As it comes to the year’s end, businesses have started to detect the subtle light at the end of the covid tunnel. The pandemic has forced the fashion industry to adapt to a ‘new normal’ and the development in technology has contributed a significant impact to the direction fashion is progressing. Looking ahead to the not-so-near future, The...
3 hours ago
British luxury department store Harvey Nichols has become another player in the non-fungible token (NFT) sphere, with the launch of a 20,000 avatar collection and related consumer competition. The NFT avatars were made in collaboration with Rtfkt Studios’ Clone X Project, with some additions also designed by Japanese contemporary artist, Takashi...
5 hours ago
Lands’ End, Inc.,for the third quarter, reported net revenue of 375.8 million dollars, an increase of 4.4 percent from 360 million dollars in the third quarter of fiscal 2020 and an increase of 10.5 percent from 340 million dollars in the third quarter of fiscal 2019. Commenting on the third quarter trading, Jerome Griffith, chief executive...
For the third quarter, Express, Inc. said, consolidated net sales increased 47 percent to 472 million dollars, with consolidated comparable sales up 46 percent. The company said, compared to 2019, consolidated comparable sales increased by 3 percent. The company’s comparable retail sales, which includes both Express stores and ecommerce,...
The board of directors of fashion apparel retailer Express, Inc. has named Antonio J. Lucio as a Class III director, effective today. Lucio, 61, the company said in a statement, is the founder & principal of 5S Diversity and an executive fellow at the Yale University School of Management. He was previously global chief marketing officer at...
6 hours ago
The soon-to-be new owner of British department store chain Selfridges has reportedly been revealed. The current owner of the iconic retailer, the billionaire Weston family, has agreed to sell the business to Thailand’s Central Group, according to The Times. The family hopes the deal will go through before the end of the year. Selfridges hasn’t...
7 hours ago
Italian fashion house Valentino has signed a new exclusive eyewear license agreement with Switzerland-based Akoni Group for the design, manufacture and worldwide distribution of its eyewear. Valentino has signed a ten-year agreement with Akoni, which will be effective from July 2022, when the first new styles will be released to the market,...
Fast Retailing, which owns Uniqlo, has announced that it will be “advancing” its LifeWear concept to accelerate its transition to a new business model, which it states will encompass both sustainability and business growth. LifeWear is all about “everyday clothing, designed to make everyone’s life better - to create apparel that not only...
Mondottica International Group, which owns licenses for the likes of Anna Sui, Cath Kidston and Ted Baker, has announced a new membership with the United Nations (UN) Global Compact and the UN Global Compact Network UK, in an extension of its sustainability and ethical commitments. The voluntary platform looks to encourage the development and...
8 hours ago
Vionic Shoes has donated 12,000 dollars to Global Green, a nonprofit that looks to advance sustainable communities through partnerships, and heal the planet by stemming climate change. The donation was made in honour of Giving Tuesday. Vionic’s support of Global Green aligns with its commitment to sustainable footwear. Having pledged a total of...
Italian luxury brand Prada is considering an entry into the burgeoning resale scene, its marketing director and future CEO has said. “Second hand is a strategy we have been investigating for more than a year,” Lorenzo Bertelli told Reuters. “I cannot disclose too much but for sure second hand is there. We will take it as an opportunity. “It can...
Due to the specialized nature of retail and fashion, training “on the job” has always been an integral part of the industry. In some cases, this learning was informal, particularly in family run businesses, but it was also formal through apprenticeships, where young people were hired to learn a trade at an atelier with the goal for them to...
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