WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
NEW YORK, United States — Marty Hamamoto wouldn’t have dreamed of shopping for clothes with her mother when she was younger. Her own daughter actually looks forward to it.
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
SEATTLE, United States — Nordstrom Inc. dropped after the department-store chain posted first-quarter revenue that trailed analysts’ estimates and cut its sales forecast for the year.
Longchamp: A long way from pipes in Paris (Independent) “Longchamp’s signature product is a handbag seen on the arms of hundreds of women everywhere from London to Sao Paulo and Singapore. Its Le Pliage foldable handbags launched in 1993 and the company still sells three million of them every year, helping to explain a recent 22 per cent growth in group sales. Despite its products being a common sight among the masses,
The Fancy’s E-Commerce Expansion Continues (TechCrunch) “This week, New York-based The Fancy, a Pinterest-like site with a focus on not just browsing, but buying from its collection of inspirational imagery… The ‘Buy’ button is targeted at bloggers and other publishers, not online merchants or e-commerce sites, of course.” Qatari royal family buys Italian fashion house Valentino (Reuters) “Iconic
Nasty Gal’s Sophia Amoruso: Fashion’s New Phenom (Forbes) “In four years her spunky retail fashion site has streaked across the Web, pushing new ways to sell trendy but inexpensive clothing. The company is on its way to quadrupling sales this year to $128 million, racking up gross margins of more than 60%, up there with retail’s most profitable ventures.” Get Ready for Action (NY Times) “With a sneaker
Jil Sander Gets Her Groove Back (On the Runway) “‘Don’t ask me why,’’ Jil Sander said with a laugh on Tuesday, when asked why she had decided, at age 68, to leave a comfortable retirement and return to the fashion fray.” Refinery29 Launching R29 Shop (WWD) “Up until now, Refinery29’s business model has relied heavily upon advertising to drive revenue, with approximately 80 percent of it coming from ads
Prada to Add 260 Shops in 3 Years on Demand From BRICs (BusinessWeek) “Prada, the Italian fashion company that owns the Miu Miu and Church’s brands, plans to add 260 stores in the next three years to tap demand in emerging markets including Brazil, China and Persian Gulf countries.” Asos fashion retailer’s top managers reap £66m payout (Guardian) “Seven top managers of online fashion retailer Asos are being
Stores Go Online to Find a Perfect Fit (NY Times) “When Andy Dunn helped start Bonobos five years ago, he wanted to shake up the retail industry with a men’s wear brand exclusively sold online. Now Mr. Dunn, 33, is embracing the brick-and-mortar model, striking a partnership with Nordstrom. It is a symbiotic deal. Bonobos will get $16.4 million in cash and more than 100 stores to sell its clothes, while Nordstrom will get
NEW YORK, United States — Today, rapid innovation in consumer technologies and accelerating adoption rates are driving explosive growth of new devices and platforms — from iPads and gaming consoles to web-connected cars and internet-enabled TVs — putting pressure on brands to design and support a diverse and fast proliferating array of digital touchpoints. Keeping pace with consumers means thinking beyond the web browser. The days
A London Design Maverick as a Pragmatist (On the Runway) “Thomas Tait was in New York last week for London Showrooms, a presentation of young British fashion talent. Actually, Mr. Tait is Canadian, educated at a technical school in Montreal. In 2010, he completed the master’s program in women’s wear at Central Saint Martins in London, whereupon he joined that distinguished race known as the Young Fashion Designer.”
The Discreet Charm of Akris (WSJ) “Perhaps it is Kriemler’s understated, reluctant approach to anything overt or loud—fashionable or otherwise—that attracts women as powerful and talented as Condoleezza Rice, Angelina Jolie, Susan Sarandon and Nicole Kidman to his clothes… Kriemler works extensively with artisans from Akris’s hometown of St. Gallen. The town is renown in the business for its skilled