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.
Fashion stores in eight regions, home to major cities including Paris, Lille, and Nice, will remain closed for at least a month during the country’s third shutdown for businesses deemed “non-essential.” In a statement Monday, the womenswear trade association Fédération Française du Prêt à Porter Féminin said the fashion sector had been “abandoned” by the government, and warned economy minister Bruno Le Maire that without additional support many fashion businesses would not be able to bounce back.
The French lockdown announced Thursday concerns roughly one-third of the country’s population and is aimed at slowing the spread of coronavirus as rollout of the vaccine fails to keep up with new cases and hospitalisations.
French fashion sales fell by 15 percent last year, the trade group said. Several of the country’s high street brands, including Naf Naf, Camaieu and André, filed for bankruptcy during the year.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.