debenhams to Cut Jobs as Stores Shut Down

- May 06, 2020

The British department store group said it will shut down five of its stores in Hammerson leading to potentially 1,400 job losses. from The Business of Fashion https://ift.tt/3fu89bR

Report: Balenciaga to Open a Store on London's Bond Street

- May 06, 2020

The Kering-owned luxury brand reportedly paid $6.2 million to take over Russell & Bromley's lease. from The Business of Fashion https://ift.tt/2W7cnia

What to Do When You’ve Been Laid Off

- May 05, 2020

BoF talked to experts to find out what fashion workers who have lost their jobs during the coronavirus pandemic should do next. from The Business of Fashion https://ift.tt/35y2aym

For Luxury, Hope Springs Eternal

- May 05, 2020

Investors in the sector are looking beyond a troublesome second quarter to greener pastures in the second half of 2020. from The Business of Fashion https://ift.tt/3ckNCVv

The BoF Podcast: Kalpona Akter on Choosing Between Lives and Livelihood

- May 05, 2020

In the latest special edition of the BoF Podcast, Kalpona Akter, founder and executive director of the Bangladesh Centre for Worker Solidarity, joins BoF’s Imran Amed to discuss the impact of Covid-19 on the millions of garment workers left destitute as the world's largest retailers cancel orders. from The Business of Fashion https://ift.tt/3dkOQA1

After Coronavirus, Young Chinese Consumers Are Selling Their Goods

- May 05, 2020

Many Gen-Z and Millenial shoppers are offloading possessions and embracing a new-found less-is-more attitude.   from The Business of Fashion https://ift.tt/2L4It7H

Hugo Boss Expects 50% Sales Drop Next Quarter as Crisis Impact Worsens

- May 05, 2020

The German suit maker's first-quarter sales fell by 17 percent as a result of shuttered stores. from The Business of Fashion https://ift.tt/2SCY4iZ

Amazon Wins Business From Reluctant Brands After Coronavirus Closes Stores

- May 05, 2020

The e-commerce giant has long enjoyed outsize power over small businesses. Now, that leverage includes bigger brands that relied on physical retail for the bulk of their sales. from The Business of Fashion https://ift.tt/35JnXTX

Hong Kong Retail Sales Down 42% Amid the Covid-19 Crisis

- May 05, 2020

Sales dropped to HK$23 billion in March — the 14th consecutive month of decline.   from The Business of Fashion https://ift.tt/2W4UnVD

How to Stage a Digital Live Event

- May 04, 2020

As sponsorship opportunities dry up and red carpets are on hold for the foreseeable future, moving live events online requires more than a direct translation. from The Business of Fashion https://ift.tt/2WuVDA7

Op-Ed | Could a Marketplace Solve Fashion's Supply Chain Challenges?

- May 04, 2020

Covid-19 has put a spotlight on the costly inefficiencies and inflexibilities of the apparel supply chain. A global sourcing platform could help to address these issues, argue Maxime Lim and Becca O'Leary. from The Business of Fashion https://ift.tt/2xE9f3U

The Holiday Season Is Already Looking Grim

- May 04, 2020

Disrupted supply chains and high unemployment do not bode well for the all-important Christmas shopping period. from The Business of Fashion https://ift.tt/3c2ll5S

Victoria’s Secret Owner and Sycamore Cancel Deal

- May 04, 2020

The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand. from The Business of Fashion https://ift.tt/3carzRi

J.C. Penney Sues to Block Sephora From Closing In-Store Boutiques

- May 04, 2020

Sephora has complained about boutique employees being furloughed during the pandemic and is demanding that all hard surfaces be cleaned with a special electrostatic spray. from The Business of Fashion https://ift.tt/2yrXf5S

J.Crew Says Bankruptcy Is the Reset it Needs. But There Actually Has to Be a Reset.

- May 04, 2020

Just because consumers love the brand doesn't mean they want to buy the clothes. from The Business of Fashion https://ift.tt/2zZVKML

#BoFLIVE: What is the Future of Fashion Now?

- May 04, 2020

Catch up on the live discussion between Imran Amed and Roman & Williams GUILD Vice President Casey Legler. from The Business of Fashion https://ift.tt/2xwg879

Lenders Offer Breathing Room for UK Stores

- May 04, 2020

Struggling retailers are unlikely to see much demand once lockdowns are lifted. from The Business of Fashion https://ift.tt/35sR8KN

#BoFLIVE: Student Ask Me Anything with Imran Amed

- May 04, 2020

Catch up on the live Q&A session with Imran Amed, who takes student questions from around the world. from The Business of Fashion https://ift.tt/3b3qDN9

Careers Counsel | Should You Agree to Take a Pay Cut?

- May 04, 2020

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/2zPfe6u

The Best Jobs on BoF Careers

- May 04, 2020

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Estée Lauder, Richemont and Coach. from The Business of Fashion https://ift.tt/2Sycjpc

J Crew Files for Chapter 11

- May 04, 2020

The US Retailer joins a string of struggling retailers seeking bankruptcy protection in the wake of the Covid-19 pandemic. from The Business of Fashion https://ift.tt/3cdxwNn

Weibo Enters the E-Commerce Race. Should Brands be Excited or Cautious?

- May 03, 2020

With 560 million monthly active users and a host of new features like Xiaodian and Lvzhou, the social media giant is making a play for China’s lucrative e-commerce market. from The Business of Fashion https://ift.tt/2yoA2By

Fashion and Music Find New Ways to Partner in the Pandemic

- May 03, 2020

It may be a while before concerts and red carpets are allowed again, but luxury brands are finding creative ways to engage with the music industry in the meantime. from The Business of Fashion https://ift.tt/2yonVV5

How to Go From Wholesale to Direct-To-Consumer

- May 03, 2020

For apparel labels reliant on multi-brand retailers for sales, developing a direct business has never been more important. But how can you go DTC in the middle of the pandemic? Here’s BoF’s guide to pivoting online during a time – and cash – crunch. from The Business of Fashion https://ift.tt/3fkPHTg

The Big Keep Getting Bigger in the Pandemic-Rearranged Economy

- May 03, 2020

Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover. from The Business of Fashion https://ift.tt/3c0gToa

The Met Gala That Wasn't

- May 03, 2020

This week, everyone will be talking about the Met Gala that wasn't, big brands on bankruptcy watch and China's sluggish retail sector. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2Ys9AS5

America’s Retailers Return to Lure Virus-Weary Shoppers to Malls

- May 02, 2020

States including Texas, Georgia and South Carolina are allowing stores to resume business. But no one knows if shoppers will even want to come back — much less spend money on clothing. from The Business of Fashion https://ift.tt/2WmpxXd

Gap Inc. Lays Off 10% of Its Corporate Workforce

- May 01, 2020

The cuts include jobs at Gap, Old Navy and Banana Republic, as the American retail giant scrambles to weather the crisis of Covid-19. from The Business of Fashion https://ift.tt/3f4zWzD

Brooks Brothers Looks for a Buyer as Wall Street Works From Home

- May 01, 2020

Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cache have elicited interest. from The Business of Fashion https://ift.tt/2KWyNMp

Jeff Bezos Called to Testify Before House Panel on Amazon Private Label Products

- May 01, 2020

Independent merchants have long complained that the company’s AmazonBasics line copies popular products that they sell. from The Business of Fashion https://ift.tt/2WeVAsl

American Apparel's Owner May Pivot Permanently to Masks and Gowns

- May 01, 2020

T-shirt maker Gildan sees significant opportunities supplying North American customers that have long relied on Asian imports. from The Business of Fashion https://ift.tt/3fakwtx

Why Fashion 'Seasons' Are Obsolete

- May 01, 2020

This week, Saint Laurent said it would skip Paris Fashion Week and set its own schedule for showing collections for the rest of the year, raising deeper questions about following universal fashion seasons in a global market. from The Business of Fashion https://ift.tt/3d7jUmy

J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic

- May 01, 2020

A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs. from The Business of Fashion https://ift.tt/2zQ3v7V

Workers for Amazon and Other Warehouses Protest on May Day

- May 01, 2020

They are demanding a safer work environment and better pay during the coronavirus outbreak. from The Business of Fashion https://ift.tt/2VUw2lp

The BoF Podcast: Rafat Ali on the Month the World Stopped Travelling

- May 01, 2020

In the latest special edition of the BoF Podcast, Rafat Ali, founder and CEO of the B2B travel news site Skift, talks to BoF Editor-in-Chief Imran Amed about the tourism standstill following the outbreak of Covid-19 and its impact on travel retail. from The Business of Fashion https://ift.tt/3d4AhQY