Week in Review: Brands leave China, Klarna’s valuation dips, fashion goes to the Hamptons On this week's episode, brands are pulling out of China after facing increased competition from local brands and retailers, Klarna's valuation is reportedly dropping from $45 billion to as low as $6 billion, and fashion brands are launching Hamptons activations as the summer kicks off.
FutureStitch hopes to revive American manufacturing Apparel manufacturing in the U.S. has paled in comparison to China, Vietnam and Cambodia. It’s often cheaper and easier to get a garment made in China than to create the same garment in the U.S. But even with the disparity in costs, recent changes in the economy and the global...
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.