Brick-and-mortar retailers are divided over impending recession In the retail sector, opinions on the likelihood of a recession are greatly divided. While some big retailers like Walmart and Target have already felt the sting of recessionary economic activity, others are more confident in retail's future.
Sunrise Brands plots the comeback of Joie, Equipment and Current/Elliott In July 2021, The Collected Group and all three brands were acquired by Sunrise Brands, the holding company that also acquired Rebecca Minkoff in February. Now, Sunrise is working to bring the three brands back to their former glory.
Weekend Briefing: H&M’s labeling controversy highlights the persistence of greenwashing Last week, a scandal involving H&M’s sustainable product labels presented one of the best reasons to be skeptical of sustainability claims. Additionally, we covered a variety of ways the fashion and beauty industries are responding to the Supreme Court’s overruling of Roe v. Wade, and we’ll continue to cover the...
Week in Review: Marc Jacobs, greenwashing and StockX layoffs This week, Marc Jacobs held a show at the New York Public Library, showcasing the ways the brand has stuck to tradition while growing and flourishing. Elsewhere, controversy around how the Sustainable Apparel Coalition communicates sustainability led to the group pausing its labeling efforts, and StockX laid off 8% of...
Companies are offering to cover abortion-related travel expenses to employees, but with strings attached Starbucks, Amazon, Dick’s Sporting Goods, Gucci, Nike and Levi’s are a part of the small subset of companies that have offered this benefit, but for some employees, the offer comes with strings attached.
When it comes to one of the most talked-about new frontiers for fashion and beauty brands today — the metaverse — headlines make it seem like the industries are universal in their embrace of web3. But new Glossy research indicates that brand executives' opinions on the metaverse are split.
Fashion brands are reducing inventory to prepare for an impending economic downturn With another economic downturn looming and the threat of reduced spending increasing every day, brands are looking for ways to balance their inventory and pare back their SKUs.
Weekend Briefing: As a recession looms, the fashion industry makes changes Fashion is reading the tea leaves, with signs that a recession is on the horizon. NFT.NYC happened in New York last week, despite the recent, precipitous drop in the value of NFTs. And brands like American Eagle and Nike are making geographic moves, exiting regions that are too tough or...
Week in Review: Harry Styles x Gucci, Harrods’ delayed summer sale, NFT.NYC This week, Gucci announced a collection co-designed by Harry Styles and Alessandro Michele called Gucci HA HA HA. Harrods managing director Michael Ward revealed that the British department store was delaying its annual summer sale due to slow shipments of inventory. Finally, NFT.NYC went down in New York, and fashion...