Fashion
Katrin Ley from Fashion for Good: shifting the fashion industry towards circularity by championing innovations
We spoke to Katrin Ley, Managing Director at Fashion for Good, a global platform for innovation. Among other topics, we talked about how Fashion for Good is driving circularity in the fashion and footwear industries through a collaborative approach
Kering leads the fashion industry with science-based targets for nature
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain
Mango reaches US expansion goals ahead of schedule
The Spanish fashion group has reached its goal of having 40 of its stores in the US by the end of 2024 ahead of schedule and even plans to surpass it with 42 stores open by the end of the year
Capri reshuffles Michael Kors leadership team
Capri’s CEO John D. Idol will assume the additional role of CEO of Michael Kors, succeeding Cedric Wilmotte. Philippa Newman has been promoted to Chief Product Officer of the brand
AAFA calls on ILA and USMX to resume negotiations
The trade body is calling on the ILA and the USMX to negotiate to avoid a strike that would further disrupt the East and Gulf Coast ports in an already challenging global supply chain environment
Giovanna Ceolini elected as the new President of the Confindustria Accessori Moda
Confindustria Accessori Moda, the federation of the Italian footwear, leather goods, fur and tanning sectors, has elected Giovanna Ceolini as its new President
Primark ends full year on growth path
Primark’s parent company reported solid results for its latest full year. Sales at the fashion retailer grew by 6% year-on-year, underpinned by solid performances in key growth markets
Japan Retail: the picture is unclear for both consumers and retailers
Contrary to what was suggested in our previous flash, fashion retail sales have fallen sharply since April, by a total of 22.8%, while total retail sales have remained somewhat stable. In this context, the low footwear inflation in Japan, now close to 0%, tends to indicate a lack of demand. Perhaps the growth in consumer spending and tourism will help to turn the situation around, especially given the falling yen in September. However, for now, the future remains unclear for all
SEEK launches new concept in response to new market needs
The streetwear-focused SEEK exhibition has announced a new solution-focused and adaptable concept in response to new market needs. The next edition will take place throughout January 2025
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Zalando raises full year guidance after strong third quarter results
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
UK Retail: good signs for the run-up to Christmas
The cold weather in July did not bring good news for the UK retail sector, but the following two months spiced things up again. Fashion retail sales appear to be back on track with the wider economy, as continued falling inflation has led to lower prices. Consumers are still reluctant to spend given the difficulties of recent years, but the challenge for retailers is now to keep up and not fall behind again in order to boost demand in the months leading to Christmas
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
Quality is a big draw for second-hand buyers
More than half of consumers surveyed for the 2024 OfferUp Recommerce Report believe that used apparel items are generally of better quality than new items sold in stores today-
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