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 American department store group will stop selling products containing animal fur on its Neiman Marcus and Bergdorf Goodman stores and websites by early 2023, it announced on June 30.
This means shutting down the group’s fur salons; Neiman Marcus operates 21, while Bergdorf’s has one.
Covid-19 sent demand for the already-struggling fur category down a steep decline, according to the trade group International Fur Federation. Neiman Marcus joins a growing slate of US brands and retailers going fur free. Just last week, outerwear brand Canada Goose announced it would phase out fur. In recent years, Macy’s, Bloomingdale’s, Nordstrom and Saks Fifth Avenue have also gone fur free.
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.