Fashion World News

To survive in the long run, the likes of Macy’s and Nordstrom need more than new ownership structures or retail formats; they must reinvent their entire value proposition with a selection that can compete with online fast fashion and off-price players. from Business of Fashion https://ift.tt/d8k6HIG

Both brands are leaning on high-profile advertising campaigns to refresh their image. We’ll find out this week whether that’s translating into increased sales. from Business of Fashion https://ift.tt/JlYOkvh

US prices increased less than expected in February, keeping a June interest rate cut from the Federal Reserve on the table. from Business of Fashion https://ift.tt/9Tp8Sij

The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus. from Business of Fashion https://ift.tt/yqkKNvQ

Our inaugural programme will honour three entrepreneurs changing the face of our industry. from Business of Fashion https://ift.tt/KZY7tz8

With the appointment, Frank’s co-founder Jesse Derris will move into a chief strategy officer role at Derris’ parent company Orchestra. from Business of Fashion https://ift.tt/tQoZFbl

The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications. from Business of Fashion https://ift.tt/b7hzenl

At The Business of Fashion’s Professional Summit in New York last week, Sona Abaryan, partner and global retail and luxury sector lead at tech-enabled data science firm Ekimetrics, shared how businesses can more effectively leverage AI-driven insights on consumer behaviour to achieve a customer-centric strategic approach. from Business of Fashion https://ift.tt/QOKkq7X

Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time. from Business of Fashion https://ift.tt/nyL0tKG

The luxury parka retailer’s job cuts follow two quarters of single-digit sales growth after increases of more than 20 percent the previous two periods. from Business of Fashion https://ift.tt/r3l6KJg

Premium skincare line Allies Of Skin announced a $20 million investment round on Mar. 26 with the funds earmarked for a wide US expansion. It’s the brand’s first institutional raise, having previously taken investment from family members and friends. from Business of Fashion https://ift.tt/qtLsiDw

Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub. from Business of Fashion https://ift.tt/DBjPtu6

In an exclusive extract from her new memoir ‘How to Make Herself Agreeable to Everyone’ the model and activist examines the dark side of the industry — and her complicity in it. from Business of Fashion https://ift.tt/208lSAa

In June, BoF will honour the entrepreneurs shaping the future of the beauty industry at The Business of Beauty Global Forum 2024. Apply for your chance to join us. from Business of Fashion https://ift.tt/2rG1YSn

The Kering-owned brand’s lagging performance in China is the latest sign that luxury fashion’s bet on a post-Covid economic recovery in the region may not happen. from Business of Fashion https://ift.tt/q4LJzg7

The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week. from Business of Fashion https://ift.tt/yQutRjG

The late designer had it all and lost it all, but his design genius made him a fashion legend, writes Tim Blanks. from Business of Fashion https://ift.tt/VJ6oHYu

Shares of the Vancouver, Canada-based company fell 9 percent in extended trading. from Business of Fashion https://ift.tt/AuNyfS8

The DFB said on Thursday Nike would supply all national teams from 2027 to 2034, having made the best financial offer. from Business of Fashion https://ift.tt/6Cun5pT

LVMH’s group managing director Toni Belloni will step down, the company said on Thursday, with Stephane Bianchi taking over his operational functions, in a rare top management reshuffle at the world’s biggest luxury group. from Business of Fashion https://ift.tt/tRavqo5

From customer loyalty types to its pillars of personalisation, SAP Emarsys customer engagement provides more than 1,500 companies with personalised marketing campaigns via AI-powered analytics, including Puma, Aldo and Reformation. BoF learns more. from Business of Fashion https://ift.tt/kR3f9qZ

The company behind Naturium’s recent sale adds the body care brand to its portfolio. from Business of Fashion https://ift.tt/8bEY6Zn

US retail sales are expected to rise as much as 3.5 percent this year, a slower pace than 2023. from Business of Fashion https://ift.tt/j2kL6Xt

Following the launch of the latest spring campaign, Calvin Leung shares how Gap is re-centring on its purpose to reignite the brand, fostering a culture of creativity and curiosity. from Business of Fashion https://ift.tt/SPfIKbZ

Congressman Robert Garcia sent a letter Friday to Loro Piana Chairman Antoine Arnault and chief executive Damien Bertrand demanding the company provide written answers to Congress by the end of April. from Business of Fashion https://ift.tt/CQDqxac

The news comes six weeks after No Ordinary Designer Label, which trades under Ted Baker’s brand, terminated its partnership with Dutch firm AARC on Jan. 29. from Business of Fashion https://ift.tt/lpeSL9Z

When the American sportswear retailer announced the return of its controversial founder as CEO Wednesday, investors were perplexed. BoF unpacks why Plank may be back — and the challenges that lie ahead in his bid to transform its fortunes. from Business of Fashion https://ift.tt/iTx1InK

Dermatologist-founded skincare brands are often found at luxury retailers with price points to match. But the newest one to hit the market is geared toward the TikTok set. from Business of Fashion https://ift.tt/Wo0p1qR

This month, BoF Careers provides essential sector insights to help beauty professionals decode the industry’s creative landscape. from Business of Fashion https://ift.tt/yP2clWo

From body cream to fragrance, L’Occitane’s crown jewel has lured TikTokers, tweens and shareholders alike. Now, at the height of its popularity, the latter thinks the buzzy beauty brand deserves its own public listing. from Business of Fashion https://ift.tt/o7LtIG5

Before fashion businesses can put artificial intelligence to work or target the right shoppers online, they need good data and a deep understanding of who their customers are and what they want. This case study offers a guide for brands that want to truly know their customer, allowing them to make smarter decisions that serve shoppers and drive results. from Business of Fashion https://ift.tt/BK2dXC4

The peer-to-peer marketplace will now offer the more convenient option of selling pre-owned luxury clothing on sellers’ behalf. from Business of Fashion https://ift.tt/PhLEwOb

The category’s biggest brands by market capitalisation report results this week, and will need to show they have a plan to fend off fast-growing competition. from Business of Fashion https://ift.tt/8q2XOhY

Supreme will launch its first standalone store in China, as well as a WeChat Mini Program, on March 23rd, a key milestone in the streetwear juggernaut’s global expansion plan following an early foray into the country via a shop-in-shop at Dover Street Market’s Beijing outpost in 2022. from Business of Fashion https://ift.tt/hGDcKk7

A proposed class action case against Sephora over its “Clean at Sephora” badge has been dismissed by a New York district court judge. from Business of Fashion https://ift.tt/sD2H4gN

In December, police arrested the 53-year-old along with her husband, Kenneth, taking the pair into custody on their sprawling property. from Business of Fashion https://ift.tt/RJfLsTY

The bill calls for gradually increasing penalties of up to 10 euros per individual item of clothing by 2030, as well for a ban on advertising for ultra-fast fashion products. from Business of Fashion https://ift.tt/yrh1Vi4

The Swedish luxury menswear brand is embracing the post-pandemic growth in the formal wear category, while optimising the consumer reach of their core line. BoF sits down with CEO David Thörewik to learn how Eton Shirts are innovating their strategy to drive global expansion. from Business of Fashion https://ift.tt/w1xpds7

Plank will succeed Stephanie Linnartz, who will step down as president, CEO and member of the board. from Business of Fashion https://ift.tt/Qgw96cj

Zara-owner Inditex’s sales jumped 11 percent at constant currencies in the first half of its spring season, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 sales growth top that of rival H&M. from Business of Fashion https://ift.tt/2bpW1kw

As social media users tune out ads, content creators are putting more of their content behind a paywall. The hope is they can build a deeper connection with their followers – and make more money, too. from Business of Fashion https://ift.tt/4gG8VRs

The company announced the news as it reported a drop in sales and increased losses for 2023. from Business of Fashion https://ift.tt/8iBN4aL

On expects sales to grow at least 30 percent this year to 2.25 billion Swiss francs ($2.56 billion) or more. from Business of Fashion https://ift.tt/6jz9XH4

Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market. from Business of Fashion https://ift.tt/1yxR6KU

Informa Markets Fashion has transitioned to Mmgnet Group and launched Mmgnet, its new parent brand, as the company innovates and expands its business model. Building on its heritage as a fashion industry connector, Mmgnet is an insights and inspiration resource for executives and stakeholders. BoF learns more from president Kelly Helfman and vice president of marketing, Teodora Nicolae. from Business of Fashion https://ift.tt/5BhbJ7C

How did Miu Miu grow by 58 percent last year? CEO Benedetta Petruzzo breaks down the plan that’s powered eye-popping acceleration in a slowing luxury market. from Business of Fashion https://ift.tt/Bcgj85W

In search of greater ownership — both of image and revenues — more fashion houses are wresting back control of their beauty licences. But running a beauty business can stretch otherwise well-resourced, powerful companies beyond their capabilities. from Business of Fashion https://ift.tt/kfV28Le

Gucci-owner Kering and Ray-Ban parent EssilorLuxottica are among the suitors for Italian eyewear manufacturer Marcolin, according to sources cited by the Financial Times. from Business of Fashion https://ift.tt/Vt7xlND

The Body Shop has filed for bankruptcy in the US and Canada and is struggling to pay suppliers in Australia as the group’s most profitable overseas businesses struggle with cash shortages after its UK parent’s collapse last month. from Business of Fashion https://ift.tt/Wvo6SPd

Luxury brands aren’t cutting back exactly, but the days of spending ever more of the budget on custom dresses and celebrity ambassador contracts may be coming to an end. from Business of Fashion https://ift.tt/EHqVAJj

From where aspirational customers are spending to Kering’s challenges and Richemont’s fashion revival, BoF’s editor-in-chief shares key takeaways from conversations with industry insiders in London, Milan and Paris. from Business of Fashion https://ift.tt/xNdD95j

The ByteDance-owned app has big ambitions to be an e-commerce player in league with Amazon with influence in fashion on par with Instagram. Now it’s facing new threats — both from outside and within. from Business of Fashion https://ift.tt/aYWVA5z

The company’s shares rose 4 percent after the bell. from Business of Fashion https://ift.tt/ewPBjgm

Anthony Vaccarello staged a surprise show to launch a collection of gorgeously languid men’s tailoring, writes Tim Blanks. from Business of Fashion https://ift.tt/eUMgPdb

Louis Vuitton has named French national rugby team captain Antoine Dupont as its latest ambassador, as part of parent company LVMH’s “premium partnership” with the Olympic and Paralympic Games taking place this summer in Paris. from Business of Fashion https://ift.tt/xjpznWV

Marc Bain shares why he's excited about our upcoming BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds, taking place on March 22 in New York. Purchase your ticket now to join us in person at The Times Center, New York – or sign up for the global livestream. from Business of Fashion https://ift.tt/0tX6INk

The Americas Act earmarks billions of dollars to support businesses involved in resale, waste sorting and recycling as part of a wider move to reduce America’s reliance on Chinese manufacturing. from Business of Fashion https://ift.tt/QNWL2Kl

Megabrands duke it out, but Miuccia Prada wins the day, writes Tim Blanks. from Business of Fashion https://ift.tt/ZY9mieI

An initial vote is expected Thursday. from Business of Fashion https://ift.tt/15qGs46

The department store chain’s shares fell about 4 percent after the bell. from Business of Fashion https://ift.tt/XKc5fWH

Investors are watching to see if Shein can break through the impasse — and what it means for Chinese IPOs in the US if they fail. from Business of Fashion https://ift.tt/X0OqCh5

A four-part strategy is ushering in a new phase of growth at global jewellery brand Pandora. Its chief marketing officer, Mary Carmen Gasco-Buisson, discusses the investments made across product design and brand marketing to capture the attention of new consumers. from Business of Fashion https://ift.tt/tbhmwjo

A handful of the most interesting designers showing at Paris Fashion Week owe a debt to Comme des Garçons founder Rei Kawakubo, writes Tim Blanks. from Business of Fashion https://ift.tt/56mLGnO

Fast-fashion brands with ultra-fast product turnover would be subject to penalties of up to 50 percent of their garments’ selling price to offset their environmental impact. from Business of Fashion https://ift.tt/jn2b8G7

Beauty's relationship with sports grows more interconnected as French labels eye Olympic athletes. from Business of Fashion https://ift.tt/Wb69Rfz

A Coach restaurant and coffee shop will open on March 4 next to one of the brand’s stores in the Indonesian capital. from Business of Fashion https://ift.tt/P7ZSMET

Investment firms Arkhouse Management and Brigade Capital Management is offering to acquire Macy’s stock they don’t already own for $24 per share, 14 percent above its previous offer from December. from Business of Fashion https://ift.tt/dUrqjOy

But the surging energy of the show ended in a strange, suspended moment, writes Tim Blanks. from Business of Fashion https://ift.tt/xuJZPLh

Seán McGirr’s Debut for McQueen: Anticipation and Controversy from Business of Fashion https://ift.tt/gCS6Wr8

Big, mainstream brands report fourth-quarter results, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/KXgbhRU

Iris Apfel, the interior designer and fashion tastemaker who found fame as an octogenarian, has died aged 102. from Business of Fashion https://ift.tt/0HYGANF

But domestic bliss takes on more complex shadings when viewed through designer eyes, writes Tim Blanks. from Business of Fashion https://ift.tt/vAkHBhI

The fragmented nature of the market for hair care products directed at Black women theoretically gives entrepreneurs an opening. from Business of Fashion https://ift.tt/6qeN3OP

Matter and Shape, the first design salon to take place during Paris Fashion Week, opened Friday in the Tuileries Gardens, regrouping furniture and homeware propositions from fashion favourites like Rick Owens, Sacai, Charlotte Chesnais and Fendi’s Delfina Delettrez alongside manufacturers like De Sede and Flos. from Business of Fashion https://ift.tt/rbEkTyd