Gen Z and Millennial consumers will account for two thirds of the luxury market in 2025, forcing labels to adapt their strategies to their young clientèle’s “activist” vision, said the latest study by Bain & Co.
Indian garment factories producing goods for major UK retailers are again in the news for exploiting workers and paying "shockingly low" wages, according to the ActionAid charity and a related probe by the BBC.
As calls for change in the fashion industry grow, Tuesday saw the launch of Fashion Makes Change, a brand-led community platform with a dual focus on promoting women’s empowerment and tackling the climate crisis.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
YNAP’s luxe menswear webstore Mr Porter is continuing its exclusive link-ups and has unveiled its first collab with Italian luxury label Loro Piana. The two have this week launched a 10-piece capsule collection.
As many global consumers continue to be confined to their homes and want to make those environments as comfortable as possible, H&M’s Home unit has announced a collab with US fashion designer Diane von Fürstenberg.
As suppliers in Asia continue to face great difficulties, Dutch brand C&A claims to have ensured 100% compensation for orders that were previously pending due to the Covid-19 crisis and that it has placed new orders.
On a day that included a flurry of results statement and trading updates from listed UK retailers, Joules was one of the winners as it said positive trends highlighted in an earlier update in September have continued.