Business

Blockchain start-up Retraced: “We aim to prove transparency pays off”

The ascent of German blockchain start-up Retraced has been rapid: Founded in October 2018, and just over a year later, the company won the German Sustainability Prize 2019. During the pandemic year 2020, Retraced was able to win over 40 fashion companies (including Armedangels, Boyish Jeans and ErlichTextil) and started 2021 with raisingone...

9 hours ago

Fashion

Nike is world's top valuable apparel brand

Nike is the world’s most valuable apparel brand for the seventh consecutive year, according to data from the Brand Finance Apparel 50 2021 report. In a trying year for retailers and brands, the total value of the world’s top 50 most valuable apparel companies declined by 8 percent. Footwear brands are the only category to see growth, up 9...

Apr 8, 2021

Fashion

Karl Lagerfeld unveils debut collection with Amber Valletta

French fashion label Karl Lagerfeld has unveiled its debut sustainable accessories collaboration with supermodel, actress and activistAmber Vallettafor spring 2021, alongside an announcement that it will be expanding its collaboration for spring/summer 2022. The eco-friendly collection, on sale online from April 8, features accessories made from...

Apr 8, 2021

Business

The unexpected impacts of Covid retail closures on small investors

Since the pandemic started, hundreds of thousands of retail locations have closed; some temporarily, many for good. While this trend has had a visible, almost immediate effect on retailers’ financials and strategies, there is another group of stakeholders who are facing unexpected challenges: Small investors. Commercial real estate has...

Apr 7, 2021

Fashion

Yu Prize names ChenPeng as the inaugural winner

The inaugural Yu Prize, launched to support emerging Chinese designers, has named ChenPeng as the 2021 winner at a gala dinner held during Shanghai Fashion Week. Thenew annual prizewas launched by Wendy Yu, founder and chief executive of Yu Holdings in collaboration with Paris Fashion Week and Shanghai Fashion Week to provide critical support...

Apr 7, 2021

Retail

An estimated 80,000 US retail stores to close by 2026

A prognosis on the state of US retail shows 80,000 stores may close by 2026. The impact of the pandemic has shooed global consumers to shop online, with investment analysts at UBS estimating 27 percent of all goods purchased at retail will be made online by the end of 2026. That’s up 18 percent of total retail today. The store closures equate to...

Apr 7, 2021

Business

Toms “evolving” giving model alongside new youthful visual identity

In its 15th year, footwear brand Toms is moving away from its pioneering One for One giving model to a new impact strategy, which will see it donate a third of its annual net profits to grassroots organisations. The evolution of its new giving model is in response to the question it has been asking itself, “are we having the greatest impact,”...

Apr 6, 2021

Fashion

Bloomingdale’s looks to transitional menswear styles for Fall 2021

After over a year of self-isolation and working from home, fashion is ready to transition away from loungewear and back to casual styles. Yet don’t expect trends to look the same as they had pre-pandemic. Justin Berkowitz, men’s fashion director for Bloomingdale’s, advises that new ideas are influencing consumer preferences as lifestyles...

Apr 6, 2021

More News

Business

Nordstrom announces closing of 675 million dollars of unsecured notes

Nordstrom, Inc. closed on its previously announced offering of a 250 million dollar aggregate principal amount of its 2.300 percent Senior Notes due 2024 and a 425 million dollar aggregate principal amount of its 4.250 percent Senior Notes due 2031. The company will use the net proceeds from the sale of the Notes, together with cash on hand, to...

6 hours ago

Fashion

Ferragamo confirms exit of creative director Paul Andrew

Salvatore Ferragamo on Friday confirmed it isparting wayswith creative director, Paul Andrew. The Italian luxury house officially announced the British designer will leave the company in May 2021. “I was deeply inspired by the intelligence and technical mastery of Salvatore Ferragamo, a man who with his genius built the company that today bears...

6 hours ago

Fashion

Superga launches unisex collection, free from artifice

Italian sneaker brand Superga is launching a unisex called Artifact by Superga. Designed in collaboration with Japanese designer Teppei Sugaya, Artifact derives its name from the Italian equivalent, ‘Artefatto’. The range pays tribute to the 100 years of experience that Superga has in shoemaking, including its signature textured bumper that is...

14 hours ago

Retail

Mall vacancies hit record high

Retail and office vacancies keep climbing as declining physical store traffic has led to store closures. Vacancies have hit a record at 11.4 percent, a 90-basis-point-jump from the previous quarter according to Moody’s Analytics REIS. The news was reported by Retail Dive. Regional and super-regional mall saw a .4 percent uptick year over year,...

Apr 8, 2021