“Currently, depending on which brand it is, the return rates [for LVMH brands] are typically between 20-30%,” said Anders Lange, LVMH in-house Committee member, who guides the strategic retail direction for Louis Vuitton, Christian Dior, Givenchy and Sephora, among others. “And for every return on that, there's 14-15% return fraud."
After shuttering his namesake brand last year due to structural issues caused by the pandemic, according to the designer, Zachary Prell is back with a new luxury menswear brand celebrating the Lower East Side.
A January 23 report published by the British Fashion Council, incubation platform The Outsiders Perspective, learning and development platform The Fashion Minority Report, and consulting company McKinsey reveals that most U.K. fashion firms lag in leadership inclusivity, with people of color and women underrepresented in executive roles.
To enable its new “Smallest Gym in the World” fitness experience, Puma is teaming with Meta and its Quest 3 mixed reality headset. The physical gym, which launched on January 11 inside the Puma store in Hackesche Höfe, Berlin, attracted 160 booked appointments and long queues of customers eager to...
Birkenstock is building up its U.S. business with premium quality products, including its Boston sandal, as well as new sales channels, like stores catered to runners. At the same time, the brand is leaning into market scarcity, which has worked to boost its desirability and margins.
Brands have been flocking to ski towns including Aspen, St. Moritz and Gstaad. Considering the crowding in these markets, traditional skiwear brands like Bogner and Fusalp are now looking elsewhere to acquire customers.
Merrell, an outdoor footwear brand, is sponsoring Aspen Gay Ski Week. Forty-seven-year-old AGSW, which is the oldest annual LGBTQ+ ski event, supports the charity platform AspenOUT's anti-bullying and tolerance initiatives. The annual ski event aligns with Merrell's mission to promote inclusivity in outdoor activities.
AI is the hot topic at the National Retail Federation’s Big Show this week in NYC. And, according to attending executives, the fashion industry — with its complex supply chains, lagging digitalization and growing transparency challenges — has become ground zero for testing new AI capabilities.
As part of its company-wide sustainability goals, Tapestry, the parent company of fashion brands Coach, Kate Spade and Stuart Weitzman, has been making big moves to account for the carbon impact of its worldwide operations. Tapestry is among a growing movement of brands and large fashion companies including H&M that...