Fashion World News

The company became one of the world’s most influential publishers by packaging and selling a vision of a specific type of wealth and privilege, an image that was also baked into the publisher's internal culture. Now, amid resignations and workplace turmoil, current and former employees say that this culture is frustrating the company’s efforts to evolve. from The Business of Fashion https://ift.tt/31BpzPl

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

Brands must reconsider their values, who they are targeting and what they really want to say. from The Business of Fashion https://ift.tt/38hhi4v

L'Oréal to Nominate CEO Successor by Autumn

The cosmetics company's Chief Executive Jean-Paul Agon said his successor should come from inside the company. from The Business of Fashion https://ift.tt/2NFpli9

Trouble Lies Ahead for LVMH

The luxury conglomerate's second-quarter earnings are expected to take a hit, warned Chairman Bernard Arnault. from The Business of Fashion https://ift.tt/3dLWNxR

Kanye West Wants to Bring Yeezy Production to Wyoming

The town of Cody, with virtually no textile industry currently, is expected to produce footwear and apparel for Yeezy's partnerships with Adidas and Gap. from The Business of Fashion https://ift.tt/2Zgfgxq

How the Rich Are Shopping Right Now

A focus group of US shoppers from New York to Dallas reveals what the wealthy are prioritising. from The Business of Fashion https://ift.tt/2YKA3KA

Luxury Brands Face Uncertain Future in Latin America

New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico? from The Business of Fashion https://ift.tt/3ieUhnu

Op-Ed | Fashion’s Darkest Truth

A designer journeys to post-colonial Bangladesh to meet the workers who make our clothes. from The Business of Fashion https://ift.tt/38jMeRB

Telfar Clemens, Tommy Hilfiger and the State of American Fashion

BoF brings you a conversation between the designers Telfar Clemens and Tommy Hilfiger on the rise of their respective labels and the state of American fashion past and present, courtesy of System magazine. from The Business of Fashion https://ift.tt/2BkVDw4

Lululemon to Buy Fitness Company Mirror for $500 Million

The deal furthers the brand’s ambitions to move beyond leggings to more experience-based offerings. from The Business of Fashion https://ift.tt/2BlVTen

H&M's Online Secondhand Shop Sellpy Launches Internationally

H&M first invested in Sellpy in 2015 and now holds a 70 percent stake. from The Business of Fashion https://ift.tt/2CJoxX5

Amazon to Pay $500 Million in One-Time Bonuses to Frontline Workers

Employees who have been with the e-commerce company through June will receive bonuses ranging from $150 to $3,000. from The Business of Fashion https://ift.tt/3g3qqMG

What’s Next for Retail and Luxury?

From M&A to e-commerce, analysts share the key areas brands must consider in order to navigate the economic fallout of the pandemic. from The Business of Fashion https://ift.tt/2ZoC9yC

Stuart Emmrich Is Out as Editor of Vogue.com

The former editor of The New York Times Styles section joined the fashion title at the beginning of the year. from The Business of Fashion https://ift.tt/38iTNbm

Men's Makeup Goes Mainstream With CVS Rollout

The drugstore chain is adding Stryx, a cosmetics brand for men, to 2,000 stores. from The Business of Fashion https://ift.tt/2NGAIWQ

Meet the Mentors Leading Digital Learning at Polimoda

Tank’s Chief Executive and Fashion Director, Caroline Issa, and Emilio Pucci’s Deputy Chairman and Image Director, Laudomia Pucci, will be offering their industry expertise to the next generation of fashion professionals — exclusively available online. from The Business of Fashion https://ift.tt/3gkDMob

Careers Counsel | 3 Ways Companies Can Support Their Black Employees Right Now

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/3icvkJf

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Gucci, Allbirds and Aeyde. from The Business of Fashion https://ift.tt/3i9MxTv

Coty to Buy 20% Stake in Kim Kardashian West's Beauty Line

The $200 million deal values West's cosmetics company at $1 billion. from The Business of Fashion https://ift.tt/3g5T93w

Want to Reach 170 Million Asian Consumers? Get This App.

- June 28, 2020

Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region. from The Business of Fashion https://ift.tt/2VseUTa

Dior's Air Jordans and the Return of Pre-Pandemic Hype

- June 28, 2020

This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3eMVm3O

Kim Kardashian’s Collaboration With Coty Cosmetics Hits Legal Snag

- June 28, 2020

Kim Kardashian West’s partner for her beauty line won a court order temporarily blocking the reality TV star from sharing trade secrets in their agreement as she pursues a stake sale to rival Coty Inc. from The Business of Fashion https://ift.tt/2NE2H9P

The Outdoor Voices Saga Continues: Tyler Haney Is Back

- June 27, 2020

After an unceremonious departure at the end of February, the founder and former chief executive has quietly been doing work for the venture capital-backed activewear label, which just received a new cash infusion from a surprising source. from The Business of Fashion https://ift.tt/2VpqwGF

Gap’s Deal with Kanye West Raises Questions About Postponed Telfar Collaboration

The New York designer partnered with the mall retailer before Covid-19 thwarted the plans. from The Business of Fashion https://ift.tt/3eBDkRH

See You in September?

Major European luxury brands are placing bets on a September fashion month that is sure to be unlike any other, if it actually happens. from The Business of Fashion https://ift.tt/2AamSZS

The BoF Podcast: Rick Owens on Why Fashion Shows Aren’t Going Away

The American designer talks to BoF Editor-at-Large Tim Blanks about the future of the industry, sustainability and runway shows. from The Business of Fashion https://ift.tt/3eCOIgb

H&M Prepares Debut Bond Issue as Pandemic Hammers Retailers

The move comes after the retailer declared its first loss in at least a decade. from The Business of Fashion https://ift.tt/38630Uo

Nike Plans to Cut Jobs in Digital Push

The planned layoffs come after the company reported a $790 million quarterly net loss, its first in more the two years. from The Business of Fashion https://ift.tt/2YDDCSN

Beauty Giants Bow to Pressure on Skin Lightening Lotions. Is it Enough?

Large conglomerates have come under fire for showing support for the racial justice movement while manufacturing and distributing skin-whitening lotions. Some are taking action, but critics question whether it’s enough. from The Business of Fashion https://ift.tt/2VlguWO

Can Kanye West Save Gap?

The controversial and influential entertainer and designer will bring his Yeezy collection to Gap in a co-branded line of apparel in 2021. from The Business of Fashion https://ift.tt/3dFnrIB

Why Fashion Brands and Their Retail Landlords Are Suing Each Other

After months of pandemic-inflicted shutdown, a legal battle over who’s responsible for rent was inevitable. The outcome for any of these cases will set a precedence for the whole industry. from The Business of Fashion https://ift.tt/2Z9GSEl

A Lipstick With Your Pizza? Why Beauty Brands Are Linking Up With Food Delivery Giants

On-demand services have helped the likes of Sephora reach consumers and boost sales in China. But as consumption habits shift, they could have a bigger role to play everywhere. from The Business of Fashion https://ift.tt/3g0raCq

Op-Ed | What It's Like Being a Black Fashion Intern

As Black interns at a high fashion magazine, we were largely confined to the fashion closet and denied opportunities for advancement enjoyed by others. It’s time for change, write Jasmine Burgos, Abigail Cherubin and Christopher Akintonde. from The Business of Fashion https://ift.tt/31gx4ei

Nike Reports Losses After Pandemic Hits Sales Harder Than Expected

A sign of Covid-19's effects on retail, the sportswear giant reported its lowest level of revenue since 2013. from The Business of Fashion https://ift.tt/2Vm274H

Power Moves | Hunter Creative Director Departs, LOVE Names Senior Editor

This week, Alasdhair Willis exited the British heritage brand, while LOVE appointed Pierre A. M’Pelé, aka Pam Boy, as its senior editor. from The Business of Fashion https://ift.tt/3dAk0D2

Macy's to Cut 3,900 Jobs to Help Counter Covid-19 Losses

The department store chain said it expects to save about $365 million in fiscal 2020 as a result of the layoffs. from The Business of Fashion https://ift.tt/2CH2Eb3

#BoFLIVE: How Farfetch Is Navigating the Coronavirus Crisis

The founder and chief executive of Farfetch, a curated online marketplace and one of fashion's only 'unicorns,' shares the state of his business amid the pandemic. from The Business of Fashion https://ift.tt/2B8QhEd

#BoFLIVE: Giles Deacon on Stepping Out of the Traditional Fashion System

The English designer, known for challenging womenswear ideals and his frequent pop culture references, speaks to Imran Amed about his plans for the business. from The Business of Fashion https://ift.tt/2NqDteU

#BoFLIVE: The State of Retail from China to the US

From China to Europe to the US, stores are up and running — and facing all sorts of new challenges. BoF correspondents covering each region offer real-time insights on what's next. from The Business of Fashion https://ift.tt/2ZaU37Y

Expecting Miracles from China’s Retail Market? Don't.

Despite a stronger recovery than most, China is not immune from the economic pain of the pandemic. Are global brands ready for the challenges that China’s ‘new normal’ will bring? from The Business of Fashion https://ift.tt/2NpkNMG

Is Facebook Too Big for Fashion Brands to Boycott?

- June 24, 2020

As the call to cancel paid advertising on the social media’s various platforms reaches a tipping point, small to mid-size fashion brands must evaluate where they draw the line between their values and sales. from The Business of Fashion https://ift.tt/3ezjpTv

Black Fashion Industry Leaders Want to Move From Cancel Culture to Accountability With New Coalition

- June 24, 2020

A group co-founded by Lindsay Peoples Wagner and Sandrine Charles will partner with companies to advance Black professionals and release a yearly index score measuring diversity. from The Business of Fashion https://ift.tt/31eZiGq

Why Luxury Brands Aren't Giving Up On Fashion Month

- June 24, 2020

Major luxury houses are moving ahead with plans for live fashion shows in September despite coronavirus uncertainty. from The Business of Fashion https://ift.tt/3fSYMBW

Selling $800 Party Shoes During a Pandemic

Amina Muaddi’s glitzy heels have continued to sell out, even though lockdowns mean shoppers have few places to wear them. Why? from The Business of Fashion https://ift.tt/2Z2QaSr

Inside Michael Jordan's Eight-Year Trademark Battle in China

Brands can learn a lot from the case of Michael Jordan vs Qiaodan Sports. Not only does it provide a cautionary tale about protecting IP rights in China but the legal dispute also shines a new light on the $3 billion sneaker brand at a time of rapid growth. from The Business of Fashion https://ift.tt/2zYSQYR

Etsy Stock Continues to Rise

Shares of the company have soared this year as analysts grow more optimistic about its long term prospects. from The Business of Fashion https://ift.tt/2YrTeIP

UK Mall Landlords Worry About Rent Collection

Landlords face an existential threat as retailers collapse into bankruptcy with little sign of new operators looking to take their place. from The Business of Fashion https://ift.tt/2V8GvIP

The BoF Podcast: Ibrahim Kamara on Photography as a Powerful Force for Change

The renowned stylist and fashion director talks to BoF’s Editor-at-Large Tim Blanks about his time creating under lockdown. from The Business of Fashion https://ift.tt/3dtzMjg

Kohl's CEO Says the Pandemic Is Transforming Its Stores

The department store chain is making greater use of protective gear and curbside pickups as it prepares for a business cycle that’s significantly different from previous years. from The Business of Fashion https://ift.tt/2zW9FUg

A ‘Second Wave’ of Covid-19 Hit China. Will It Dent Consumer Confidence?

A new outbreak in Beijing is bad news for China’s recovery but how serious is it for retail in the capital and for brands reliant on the broader national market? from The Business of Fashion https://ift.tt/2BtXTks

Can the Subscription Box Model Be Saved?

Beauty and clothing subscription boxes saw a surge in new customers during Covid-19. Can they navigate the business model's high costs and low retention levels? from The Business of Fashion https://ift.tt/3hLHDvM

Black Stylists Form Collective for Support and Advocacy

Co-founded by Law Roach, Jason Rembert, and Lacy Redway, The Black Fashion & Beauty Collective will serve as a kind of “black glam union” for behind-the-scenes creatives. from The Business of Fashion https://ift.tt/3fLzPZa

Insights on the Rise of DTC and Scaling Responsibly from Shopify Plus

The head of EMEA at Shopify’s enterprise commerce platform, which works with over 7,000 brands including Allbirds, Ralph & Russo and Marchesa, shares key insights on how DTCs can authentically embed themselves within the growing sustainability sector. from The Business of Fashion https://ift.tt/2Z62D8e

Valentino Sues New York Flagship Landlord

The luxury brand filed a complaint stating that the location was irreparably damaged, and no longer feasible for the company. from The Business of Fashion https://ift.tt/3fLH3fO

Dior Revives Fashion Shows

The luxury brand is continuing the calendar fashion weeks with live stream shows. from The Business of Fashion https://ift.tt/2YXc2Pf

How I Became... Burberry's Global Beauty Director

From competitive athlete to dance performer, face painter to professional makeup artist, Isamaya Ffrench has worked for the likes of Tom Ford Beauty, YSL Beauty, Vogue and Love magazines, as well as launching Dazed Beauty. from The Business of Fashion https://ift.tt/37UxGrl

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Chloé, Ganni and Depop. from The Business of Fashion https://ift.tt/2APKjbn

Announcing Knot Standard and Iconic Vault

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/3dpexPA

Careers Counsel | Should You Wear a Mask During a Job Interview?

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/3dprite

Burberry Will Stage Outdoor Runway Show in September

The global fashion calendar has been thrown into chaos by the pandemic. The British label is one of the first to announce solid plans for the autumn. from The Business of Fashion https://ift.tt/315eUwg

How to Break Into Fashion When You Don’t Already Have Money

Growing financial pressure and increasing competition is making it harder than ever for creatives to build a career in the industry. Here's how to better your chances. from The Business of Fashion https://ift.tt/2YVigz8

When Your Corporate Diversity Strategy Isn’t Enough

Activists, employees and a growing subset of the public are calling for more than standard-issue ‘D&I’ programs. What do companies need to do? from The Business of Fashion https://ift.tt/2YXFIMc

How Luxury Brands Sell 'Exclusive' Goods by the Millions

Successful modern luxury brands deploy a number of powerful strategies to achieve the perception of exclusivity while moving millions of units. Here’s how it works. from The Business of Fashion https://ift.tt/3hR3an1

How Fashion Is Redesigned Itself in Lockdown

The industry has faced some of the worst upheaval as a result of the pandemic. Here’s how four corners of the stricken industry are making it work. from The Business of Fashion https://ift.tt/2Cnkkbn

Can Condé Nast Woo Pandemic-Wary Advertisers?

This week, everyone will be talking about Condé Nast’s latest advertising push, what Nike’s results say about the activewear market and the fate of physical retail. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2Cn73zz

Gucci Hikes Handbag Prices to Curb Coronavirus Hit

- June 20, 2020

A report by Jefferies analysts found price increases between 5 percent and 9 percent for the $2,290 Dionysus and $2,980 Zumi bags in Italy, Britain and China. from The Business of Fashion https://ift.tt/2Nrxgj3

Why This Black-Owned Beauty Brand Doesn’t Need Sephora

Supa Cent, founder of The Crayon Case, has grown the company into a multimillion-dollar business that’s spawned numerous copycats – without the help of investors or retailers from The Business of Fashion https://ift.tt/30TolyG

The BoF Podcast: June Sarpong Says Fashion's Gatekeepers Need to Start Thinking Differently About Diversity

June Sarpong shares her advice on how organisations can improve their diversity and inclusive representation, and effectively champion allyship. from The Business of Fashion https://ift.tt/3fxC2aC

Could the Pandemic Make Retail Better?

The Covid-19 crisis has crushed fashion retailers, but the pressure could prove a catalyst for change that ultimately makes the sector stronger. from The Business of Fashion https://ift.tt/2YJbUTa

UK Retail Sales Up While Public Borrowing Hits Record High

Public sector net borrowing hit $68.7 billion in May, with experts warning of rising unemployment and no guarantee of a strong rebound. from The Business of Fashion https://ift.tt/2YKqQRa

Why This Black-Owned Beauty Brand Doesn’t Need Sephora

#BoFLIVE: The Future of the Independent Fashion Store

More than ever, brands are relying on local retailers to supplant the downfall of major chains. How are these entrepreneurs navigating the era of Covid-19? from The Business of Fashion https://ift.tt/2UYIdg9

The BoF Professional Summit Wrap-Up: How to Build a Responsible Fashion Business

The climate crisis, Covid-19 and recent anti-racism protests have forced the fashion industry to recognise how it is failing to live up to its environmental and social responsibilities. Global experts at The BoF Professional Summit weighed in on where we go from here. from The Business of Fashion https://ift.tt/3hKzKqn

Brookfield Sues Gap Over $2 Million in Missed Rent Payments

The shopping mall landlord is the second major group to sue the apparel retailer on overdue payments. from The Business of Fashion https://ift.tt/3d8Zyck

Online Fashion Stocks in Vogue as Coronavirus Speeds E-Commerce

Shares in online fashion retailers Zalando and ASOS jumped as coronavirus lockdowns accelerate a shift to e-commerce. from The Business of Fashion https://ift.tt/2BiqbOL

Amazon and Valentino File Joint Lawsuit Over Counterfeit Shoes

The move is Amazon's first joint litigation with a luxury fashion brand and Valentino's first with an online retailer. from The Business of Fashion https://ift.tt/2NfS7Fz

Power Moves | Richemont Taps Former Givenchy CEO to Lead Fashion Division, Hugo Boss Names New CEO

This week, the luxury group appointed LVMH veteran Philippe Fortunato to oversee fashion and accessories, while the German suit maker tapped Daniel Grieder after his recent departure from Tommy Hilfiger. from The Business of Fashion https://ift.tt/2Ncfsbf

UK High Streets Half Empty Despite Shops Reopening

Footfall in English high streets remained down over 50 percent compared to the same days last year. from The Business of Fashion https://ift.tt/310BhTz

Ted Baker Raises £105 Million To Ride Out Pandemic

The funding comes amid plans to reduce costs and shift toward online sales. from The Business of Fashion https://ift.tt/37H5oAL

From Savile Row to Swiss Watches, Luxury's Rules Have Changed

After months of lockdown, sales of luxury goods are estimated to fall as much as 35 percent this year. from The Business of Fashion https://ift.tt/2N6sNSF

Chanel Surpasses $12 Billion in 2019 Sales

The megabrand’s 2019 performance reflected another record-breaking year. from The Business of Fashion https://ift.tt/2NcF33K

6 Ways to Boost Sales During the 618 Shopping Festival

With billions of dollars of merchandise sold by more than one hundred thousand brands, China’s discount-focused shopping festivals are impossible to ignore but difficult to get right. Here are six ways to make them work. from The Business of Fashion https://ift.tt/3hF7hST

The Future of Suits

The fate of the traditional suit was already in question long before the pandemic. Where does the market go from here? from The Business of Fashion https://ift.tt/2CdojXX

Fixing the Whitewashed Influencer Economy

BoF breaks down the system of pay gaps, racist exclusion and algorithms that keep black influencers from excelling — and what needs to happen to make it stop. from The Business of Fashion https://ift.tt/2zGdehe

Op-Ed | A Racist Incident at Fashion Week

A racist accusation at Paris Fashion Week was only the tip of the iceberg, recalls Tiffany Reid. from The Business of Fashion https://ift.tt/2YE8Sj2

Target Increases Hourly Wage to $15

The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits. from The Business of Fashion https://ift.tt/2Ya58H9

#BoFLIVE: The Future of Wholesale

Watch Nicolas Santi-Weil, CEO of Ami Paris, and Shira Sue Carmi, CEO of Altuzarra, discuss the challenges and value of the wholesale model with BoF's Lauren Sherman and Chantal Fernandez. from The Business of Fashion https://ift.tt/37BFZs5

Tune In to The BoF Professional Summit Broadcasting Live

Learn how to build a responsible fashion business today. from The Business of Fashion https://ift.tt/2N7YYko

Boohoo Acquires Warehouse and Oasis Brands

The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies. from The Business of Fashion https://ift.tt/3hDzObl

How to Navigate the Workplace as a Minority Voice

What can minority employees do to protect themselves at companies that have been slow to take action on diversity and inclusion? BoF spoke to experts about how best to handle some of the challenges. from The Business of Fashion https://ift.tt/2ULEHWf

Op-Ed | Condé Nast’s Big Issue Is Classism

Social class remains curiously absent from America’s conversation on race, but it has always been in sharp focus at Condé Nast, writes Bonnie Morrison. from The Business of Fashion https://ift.tt/2C8OjDS

Emma Watson Joins Kering Board

The French actress will join the luxury group's sustainability committee. from The Business of Fashion https://ift.tt/3dapnZo

The BoF Podcast: Anna Sui Says, 'You Can Define an Era By the Clothes'

The American designer speaks to BoF's Editor-at-Large Tim Blanks about how fashion mirrors politics. from The Business of Fashion https://ift.tt/3e89owd

How to Do Pride Marketing Right

With parades cancelled and civil rights protests top of mind, many fashion brands are rethinking how they show their support for the LGBTQ community. from The Business of Fashion https://ift.tt/30RG35L

As Sies Marjan Closes, What Is to Blame, the Pandemic or the Fashion System?

The five-year old label, backed by billionaire Nancy Marks, is shutting its doors due to the ramifications of Covid-19. But independent fashion brands were hurting long before the lockdowns. from The Business of Fashion https://ift.tt/30KmGLz

Sies Marjan to Close

The five-year old brand, backed by billionaire Nancy Marks, is shutting its doors. from The Business of Fashion https://ift.tt/2UOamWZ

Amazon CEO Jeff Bezos to Testify Before US Congress

The e-commerce giant, along with Google, Apple and Facebook, are being investigated for potential violations of US antitrust law. from The Business of Fashion https://ift.tt/2MWH1FA

The Logic Behind Givenchy's New Designer Appointment

Matthew M. Williams, founder of the luxury streetwear-inspired label 1017 ALYX 9SM, succeeds Clare Waight Keller. What expertise does he bring to LVMH-owned brand? from The Business of Fashion https://ift.tt/2YJ4eAG

Black Professionals Petition CFDA Over ‘Hasty Attempts’ to Counter Racism

A group of 250 professionals submitted a four-part proposal, named after black designer Patrick Kelly, the first American to be admitted to the Chambre Syndicale du Prêt-à-Porter. from The Business of Fashion https://ift.tt/3d5GcEQ

Givenchy Names Matthew Williams Creative Director

The founder of the luxury streetwear-inspired label 1017 ALYX 9SM succeeds Clare Waight Keller at the LVMH-owned house. from The Business of Fashion https://ift.tt/2Y0TM8o

Walmart Partners With Shopify to Expand Online Marketplace Business

The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales. from The Business of Fashion https://ift.tt/3fCMRbB

Careers Counsel | How Managers Should Address the Black Lives Matter Movement

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/3fnM7qv

A Buying Director's Advice for Emerging Designers

Browns' Ida Petersson shares her insight on how emerging designers should approach this unprecedented show season. from The Business of Fashion https://ift.tt/3d7r2il

Richemont Joins BoF Careers

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/3e5vMq3

H&M Sales Decline in Second Quarter

The fast fashion retailer saw net sales fall by 50 percent in the three months to May 31, despite an uptick in online sales. from The Business of Fashion https://ift.tt/37xG7cc

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Coach, Shopify and Everpress. from The Business of Fashion https://ift.tt/2Y3HIU0

It’s Time for Fashion to Clean Up Its Act. Please Join Us.

You’re invited to the BoF Professional Summit on How to Build a Responsible Fashion Business, broadcast live on 17 June 2020. from The Business of Fashion https://ift.tt/2B8MlmF

Asia’s Recovery Roadmap for Luxury

As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling. from The Business of Fashion https://ift.tt/3fo08Ez

Following Mass Layoffs, Diane von Furstenberg Faces an Uncertain Future

As the company refocuses its prospects on China amid the pandemic, more than 75 percent of the 400-person staff has been let go, while 18 out of 19 stores are closing. But the contemporary brand's business model was challenged long before Covid-19. from The Business of Fashion https://ift.tt/3fqHjRi

Michael Kors Is the Latest Brand to Depart from the Fashion Calendar

The American fashion giant will move to producing two collections per year, and will sell its clothes to retailers before it reveals its product to the public. It also will skip New York Fashion Week this September. from The Business of Fashion https://ift.tt/2Y2ZTsN

The Beauty Industry Joins the Corporate Reckoning on Race

Run largely by white executives, companies likes LVMH, Coty and Estée Lauder presise over a vital facet of culture: ideal female beauty. from The Business of Fashion https://ift.tt/2MZeCi8

The Fashion Establishment Nervously Asks: Who's Next?

This week, everyone will be talking about the steady stream of high-level fashion resignations, a Pride month like no other and retail's shrinking store footprint. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3e2Ytnx

Reformation Founder and CEO Steps Down After Accusations of Racism

Yael Aflalo, who founded the womenswear brand in 2009, will be replaced by current president Hali Borenstein. from The Business of Fashion https://ift.tt/3cXvnoz

Reformation Founder and CEO Steps Down After Accusations of Racism

Yael Aflalo, who founded the womenswear brand in 2009, will be replaced by current president Hali Borenstein. from The Business of Fashion https://ift.tt/30CcFQw

Richemont Human Resources Director Leaves Executive Committee

Sophie Guieysse will be stepping own from the committee but will reportedly stay on in her HR role, despite mounting employee anger over executive compensation. from The Business of Fashion https://ift.tt/3dZ0261

Indebted Retailers See Kylie Jenner’s Beauty as More Than Skin-Deep

Beauty firms have seen skincare sales soar during lockdown while consumer interest in makeup declined. from The Business of Fashion https://ift.tt/2Yv1gzj

A Reckoning and Reboot for Fashion Media

As anti-racism protests spread from the streets to the corridors of powerful magazines like Vogue, the appointment of Samira Nasr, the first woman of colour to run Harper’s Bazaar, may offer a path forward. from The Business of Fashion https://ift.tt/2Ys7Wyl

The BoF Podcast: Graydon Carter Says, ‘There Is More Good Journalism Being Produced Now Than There Was 25 Years Ago’

The former Vanity Fair editor-in-chief lifts the lid on his 25-year run at the publication, what it’s like to make digital weekly newsletter Air Mail and the fate of media in a post-pandemic climate. from The Business of Fashion https://ift.tt/2C1hdpA

Anna Wintour Is Not Resigning, Says Condé Nast Chief

Speculation that the Vogue editor in chief might exit her role hit a fever pitch on Thursday, after a week of racial reckoning at the publisher. from The Business of Fashion https://ift.tt/3dWhcBt

CVS Joins Walmart in Keeping Black Beauty Products out of Locked Cabinets

The practice drew criticism after a Walmart customer complained it was a discriminatory double-standard. from The Business of Fashion https://ift.tt/3ffWA7i

Lululemon Revenue Falls Below Analyst Forecasts

Despite a 70 percent surge in online sales, the activewear company's temporarily shuttered stores impacted its performance. from The Business of Fashion https://ift.tt/3fiedmT

Anna Wintour Is Not Resigning, Says Condé Nast Chief

Speculation that the Vogue editor in chief might exit her role hit a fever pitch on Thursday after a week of racial reckoning at the publisher. from The Business of Fashion https://ift.tt/3dZidsj

Black-Owned Brands See an Opening in the Beauty Aisle

Sephora said it will dedicate 15 percent of its shelf space to black-owned brands. But building a more inclusive beauty store is going to be complicated. from The Business of Fashion https://ift.tt/37q2f8k

What Happened to Brooks Brothers

The inside story of how the brand that invented the American suit found itself on the brink of bankruptcy. from The Business of Fashion https://ift.tt/2YvkFQT

Moncler to Launch Fragrant Line

The Italian luxury brand is looking to diversify its offering and lessen the deep impact of the coronavirus crisis. from The Business of Fashion https://ift.tt/2XWbg5T

Power Moves | Hearst Names Samira Nasr Editor-In-Chief of Harper’s Bazaar, Munroe Bergdorf Joins L’Oréal in D&I Role

This week Harper’s Bazaar appointed its first black editor in the magazine’s 153-year history, while beauty giant L’Oréal announced the transgender model will consult on its diversity and inclusion advisory board. from The Business of Fashion https://ift.tt/30wkkQn

Unilever Opts for Single UK Base in Bid to Boost Dealmaking

Eliminating dual legal structures will result in one class of shares and a single pool of liquidity for the Dove soap maker. from The Business of Fashion https://ift.tt/2AsOqcV

Alibaba and JD.com Face US Threat. Should Brands Be Concerned?

New US legislation could cause an exodus of Chinese tech giants from American stock exchanges. At a time when fashion companies are more reliant than ever on these e-commerce players the stakes are high. from The Business of Fashion https://ift.tt/2YmIXfT

Report: JD to Raise $3.9 Billion in Hong Kong Listing

The e-commerce company priced 133 million new shares at HK$226 each, according to people familiar with the matter, making it the second-largest listing this year after Beijing-Shanghai High Speed Railway. from The Business of Fashion https://ift.tt/2BTcVAp

Who Will Win the Digital Fashion Week Battle?

Even after physical shows return, many in the industry expect the use of digital communication tools will permanently shift the schedule, cadence and strategy of runway shows. Which platforms will emerge dominant? from The Business of Fashion https://ift.tt/30u7TEH

Is It Finally Time for Chinese Luxury to Go Global?

Hermès, Kering and Richemont have all dabbled in Chinese luxury brands but none have so far been a big international hit. Insiders now reckon they know why. from The Business of Fashion https://ift.tt/2AoswaP

LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June

L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May. from The Business of Fashion https://ift.tt/3dShPvI

EssilorLuxottica Remains Committed to $8 Billion GrandVision Deal

Despite recent deals falling apart, EssilorLuxottica is committed to its acquisition of Netherlands-based optical retailer GrandVision. from The Business of Fashion https://ift.tt/2MNIPAx

Guess to Close 100 Stores Worldwide Over Next 18 Months

The fashion retailer suspended rent payments in April and is now in negotiations with landlords. from The Business of Fashion https://ift.tt/2AeoRMU

Sephora Pledges to Devote More Shelf Space to Black Businesses

The cosmetics giant became the first major retailer to sign onto a pledge to dedicate 15 percent of its shelf space to products from black-owned businesses. from The Business of Fashion https://ift.tt/37i537j

Inditex Posts Quarterly Loss Following Store Closures

The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April. from The Business of Fashion https://ift.tt/3dRJOeV

How to Recession-Proof Your Business

During times of economic uncertainty, brands should opt for a leaner business so that each dollar earned — and saved — goes a long way. from The Business of Fashion https://ift.tt/37hq5CR

When Outraged Commenters Are Your Employees

Brands that used social media to cultivate communities of consumers have found the platforms that boosted their success can also quickly expose them. from The Business of Fashion https://ift.tt/2Yj0c1F

How an Exodus from Cities Will Reshape Retail

The work-from-anywhere revolution will accelerate the coming of a post-digital age for shopping, argues Doug Stephens of Retail Prophet. from The Business of Fashion https://ift.tt/2XOJvMh

Estée Lauder to Boost Black Hiring and Donations After Employee Complaints

The company will also donate $10 million over three years to the NAACP and other racial equality organizations. from The Business of Fashion https://ift.tt/2zjAuS1

Victoria’s Secret Sues NYC Landlord

The lingerie brand is suing the landlord of its flagship store in Herald Square, arguing that the pandemic has made it impossible to pay almost $1 million a month in rent. from The Business of Fashion https://ift.tt/3hbKXjB

Harper’s Bazaar Names Samira Nasr Editor-in-Chief

The Vanity Fair executive fashion director will succeed Glenda Bailey as the magazine’s first black editor. from The Business of Fashion https://ift.tt/2AaGRYv

每日速报 | 伦敦时装周日程公布、Tiffany一季度销售跌45%、Pitti Uomo取消

“每日速报”为您汇总国内外时装、纺织、商业、零售和科技相关领域资讯，助您即刻掌握每日要闻，拓宽眼界、与时俱进。 from The Business of Fashion https://ift.tt/2YmHNkk

Macy’s First-Quarter Sales Plunge

The department store chain reported preliminary adjusted net loss of $630 million compared to a profit of $137 million a year earlier. from The Business of Fashion https://ift.tt/3cMZ63d

Tiffany First-Quarter Sales Slump

Comparable sales fell 43 percent as the coronavirus outbreak gutted demand for its luxury jewellery. from The Business of Fashion https://ift.tt/30q9n32

Zara Owner Built a Post-Covid Retailer Before Coronavirus

Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores. from The Business of Fashion https://ift.tt/3f6BjNc

What Fashion Investors Are Betting on Now

Money for fashion’s start-up scene hasn't dried up entirely, but investors say they are backing concepts that cater to shoppers who are hyper-aware of their finances, health and the planet. from The Business of Fashion https://ift.tt/3dMu1Or

Macy's Raises $4.5 billion to Shore Up Funds as Stores Reopen

Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell. from The Business of Fashion https://ift.tt/30kzqs6

Men’s Wearhouse Owner Weighs Bankruptcy Filing

Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, was struggling even before the coronavirus outbreak. from The Business of Fashion https://ift.tt/2XHwvZ0

New York’s Shops Cautiously Reopen After Months of Lockdown

But major retail chains with stores across the US and robust e-commerce operations aren't rushing to restart. from The Business of Fashion https://ift.tt/2MHPKvg

Galeries Lafayette Group Faces $1 Billion Hit

Since the reopening of its stores on May 11, traffic is down by about 20 percent compared to normal times. from The Business of Fashion https://ift.tt/2AdPBgj

Careers Counsel | How to Build an Actively Anti-Racist Company

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/30j2twa

Announcing Livincool and Citizen Femme

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/2Uphw3T

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Ralph Lauren, Tapestry and Amiri. from The Business of Fashion https://ift.tt/3dJNMpL

Mulberry to Slash 25% of Workforce

The British leather goods brand, whose shares have fallen 30 percent this year, said it expected a gradual recovery sales in the medium-term. from The Business of Fashion https://ift.tt/3f4yV9E

Why Chanel Doesn’t Want to Change the Fashion System

The French luxury titan is doubling down on six shows per year and the Cruise extravaganzas pioneered by Karl Lagerfeld. Chanel’s Bruno Pavlovsky lays out the logic to Tim Blanks. from The Business of Fashion https://ift.tt/3eZKe36

#BoFLIVE: The Future of the Off-Price Market

As lockdown measures ease, Value Retail Founder and Chairman Scott Malkin sheds light on the future of luxury outlet shopping destinations and the lessons learned from China. from The Business of Fashion https://ift.tt/30jsYSj

Can Fashion Really Change?

This week, everyone will be talking about whether the fashion industry can truly change its approach to race, LVMH's rocky path to acquiring Tiffany and London's all-digital fashion week. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3eYZhdk

What Does It Mean to Be a Mission-Driven Brand Now?

Companies that claim to share their customers’ values have seen their corporate activism put to the test by the pandemic and the protests. Consumers increasingly want to know that brands’ internal culture matches the opinions they share on Instagram. from The Business of Fashion https://ift.tt/2AfOfSj

The Secrets to Mytheresa’s Success

How has the retailer made luxury e-commerce profitable when competitors have struggled? CEO and President Michael Kliger reveals Mytheresa's secret sauce. from The Business of Fashion https://ift.tt/3gYKLnP

How Shifting Consumer Values Are Changing Online Payments

Discover how unprecedented times have altered consumer mindsets in online payment — substantiated by insights drawn from Affirm’s network of more than 5.3m customers and 4,000+ retailers. from The Business of Fashion https://ift.tt/3cCZnWl

With America in Chaos, Will LVMH’s Tiffany Acquisition Go Ahead as Planned?

Analysts and media speculated last week that the conglomerate has cold feet about buying an American company in the middle of the crisis. In the end, the partnership still makes sense. from The Business of Fashion https://ift.tt/3f1Mwi2

Richemont Signals HR Shakeup After Reports of Bonus Controversy

The Swiss luxury-goods maker’s employees are reportedly frustrated about increases in senior executive compensation when most directors got pay cuts. from The Business of Fashion https://ift.tt/3dC5aNj

Richemont Signals HR Shakeup Amid Bonus Controversy

Total compensation for the senior executive committee in the year through March increased 36 percent to 41.4 million Swiss francs ($43 million), despite reported base salary and cash bonus cuts for top management. from The Business of Fashion https://ift.tt/2A8G75S

Diamond Miners Stuck With Inventory Worth Billions

The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year. from The Business of Fashion https://ift.tt/3cJa2ii

Can Fashion Really Change?

UK Mall Landlord Intu Appoints Administrator Amid Debt Crisis

- June 06, 2020

The owner of Manchester’s Trafford Center is focused on reaching an agreement with financiers for a standstill on loan repayments. from The Business of Fashion https://ift.tt/3cHvXXf

Michael Jordan Donates $100 Million to Racial Equality Causes

Jordan has previously been criticized in the past for what was seen as his reluctance to advocate for social causes. from The Business of Fashion https://ift.tt/3dBinWA

Sycamore Partners in Talks to Buy J.C.Penney, Sources Say

J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions. from The Business of Fashion https://ift.tt/3h12iLS

LVMH Won't Renegotiate Tiffany Deal, Sources Say

LVMH Chief Executive Bernard Arnault was reportedly in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135-per-share. from The Business of Fashion https://ift.tt/3dDx7Ex

Luxury’s Inequality Problem

The anti-racism protests that have swept the United States are inextricably linked to socio-economic class and rising inequality. Are luxury brands listening? from The Business of Fashion https://ift.tt/2MzCSHe

UK Retail Sales Drop 18% in May

As lockdown hits, retail suffers the second-worst result on record after April’s 29.6 percent decline. from The Business of Fashion https://ift.tt/30csFsz

Beauty Brands Get a Wake-Up Call. Will They Listen?

Many brands have expanded their foundation shade ranges and added more black models to their marketing campaigns. But the uneven response to the George Floyd protests shows the industry has a long way to go. from The Business of Fashion https://ift.tt/3dzDpFe

Fashion Media Called Out Over Workplace Racism

Black employees are turning to social media to call out their employers for what they see as superficial support of the protest movement. from The Business of Fashion https://ift.tt/2XxpR7m

How to Work With Buyers Right Now

Brands and buyers are turning to digital platforms to sell upcoming collections. But success will require a blend of new and old-fashioned strategies. from The Business of Fashion https://ift.tt/3dEWC8o

Now’s the Time for Brand Founders to Speak Up. Here’s How.

Between the coronavirus pandemic and the reignited Black Lives Matter movement, it’s more important than ever for founders to humanise their brands and highlight their values. from The Business of Fashion https://ift.tt/2XVAL5O

Chinese E-tailer JD.com Files for Second Listing on Hong Kong Stock Exchange

China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week. from The Business of Fashion https://ift.tt/3dDqS3m

Estée Lauder Workers Demand Ronald Lauder Ouster Over Trump Support

More than 100 employees asked for the removal of the American businessman, concerned about his political donations and impact on race relations within the company. from The Business of Fashion https://ift.tt/2XZBLpG

What Charlotte Tilbury Can Do for Puig

The Spanish group acquired a majority stake in the buzzy British label, significantly boosting its presence in the beauty market. from The Business of Fashion https://ift.tt/2AILAk4

Gap's Quarterly Sales Down 43% on Coronavirus Hit

Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2. from The Business of Fashion https://ift.tt/2XzTjtm

As Lockdowns Ease, Luxury Sees Record Valuation

While the Savigny Luxury Index's valuation metrics reached unprecedented heights, growth prospects for 2020 remain subdued, indicating that investors are looking beyond the current crisis. from The Business of Fashion https://ift.tt/2BtO7Pb

Amazon Employee Sues After a Family Member’s Covid-19 Death

The lawsuit called Amazon’s fulfilment centre a 'place of danger.' from The Business of Fashion https://ift.tt/2Mvcyhu

Power Moves | LVMH Names Frédéric Arnault CEO of Tag Heuer, Tommy Hilfiger CEO Exits

This week, the luxury group promoted another member of the Arnault family into an executive role, while PVH veteran Daniel Grieder departed after 23 years. from The Business of Fashion https://ift.tt/2XZe7d4

Charlotte Tilbury Sells Majority Stake to Puig

Tilbury, who founded the brand in 2013, will continue on as chairman, president and chief creative officer of the brand. from The Business of Fashion https://ift.tt/3cE2xJK

#BoFLIVE: Tim's Take With Hairstylist Guido Palau

As one of the most prominent hair stylists within the fashion industry, Guido Palau launched his career working on ‘90s music video Freedom, and boasts a portfolio that includes Prada, Versace and Marc Jacobs. What has life been like under lockdown? from The Business of Fashion https://ift.tt/2ADCpBn

#BoFLIVE: The Future of Media With Graydon Carter

#BoFLIVE: Tim's Take With Anna Sui

'America's most underrated designer' has had a 25-year career in fashion, illuminating her work with charm and humour. She speaks to Tim Blanks about the state of the industry and shares what fuels her creativity and inspiration. from The Business of Fashion https://ift.tt/3cySm9d

#BoFLIVE: The Future of the Resale Market

Resale sites are coming out big winners as the pandemic plunges the economy into a deep recession. They will have their pick of inventory, as brands look to shift clothes that went unsold during lockdowns. But will it last? from The Business of Fashion https://ift.tt/2z2rZL7

How Brandy Melville Became a Badge of Honour in China

By thumbing its nose at almost every market entry convention, the teen brand has quickly gained cult status among local ‘BM Girls.’ Though its current level of buzz may be hard to sustain, the brand’s experience in China reveals a lot about the rapidly changing market. from The Business of Fashion https://ift.tt/2Br50dm

Adidas Sees Rebound in China Quicker Than Expected

The German sportswear brand now expects second-quarter sales for the greater China region to be around the same level as last year. from The Business of Fashion https://ift.tt/2U9xSgJ

LVMH Says It Is Not Considering Buying Tiffany Shares on the Market

Buying the shares on the market would be one way of buying the jeweller at a lower price than the $16.2 billion agreed in last year's acquisition deal. from The Business of Fashion https://ift.tt/2XXyY0m

Post-Pandemic, the Fashion Industry Will Rely on Freelancers More Than Ever

As lockdowns lift, brands are likely to hire temporary employees that require less investment. What does that mean for freelancers’ labour rights? from The Business of Fashion https://ift.tt/36WwYJE

Report: LVMH's Bernard Arnault Seeks Better Tiffany Deal

The $16.2 billion acquisition has yet to close, and sources said the luxury giant is looking to lower the purchase price. from The Business of Fashion https://ift.tt/3h0pz0K

Voices From the Black Fashion Community on Moving Forward

Venture capitalists, designers, journalists and influencers reflect on how the fashion industry can demonstrate true allyship — in business, in person and on social media. from The Business of Fashion https://ift.tt/2yYKcJl

Coty to Collaborate With Kim Kardashian for Cosmetics Line

The cosmetics company announced it's in talks with the reality TV star to produce a beauty line after buying a majority stake in Kylie Cosmetics last year. from The Business of Fashion https://ift.tt/3dGHqHG

Canada Goose Expects Little Revenue in Current Quarter

Sales fell nearly 10 percent to C$140.9 million in the fourth quarter ended March 29. from The Business of Fashion https://ift.tt/30569By

The Future of 'Made in Italy'

The pandemic could permanently change how the country's fashion industry operates, for better or for worse. from The Business of Fashion https://ift.tt/36VDwIq

Op-Ed | Fashion Is Part of the Race Problem

Racism is firmly entrenched in the fashion industry, argue Jason Campbell and Henrietta Gallina. from The Business of Fashion https://ift.tt/36VSGNX

Voices From the Black Fashion Community on Moving Forward

Bubble Tea Plus Beauty Equals Guaranteed Buzz

Luxury beauty brands would probably scoff at the idea of launching co-branded products with a coffee chain. So why are Fenty Beauty, Clarins and Clinique all clamouring to collaborate with Chinese tea chain Heytea? from The Business of Fashion https://ift.tt/3dszkCt

Tiffany Shares Plunge After LVMH Deal Is Questioned