Articles by Don-Alvin Adegeest
Rolex's latest price increase signals industry-wide cost pressures
loading... - Business
Rolex's latest price increases, reaching up to 8 percent on some models, signal a broader industry challenge as precious metal costs continue to pressure luxury watchmakers' margins. The move comes as gold prices maintain their upward trajectory, forcing high-end watch and jewellery manufacturers to reassess their pricing strategies. Last year...
California strengthens retail crime laws in boost for fashion retailers
loading... - Retail
California has enacted sweeping legislation to combat retail theft, introducing measures that could provide significant relief for fashion retailers operating in the state. The comprehensive package, which took effect January 1st, represents the most substantial reform of its kind in the state's modern history. Key provisions include the ability...
UK retail footfall ends 2024 on subdued note
loading... - Retail
Retail footfall in the UK continued its downward trajectory in December, marking the second consecutive year of decline for brick-and-mortar retail traffic. Total footfall fell 2.2 percent year-on-year in December, though this represented an improvement from November's 4.5 percent decline, partly due to the shifted timing of Black Friday between...
No time to rest: How fashion's calendar defies traditional business cycles
loading... - Fashion | Opinion
The fashion industry's notorious calendar, operating round the clock, shows no signs of deceleration even during traditional downtimes. While most sectors wind down for year-end reflection, fashion houses, particularly in menswear, find themselves caught in an unyielding cycle of preparation and presentation. According to Fashion Roundtable...
Fashioning a better future for 2025
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As we step into 2025, the fashion industry stands at a pivotal crossroads. The past decade has witnessed a seismic shift in consumer expectations, technological advancements, and the urgent call for sustainability. These forces have converged to challenge fashion to not just create beauty, but to redefine its purpose and impact. To imagine a...
2024 retail woes: 170,000 jobs lost, worse predicted ahead
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The UK retail sector has faced yet another challenging year, with nearly 170,000 shop workers losing their jobs in 2024, according to data published this week by the Centre for Retail Research (CRR). The organisation reported that 13,479 stores shuttered operations between January and December, culminating in 169,395 job losses. The outlook for...
Fashion’s finest honoured in New Year List: A celebration of innovation and sustainability
loading... - People
The New Year Honours list, unveiled this week, spotlights luminaries from the fashion and retail world, celebrating a spectrum of achievements spanning business acumen and sustainability-driven innovation. The annual tradition, designed to commend extraordinary contributions to society, has resonated deeply within the fashion sector this year,...
Digital speech and fashion's new regulatory landscape
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In the evolving landscape of digital communication, the European Union and the United States have adopted distinct approaches to content moderation on social media platforms, with significant implications for industries reliant on digital advertising, including fashion. The EU has implemented stringent regulations to combat disinformation and...
Brand Beckham hits new heights as empire expansion pays off
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The transformation of David and Victoria Beckham from sports and pop culture icons into global business powerhouses reached new milestones in 2024, with significant financial returns validating their strategic brand diversification. DRJB Holdings, the company behind David Beckham's commercial ventures, distributed 124m dollars in dividends,...
How Walmart’s Birkin-esque handbag sparked a viral sensation
loading... - Fashion
In the world of high fashion, few accessories command as much attention—or aspiration—as the Hermès Birkin bag. Prized for its exclusivity, craftsmanship, and astronomical price tag that starts in the five figures, the Birkin has become a status symbol for the elite. Yet, an unexpected contender has entered the fray: a 78 dollar bag sold on...