Fashion World News

The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly. from The Business of Fashion https://ift.tt/3jXtP2u

Under Armour Beats Quarterly Estimates

The sportswear company's net revenue fell about 41 percent to $707.6 million in the second quarter, but beat forecasts of $558.5 million. from The Business of Fashion https://ift.tt/3hS4QM8

The Next Beauty Destination? The Grocery Aisle

With no end in sight to the pandemic, beauty labels may need to rethink their distribution strategies. Grocery stores may be the next frontier. from The Business of Fashion https://ift.tt/33bHfBT

Amid Pandemic, Luxury Leaders Seize Digital Opportunity to Gain on Rivals

The worst quarter in the history of the modern luxury business was also its best ever for digital sales. from The Business of Fashion https://ift.tt/314v7Qz

With Brand at Crossroads, Burberry's CEO Bets Big on China's Young Money

Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company plans to reinvigorate topline growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off. from The Business of Fashion https://ift.tt/3fczUV3

US Economy Shrinks at Record Pace in Second Quarter

While employment, spending and production have improved since reopenings picked up in May and massive federal stimulus reached Americans, a recent surge in infections has tempered the recovery. from The Business of Fashion https://ift.tt/3ggydqW

L'Oreal Sales Fell More than Expected in Second Quarter

The group posted a net profit of 2.14 billion euros for the January to June period, down from 2.47 billion euros a year earlier. from The Business of Fashion https://ift.tt/33ch1zq

#BoFLIVE: The Future of the Independent Fashion Store

Local luxury retailers are poised to succeed post-pandemic. Two industry veterans share their strategies. from The Business of Fashion https://ift.tt/3gfx6rI

Power Moves | Nike Names New Diversity Chief

This week, Felicia Mayo, former head of diversity at Tesla, replaced Kellie Leonard in a similar role at the American sportswear giant. from The Business of Fashion https://ift.tt/3jWWJQk

Tim Blanks’ Top Fashion Shows of All-Time: Alexander McQueen Spring/Summer 1998

Under a golden rain, the miraculous finale to McQueen’s Spring 1998 presentation was perhaps the most dramatic single moment of Tim Blanks’ 35 years of show-going. from The Business of Fashion https://ift.tt/3394Pzl

At Polimoda, How Students Uncover ‘The Truth About Fashion’

The findings of a new research project conducted by Polimoda’s Gen-Z and Millennial students highlights the ‘gap between how the [fashion] system defines itself and how the younger generations perceive it.’ from The Business of Fashion https://ift.tt/3jSnx41

The BoF Podcast: LOVE Magazine’s Editors on the Fashion Magazine’s New Role in Culture

Ben Cobb and Pierre A. M’Pelé discuss the creative process behind LOVE’s latest two-volume issue and how they responded to the unprecedented events of the last six months. from The Business of Fashion https://ift.tt/2EAhj8V

Catching the Next Wave of Beauty M&A Targets

If international conglomerates want a piece of China’s domestic beauty brand pie they better move fast. Local rivals are primed for an acquisition spree. from The Business of Fashion https://ift.tt/3gdekBl

Hermès Quarterly Sales Hit by Pandemic Lockdowns

The maker of the iconic Birkin bag saw its sales plunge 42 percent in the three months through June. from The Business of Fashion https://ift.tt/3fdsfpA

What Luxury’s Worst Quarter Ever Reveals About the New Normal

Bleak financial results at LVMH, Kering and others came as little surprise. But managers offered fresh clues on how the crisis will reshape the luxury market going forward — and signalled a few unexpected bright spots. from The Business of Fashion https://ift.tt/3hPNrUc

Fashion Companies in New York Want to Return to the Office — Employees Aren't So Happy About It

Zoom can't accommodate fittings and fabric evaluations, but navigating the return to office life is proving difficult. from The Business of Fashion https://ift.tt/2D48Ydd

How to Plug Into India’s Dynamic E-Commerce Market

During lockdown Indian e-commerce platforms attracted a bonanza of international investment from the likes of Facebook and a fund backed by LVMH. What can fashion brands do now to tap into this complicated but colossal $43 billion opportunity? from The Business of Fashion https://ift.tt/33eZEO6

Next Second Quarter Sales Dropped 28%

The British retailer said the decline was better than expected and has forecast full-year profit of around $252 million. from The Business of Fashion https://ift.tt/39EPXtu

Puma Uncertain About the Second Half of 2020 After Quarterly Sales Slump

The German sportswear brand saw its sales drop 30.7 percent to $975.34 million in the second quarter. from The Business of Fashion https://ift.tt/2P6ORxq

Where People Are Actually Shopping

Retail sales recovered in June but analysts say the uptick will be short-lived. How can stores woo customers back? from The Business of Fashion https://ift.tt/3geg2SQ

At DuPont Sorona, Championing a Circular Economy Through Fibre

The eco-efficient performance fibre is used by The North Face, Helly Hansen and Stella McCartney and offers brands a sustainable alternative to traditionally non-recyclable materials. from The Business of Fashion https://ift.tt/3f9sQZh

Japan’s ‘Everything App’ Is a Big Opportunity for Fashion Brands

Line is inextricably woven into the lives of Japanese consumers but fashion brands have not yet fully leveraged the app. Here’s how to use it to get more out of Japan’s $79 billion fashion market. from The Business of Fashion https://ift.tt/2X8301A

Nike to Wind Down Operations at Arizona Factory

Citing the impact from coronavirus, the move marks an abrupt turnabout for a project meant to become a state-of-the-art plant for its Nike Air shoe line. from The Business of Fashion https://ift.tt/3jOFujZ

Ferragamo Second Quarter Revenue Misses Analysts Expectations

The Italian luxury group saw its sales decline 60 percent in the second quarter. from The Business of Fashion https://ift.tt/2X4BAdg

Kering Sales Down 43.7% in the Second Quarter

The luxury conglomerate added it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia. from The Business of Fashion https://ift.tt/2P56opy

The BoF Podcast: Fabien Baron Says, 'The Way We Communicate Is Going to Change'

The celebrated art director Fabien Baron talks to BoF Editor-at-Large Tim Blanks about the future of image-making. from The Business of Fashion https://ift.tt/306Igt5

Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter

Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce. from The Business of Fashion https://ift.tt/3jOQWw8

How to Survive the Future of Retail

Covid-19 is a once-in-a-century event that will eradicate many retail species and accelerate the growth and evolution of 'apex predators' like Amazon, Alibaba, Walmart and JD.com. Only the fittest will survive. from The Business of Fashion https://ift.tt/2DbYTum

LVMH Revenue Down 38% in the Second Quarter

The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations. from The Business of Fashion https://ift.tt/3g5pqbb

#BoFLIVE: What Will Beauty Retail Look Like Post-Covid-19?

The allure of shopping for beauty products in store was the experience. How is the industry pivoting during this new normal? from The Business of Fashion https://ift.tt/330srpx

Moncler Announces Plans to Internalise Its E-Commerce Channel

The Italian luxury brand, which previously managed its e-commerce business in partnership Yoox Net-a-Porter, said it will launch a fully integrated online platform in 2021. from The Business of Fashion https://ift.tt/2WY9hNe

Under Armour Faces Potential Investigation by the US Securities Exchange Commission

The sportswear brand said the notice is in connection to a federal probe about whether it shifted sales from quarter to quarter to meet objectives. from The Business of Fashion https://ift.tt/30TxOEi

Europe's Retail Sector Struggles as Shoppers Stay Close to Home

Consumers are heading out to shops in residential areas, with 46 percent aiming to shop more locally in the long term than they did before the pandemic. from The Business of Fashion https://ift.tt/3faJE2k

Announcing Amazon Fashion, Tiger of Sweden and EIDM

Check out this week’s new partners and available jobs on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/30RFuXW

Careers Counsel | 4 Strategies to Improve Mental Health in the Workplace

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/3f7nXzU

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Cartier, Kate Spade and Vestiaire Collective. from The Business of Fashion https://ift.tt/2CJeUZ7

How Impactful Were the Digital Fashion Week Shows, Really?

- July 26, 2020

Despite efforts made to adapt real-life runway shows and collection presentations for the Men’s, Resort and Couture 2020-2021 season, many failed to have the same impact on brands’ marketing reach. from The Business of Fashion https://ift.tt/3f7iTLP

The Truth About the Fashion World, Exposed

- July 26, 2020

Colin McDowell journeys through the most famous ‘tell-all’ exposés of the intrigue, back biting and madness behind the glamorous veneer of the fashion world. from The Business of Fashion https://ift.tt/3jKjzKX

Everything You Need to Know About Luxury Brands' Financial Results

- July 26, 2020

This week, everyone will be talking about first-half results from LVMH, Kering, Prada, Moncler and other luxury brands, plus the launch of Fenty Beauty's skin-care line. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3g55VQ4

O: The Oprah Magazine to Cease Regular Print Publication

The joint venture between Oprah Winfrey’s Harpo Inc. and Hearst Magazines marked its 20 year anniversary in April and is known for covers featuring the media mogul and its annual Oprah's Favorite Things gift guide. from The Business of Fashion https://ift.tt/3hx0QjZ

Neiman Marcus to Close Its Store at Manhattan’s Hudson Yards

Its planned exit comes just over a year after the mall at the mega-project opened to much fanfare in March 2019. from The Business of Fashion https://ift.tt/30N9DaP

In Public Relations, Brands and Executives Can No Longer 'Control the Narrative'

Companies aiming to maintain a tight hold on brand perception must reckon with the fact that those who feel they’ve been wronged are now empowered. Instead of covering up, brands must actually do better. from The Business of Fashion https://ift.tt/2WTfeLp

Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner

Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years. from The Business of Fashion https://ift.tt/2CA0vhN

Why Clarisonic Failed

The recently discontinued L’Oreal-owned cleansing brush didn’t iterate and innovate, providing a valuable lesson for trendy device brands. from The Business of Fashion https://ift.tt/3hxRX9Y

UK Retail Spending Rebounds to Near Pre-Lockdown Levels

A 70 percent surge in clothing and footwear sales reversed much of their slump in recent months, though the sector remains one of the worst hit. from The Business of Fashion https://ift.tt/3jLDjhg

Tim Blanks’ Top Fashion Shows of All-Time: John Galliano, Ready-to-Wear Autumn/Winter 1994

Virtually penniless, a string of fashion fairy godmothers granted Galliano an opportunity to spin his magic once more. What the audience saw was a mere 18 looks: still one of the most convincing arguments for “less is more” that BoF's editor at large has encountered in his more than three decades in fashion. from The Business of Fashion https://ift.tt/3g9bz41

Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group

The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores. from The Business of Fashion https://ift.tt/2ZUYjdq

Troy Young Exits Hearst: What Happens Now?

The yet-to-be-named replacement for Young, who was the subject of a recent New York Times exposé documenting alleged lewd comments and other inappropriate behaviour, will be left to reckon with advertising-based publishing’s challenged business model. from The Business of Fashion https://ift.tt/3fVHMeT

Hearst Magazines President Troy Young Resigns Amid Misconduct Allegations

A replacement for Young, who was the subject of a recent New York Times exposé documenting alleged lewd comments and other inappropriate behaviour, has yet to be named. from The Business of Fashion https://ift.tt/3g7jluQ

LA’s Fred Segal Bets on Luxury Recovery Abroad With New Shops

The West Hollywood boutique will open a flagship in Seoul as part of a plan to add as many as 15 new locations in the world’s major urban centres. from The Business of Fashion https://ift.tt/3fYeCf5

Combative TikTok Founder Races to Save App Before Trump Ban

Any deal would face enormous risks because time is running short. from The Business of Fashion https://ift.tt/2X6tqkD

Power Moves | Maison Margiela Appoints New CEO, Hermès Creative Director of the Women's Product Universe Steps Down

This week Gianfranco Gianangeli was named chief executive of Maison Margiela, while Hermès veteran Bali Barret announced her departure after 17 years at the company. from The Business of Fashion https://ift.tt/2EgzKzr

The BoF Podcast: Imran Amed and Tim Blanks on Where Fashion Goes From Here

This week on Inside Fashion, the BoF tag team discuss the state of an industry in flux, digital pivots and the future of fashion shows. from The Business of Fashion https://ift.tt/2CVaii5

#BoFLIVE: What's a Fashion Magazine for During a Pandemic?

Ben Cobb, Co-Editor-in-Chief of LOVE Magazine, and Senior Editor Pierre A. M’Pelé, recount the conception and creation of the magazine’s newest, two volume issue — 'This is not a Fashion Magazine' — chronicling these seismic times. from The Business of Fashion https://ift.tt/3eTUN7p

Ann Taylor Owner Files for Bankruptcy

Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders. from The Business of Fashion https://ift.tt/2ZUoktn

Is Forced Uighur Labour In Your Supply Chain?

Fashion brands need to urgently clean up their supply chains as the US and Europe move to legislate against the alleged use of forced Uighur labour in China. Yet some players are still burying their heads in the sand. from The Business of Fashion https://ift.tt/2ZT2WEX

#BoFLIVE: Tim's Take with Michael Kors

The American designer joins Tim Blanks in a conversation about his upcoming Spring/Summer 2021 show in September, and shares more insights into the brand’s move away from the fashion calendar to two collections per year. from The Business of Fashion https://ift.tt/2WP0P2R

#BoFLIVE: How to Communicate in a Crisis

BoF's Lauren Sherman speaks with Jesse Derris and 822 Group's Mory Fontanez about how brands should manage their external communications during this volatile time. from The Business of Fashion https://ift.tt/39iDOum

Fashion Says It Can Police Its Supply Chain. So Why Are There So Many Scandals?

A cluster of high-profile scandals over working conditions have revealed the extent to which fashion’s efforts to improve standards in its supply chain are failing. Here’s how things need to change. from The Business of Fashion https://ift.tt/32RMkiR

How Shopify Conquered Fashion

The Canadian e-commerce platform is emerging as one of the pandemic's big winners. How will the company that made it possible for any brand to set up an online store use its newfound clout? from The Business of Fashion https://ift.tt/2ZRrX39

Nike Job Cuts Will Cost Up to $250 Million

The layoffs will be part of the retailer's pivot toward e-commerce. from The Business of Fashion https://ift.tt/32KGZd2

Report: DTC Wellness Brand Hims Seeks Deal to Go Public

The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion. from The Business of Fashion https://ift.tt/2CtBC7q

The BoF Podcast: Stephen Jones Says the Constant Quest for Perfection Often Kills Spontaneity

Celebrated milliner Stephen Jones talks to BoF Editor-at-Large Tim Blanks about how the pandemic has signalled an opportunity to reshape the fashion industry. from The Business of Fashion https://ift.tt/3jqBRkh

Armani and Yoox Net-a-Porter Sign Omnichannel Deal

The partnership will offer Armani customers access to all products on online and offline channels by 2022. from The Business of Fashion https://ift.tt/3jsyNnF

Who’s Next: A Solutions-Driven Trade Show Rooted in Innovation

To equip exhibitors with technologically innovative and sustainable solutions, the French tradeshow is aligning its B2B offering to reflect the industry’s pivots under lockdown — while planning to safely open its doors to the end consumer. from The Business of Fashion https://ift.tt/32IVmi3

Is Dior Catching up With Chanel?

Today, as Dior stages a destination runway show in Italy, a new report shows the LVMH-owned brand's finances inching closer to those of its oldest rival, fashion-and-beauty juggernaut Chanel. from The Business of Fashion https://ift.tt/2WGXH9q

Valentino Delivered the Digital Experience the Industry Has Been Waiting For

Designer Pierpaolo Piccioli says digital can be a new communication tool in fashion as long as the human remains at the centre. from The Business of Fashion https://ift.tt/32HljOJ

Can Anything Shake Consumers’ Addiction to Fast Fashion?

Low-cost, high-volume fashion has come under fire for its environmental impact and unethical manufacturing practices. And yet, its cheap-chic combination remains compelling to both shoppers and investors. from The Business of Fashion https://ift.tt/32Jz0ge

Ann Taylor Parent Seeks New Loan, Board as It Nears Bankruptcy

Ascena is reportedly preparing to file for bankruptcy and shutter at least 1,200 of its 3,000 stores. from The Business of Fashion https://ift.tt/3ht5lfd

‘Stay Calm’: Walmart Trains Staff How to Deal With the Maskless

Although top health experts recommend wearing masks in public to prevent the spread of the virus, the issue of whether to wear one has swelled into a culture war. from The Business of Fashion https://ift.tt/3jvCEA6

Tapestry CEO Jide Zeitlin Resigns Amid ProPublica Investigation

The executive, who has served on the company's board for 14 years and was named its chief executive in 2019, is leaving as misconduct allegations surface. from The Business of Fashion https://ift.tt/2WGpoiE

Walmart to Spend Another $428 Million on Employee Bonuses

The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year. from The Business of Fashion https://ift.tt/32MzItj

Tapestry CEO Jide Zeitlin Resigns

Zeitlin, who became company chairman in 2014 and succeeded Victor Luis as CEO in September, is the latest in a series of top-level executives to depart over the last year. from The Business of Fashion https://ift.tt/3hgaWWe

Ted Baker Reports Better Than Expected Sales Performance

The struggling British retailer saw its shares rise 16 percent and online sales jump 35 percent in the 11 weeks to July 18. from The Business of Fashion https://ift.tt/30sqS0S

Fashion Jobs That Are in Demand Now

From CGI artists to virtual showroom designers, BoF spotlights six careers that are going to remain popular far beyond the pandemic. from The Business of Fashion https://ift.tt/2WH2CHb

Can Diesel Be Cool Again?

With a new CEO and strategic plan, the original ‘designer denim’ label is serious about making a comeback. But can it modernise its approach while staying true to its history? from The Business of Fashion https://ift.tt/3jp1m5n

What to Do After the Founder Leaves

Brands must make the right moves to ensure that when their founders leave, the magic doesn't go with them. from The Business of Fashion https://ift.tt/2OKFEux

Manhattan’s Retail Pain Worsens With Fifth Avenue Rent Slide

Lower Fifth Avenue reported a 30 percent drop in retail asking rents from a year earlier. from The Business of Fashion https://ift.tt/39cFh5r

Growth in UK Shopper Numbers Stalls After Post-Lockdown Rush

Shopper numbers across all retail destinations increased by 4.5 percent in the week to July 18, down from 10.6 percent in the week to July 11. from The Business of Fashion https://ift.tt/2ZKAR2z

Careers Counsel | Should You Retrain if You Lose Your Job?

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/2OM6t1b

Kering and Bottega Veneta Join BoF Careers

Check out this week’s new partners and available jobs on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/3joKM5q

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Zalando, Roksanda and Tory Burch. from The Business of Fashion https://ift.tt/2BfxZ4h

What Luxury Can Do About the Tourism Crisis

The luxury business will feel the permanent effects of this unprecedented break in travel. In order to capture lost sales, the industry will need to evolve by rethinking marketing and distribution, from brick-and-mortar flagship stores to e-commerce experiences. from The Business of Fashion https://ift.tt/3fICDqw

Zegna’s Alessandro Sartori Is Reconceptualising the Suit

After staging one of Milan Fashion Week’s most convincing ‘phygital’ shows, the designer discusses the hybridisation of the sartorial and the casual with Tim Blanks. from The Business of Fashion https://ift.tt/3fL70MP

Caught in the Crosshairs of China’s Livestreaming Crackdown

Tight new restrictions could mean trouble — and relief — for brands who have made livestreaming a key part of their sales strategy. But the Chinese government isn’t the only thing worrying brands about the booming channel. from The Business of Fashion https://ift.tt/2ZGW7pU

Op-Ed | The DTC Reckoning Is Real. What Next?

For founders of undercapitalised, unprofitable DTC brands, partnering with a strategic player earlier than anticipated is a success, not a failing, argues Matt Kaden. from The Business of Fashion https://ift.tt/3jlRFEM

Report: Ted Baker to Cut a Quarter of UK Staff

The retailer plans to axe at least 500 jobs, including 200 from its London head office, according to the Sunday Times. from The Business of Fashion https://ift.tt/30xc69k

Coronavirus Lockdowns Return in the US

This week, everyone will be talking about Valentino's couture show and the worsening coronavirus pandemic in the US. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2BcgzFy

Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice

- July 18, 2020

The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations. from The Business of Fashion https://ift.tt/3jj8dNN

Alessandro Michele on Fashion’s Big Opportunity

On the eve of his 12-hour livestream experiment, the Gucci designer talked with Tim Blanks about the industry’s transformation from an empire of elitism into an often-wild reflection of reality. from The Business of Fashion https://ift.tt/2DTHRlc

Searching For a New Narrative at Milan Fashion Week

The lockdowns may have hit Milan hard, but in some quarters, it enabled the creativity to flow. from The Business of Fashion https://ift.tt/2DUbQte

Shoppers Used to Have Nearly Endless Options, Then Came Covid-19

Retailers are ordering less merchandise and cutting slower selling products from their stores to avoid a build-up of inventory. from The Business of Fashion https://ift.tt/2Clm9Gg

What Happened to Rethinking the Fashion System?

For brands big and small, there is real value in rethinking the industry’s traditional system of showing, delivering and discounting collections to better match today’s globalised, digital world. But meaningful change may take 12 to 24 months. from The Business of Fashion https://ift.tt/2WqSBxA

Can Patrick Starrr Build the Next Fenty Beauty?

The influencer, known for his over-the-top makeup transformations, will debut his inclusivity-driven line, One/Size, which goes on sale at Sephora today. from The Business of Fashion https://ift.tt/2CI188u

Leveraging Holistic E-Commerce Marketing Strategies at SkyDiamond Elite

Managing an accumulative $1.5 billion in digital marketing revenue, founder and CEO Habib Bakshi shares how the e-commerce marketing firm creates data-driven strategies for the fast-evolving retail landscape. from The Business of Fashion https://ift.tt/2WtFA6D

Tim Blanks’ Top Fashion Shows of All-Time: Versace, Haute Couture Autumn/Winter 1997

On July 6, 1997, Gianni Versace showed his new Haute Couture collection at the Ritz in Paris. Nine days later, he was shot dead. The tragic irony was that, even without the events of a week later, Versace’s show felt significant, like we were seeing a bold new direction in the career of a designer who had already reshaped fashion in the 90s. from The Business of Fashion https://ift.tt/2Cn0UUm

The BoF Podcast: Neiman Marcus Chief Executive Sees Stores As Vital for Digital Growth

In an exclusive conversation with BoF’s Imran Amed, Geoffroy van Raemdonck expresses optimism for the retailer’s bankruptcy process and explains why brick-and-mortar remains integral to its core business. from The Business of Fashion https://ift.tt/3eAVFgX

Power Moves | 032c Appoints New Sales Director, Giambattista Valli Taps CEO From Louis Vuitton

This week, BoF learned Alyx Co-Founder Jennifer Murray was appointed sales director of ready to wear at 032c, while Charlotte Werner was named chief executive of Giambattista Valli. from The Business of Fashion https://ift.tt/32nU5N3

Zalando Gets Chance to Prove Itself Against Amazon

Europe’s largest e-tailer estimates earnings could reach a record €300 million this year due to a lockdown-induced surge in online shopping. from The Business of Fashion https://ift.tt/395TwZM

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

BoF unpacks what the store of the future will look like in a post-pandemic climate and whether retailers can bounce back from the tremendous financial losses caused by the virus outbreak. from The Business of Fashion https://ift.tt/30kXWaW

China’s Latest Marketing Buzzword Actually Matters. Here’s How to Use It.

Private traffic channels have boosted sales for homegrown brands, but many international players have yet to take the plunge. Here’s what they can learn from the locals. from The Business of Fashion https://ift.tt/2ZyReiH

#BoFLIVE: How Lululemon Built Athleisure’s Leading Brand

How did Lululemon come to dominate the age of athleisure, prosper through the early days of the pandemic and solidify its position as one of the world's most powerful apparel brands? from The Business of Fashion https://ift.tt/32oWTcE

#BoFLIVE: Tackling Systemic Racism in Fashion

Black fashion leaders discuss the biggest roadblocks to dismantling racism within the industry, as well as potential solutions. from The Business of Fashion https://ift.tt/3h4sc0v

#BoFLIVE: Imran Amed and Tim Blanks on Where Fashion Goes From Here

BoF Editor-at-Large Tim Blanks joins Imran Amed in a conversation about the state of the fashion industry, from the impact of Covid-19 to the success of digital fashion week. from The Business of Fashion https://ift.tt/32pjmqk

Richemont First-Quarter Sales Slump as Covid-19 Hits Jewellery Demand

The Cartier-owner's sales fell 47 percent to €1.99 billion ($2.27 billion), a similar decline posted by rival Swatch Group earlier this week. from The Business of Fashion https://ift.tt/2Zwq3EU

Loewe's Brand Within a Brand: Is This the New Way to Do Diffusion?

LVMH-backed Loewe has acquired the colourful island label Paula’s with an eye to growing its vacation-wear business. It’s a more budget-friendly way to buy into designer Jonathan Anderson’s globetrotting bohemian vision. from The Business of Fashion https://ift.tt/2OqWJJK

Burberry Sales Rebounded in June. Why Did Its Shares Plunge?

While the pandemic is hurting all luxury brands, investors see specific challenges at Burberry. from The Business of Fashion https://ift.tt/3j5sciF

Is Sunnei the Future of Milan Fashion?

After building their brand outside of the traditional fashion system, the industry has great expectations for Simone Rizzo and Loris Messina. from The Business of Fashion https://ift.tt/3h2KMpR

E-Commerce Stocks Face Lofty Hopes After Pandemic-Fuelled Demand

The surge in demand, and share price, may not live up to sales growth predictions. from The Business of Fashion https://ift.tt/2OuWRYA

J.C. Penney to Cut 1,000 Jobs and Close 152 Stores

The layoffs will also impact corporate-level employees as the company looks to emerge from Chapter 11 protection. from The Business of Fashion https://ift.tt/397mdpa

Retailers Struggle Despite a Surge in Online Sales

From Macy's to Target, many businesses in the US are grappling with higher expenses related to e-commerce. from The Business of Fashion https://ift.tt/3j8drvJ

How to Communicate and Connect with Gen-Z Consumers

From community dialogues to prioritising purpose, Afterpay’s Nick Molnar and Manu Atelier Co-Founder Merve Manastir share their insights into the key metrics and measures to build a relationship with the Gen-Z consumer. from The Business of Fashion https://ift.tt/2CAsjSD

Ferragamo Raises Prices by up to 7% to Weather Pandemic

In the first three months of 2020, Ferragamo's sales fell by nearly a third. from The Business of Fashion https://ift.tt/3j8hc3Z

Asos Sees Sales Rise 10% in Lockdown Period

The ultra fast fashion retailer's sales were £1.01 billion, up from £919.8 million in the same period last year. from The Business of Fashion https://ift.tt/2ZtKwdr

What Happens When Shoppers Refuse to Wear Masks?

Fashion brands are getting dragged into a war with shoppers over wearing masks and other Covid-19 shopping precautions. Here's how they should respond. from The Business of Fashion https://ift.tt/3j73gHu

The Vampire’s Wife Plots Expansion Plan With a Surprising Investor

Jimmy Iovine and his wife, model and actress Liberty Ross, have taken a majority stake in designer Susie Cave's flourishing dress line. Can one of the music industry’s most legendary talent scouts help build a successful fashion business? from The Business of Fashion https://ift.tt/32kw5KU

Miuccia Prada on Her Final Collection Before Raf Simons Officially Enters the Fold

The designer discusses creating, collaborating — and what it means to have ‘fun’ — in quarantine. BoF’s Tim Blanks draws his own conclusions. from The Business of Fashion https://ift.tt/3ev22SQ

Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory

The Italian luxury group expects a recovery in the second half of the year and will donate excess inventory. from The Business of Fashion https://ift.tt/30cQezE

Burberry To Cut Jobs at Headquarters

The move is a part of a reorganisation strategy as the company struggles to offset the economic fallout from the Covid-19 pandemic. from The Business of Fashion https://ift.tt/2AZIU1V

The BoF Podcast: Amber Valletta Says, ‘I Don’t Want to Work in an Industry That Is the Same as Before’

The supermodel, actress and environmental activist talks to BoF Editor-at-Large Tim Blanks about why the fashion industry cannot return to ‘business as normal.’ from The Business of Fashion https://ift.tt/304ZpSK

Amazon Tests Primary Healthcare Programme for Employees

Under the programme, 20 medical centres would be built across five cities near the e-commerce giant's fulfillment centres. from The Business of Fashion https://ift.tt/2CcUp6H

Swatch Group Posts Its First Half-Year Loss

The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent. from The Business of Fashion https://ift.tt/2OoYoja

How and When Brands Should Say 'I’m Sorry’

As cancel culture evolves, the overused brand apology popular on Instagram and other social media must in turn become more thoughtful through language and action. from The Business of Fashion https://ift.tt/38Sfmj2

Is Fashion Going Back to Normal?

The labels taking part in the Paris men’s showcase largely stuck to their aesthetic codes, presenting pragmatic and reassuring collections that felt like seeing an old friend, with some intriguing format twists, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/38S1Rju

Why Dior’s Kim Jones Collaborated with Artist Amoako Boafo

The designer talks to Tim Blanks about his father’s love of Ghana and his Spring 2021 collection for Dior Men, developed with Ghanaian painter Amoako Boafo. from The Business of Fashion https://ift.tt/2WiDCps

Alibaba's Jack Ma Sells Shares Worth $8.2 Billion

Ma has cut his stake in the company over the past year to 4.8 percent from 6.2 percent. from The Business of Fashion https://ift.tt/3gTaKvT

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Ralph Lauren, Cartier and Mytheresa. from The Business of Fashion https://ift.tt/2CuQvps

Careers Counsel | How to Ensure Your Culture Keeps Growing as Your Company Does

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/2AUDh55

Announcing Puig UK and Finesse

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/32czqeP

How Big Can the Mask Market Really Get?

With a multi-billion dollar market prediction, the category may not be a fleeting trend for brands. from The Business of Fashion https://ift.tt/391yhIB

Loewe's Extraordinary Time Capsule

Jonathan Anderson delivered the ambiguous, bohemian and artisanal. from The Business of Fashion https://ift.tt/2Wbsf2C

The Off-Price War Heats Up

From stalwarts like T.J. Maxx and Nordstrom Rack to venture-backed newcomers and online luxury resellers, a multitude of discount retailers are all vying for a piece of the growing off-price market, which will thrive amid the lingering global recession. from The Business of Fashion https://ift.tt/306VPYn

Primark Rejects £30 Million Bonus for Bringing Back Staff

The fast fashion retailer said it would not take advantage of a British government scheme despite losing £650 million in net sales a month since stores were forced to shutter. from The Business of Fashion https://ift.tt/3iROvZ8

Where Does Burberry Go From Here?

This week, everyone will be talking about Burberry's first financial results since the lockdowns and the first major live fashion show in months. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2ZiLIjT

US Targets French Luxury, Beauty Giants in Tariff Retaliation

A list of imports from France worth $1.3 billion could be subject to an additional 25 percent tariff. from The Business of Fashion https://ift.tt/38VOX48

Ted Baker Faces Investor Revolt Over Executive Pay

An advisory firm said the company’s decision to increase executive salaries and bonuses is not justified. from The Business of Fashion https://ift.tt/2ZnKqnX

US Targets French Luxury in Tariff Retaliation

- July 11, 2020

The move comes after President Emmanuel Macron’s government said it would tax the Silicon Valley tech giants. from The Business of Fashion https://ift.tt/2W7Wd7S

Hellfire and Humility: How the Pandemic Changed Rick Owens

- July 11, 2020

‘I love a bombastic show, but do I really want to be that guy forever?’ Rick Owens talks to Tim Blanks about Men’s Spring/Summer 2021, recontextualizing the past, the subtlety of craft and distilling runway excess for the everyday. from The Business of Fashion https://ift.tt/3iRhwEn

Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate

- July 11, 2020

The new $80 million loan will eliminate an early repayment penalty and give the company more time to close any sale arranged as part of the bankruptcy case. from The Business of Fashion https://ift.tt/3gPCH84

Investor Drops Boohoo Shares Over Garment Worker Allegations

Standard Life Aberdeen, previously one of Boohoo's biggest investors, said the fast fashion group's response to reports of factory worker abuse was 'inadequate in scope, timeliness and gravity.' from The Business of Fashion https://ift.tt/2AQs8lM

Why Fashion ‘Slavery’ Is Making Headlines

Fashion’s mistreatment of garment workers is widespread, but this week, allegations of ‘modern slavery’ at suppliers of British ultra-fast fashion label Boohoo have ignited a firestorm. Why now? from The Business of Fashion https://ift.tt/2ZhXJWE

Why Black Beauty Supply Stores Usually Don't Have Black Owners

For generations, Black entrepreneurs have struggled to gain a foothold in the multi-billion-dollar business of selling hair and cosmetics products to Black women. But some see an opportunity for change. from The Business of Fashion https://ift.tt/3fclq8u

Muji USA Files for Chapter 11 Bankruptcy

Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years. from The Business of Fashion https://ift.tt/3iS3wtR

Armani Returned to Sales Growth in 2019

While the results put the Italian group a year ahead of target amid a three-year streamlining turnaround, the company said it could not yet accurately estimate the full effects of Covid-19 on the business. from The Business of Fashion https://ift.tt/2ZUwUal

How the Wholesale Crisis Could Benefit Independent Fashion Brands

Post-pandemic, a further shift away from wholesale by bigger labels could benefit emerging brands. But there will be a sting in the tail for some. from The Business of Fashion https://ift.tt/3gHdFI3

Power Moves | GQ France Appoints New Editor in Chief, Burberry Hires Ready-To-Wear Lead From Dior

This week, former Vogue Paris Deputy Editor Olivier Lalanne joins GQ France, while Adrian Ward-Rees returned to the British label. from The Business of Fashion https://ift.tt/2BXhsST

The BoF Podcast: Farfetch’s José Neves Says Profitability Is Still Possible in 2021

The luxury marketplace’s founder and chief executive talks to BoF’s Imran Amed about Covid-19 setbacks, pivots and what’s next. from The Business of Fashion https://ift.tt/3fhsJf9

Tim Blanks’ Top Fashion Shows of All-Time: Dries Van Noten, Spring/Summer 2005

The Belgian designer’s golden anniversary outing underscored the ineffable balance of emotion, intelligence and extravagance that distinguishes his shows. from The Business of Fashion https://ift.tt/31WWHRX

John Lewis Set to Close Eight Stores and Cut 1,300 Jobs

The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next. from The Business of Fashion https://ift.tt/3ecGnPw

Luxury Brands Found a Solution for Their Inventory Glut. But Will It Backfire?

Outlets and off-price retailers in China are seeing business boom as luxury brands pump excess inventory into the country at bargain basement prices. But the pandemic clearance strategy is a double-edged sword. from The Business of Fashion https://ift.tt/2Oa04N7

Fast Retailing Predicts 50% Annual Profit Decline Due to Covid-19

Despite its recent forecast, the company saw Uniqlo's same-store sales rise 26 percent in June from a year earlier. from The Business of Fashion https://ift.tt/2VXnfP2

How to Reach Customers Who Still Don't Like Shopping for Clothes Online

Millions of consumers — particularly older ones — say they may not shop in stores until there’s a coronavirus vaccine. Many aren't big fans of e-commerce, either. Here’s how to keep them spending. from The Business of Fashion https://ift.tt/3258BcB

Did Digital Couture Week Work?

This season's Haute Couture Week was basically video week. Modern? Sort of. There was a lot of MTV to the proceedings, if without the creative energy and anarchy, writes Angelo Flaccavento. from The Business of Fashion https://ift.tt/3ej5yQx

#BoFLIVE: The Future of the Resale Market

Many resale platforms saw a rebound after the initial shock of the coronavirus outbreak — but can they sustain the momentum? from The Business of Fashion https://ift.tt/3gJ2o9Z

Why Boohoo’s Remarkable Run Came to a Crashing Halt

The British fast fashion juggernaut’s ambitions to build an empire that could compete with the giants behind Zara and H&M was gaining ground this year. But allegations of poor working conditions in its factories have raised questions about its future. from The Business of Fashion https://ift.tt/2O43vVJ

#BoFLIVE: How to Raise Money Right Now

While money for fashion’s start-up scene hasn't dried up entirely, many companies raising money these days have one thing in common: they are seen by investors as recession-proof. How can start-ups attract venture capital firms in today's climate? from The Business of Fashion https://ift.tt/38Dj7J0

#BoFLIVE: Geoffroy van Raemdonck in Conversation with Imran Amed

The seasoned executive is working to overhaul the Neiman Marcus Group by doubling down on in-store experience and shaking up its portfolio. He joins Imran Amed in a conversation about the future of luxury retail and his vision for the group. from The Business of Fashion https://ift.tt/3iHf9nk

#BoFLIVE: Tim's Take with Milliner Stephen Jones

One of the most lauded milliners in modern memory, who has worked in the industry for over three decades, speaks to Imran Amed about finding creativity in a pandemic. from The Business of Fashion https://ift.tt/2VVVgPW

Boohoo's Reckoning Puts Business at Risk

Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing

Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load. from The Business of Fashion https://ift.tt/38B3IZQ

Levi Strauss Warns of Weak Sales Growth in Second Half of 2020

The denim brand reported a 62 percent drop in net revenue in the second quarter and said it will cut 700 jobs in order to save $100 million annually. from The Business of Fashion https://ift.tt/2CgmqtP

COS: From ‘High Street Céline’ to Stagnation

H&M’s upmarket sister brand was once a proof point for the Swedish group’s ambitions to diversify away from its core fast-fashion business. But COS executives have struggled to keep pace with a shifting market while managing a troubled internal culture. from The Business of Fashion https://ift.tt/2Dd569k

Retailers Pulls Boohoo Clothing Over Labor Abuse Concerns

Asos, Next and Zalando have all suspended temporarily suspended the sale of Boohoo products as investigations into the company's labour practises continues. from The Business of Fashion https://ift.tt/2Z8Mcci

Fireworks at Chanel Couture

Virginie Viard took an ambitious punt with her latest haute couture collection, which she said was ‘more inspired by Karl Lagerfeld than Gabrielle Chanel.’ from The Business of Fashion https://ift.tt/31WcznM

Need Supply, Totokaelo to Close

Parent company NSTO said the multi-brand fashion retailers, which operate stores in New York, Seattle and Richmond, Va., would wind down operations over the next several months. from The Business of Fashion https://ift.tt/3gEX7Az

Luxury's Bumpy Road Ahead

Investors are pinning their hopes on a 2021 recovery, but a worsening Covid-19 situation in the US and glum forecasts from the Federal Reserve indicate it won't be an easy path. from The Business of Fashion https://ift.tt/3gCFCkk

Gap Taps Into the Surging Corporate Demand for Face Masks

The US retailer has sold around 10 million of the non-medical grade face masks and requires a minimum of 100,000 masks per order. from The Business of Fashion https://ift.tt/2ZQ3gTu

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

Why it's worth reconfiguring your advertising strategy right now. from The Business of Fashion https://ift.tt/2ZP9hji

Bulgari CEO Expects to Recover Lost Sales Within Two Years

The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending. from The Business of Fashion https://ift.tt/3edzw8w

Dior Couture's Fairytale for Terrible Times

Despite the promise of provocation, there was ultimately nothing radical about Maria Grazia Chiuri's response to the viral nightmare afflicting the world, writes Tim Blanks. from The Business of Fashion https://ift.tt/38w68c4

Weakened Demand at Stores Signals More Trouble for Garment Suppliers

With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year. from The Business of Fashion https://ift.tt/2ZOkpNE

At CLO Virtual Fashion, Digitising the Design Process to Drive Transformation

The 3D fashion design software company counts Adidas, Inditex and Hugo Boss among their clientele, and considers its technology as a change agent, driving forward industry transformation and a sustainable design process. from The Business of Fashion https://ift.tt/2C7hUxx

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Alexander McQueen, Amiri and Gap. from The Business of Fashion https://ift.tt/31NipHP

Careers Counsel | How Different Personality Types Cope with an Always-On Culture

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/31PDm5a

Boohoo to Stop Working With Suppliers That Don't Meet Standards

An early investigation revealed the factory in Leicester, which came under fire for paying workers as little as $4.38 an hour, was not a declared supplier and was no longer trading as a garment manufacturer. from The Business of Fashion https://ift.tt/2VPdSAZ

On, the Running Shoe Brand, Is Gaining Momentum. Its New Partner, Roger Federer, Wants to Help.

The tennis legend and Swiss upstart are launching a sneaker together. Federer speaks to Imran Amed to share all the details in an exclusive in-depth interview on the BoF Podcast. from The Business of Fashion https://ift.tt/2D8iUBX

Why Dior Is Pushing Couture in a Pandemic

- July 05, 2020

With a miniature collection, the house of Christian Dior is literally scaling back its presence at Paris Haute Couture Week. But don’t be fooled: after a steep jump in Dior sales last year, LVMH is keeping its foot on the accelerator at its second-biggest brand. from The Business of Fashion https://ift.tt/31LwIfY

How Lululemon Built Athleisure's Leading Brand – Download the Case Study

- July 05, 2020

As much of the fashion industry scrambled to survive the Covid-19 crisis, the activewear label’s share price rose to an all-time high. How did Lululemon come to dominate the age of athleisure, prosper through the early days of the pandemic and solidify its position as one of the world's most powerful apparel brands? from The Business of Fashion https://ift.tt/2YZHqhh

Digital Fashion Weeks Are Here: Have You RSVPed?

- July 05, 2020

This week, everyone will be talking about the digital haute couture and men's shows in Paris, the growing advertiser boycott of Facebook and Instagram and a second wave of retail layoffs. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3eWGrnw

Lucky Brand Files for Bankruptcy After the Pandemic Forces Closures

- July 04, 2020

The US clothing retailer, who said it will continue to operate during the Chapter 11 process, plans to sell the company to Aéropostale and Nautica owner. from The Business of Fashion https://ift.tt/31HPnt4

Inside JW Anderson’s Pandemic-Proof Show in a Box

Tim Blanks spoke to Jonathan Anderson to decode the designer’s inventive approach to presenting Men’s Spring/Summer 2021 and Women’s Resort 2021. from The Business of Fashion https://ift.tt/2ZCyxZU

The BoF Podcast: Giles Deacon on Carving Out His Own Fashion Calendar

The designer speaks with BoF's Imran Amed about the importance of creative autonomy in a time of 'product for more product’s sake.' from The Business of Fashion https://ift.tt/2ZuPLsi

Tim Blanks’ Top Fashion Shows of All-Time: Yves Saint Laurent, Haute Couture Spring 1988

BoF’s Editor-at-Large revisits his top fashion shows of all time, starting with the first Paris presentation he ever covered, back in the go-go Eighties. from The Business of Fashion https://ift.tt/3iyAgbJ

Harrods Opens Its First Outlet Store

The iconic department hopes the new 80,000 square feet of space in London’s Westfield White City shopping mall will help shift the unsold goods piled up at its flagship store in Knightsbridge. from The Business of Fashion https://ift.tt/2BYAGHo

Reality Check: Fashion’s Crisis Is Far From Over

This week, brands and retailers made a series of grim announcements as lingering hopes for a V-shaped recovery from the Covid-19 crisis evaporated. from The Business of Fashion https://ift.tt/38lEZJ0

Tim Blanks’ Top Fashion Shows of All-Time: Yves Saint Laurent, Haute Couture Spring 1988

The Death of Fashion Shows? Not So Fast.

‘I come to praise shows, not to bury them,’ writes Tim Blanks as he kicks off a journey through his top fashion shows of all-time. from The Business of Fashion https://ift.tt/3eQXlnw

Power Moves | YNAP CEO Joins Giorgio Armani Board, Coty Names New CEO

This week Federico Marchetti was appointed non-executive director to the luxury fashion house’s board, while Coty appoints Sue Y. Nabi as its chief executive. from The Business of Fashion https://ift.tt/3eVB5Jl

Primark’s Sales Bounce Back After Stores Reopen From Lockdowns

Even so, the fast fashion retailer expects to generate £350 million ($437 million) in operating profit this year, compared with £913 million last year. from The Business of Fashion https://ift.tt/2BWaOvV

Boohoo to Investigate Supply Chain Practices After Health Report

A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection. from The Business of Fashion https://ift.tt/2BmALVy

Diesel CEO Seeks to Revive 90s Success With Slimmed Down Brand

Massimo Piombini plans to close stores, raise prices and expand in sneakers to revamp the denim brand. from The Business of Fashion https://ift.tt/3gotvXJ

Prada Sales in Asia See Double-Digit Jump

Chief Executive Patrizio Bertelli is confident the trend will continue in the coming months. from The Business of Fashion https://ift.tt/3irjU4j

Using Famous Faces to Impress Chinese Consumers Just Got Trickier

Marketing to Chinese consumers in a time of crisis means that brands with tighter budgets need to consider new ways of leveraging Chinese influencers and celebrities. from The Business of Fashion https://ift.tt/2ZtMpFX

#BoFLIVE: What Will Beauty Retail Look Like Post COVID 19?

Without the support of well-capitalised conglomerates, most independent beauty brands have a limited cash runway to work with while they navigate changing consumer sentiments, marketing pivots and the closure of crucial distributors. What will the beauty industry look like post-pandemic? from The Business of Fashion https://ift.tt/3dWztO2

Prada Scion Lorenzo Bertelli’s First Interview

The son of Miuccia Prada and Patrizio Bertelli talks to BoF’s Imran Amed about joining the family business and his vision for the future of the company. from The Business of Fashion https://ift.tt/2VTMOAL

Inside the Covid-19 Customer Service Crisis

Crippled with shipment delays and mountains of returns, brands are crumbling under an influx of inquiries — and losing customers along the way. Here’s how to turn it around. from The Business of Fashion https://ift.tt/2ZpbAtg

The BoF Podcast: Aniyia Williams on Why Self-Examination Is Critical to Dismantling Racism in Fashion

The entrepreneur talks to BoF’s Imran Amed on finding blind spots and difficult conversations. from The Business of Fashion https://ift.tt/3eRigHc

Macy's Posts Nearly $4 Billion in Losses

The department store chain, hard hit by the pandemic, reported $3.58 billion loss in its first quarter. from The Business of Fashion https://ift.tt/2VCuX0W

Suzy Menkes Is Stepping Down from Vogue International

The veteran journalist is leaving her position as Condé Nast faces turbulent times. from The Business of Fashion https://ift.tt/2CZ22Oa

Philip Green's UK Arcadia Group to Cut 500 Head Office Jobs

The Topshop owner blamed the coronavirus crisis for the restructuring. from The Business of Fashion https://ift.tt/2CR5ryi

Capri Forecasts 70% Fall in Current-Quarter Revenue

The Michael Kors owner said the COVID-19 pandemic has hammered demand for its handbags and dresses. from The Business of Fashion https://ift.tt/38k5zC0

UK Mall Landlords See Rent Payments Decline

The British government has temporarily limited landlords’ ability to evict tenants in response to the crisis, which analysts say has resulted in some retailers withholding rent. from The Business of Fashion https://ift.tt/38k4Uk0

Gen-Z’s Evolving Retail Priorities

Equipped with raw consumer data and an expansive market view, payment solutions provider Afterpay shares its insights on the spending priorities of the elusive Gen-Z consumer. Here, BoF identifies its key findings. from The Business of Fashion https://ift.tt/2BZjC3O

UK Dynasty Behind Primark Put to Test After Sales Dive to Zero