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.
In honour of Black History Month, Facebook, Inc., is spotlighting Black-owned brands on its platforms, a follow-up to its #BuyBlack Friday live show last year, which drew more than 15 million viewers on Facebook.com.
Alongside a feature on Facebook and Instagram’s “Shop” tabs that live within their apps, consumers will be able to discover Black-owned brands on Instagram’s @Shop account, which serves as a mini-magazine, promoting smaller labels and independent designers.
Black History Month is set to mark another surge in promotion of Black-owned brands, many of which experienced an uptick in sales in reaction to the civil rights protests last summer. Other initiatives, including the 15 Percent Pledge, aim to sustain that bump by encouraging retailers to commit to carrying a certain percentage of Black-owned brands indefinitely.
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.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.