Business

British fashion label Amanda Wakeley falls into administration

British fashion designer Amanda Wakeley’s eponymous label has fallen into administration after failing to find a buyer, becoming the latest casualty of the Covid-19 pandemic. Joint administrators from AW Retail Limited said the company’s trading performance “suffered” due to the pandemic, in particular at its Mayfair store and concessions which...

3 hours ago

Business

36 Sustainability efforts of the fashion industry in April 2021

In April, the fashion industry continued with its sustainability efforts and especially sneaker brands like Adidas, Asics, Mr Porter and others put their best foot forward while coming up with innovative materials that are easy on the environment or getting into the afterlife of their shoes with creative recycling. Upcycling was also in vogue,...

7 hours ago

Fashion

Fall 21 trend: The ubiquitous flannel shirt

The ubiquitous flannel shirt looks set to be a star item for fall wardrobes, a unisex style with a cachet that rarely fails. From Isabel Marant to Marc Jacobs, flannel shirts are a core utility garment, with new details and sustainable updates to make it relevant for the Fall 21 season. A key item in any workwear range plan, comfort clothes and...

7 hours ago

Business

Wolford swings to profit despite drop in revenue

Austrian skinwear and hosiery specialist Wolford has swung to a profit in the shortened fiscal year from May to December despite seeing a 25 percent drop in sales. The company swung to a profit of 12.8 million euros, compared to a loss of 14.5 million euros a year earlier, aided by the sale of real estate and the change in the value of...

10 hours ago

Fashion

Fall/Winter 2021 macro theme: Integrated globalism

Though separation may have occurred in the physical world, designers and makers are seeking to reconnect us with our global community through collaborative endeavors and the promotion of a more inclusive culture. Echoing consumer’s renewed sense of community and desire to look beyond their own borders, Integrated Globalism appeals to that...

12 hours ago

Business

Farfetch Q1 revenue increase 46.4 percent

Gross merchandise value (GMV) for the first quarter increased by 304.7 million dollars at Farfetch Limited to 915.6 million dollars, representing growth of 49.9 percent. The company’s revenue increased by 153.6 million dollars to 485.1 million dollars, representing growth of 46.4 percent. The increase was primarily driven by 68.1 percent growth...

13 hours ago

Culture

Reinvention and restlessness, fashion in the 90s

Ah, the 90s. The decade belongs to a whole other century, indeed millennium. Its image is tight and ripe for exploration unlike the first two decades of the new millennium which have been a bit messy and hard to pin down. Those of us who were adults then look back on the decade with nostalgia; those who are discovering it for the first time, are...

16 hours ago

Business |

Walmart buys virtual fitting room Zeekit for an undisclosed sum

The largest world’s retailer keeps true to its commitment to growing digital with their latest acquisition: Zeekit. The Israeli-based virtual fitting room startups will help Walmart’s push into fashion and caters to online shoppers. The company published an update on their website where their U.S.’s executive vice president of apparel and...

22 hours ago

More News

Fashion

Rosie Assoulin announces partnership with HIM Co

Fashion label Rosie Assoulin has announced a new partnership with HIM Co, a leading luxury group that specializes in manufacturing and distribution. The new venture will start with the Rosie Assoulin Resort 2022 collection and aims to generate further scalability for the brand. Rosie Assoulin also plans to grow its accessories and footwear...

3 hours ago

Fashion

Halston launches limited edition collection in Netflix collaboration

American luxury brand Halston has announced a limited-edition capsule collection in collaboration with Netflix. Inspired by Netflix’s new limited series Halston, the collection Halston x Netflix will feature ten pieces of eveningwear. The collection is inspired by signature archival designs and will be available to pre-order exclusively on...

3 hours ago

Retail

H&M launches its first rental service in the US with ONE/SECOND/SUIT

Swedish fast-fashion brand H&M has launched its first-ever sustainable rental initiative in the US, called ONE/SECOND/SUIT, offering a free suit rental. The program initially launched in the UK on April 15, 2021, and is now available in the US for a trial period of three months. The initiative aims to increase confidence in a job interview...

9 hours ago

Business

Alibaba announces 1.17 billion quarterly loss following record fine

Chinese e-commerce giant Alibaba Group said Thursday it fell to a 1.17 billion dollars operational loss in its latest financial quarter due to a record fine levied by the government for anti-competitive practises. The Hangzhou-based company was fined 18.2 billion yuan (2.78 billion dollars) last month, as part of a push by regulators to rein in...

9 hours ago