The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The ultra-fast fashion brand has given its suppliers based in the British city until March 5 to “bring all finished goods manufacturing in-house,” according to a report by the BBC, leaving some facilities concerned about the cost of meeting these demands within a month and the loss of work for subcontractors that typically make up part of the supply chain. This new requirement follows the recommendations of a September 2020 report on Boohoo’s supply chain practices, launched after the company was accused of using suppliers that underpaid workers in unsafe conditions during the first coronavirus lockdown in England.
When reached for comment, Boohoo said that the move “shortens our supply chain and is just one of the ways that we are helping [suppliers] to build stronger more sustainable businesses that can thrive and create more UK manufacturing jobs.” The company did not disclose how it is supporting its suppliers to make this change.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.