As materials, transportation and labour costs rise, putting pressure on margins, producers of fast fashion face growing challenges that only some will survive.
Topshop’s Sir Philip Green: How he became king of the High Street (BBC News) “The moment Sir Philip Green finally ‘arrived’ was in the year 2000, when he bought the dowdy British Home Stores chain for £200m and rebranded it BHS. According to Stuart Lansley, his restless mind had spotted a beguiling new way to make money from the High Street…” Spain’s Inditex posts 27 pct rise in nine-month
Op-Ed | Making The Case Against Fast Fashion Collaborations (Opinion) “These underlying commercial motives are often obscured, however, by a ubiquitous but pernicious phrase: ‘the democratisation of fashion.’ Whoever coined the term is surely the marketing genius of the 21st century. On the face of it, who can argue that ‘the democratisation of fashion’ isn’t a good thing?” Joseph Mimran’s Fresh Approach (Intelligence)
Sporty? It’s the Olympics, Stupid! (IHT) “This year has been a game changer in British attitudes toward sports, leaving behind the typical ironic and laconic talk about being ‘good losers’ and instead rejoicing in gold medal glory. So it is with fashion. While New York designers appear to be moving away from their American sportswear roots, the London summer 2013 collections are embracing dynamic
Kors Crushes Earnings: Will the Growth Continue? (Daily Finance) “Shares of design house Michael Kors popped on the open today, with the stock climbing more than 5%. The luxury-goods retailer reported fiscal fourth-quarter earnings that beat on both the top and bottom lines.” Clothing retailer Esprit’s shares slide 23 percent as CEO quits (Reuters) “Shares of Esprit Holdings Ltd fell by nearly a quarter on