French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals. Kering, which also owns Saint Laurent, beat market expectations as its comparable sales were nearly unchanged in the third quarter from a year earlier.
Friday, 23 October 2020
Kingpins24 Amsterdam, the digital-only denim supply chain event from denim trade show Kingpins, has unveiled its complete speaker roster and Livestream program for its four-day digital event. Scheduled for October 27 through October 30, the virtual trade show is set to offer "a robust and flexible digital showroom platform equipped with purpose-built tools designed to give denim mills an ideal space to present their collections and engage in effective storytelling," and space "where buyers can conveniently source from in a unified environment," Kingpins said.
Iconic New York-based fashion group Ralph Lauren Corporation has teamed up with non-profit Parity.org and a group of industry peers, including PVH Corp., Lacoste, Tiffany & Co., and Movado Group Inc., to reveal a new roadmap for achieving gender parity in the fashion sector.As explained in a paper entitled “Unlocking Gender Parity in Fashion,” the new roadmap outlines step-by-step methods that can be implemented by companies to make measurable progress in achieving gender parity and pay equality across all levels of their organizations.
PVH-owned brand Calvin Klein has named Linh Peters as its new global chief marketing officer, effective November 2. In the role, Peters will drive brand experience, product marketing, and data-driven marketing innovation for the Calvin Klein brand globally. She will also oversee all aspects of Calvin Klein’s consumer marketing organization.
Gap Inc. unveiled at a virtual investor meeting on Thursday that it expects to return to profitable growth next year, with plans to double the sales of its Athleta business to $2 billion over the next few years. The retail giant behind Gap, Old Navy, and the Banana Republic, said it plans to open approximately 100 Athleta stores in the U.S, as part of its 'Power Plan 2023' strategy. The group currently operates close to 200 locations.
Thursday, 22 October 2020
London destination store Browns is celebrating its 50th anniversary with a major campaign, a raft of exclusives, a website revamp and lots more activity to mark the influential store’s half-century. But the anniversary won’t yet see the opening of the firm’s new Brook Street flagship as it relocates from its 50-year South Molton Street home.
After Chanel, Gucci, and Kering, Prada too has introduced the role of chief diversity, equity, and inclusion officer. The Italian luxury label has poached Malika Savell from LVMH, naming her to the newly created position for its North American subsidiary. Savell will report to Marcelo Noschese, CEO of Prada USA, but her remit will cover the Prada group as a whole.
Hermès' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues. Luxury goods makers were hit hard by store closures during lockdowns to combat the coronavirus pandemic and sales for the industry as a whole are expected to fall by up to 35% this year - an unprecedented plunge after a decade of stellar growth.
Amazon.com Inc said on Thursday it has invested $100 million (76 million pounds) in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries. The new sites include two so-called fulfillment centers - one near the northern city of Monterrey and another near the central city of Guadalajara - as well as a support building in the State of Mexico, just outside Mexico City.
As the world continues to deal with the mega-shock that the pandemic has delivered, the fashion sector and related industries continue to deliver surprises too, with the latest on Thursday being a report that Adidas is planning to sell its Reebok division. But perhaps it’s less of a surprise given that the unit has underperformed for some time and has been a drain on the more successful Adidas branded operation. Investors have been pressuring Adidas to dispose of it for and the parent firm’s shares rose after the report appeared.
Tuesday, 20 October 2020
Spanish clothing chain Zara opened on Friday a new store in Beijing. The new shop is the largest in Asia, reported local media outlet Beijing Daily. Spreading over 3,500 sq m across four floors, the megastore is located on the busy Wangfujing Street, one of the most famous shopping streets in Beijing.
Protesters shot as demonstrations against police brutality continue in Lagos, Nigeria, BBC News Africa reports
BBC News Africa, Bloomberg and other outlets are reporting that a number of protesters have been killed or injured in the Nigerian city on Tuesday. The ongoing demonstrations, which have been taking place for more than two weeks, began with a call to end the recently-dissolved Special Anti-Robbery Squad (SARS), which the government has pledged to investigate for brutality and human rights violations. Lagos and other cities are currently under a 24-hour curfew.
Integrated into SMCP Group’s portfolio a year ago, menswear brand De Fursac is beginning to expand outside of France. The brand opened its first store in London on September 26, an 80-square-meter boutique located at 11-13 Duke of York Square in the London borough of Chelsea.
Menomonee Falls, Wisconsin-based department store company Kohl's will bring Cole Haan accessories and footwear to select Kohl's stores and online at Kohls.com, beginning in spring 2021. The partnership will bring an assortment of both men's and women's styles to 200 Kohl's stores, with an expanded assortment available online. Footwear will include styles across all categories, including casual, dress, seasonal and sport styles -- tapping into Kohl's growing activewear category, which has come to account for about 20% of the company's total sales.
Bangladesh garment factory owner Shahidullah Azim laid off 20% of his workers in the wake of the first wave of the coronavirus pandemic. Now watching the second wave build in Europe and the United States, Azim is staring at "an unprecedented crisis"He's not alone. Bangladesh is the world's second-largest apparel producer after China, but its industry leaders say international retailers are either refraining from placing orders, delaying buying decisions or demanding steep price cuts.
Sunday, 18 October 2020
One brand keeping very busy despite the pandemic is Amiri, which opened its debut boutique last week on Rodeo Drive, and followed that up with a Friday morning show in Los Angeles. In the past few seasons, Mike Amiri has shown in Paris, but this season saw him in the Sheats-Goldstein Residence in the hills of Beverly Hills.
Opening the 9.49-minute show video with overalls, tank and reading glasses, the model posed at the pool of the famed location, before slinging on a Saigon soldier bomber jacket.
Caleres, the parent company of Famous Footwear, Sam Edelman and Dr. Scholl’s Shoes, announced on Thursday that it has named Amy Hunter as its new vice president of diversity, equity and inclusion, effective October 21.In her new role, Hunter will drive the development and implementation of the St. Louis, Missouri-based footwear company’s diversity, equity and inclusion strategy, a responsibility that will include overseeing the group’s affirmative action plans.
The Estée Lauder Companies has announced that Dennis McEniry, president of ELC’s online division and a 20-year veteran of the company, will retire at the end of this calendar year. McEniry joined ELC as vice president of technology, in 2001, when its e-commerce platform -- first launched in 1996 -- was still in its early stages. He became the first-ever president of ELC online in 2003, and is credited by the company with expanding ELC online from just four U.S.-based websites to a global presence in more than 50 countries; 350 brand.com sites; 80 brand boutiques on platforms like China's online B2C retailer Tmall; and 1,700 retailer.com doors.
Amazon announced on Friday plans to open two new fulfillment centers in Kansas, as well as a new delivery station, which will open in the city of Wichita. Both fulfillment centers are expected to open in 2021, which will lead to the creation of over 1,000 new full-time jobs, while the delivery station is expected to launch later this year.
Tuesday, 13 October 2020
Amazon.com Inc on Tuesday began 48 hours of promotions as part of "Prime Day," a closely watched marketing event the company had postponed due to operational challenges from the coronavirus pandemic. The event, typically held in July to boost summer sales, is now a kickoff to what will be an earlier holiday shopping season. The member-only discounts are a key way Amazon markets Prime, a fast-shipping and media-streaming service that incentivizes subscribers to do more shopping on Amazon.