Fashion

Do men's ties still sell?

The tie. For centuries, it has been a staple of American menswear, and no formal look or business attire was complete without one. Even perfecting an excellent tie knot, to this day, is considered a refined art form. However, as office dress codes have become laxer, and after surviving a global pandemic where workwear included at-home sweat...

8 hours ago

Fashion

Instagram, after a backlash, pauses changes to its algorithm

The cute little square photo app that made Instagram a classic amongst the social media platforms no longer exists. Instagram’s best loved feature has morphed into one giant video reel with an algorithm bent on showing newness to users. Feeds are no longer dominated with content from followed users, but from third parties and other users, that...

10 hours ago

Business

Holzweiler secures significant investment from Sequoia Capital China

Contemporary Norwegian fashion and lifestyle brand Holzweiler has secured backing from venture firm Sequoia Capital China, supported by Carnegie Investment Banking, to help accelerate its global ambitions. The family-run label, founded in 2012 by siblings Andreas and Susanne Holzweiler, said that the strategic partnership with Sequoia Capital...

16 hours ago

Business |Background

Gore-Tex: The new membrane and what Greenpeace has to do with it

When the first products with the new, more sustainable ePE membrane from Gore-Tex hit the market in autumn, the world leader for waterproof functional fabrics and with it the entire outdoor industry would have made a real U-turn. Or wouldn’t it? PTFE is Gore-Tex’s main module To understand that the development of this new, more sustainable ePE...

18 hours ago

Business

Next in talks to snap up stake in Joules

British lifestyle group Joules has confirmed it is in talks with Next about a potential equity investment. It follows a report on Saturday by Sky News that said high street giant Next was in detailed negotiations about buying a 25 percent stake in Joules. Joules said in a statement Sunday: “Joules confirms that it is in discussions with Next Plc...

19 hours ago

Retail

Does the middle market fashion consumer still exist?

New York - In their heyday, middle market mall brands reigned as royalty in American fashion and retail. The Gaps, Banana Republics, and J. Crews of the world were go-to apparel stores for those looking for everything from something casual to hang out with their friends to more formalwear in the case of Banana Republic and J. Crew. In the rising...

5 Aug 2022

Business

Will a new open-source marketplace revolutionise direct to consumer platforms?

Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...

5 Aug 2022

Business

Yeezy Gap engineered by Balenciaga arrives in physical stores

The collaboration between Kanye West and Balenciaga arrives in stores at the Gap as the American brand changes direction. Will the Kanye West effect save Gap? In any case, the American brand has found a jump start. In one year, thanks to a partnership with the superstar, Gap regains some of its luster lost since the late 90s, revolutionizing its...

5 Aug 2022

More News

Retail

Sports Direct opens new store in Preston

Sports Direct has opened a 35,000 square foot store at Deepdale Shopping Park in Preston, Lancashire. The new store, which opened on August 6, houses a Sports Direct, as well as USC, Evans Cycles, Game, and a Belong esports arena. James France, group head of real estate at Frasers Group, said in a release: “With each new store opening, we...

12 hours ago

Business

One of Boohoo's top investors halves its stake

Boohoo’s share price has fallen over 75 percent in the past year. In a latest blow, one of its biggest shareholders reduced its stake by 50 percent. T. Rowe Price International, an investment management company, took a 10 per cent stake in Boohoo last September. In less than one year the company offloaded its stake to just under 5 percent. T....

15 hours ago

Business

Next to face HMRC investigation following payroll issues

Next is set to face an investigation by the UK’s tax authority after the introduction of a new payroll system saw thousands of its employees receive incorrect salary payments. HM Revenue & Customs (HMRC) will be looking into whether Next had paid some of its staff less than the UK’s minimum wage, according to The Sunday Times, which had...

16 hours ago

Retail

Kohl’s partners with Buffalo David Bitton to expand premium denim offer

Department store chain Kohl’s has established a new partnership with Buffalo David Bitton, building on its efforts to bring more premium denim offerings to its stores. Pieces by the Iconix-owned brand will be available throughout January 2023 in 600 stores and through the retailer’s online e-commerce site. The new addition comes as part of Kohl’...

17 hours ago