August and September were eventful months in terms of more sustainable fashion. In the area of shoes, there were ground-breaking innovations such as a sneaker made out of rubber and plant oils and one out of carbon emissions. Yes, you read that right, carbon emissions can be turned into footwear now. This was also the time to go all out to save...
Resale platform StockX has announced new additions to its online offering with the launch of women’s luxury shoes. It comes as the retailer noted that more than a third of its users are women, a segment it has said is only continuing to grow. The offer will cover pieces from the likes of Chanel, Gucci, Prada and Christian Louboutin. The company...
4 Oct 2022
Social media platform TikTok is reportedly set to launch a live shopping feature in North America through a partnership with a third-party platform. The video-first app is said to be working with Los Angeles-based TalkShopLive, according to a report by the Financial Times (FT), to bring TikTok Shop to the US. While the publication noted that the...
New research by Metapack and Retail Economics has suggested that spending throughout the UK’s ‘peak’ season will take a multi-billion pound hit as consumers cut back on non-essential shopping. According to the duo’s report, British shoppers are expected to reduce their non-food spending by 4.4 billion pounds this year as the cost-of-living...
In August H&M returned to China’s e-commerce platform Tmall, a year after it had been removed after a boycott when it raised concerns regarding Xinjiang cotton and the forced labour of the Uyghur community. The extend of labour camps first came to global attention in a 2020 report by the Australian Strategic Policy Institute (ASPI). H&M was...
John Lewis has unveiled a string of refreshed sustainability commitments in its new report ‘Plan for Nature’, through which it said it is looking to double down on its pledges to protect and restore nature. In a release, the company, which also owns supermarket chain Waitrose, said it felt passionately about investing in nature restoration...
Made.com, the owner of fashion retailer Trouva, has published an update on its ongoing formal sales process, which it initially launched on September 23. The homeware company said in a release that it has now entered into non-disclosure agreements and has begun discussions with “a number of interested parties” regarding its sale. Participating...
Nike saw shares fall 9 percent after reporting its inventory grew 44 percent over last year in the first quarter of 2022. The strong dollar is hampering foreign exchanges and denting profits, including at Nike. When the dollar is high it makes the price of U.S. goods more expensive abroad. Nike must also reduce its high inventory, of which...
US department store chain Macy’s has struck a new partnership with Myntra which has seen its private brands portfolio enter the Indian market. Myntra has incorporated over 600 product options into its platform from Macy’s private brands, which include the likes of Alfani, Karen Scott, Epic Threads and Ideology. Men and women’s apparel make up...
South Korean internet giant Naver is buying Poshmark, a US online marketplace for used clothing, for roughly 1.2 billion dollars, the companies said Tuesday. The deal -- worth about 1.6 billion dollars in total when Poshmark's cash holdings are included, according to Naver -- is expected to close by the first quarter of 2023, the firms said....
Spinnova, a Finnish textile firm, has been selected as the recipient of a 1.6 million euro grant for its research and development work surrounding fibre development. Provided by Business Finland for the time period October 1, 2022, to December 31, 2024, the grant represents 50 percent of the financing for the company’s project, for which its...
LK Bennett reported a 38 percent increase in group sales to 37.7 million pounds in the year ended January 31 2022 as it recovered from the pandemic. The sales increase came despite all international markets being impacted by Covid-linked store closures in the period. Sales in its home market of the UK jumped 53 percent during the year despite 71...
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