BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
The needs, desires and intentions of consumers have become important pieces of legislation in the false democracy of fashion, evolving at dizzying speeds and enlisting an army of fools.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported first-quarter profit that fell more than analysts anticipated as the company invested in expansion and sales fell short of its expectations.
Is idealised imagery a necessary part of communicating the dream of fashion? Or should brands project a more realistic image of women?
BoF editor-in-chief Imran Amed recaps the week’s top developments in the business of fashion.
STOCKHOLM, Sweden -- Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported sales that dropped more than analysts anticipated. Revenue from stores and operations open at least a year dropped 3 percent, the Stockholm-based company said today, exceeding the SME consensus of a 1.9 percent drop.
H&M’s new Internet-inspired retail concept on Regent Street offers women a complete lifestyle brand at affordable prices.
LONDON, United Kingdom — According to an estimate released this week by Credit Suisse, Inditex, the Spanish company that owns ‘fast fashion’ giant Zara, will achieve online sales of over 600 million euros in 2013, almost double that of 2012, the results of which will be announced next week.
John Galliano in court to challenge dismissal from Dior and label (Telegraph) “Galliano appeared at a hearing at the conseil de prud’hommes (France’s equivalent to an employment tribunal) in Paris yesterday. His lawyer claimed victory after the court ruled it was qualified to hear the 52-year-old designer’s claims against his dismissal of creative director of Christian Dior in March 2011.”
Expansion costs hit H&M earnings (Reuters) “Hennes & Mauritz, the world’s No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex.” British-made fashion is back in business (Guardian) “The unique selling point of these products is, of course, that they are Made in Britain,
Op-Ed | Fashion’s Unsung Internet Forums (Opinion) “Much has been written about the rise of independent fashion blogs as both influential voices and viable businesses. But much less discussed are fashion-focused discussion sites, or forums, the Internet’s original hubs for independent fashion commentary.” Market Pulse | On Holidays (Market Pulse) “Neither the Savigny Luxury Index (“SLI”) nor the MSCI World Index
H&M to launch new concept stores in Spring (Reuters) “World number two fashion retailer Hennes & Mauritz will launch an eagerly-awaited new chain of stores targeting women shoppers in the Spring, it said on Wednesday.” Jason Wu’s New Contemporary Label Miss Wu Is Already a Hit (Daily Beast) “Miss Wu is a departure for the designer, now 30, who emigrated from Taiwan at age 9, launched his namesake label in