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Business

26 Sustainability efforts of the fashion industry in August 2020

The fashion industry's sustainability efforts continued this month with a vengeance - 26 such initiatives were announced in August 2020 alone. Cooperations between brands were in fashion but also those industry-wide or even industry-transcending ones that are concerned with guidelines and standards. At brand and retail level, more sustainable...

4 hours ago

Business

What are the key challenges facing retailers since stores reopened?

Although retail footfall continues to rise, this recent boost to in-store shopping hasn’t, for the most part, come close to compensating for sales that migrated online. It also fails to resolve the unexpected volumes of inventory brands need to clear. Both trends only set to intensify as we approach what may be the worst recession in UK history....

8 hours ago

Business

Fashion’s Time for Change: Adapting to Lessons Learned from COVID-19

Written by Ronen Lazar, CEO of INTURN An unfortunate reality exists within the pandemic’s impact on the fashion industry. The economic fallout from store closings, supply chain disruptions and mismanaged inventory has revealed glaring structural deficiencies in fashion that require strategic change. The next six months will be more critical than...

8 hours ago

Business

US blocks imports of cotton and textiles from Xinjiang

US Customs will block certain products from Xinjiang because Washington believes they were made in the Chinese autonomous region with the help of slave labour. This is a “modern form of slavery,” said the Ministry of Homeland Security on Monday. The US Government accused China of curtailing human and civil liberties and using forced labour to...

8 hours ago

Business

The future of IT in Retail: Where data, devices and retail strategy meet

Technology is now an important part of retail business. Tapping into retail analytics data is key to ensure success. The key here is how. The Internet of things has an important contribution to make to the store of the future once retailers find suitable business cases. In the new generation of stores now emerging, retailers are increasingly...

12 hours ago

Business

Amazon to hire 100,000 workers

Business is still booming at Amazon.com Inc. The company, which was one of the few retailers to actually see business improve during coronavirus, will now be hiring an additional 100,000 employees as part of its fourth hiring spree this year. Amazon’s main e-commerce arm continues to see growing sales, and is working to keep up with increased...

Sep 14, 2020

Business

A new platform aims to bring European apparel sourcing online

As the fashion industry shifts to operating online, a new opportunity has arisen for a platform to connect suppliers and brands. The production of clothing and accessories is by far the most challenging and complicated process of the fashion cycle, and one that requires a unique set of skills. Sourcing is one of those skills, a necessity for...

Sep 14, 2020

Business

The future of IT in Retail: Where data, devices and retail strategy meet

Technology is now an important part of retail business. Tapping into retail analytics data is key to ensure success. The key here is how. The Internet of things has an important contribution to make to the store of the future once retailers find suitable business cases. In the new generation of stores now emerging, retailers are increasingly...

Sep 11, 2020

Business

Building a new retail for a new kind of shopper and store associate

Shopping has long been a highly social event. A significant cohort of people shop in-store for the gratification of the process, whether it ends with a purchase or not. Retailers, in turn, have curated their store experiences to cater to shopping as a recreational activity. Especially in recent years, store formats have transformed to be more...

Sep 11, 2020

Business

LVMH and Nicholas Kirkwood split

There's about to be one less brand in LVMH's portfolio. Business of Fashion has reported that LVMH and Nicholas Kirkwood are parting ways. Nicholas Kirkwood is taking back control of his brand after a seven year partnership between the British label and the French-owned luxury conglomerate. LVMH told Business of Fashion that "the decision was...

Sep 11, 2020

Business

J.Crew emerges from Chapter 11 bankruptcy

J.Crew Group has successfully completed its financial restructuring process and emerged from Chapter 11 well positioned for long-term growth. As part of its financial restructuring, the Company has equitized more than 1.6 billion dollars of secured indebtedness, and Anchorage Capital Group, L.L.C. has become the majority owner of the Company. To...

Sep 11, 2020

Business

RFID technology whitepaper: How stores turn into ‘Omnichannel Hubs’ and become the heart of a seamless shopping experience

Online and offline shopping belong together. Driven by the reality we are currently living in, consumer behavior is shifting rapidly and has become more digital than ever. Just to share a fun fact, experts say that we are now five years ahead of where we would normally be when it comes to the adoption of digital shopping. In this world, the...

Sep 10, 2020