US Retailers Tiptoe Into the Holiday Season Blind and Weary | News & Analysis

NEW YORK, United States — US retailers are used to mapping out the year-end holiday shopping season meticulously, picking out merchandise and discounts months beforehand. But in 2020, they’re flying blind. As Covid-19 continues to throttle the economy, generating volatile spikes and declines in consumer demand, companies are betting it’s better to keep inventories lean than risk being saddled with excess merchandise. “I would actually rather leave a sale on the table — miss a sale — because we don’t have product, than to have a glut of product that you…

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Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO | News & Analysis

HONG KONG, China — Fashion conglomerate Shandong Ruyi, best known for its ambition to be the LVMH of China, has brushed aside a sale of textile maker Lycra proposed by Lycra’s creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters. Debt-laden Shandong Ruyi Technology Group bought control of The Lycra Company from US conglomerate Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal. Lycra’s weakening financial performance has prompted some of its creditors to hire restructuring firm Alvarez…

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How to Build a Sustainable Fashion Brand: Masterclass 1 of 5 — The Baseline | News & Analysis, BoF Professional

In this brand new member-exclusive online learning series, you will learn how to build a better fashion brand across the value chain, from design decisions to buying and manufacturing, and the key metrics for measuring success. Masterclass 1: The Baseline, with Better Work’s Tara Rangarajan and sustainability consultant Michael Sadowski, hosted by Sarah Kent. What exactly is a sustainable business? How do you establish a business model that is responsible to people and the planet and still turns a profit? Episode one establishes the baseline for responsible and sustainable business…

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Tim Blanks’ Top Fashion Shows of All-Time: Junya Watanabe Men’s Autumn/Winter 2006 | Fashion Show Review, Tim’s Take, Tim Blanks’ Top Fashion Shows of All-Time

Among this week’s responses to the pandemic was the arrival on my laptop of Junya Watanabe’s Spring/Summer 2021 men’s collection in the guise of something called a “Co-ordination Manual.” In place of his usual posse of raffish individuals ambling casually up and down a catwalk in Paris, Watanabe commissioned Keizo Kitajima to photograph thirteen artisanal types in Tokyo, their “authenticity and humility” intended as an antidote to the chaos and uncertainty of our new now. The criterion was “interesting occupations.” A samurai swordsmith, a bonsai master, an organ builder surely…

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The BoF Podcast: Tackling Systemic Racism in the Fashion Industry | Podcasts

To subscribe to the BoF Podcast, please follow this link.  NEW YORK, United States — The anti-racism protests that erupted across the US over the last two months have brought conversations around racism in the fashion industry to the fore. In the latest #BoFLIVE event, BoF’s Lauren Sherman spoke with Harlem Fashion Row Chief Executive Brandice Daniel, Sandrine Charles Consultancy Founder Sandrine Charles as well as brand and creative consultant Henrietta Gallina about combatting systemic racism in the fashion industry. In order to implement meaningful change, brands must introduce clear, public…

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H&M Suspends Employees Who Named New Product With Racist Slur | News & Analysis

STOCKHOLM, Sweden — Hennes & Mauritz AB suspended several employees after a new hat for the Swedish retailer’s chain & Other Stories was given an internal product name that contained a racist slur. “We take the use of racially offensive language extremely seriously,” company spokesperson Ulrika Isaksson said in a statement Thursday. “While internal and external investigations are taking place, we have suspended the team and managers responsible for this area of the business.” The incident, first reported by CNN, comes two years after a controversy over a hoodie H&M advertised…

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Alt_ Market Feeds, Empowers Community Through Pop-Up Grocery

Alt_, an artist-led nonprofit organization based in Chicago, is taking on food scarcity in underserved neighborhoods one pop-up market at a time. “The medium of art is within the symbolic,” said Jon Veal, cofounder and creative director of Alt_, which aims to revitalize communities through art and culture. “Exhibitions are great, but to make a change you need more than a painting.” Since its founding in 2016, Alt_, pronounced Alt Space, has launched a variety of community-led initiatives, such as Project Stamp, a family photo day which helped reframe the…

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Power Moves | Condé Nast Entertainment Hires President From Walt Disney Company, Gucci Global Head of Diversity Departs | News & Analysis, Power Moves

LONDON, United Kingdom — BoF compiles the most important professional moves of the week. Condé Nast Entertainment hires new president from Walt Disney Company Agnes Chu, who most recently served as the senior vice president of content for Disney+, has been named president at Condé Nast’s entertainment division — a department which  produces video content across all digital, social and OTT platforms, in addition to feature films and television series. In her new role, Chu will oversee the division’s next phase of expansion, a key part of the company’s global growth…

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New Product Roundup: Healthy Indulgences, Local Offerings

RxBar has launched a new layered protein bar. The RxBar Layers bar combines the core ingredients of RxBar, egg whites, nuts, and dates with nut butter and real honey. The bar comes in two flavors: Chocolate Almond and Peanut Butter Chocolate. “Now more than ever, fans expect more from their snacks,” said Jim Murray, president of RxBar, in a statement. “They want something they can feel good about eating, but they also want something that’s decadent and delicious. We created RXBAR Layers to provide the best of both worlds and…

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Luxury Brands Are Neglecting Some of Their Most Important Customers. Why? | BoF Professional, China Decoded

SHANGHAI, China — This week, Louis Vuitton launched a men’s collection outside of Paris. It was unveiled in a major catwalk show in Shanghai’s artsy West Bund district, with a thousand invitees on hand to see not only the Spring/Summer 2021 collection from Artistic Director Virgil Abloh, but also a re-run of the label’s Fall/Winter 2020 outing. Having a thousand people come together — in person — to witness a fashion show seems an almost unimaginable luxury right now but, in Shanghai, where there has been no reported community transmission of Covid-19 for many months,…

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