Business

Store closures and low consumer demand impact VF's Q1

VF Corporation’s first quarter revenue decreased 48 percent or 47 percent in constant dollars to 1.1 billion dollars driven by store closures and lower consumer demand as a result of the Covid-19 outbreak. Gross margin decreased 340 basis points to 52.9 percent, and on an adjusted basis, gross margin decreased 220 basis points to 54.1 percent....

31 Jul 2020

Retail

Burberry blends physical and digital with first social retail store in China

Burberry has opened the doors of what it describes as “luxury’s first social retail store” in Shenzhen, China. The store, opened on Friday, aims to “blend the physical and social worlds” - a concept the British luxury label has been progressively exploring. In early July,it launched a campaignjuxtaposing a video of CGI digital avatars - one of...

31 Jul 2020

Fashion

Latest designer collection showcases and fashion week developments

As the first digital Fashion Weeks have drawn to a close, questions remain over whether virtual showcases will wholly replace the classic runway format and what will be the next steps for the industry in revitalising the fashion system post-covid. Digital vs Physical The biggest winners of the virtual fashion weeks, it seems, were the real-life...

31 Jul 2020

Business

Fashion for Good and SeaChange present ground-breaking solution to wastewater treatment

Wastewater treatment has always posed a significant challenge to manufacturers and fashion brands. Some, like the global sustainability initiative Fashion for Good, see it as an attractive opportunity for innovation. Together with its Scaling Programme start-up SeaChange Technologies, which has developed a game-changing wastewater treatment...

31 Jul 2020

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