Charity initiatives aiming to get consumers buying secondhand rather than new may have hurt e-fashion sales last month, a new report shows, but a final resolution to Brexit might release some pent-up demand.
Sustainable sourcing has become a strategic priority for the fashion industry, though the path towards it is long and fraught with obstacles, according to a survey by management consultancy firm McKinsey.
An ad by Japanese clothing brand Uniqlo has stirred a consumer backlash in South Korea amid accusations that it mocks victims of wartime forced labour and brothel workers, reopening wounds from Japan’s colonial past.
The denim trade show will be held in the Dutch capital on October 23-24, a chance for the sector to tackle the issue of sustainable fashion, as denim production in particular is condemned for its environmental impact.
The American sportswear company is reportedly already in the process of shuttering its brick-and-mortar stores in Russia, which have been run through a franchise deal with Moscow-based Vostok Invest since 2017.
With UK inflation at around 2%, a study predicting just a 0.8% increase in Christmas spend this year is bad news for stores. And it could be worse under a no-deal Brexit as the prediction would be scaled back to 0.2%.
Finland's Stockmann said on Monday it was seeking changes to its loan conditions to “provide sufficient time” to consider whether to sell fashion chain Lindex or pursue other strategic options for the lucrative unit.
The Canadian owner of Saks Fifth Avenue announced on Monday that, following an extensive review progress, it has entered into a definitive agreement with a group of shareholders to take the company private.