Fashion World News

Chief Executive Robert Buchbauer plans to shrink the lower-margin mass-market business and focus on more expensive jewellery. from The Business of Fashion https://ift.tt/2TGqadv

The outcome of a highly contentious presidential race in a deeply polarised superpower has significant implications for the global fashion industry. from The Business of Fashion https://ift.tt/3oGqCXr

Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents. from The Business of Fashion https://ift.tt/35QfJcL

The sportswear company also announced the sale of its MyFitnessPal exercise tracking platform for $345 million. from The Business of Fashion https://ift.tt/3eetZjp

Fake blood, a spooky doll-themed contest and a ‘Halloween Hotline’ are some of the ways makeup and skin care brands hope to stand out in a saturated holiday market. from The Business of Fashion https://ift.tt/3eezrmn

The designer’s clothes-first attitude made for a restricted, mostly monochrome Spring/Summer 2021 collection that appeared to be dressing people for serious times ahead, writes Tim Blanks. from The Business of Fashion https://ift.tt/31VXl0W

‘Essentially, we are allowing our partners to use the property space to serve their consumers and patrons in a safe, exciting and effective manner,’ explains Meredith Darnall, Senior Vice President of Business Intelligence and Strategy at Brookfield Properties. from The Business of Fashion https://ift.tt/2GbBRWl

For 50 years, Urban Outfitters has managed to ride the waves of mid-priced apparel retail without succumbing to the steady decline of its competitors. The key to the success of its brand stable — which also includes Anthropologie, Free People and Nuuly — is the company’s belief that the customer should define the product mix, not the merchant. from The Business of Fashion https://ift.tt/34GVeQy

BoF's editor-at-large travels back in time to January 2012, when the menswear designer made his stellar debut on the Milan runway, taking the suit back to its sartorial roots in the military. from The Business of Fashion https://ift.tt/37SwoiF

This week, the owner of Coach and Kate Spade named Joanne Crevoiserat as its new chief, while Jen Sey was named brand president amid an executive reshuffle at the American denim company. from The Business of Fashion https://ift.tt/34Ga8X6

BoF Editor-at-Large Tim Blanks speaks with the Belgian designer about his new community-centred art hub and why the clothing store could do with a makeover. from The Business of Fashion https://ift.tt/2Jf7sYl

The luxury apparel retailer's quarterly net revenue fell 30 percent to $1.19 billion. from The Business of Fashion https://ift.tt/3oEvLPx

The Coach owner's quarterly net sales fell 13.7 percent to $1.17 billion, beating analysts' average estimate of $1.07 billion. from The Business of Fashion https://ift.tt/34EcPsh

Choosing the epicentre of China’s coronavirus outbreak to debut the brand’s latest travelling exhibition may raise eyebrows but it’s also a very smart move that reveals a lot about the luxury industry’s post-pandemic playbook. from The Business of Fashion https://ift.tt/31UJlEW

What do Tuesday's results mean for the fashion industry? BoF's team, joined by Sharifa Murdock, co-owner of Liberty Fashion & Lifestyle Fairs, break down what's happened so far, and what happens next. from The Business of Fashion https://ift.tt/3jFj9Em

Industry forces accelerated by the pandemic are completely reshaping the retail industry. Learn from the key players who are seizing the future at VOICES 2020. from The Business of Fashion https://ift.tt/31T3Sd7

The deal ends weeks of savage corporate fighting and knocks over $400 million off the original price tag of around $16.2 billion. from The Business of Fashion https://ift.tt/3edsulB

Amid surging sales, Bottega Veneta needs to keep up the momentum without losing its discreet charm. CEO Bartolomeo Rongone talks exclusively to BoF about the reinvention of the Italian heritage brand and where it’s headed from here. from The Business of Fashion https://ift.tt/31SqOZK

Industry forces accelerated by the pandemic are completely reshaping the retail industry. Learn from the key players who are seizing the future at VOICES 2020. from The Business of Fashion https://ift.tt/2HOrFDu

For the Filipino former web developer, who grew an audience of over 1 million TikTok followers in six months, the move is the latest in a career of pivots that have taken him from first-wave fashion blogger to Gen-Z media star. from The Business of Fashion https://ift.tt/37REOHe

The New York-based womenswear label, led by Carly Cushnie, will close after 12 years in business. While many independent designer labels are struggling right now, few have decided to fully shut down. from The Business of Fashion https://ift.tt/3jFEVaZ

Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage. from The Business of Fashion https://ift.tt/37Tu4b9

Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas. from The Business of Fashion https://ift.tt/3oCMSkK

The German sportswear company's quarterly sales rose by 13 percent to €1.58 billion ($1.87 billion), beating forecasts for €1.56 billion. from The Business of Fashion https://ift.tt/3oAJCX5

Many fashion brands remain dependent on department stores, e-tailers and multi-brand boutiques to drive sales, but the cost of doing business with these third parties is growing. Here’s how labels can protect themselves. from The Business of Fashion https://ift.tt/3e03kXC

Catch up on the third installment of BoF's new five-part online learning series to find out how to measure the environmental and social impact of your business. from The Business of Fashion https://ift.tt/3kO9s85

Fashion has become a key battlefield for South Korean tech giants like KakaoTalk, which global brands Chanel and Swarovski are tapping to reach one of Asia’s most influential and digitally advanced consumer groups. from The Business of Fashion https://ift.tt/31QoBOC

The e-commerce company said the partnership will allow its merchants to sell product in the form of shoppable video ads. from The Business of Fashion https://ift.tt/3ozWTPG

In the final episode of BoF’s new podcast series Retail Reborn, Doug Stephens explores how fashion retail must evolve so it can operate within planetary boundaries featuring guests including sustainable design authority William McDonough, founder and CEO of Jordan Alliance Group Inc, Ilka Jordan, and Sanjeev Bahl, founder of sustainable denim manufacturer Saitex. from The Business of Fashion https://ift.tt/3e8sqn9

The companies are discussing a price of $130 to $135 per Tiffany share. The original price for the deal was $135 per share. from The Business of Fashion https://ift.tt/31OU2J8

Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory. from The Business of Fashion https://ift.tt/37HjVhP

Crevoiserat has served as the Group’s interim chief since Jide Zeitlin resigned amid misconduct allegations in July. from The Business of Fashion https://ift.tt/2HDpWBr

Today, retailers are innovating customer touchpoints and turning to technologically augmented solutions to create effective paths to purchase across interconnected on- and offline networks. from The Business of Fashion https://ift.tt/3jBPDPI

For years, fashion’s top creative jobs have gone to a small pool of talent. The economic impact of the pandemic and demands for greater inclusivity may be changing that pattern. from The Business of Fashion https://ift.tt/37IfxPo

Exceptional shopping centres can thrive even in the middle of a pandemic. What separates the winners from the losers? And where should brands place their bets? from The Business of Fashion https://ift.tt/37G82bT

The designer’s latest ode to youth lacked vitality. Take away the Celine logos and it could have been anything, but there was plenty of tempting merchandise, writes Angelo Flaccavento. from The Business of Fashion https://ift.tt/34w663S

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/37OeygV

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

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/3ordzsI

The company now expects full-year revenue to grow by up to a third to about £1.48 to £1.52 billion. from The Business of Fashion https://ift.tt/35CYziX

From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season. from The Business of Fashion https://ift.tt/37GP1pJ

Fashion brands are eager to work with unlikely collaborators that help them expand their reach. But not all partnerships are created equal. from The Business of Fashion https://ift.tt/2HzKL0a

This week, everyone will be talking about Facebook and Pinterest earnings and the prospect of more lockdowns. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/3oxQaWP

The designer’s Spring 2021 collection for his namesake label, the first to include womenswear, offered an ominous meditation on coming of age in the time of Covid-19. from The Business of Fashion https://ift.tt/35s3NxL

In the third quarter, Gucci underperformed LVMH’s fashion and leather goods division as well as Kering stablemates like Saint Laurent, underscoring the growing importance of local customers in the age of Covid-19. from The Business of Fashion https://ift.tt/2FTB4cu

The Sicilian designer has created looks for superstars like Madonna, Beyoncé and Jennifer Lopez. He succeeds Paul Surridge, who exited the company last March. from The Business of Fashion https://ift.tt/35tI9Jw

Higher-end skin-care labels have to adapt to a new reality where many consumers know inexpensive brands like CeraVe or The Ordinary are just as good. from The Business of Fashion https://ift.tt/35qDXdt

Some sank, others surged. BoF examines how Kering, Hermès and Moncler stacked up against the high bar set by LVMH’s fashion and leather goods division last week. from The Business of Fashion https://ift.tt/37zXFGG

BoF’s Editor-at-Large journeys back to a show that fused Indian mysticism, 18th century silhouettes, 13th century martyrdom, haute couture, punk, fetish wear, denim and the body — tattoo-ed, scarified, pushed on and on to the ‘(un)limits’ of Gaultier’s imagination. from The Business of Fashion https://ift.tt/3oeKFfv

Overall sales came in at 7 billion euros ($8.27 billion), for the July to September period, rising 1.6 percent from a year earlier. from The Business of Fashion https://ift.tt/37w6W2n

In the months between July and September, revenue dropped 15 percent year on year. from The Business of Fashion https://ift.tt/3oioeGg

The luxury group's organic revenue fell only 1.2 percent in the third quarter, compared with analysts’ projection for a 9.1 percent drop. from The Business of Fashion https://ift.tt/3ok5Xbi

This week, Malika Savell will lead diversity initiatives at Prada North America, while Daniela Falcão is stepping down as managing director of Edições Globo Condé Nast. from The Business of Fashion https://ift.tt/3kzIAsl

The designer speaks with BoF Editor-at-Large Tim Blanks about how the current moment is shaping the future of creativity. from The Business of Fashion https://ift.tt/34ktPnc

The company, which rebranded as Repeller earlier this year, faced criticism over the summer for its content and internal culture. from The Business of Fashion https://ift.tt/37xEoFE

Follow our live blog for continuous updates from the frontlines of fashion. from The Business of Fashion https://ift.tt/2W77XrK

The consumer goods group is looking to divest a number of smaller brands, with CEO Alan Jope adding that no large acquisitions were in the works. from The Business of Fashion https://ift.tt/34ieYtw

The company will decide in the coming months whether to proceed with a sales process, said a person familiar with the matter. from The Business of Fashion https://ift.tt/3dOPual

Revenue rose 6.9 percent to €1.8 billion ($2.1 billion) in the third quarter, beating estimates by €100 million. from The Business of Fashion https://ift.tt/3koVaum

Brands are increasingly turning to platforms, from Farfetch to new entrants like Behold and The Yes, for the exposure multi-brand retailers used to provide. But can they really deliver the same level of brand awareness — and volume of sales? from The Business of Fashion https://ift.tt/2IYRhOZ

The world’s biggest online shopping festival is fast approaching. What consumer and tech trends do brands need to have on their radars before it kicks off? from The Business of Fashion https://ift.tt/2HmXa80

The designer is plotting his growth plans carefully after a summer of industry accolades, A-list celebrity dressing and spiking interest in Black designers. from The Business of Fashion https://ift.tt/3dLlqfM

The Farfetch-owned British fashion boutique has been buoyed by a digital pivot. But as it celebrates its 50th anniversary, its plans to revolutionise physical retail are facing fresh challenges. from The Business of Fashion https://ift.tt/2TcaTkq

BoF and McKinsey & Company are pleased to share a preview of exclusive data from The State of Fashion 2021, our highly anticipated annual report on the future of the fashion industry, which reveals that the global fashion industry could lose up to 20 percent of revenues this year — worth up to a staggering $440 billion — and lays out potential scenarios for the year ahead as well as the timing of the sector’s recovery. from The Business of Fashion https://ift.tt/3ogypL9

Global retail software company Cegid shares its insights on how unifying the shopping experience can help create competitive advantage in luxury and fashion retail; from omnichannel sales and fulfilment to expanding the role of the store. from The Business of Fashion https://ift.tt/3ohSHUD

The company's chairman Ferruccio Ferragamo approached investors in September offering a roughly 20 percent stake in the holding vehicle that controls the Milan-listed business, according to sources. from The Business of Fashion https://ift.tt/35euTZ2

The size and price range of the offering have not yet been determined, the company said. from The Business of Fashion https://ift.tt/3ofRPjg

The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel. from The Business of Fashion https://ift.tt/3obN625

As security experts warn that the US presidential election could spark renewed civil unrest, stores in major cities like Chicago remain boarded up following on from Black Lives Matter protests during the spring and summer. from The Business of Fashion https://ift.tt/35hEgY1

The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year. from The Business of Fashion https://ift.tt/34jtDoy

Catch up on this #BoFLIVE conversation exploring how brands and manufacturers are building supply chain resilience in response to the pandemic. from The Business of Fashion https://ift.tt/3dIGHXm

The social media platform says that by selling products directly on their feeds, brands can meet customers where they spend time and reduce the clicks required to convert ad impressions into sales. But brands and consumers aren't fully sold on the idea yet. from The Business of Fashion https://ift.tt/37pxAtJ

As Shanghai Fashion Week returns to business as usual, organisers and retailers in Tokyo and Seoul are turning their focus to homegrown talent. from The Business of Fashion https://ift.tt/3dK4ypA

With a planned sale to its bankruptcy lenders and biggest landlords, the retailer must first finish a staggering lease agreement with less than a week to close the deal. from The Business of Fashion https://ift.tt/3dV8FQ5

Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday. from The Business of Fashion https://ift.tt/31r2wWG

The retailer plans to increase activewear sales to be at least 30 percent of its business, up from about 20 percent in 2019. from The Business of Fashion https://ift.tt/34dr4UF

As the virus spreads and the economy falters, the country’s fashion industry is nearing crisis point. With sales down, stores closing and artisan supply chains under pressure, designers are digging deep to become even more entrepreneurial. from The Business of Fashion https://ift.tt/31nIJYc

In luxury’s biggest and most profitable category, the path to success is narrower than before. Which styles are selling and why? from The Business of Fashion https://ift.tt/3o6JheH

Women designers, from Stella McCartney to Sacai’s Chitose Abe to Tory Burch, brought a sense of hope and purpose to the Spring shows, writes Tim Blanks. from The Business of Fashion https://ift.tt/35auze8

The fast fashion e-tailer's stock dropped as much as 17 percent after the news broke. from The Business of Fashion https://ift.tt/3dIgXdY

Shopper numbers were down 2.8 percent on high streets and 3.5 percent in shopping centres. from The Business of Fashion https://ift.tt/3dCyd4h

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/357qVBA

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from A-Cold-Wall, JOOR and Saint Laurent. from The Business of Fashion https://ift.tt/2T85Cu8

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/3kojiNm

BoF speaks to Vogue Turkey’s founding editor-in-chief on how the country’s fashion ecosystem is evolving and introduces 10 designers showcasing at Mercedes-Benz Fashion Week Istanbul to watch this season. from The Business of Fashion https://ift.tt/3jbxKai

This autumn, labels from Michael Kors to Comme des Garçons to Raf Simons are presenting collections in October in what’s shaping up to be something like a second fashion month. Will it stick post-pandemic? from The Business of Fashion https://ift.tt/35c7I1v

This week, everyone will be talking about luxury brands' latest sales results, Raf Simons' first womenswear collection and the return of Brexit. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/31hscoH

After founder Yael Aflalo stepped down amid racism allegations in June, the private equity-backed, cool-girl brand commissioned a third-party investigation into its corporate culture. The results cleared Aflalo of the accusation, but revealed broader internal problems. from The Business of Fashion https://ift.tt/2GXjJjz

This week, an unlikely alliance of fashion giants including Chanel, Hermès, Inditex and H&M agreed to a new set of climate commitments, but the industry is unlikely to overcome its sustainability challenge through self-policing alone. from The Business of Fashion https://ift.tt/31ejQhg

The app includes a virtual dressing room to help buyers easily judge whether a garment will be the right size for them. from The Business of Fashion https://ift.tt/3khryyE

Consumer views of buying conditions for durable goods have worsened ahead of the holiday shopping season. from The Business of Fashion https://ift.tt/341f5tn

Despite the pandemic, stores still matter in the world of cosmetics and personal care. Here’s how brands can make the leap. from The Business of Fashion https://ift.tt/3k4epcd

BoF's Annual Gathering for Big Thinkers will be held from December 1-3, broadcasting live to more than 100,000 BoF Professionals, making it the largest fashion business conference in the world, adapted for the unique circumstances of the Covid-19 era. from The Business of Fashion https://ift.tt/352cHC7

BoF speaks to Vogue Turkey’s founding editor-in-chief on how the country’s fashion ecosystem is evolving and introduces 10 designers showcasing at Mercedes-Benz Fashion Week Istanbul to watch this season. from The Business of Fashion https://ift.tt/3lXxo9b

BoF’s Editor-at-Large revisits a Rei Kawakubo riddle that took years to decode. from The Business of Fashion https://ift.tt/31aiuEt

The standstill comes ahead of a crticial quarter, raising the prospect that creditors will carry the burden of millions of dollars in extra costs. from The Business of Fashion https://ift.tt/319WWrF

The high-end shopping corridor, home to luxury brands and swanky boutiques, saw a 17 percent decline in rent in the third quarter. from The Business of Fashion https://ift.tt/31busgY

Surging demand from Chinese consumers stuck at home offset the continued collapse in tourist shopping more than expected. from The Business of Fashion https://ift.tt/2H99hF4

Imran Amed and Tim Blanks reflect on how this season of largely virtual shows landed. from The Business of Fashion https://ift.tt/3iVWXFy

This week, Nicolas Hieronimus takes the helm at L’Oréal, while Macy’s appoints a Boston Consulting Group partner as Chief Financial Officer. from The Business of Fashion https://ift.tt/2SUkCf5

As this year’s Singles’ Day festival approaches, video apps like Douyin and Kuaishou have joined the throng of companies jostling to steal a slice of market share from giant platforms like Tmall and JD.com. Brands must pick their partners carefully. from The Business of Fashion https://ift.tt/2SUSNmC

The jeweller said its sales in Mainland China were 'extremely strong' and its business was recovering in the United States. from The Business of Fashion https://ift.tt/34516TD

The largest acquisition in the history of the luxury goods sector has collapsed, setting up what could be the industry's biggest M&A battle of all time. BoF brings in the experts to lay out what could — and probably will — happen next. from The Business of Fashion https://ift.tt/2GTelhr

What do young consumers really want? BoF puts some of the widely accepted attributes of Gen-Z under the microscope, and interrogates how five industry players — Nike, Brandy Melville, Morphe, Depop and Louis Vuitton — have successfully capitalised on the Gen-Z opportunity. from The Business of Fashion https://ift.tt/2GRUDCF

The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1. from The Business of Fashion https://ift.tt/2SSAZsy

The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers. from The Business of Fashion https://ift.tt/374lru1

For years, ‘daigou’ shopping agents exploited lower prices in markets like South Korea to provide Mainland Chinese with billions of dollars in discounted luxury goods. Now, the ‘daigou’ grey market is coming under pressure, write Luca Solca and Melinda Hu. from The Business of Fashion https://ift.tt/33ZyACM

Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook. from The Business of Fashion https://ift.tt/2IAhumN

Sharing DHL’s global insight on responsible logistics strategies, as well as the experience of entrepreneur and designer Emily Bode, BoF identifies how smaller businesses can reimagine logistics to do good and mitigate harm. from The Business of Fashion https://ift.tt/3nLsnlA

As the pandemic reshapes consumer preferences, companies are shifting their workforces to accommodate a new reality. from The Business of Fashion https://ift.tt/3j0slCK

As gatekeepers to the industry, fashion schools have a crucial role to play in uprooting systemic racism, but they also have their own problems to fix. from The Business of Fashion https://ift.tt/30ZRffN

As gatekeepers to the industry, fashion schools have a crucial role to play in uprooting systemic racism, but they also have their own problems to fix. from The Business of Fashion https://ift.tt/30ZRffN

Deputy Chief Executive Officer Nicolas Hieronimus is expected to replace long-time boss Jean-Paul Agon, according to sources. from The Business of Fashion https://ift.tt/2SRfisN