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.
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The pandemic’s economic impact is radically changing the retail landscape, but for fashion, the fallout is not just financial. The crisis has amplified anger over racial injustice and financial inequality among consumers and employees, redoubling pressure on brands to adjust their operations to serve both shareholders and the greater good. Increasingly, companies must respond to demands for change from outside the boardroom.
In this week’s podcast, retail columnist Doug Stephens discusses how the fashion industry must address the systemic inequality and racism buried in its supply chain with the co-founder of UK-based ethical brand and retailer Sancho’s, Kalkidan Legesse, and the founder of brand strategy and communications advisory Kindustry, Robert Hoppenheim.
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Watch and listen to more #BoFLIVE conversations here. To contact The Business of Fashion with comments, questions or speaker ideas please e-mail podcast@businessoffashion.com.
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.