Fashion

Puzzleware: The importance of kid’s involvement in garment creation

Children and their position in fashion is an element that is often easily overlooked in a world that is dominated by adult-centred creation. However, a new wave of DIY trends has sparked a revival of at-home crafts that gets people of all ages busy. Maija Nygren is one of those who has fully integrated this trend into her one-woman design...

1 hour ago

Management

Savage x Fenty secures 125 million dollars in funding as it opens first store

Savage X Fenty, the inclusive lingerie brand founded by pop star Rihanna, has reportedly secured 125 million dollars in fresh funding. It comes via a Series C funding round led by Neuberger Berman, along with participation from previous investors L Catterton, Avenir, Sunley House Capital, Advent International, and Jay Z’s Marcy Venture Partners,...

2 hours ago

Management

Victoria’s Secret sells 49 percent of China business in joint venture

Victoria’s Secret & Co has sold 49 percent of its China business to Hong Kong-based lingerie company Regina Miracle for 45 million dollars in cash. The two companies have formed a joint venture that aims to help Victoria’s Secret expand in the Chinese market. Under the joint venture, Regina Miracle will operate all Victoria’s Secret stores and...

4 hours ago

Retail

Fashion's biggest takeaways from a year on Roblox

Roblox, the online gaming platform and game creation system, has had a record year. Its global community grew from 32.6 million to nearly 50 million daily active users across 180 countries with the median daily active user visiting 55 unique experiences over the course of 2021. The fashion industry got on board, too, with users looking for...

5 hours ago

Management

Levi Strauss beats Q4 revenue estimates, expects strong 2022

Levi Strauss has beaten analysts’ fourth-quarter revenue estimates thanks to strong global demand for denim. The US giant reported net revenue of 1.7 billion dollars in the quarter ended November 28, representing growth of 22 percent compared to the same quarter a year ago, and 7 percent compared to two years ago, prior to the pandemic. Analysts...

5 hours ago

Fashion

Tech companies bullish but consumers still uninterested in metaverse

Lately the metaverse has been dominating industry news, combined with what seems like an explosive interest in the value of NFTs. You’d be forgiven for thinking that the virtual reality of stepping into these digital 3D universes as if they were walk-in closets is approaching an everyday reality. According to new market research by fashtech...

12 hours ago

Retail

Cost of returns soars to 761 billion dollars

Retailers expect more than 761 billion dollars of unwanted merchandise sold last year to be returned by consumers, according to a report released by the National Retail Federation (NRF) and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to 4.583 trillion dollars in 2021. “As total retail...

22 hours ago

Fashion

London Fashion Week releases AW22 schedule

The British Fashion Council has unveiled the autumn/winter 2022 schedule for London Fashion Week, taking place from February 18 to 22. The February edition is being billed as a digital-physical hybrid event, showcasing both womenswear and menswear brands, with the schedule currently including 131 confirmed participating designers/organisations....

Jan 26, 2022

More News

Business

Swiss watch exports tick up to record level in 2021

Zurich - Swiss watch exports rebounded sharply in 2021, breaking the record set in 2014 by rising to nearly 22.3 billion Swiss francs (24.1 billiondollars, 21.5 billion euros), the industry federation announced Thursday. Amid a strong recovery in the luxury sector, watch exports were up 2.7 percent compared to their pre-pandemic level in 2019,...

1 hour ago

Fashion

PETA expresses anger over Chanel’s use of horse in show

Following Chanel’s autumn/winter 2022 shows, the luxury house has seen a significant amount of criticism regarding its use of a horse in the event. To open the label’s haute couture show in Paris, the Princess of Hanover and Chanel ambassador, Charlotte Casiraghi, took to the runway on horseback sporting a black tweed jacket. Much of the...

1 hour ago

Fashion

Hugo Boss reveals global campaigns for brands as part of identity refresh

Hugo Boss has launched two star-studded campaigns for its brands Boss and Hugo, as it begins to take steps towards a “historic” brand refresh. It comes as Boss introduced a new logo along with a complete rebrand across all consumer touchpoints, with the details partially revealed during a recent partnership with Austrian ski tournament,...

3 hours ago

Retail

Scotch and Soda expands China retail network

Dutch fashion brand Scotch and Soda has expanded its retail network in China with the opening of its first flagship store in Shanghai’s Xintiandi district. The store opening is part of the brand’s growth strategy in the market, for which it has stated plans to continue this expansion over the next few months. Additionally, it has announced two...

4 hours ago