Ever wondered who actually makes your clothes and how fashion's supply chain impacts workers' lives? This deep dive unpacks how fashion production works and explores what’s needed for meaningful change in the industry. FashionUnited interviewed Kim van der Weerd, a former factory manager with a background in human rights, who advocates for a...
Nov 21, 2024
London-based AI-powered inventory management platform Autone, which helps retailers predict demand, reduce waste and increase sales, has raised 17 million US dollars in Series A funding. The round was led by General Catalyst, alongside all existing investors from its seed round, including Speedinvest, YCombinator, Seedcamp, 2100VC, Motier,...
Oct 16, 2024
Attention fashion brands and retailers: how you can use Artificial Intelligence to make your business more intelligent and/or efficient “Artificial intelligence (AI) can make the fashion industry smarter,” said Matthew Drinkwater, head of the Fashion Innovation Agency at the London College of Fashion and specialist in new technologies and their...
Sep 2, 2024
Radar, the AI-powered technology platform that combines RFID and “computer vision technology” to track and locate in-store inventory, has appointed Zach Little as its new chief technology officer. Little, an Apple and Microsoft veteran with over two decades of experience will oversee all Radar product development initiatives. He will report...
Jul 24, 2024
The issue of excess inventory is commonly associated with fast fashion and ultra-fast fashion retailers due to their rapid production cycles and the need to constantly introduce new styles. However luxury companies are similarly struggling with substantial amounts of unsold stock, proving the situation is no longer exclusive to the lower end of...
Mar 12, 2024
What do Nike, Nordstrom, Amazon, Target and Levi Strauss have in common? Large inventories that continue to be discounted after Christmas in order to lower the stock glut. Target is a prime example with its latest bold promotional event, aptly called the “Target Clearance Run”, offering up to 50 percent of on certain categories. Substantial...
Dec 29, 2022
The main concern for high-street fashion brands in late 2021 and the first half of 2022 was to find enough clothes to sell, as demand was heating up in Europe, while key manufacturing hubs in Asia were under strict restrictions to curb their Covid-19 waves. However, the situation is drastically different today, with many of the key fashion...
Oct 19, 2022
America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...
Aug 4, 2022
Shifts in consumer behaviour are difficult to forecast, with many largescale retailers facing excess inventory this season. As shoppers shifted from buying into comfortable fashion categories that were high in demand during lockdowns, retailers needed to have invested into occasionwear as much as casualwear, less on homeware and perhaps more on...
Jun 8, 2022
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...
Sep 15, 2020
New York-based fashion designer Mischa Nonoo, in an op-ed penned in business publication Fortune, claims fashion businesses are no longer a worthwhile investment. She has a point. The global luxury market faced an unprecedented hit in Q2, showing even robust businesses like LVMH and Kering are facing startling revenue drops. While the world...
Aug 12, 2020
The fashion industry clearly has a problem with overproduction. In March, fast fashion powerhouse H&M reported to be sitting on a pile of no less than 4.3 billion US dollars worth of unsold inventory. A few months later, UK luxury label Burberry received backlash for reportedly destroying finished products worth 28.6 million pounds...
Dec 12, 2018
