The Latest
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Shein discloses UK revenue of $1.38B, boosting its market share in the region
Industry analysts expect the fast fashion giant to rank in the top 10 of apparel retailers in the U.K. this year.
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MycoWorks begins production of mushroom biofiber at new South Carolina facility
The factory could produce millions of square feet of the firm’s leather alternative material each year.
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H&M will expand return fees for online orders
The fast-fashion retailer has begun charging customers in the U.S., U.K. and most of Europe, unless they belong to its free loyalty program.
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Retrieved from Moncler on September 20, 2023
Moncler, Pharrell Williams to release capsule collection
The limited-edition line features convertible clothing, detachable logos and a duvet that functions as a cape.
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Apparel Impact Institute hands out initial decarbonization grants
The nonprofit announced the first five recipients of its $250 million Fashion Climate Fund, which was established to help reduce carbon emissions.
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Stitch Fix cost cuts pay off as Q4, full-year losses narrow
But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.
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Hanes evaluating options for its Champion business
After signing a recent license agreement with G-III, HanesBrands is now weighing additional strategies for the brand, including a potential sale.
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Retrieved from Crocs on September 19, 2023
Levi’s, Crocs release three-piece footwear collab
The collection features denim, tie-dyed elements and limited edition Jibbitz charms.
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Land’s End interim takes permanent CFO seat
Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role.
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5 big trend takeaways from New York Fashion Week’s spring-summer 2024 shows
The pendulum swung between cotton candy floof and sharp-edged cuts, with occasional centrist pauses for quiet luxury and feminine undertones.
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Balmain creative director reports theft ahead of Paris Fashion Week
According to Olivier Rousteing, a truck carrying more than 50 pieces of the new collection, set to show next week during Paris Fashion week, had been hijacked.
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Shein adds $85M to its ESG initiatives
The funding will be earmarked to help aspiring designers, women, young people and the underprivileged.
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Nordstrom shuffles leadership, again
Among a flurry of appointments, the retailer announced a new chief merchant, Rack president and president of Nordstrom stores.
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Apparel manufacturers could lose $65B in export earnings due to climate change: report
Findings from Cornell University's Global Labor Institute and Schroders measured the impact that increased flooding and extreme heat could have on global fashion suppliers.
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Ebay introduces luxury consignment
The online marketplace will initially limit the program to a select list of designer handbags and will partner with resale company Linda’s Stuff for the service.
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The FABRIC Act reintroduced in Senate to protect garment workers’ wages
The legislation would hold brands and manufacturers accountable for pay violations, eliminate piece rate pay and create a $50 million per year domestic manufacturing program.
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Heydude to pay $1.95M to settle FTC charges
In addition to failing to cancel orders and provide refunds, the Federal Trade Commission said the brand suppressed negative product reviews.
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$1.7B worth of shipments detained by US since enactment of forced labor law: report
Many of the products targeted during the first year of the Uyghur Forced Labor Prevention Act were apparel, footwear and textiles.
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Sustainable materials companies collaborate on new fiber
Spinnova and Renewcell have launched a partnership to create a waste-based product, which they hope to scale by the end of 2024.
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Birkenstock files for IPO as it eyes global growth
Private equity firm L Catterton will control a majority of voting power on outstanding shares.
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Deep Dive
Style’s silver lining
Fashion’s wealthiest generation is also its oldest, and as its ranks expand, there are opportunities and challenges for an industry that largely ignores them.
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VFC must pay up to $730M in taxes related to Timberland legal dispute
A federal judge sided with the IRS over the timeline of its required payments.
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Macy’s taps international department store veteran as Bloomingdale’s CEO
Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.
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Sarah Burton to exit as creative director of Alexander McQueen
The Kering-owned fashion brand said the spring-summer 2024 collection, to be shown during Paris Fashion Week in September, will be Burton’s last for the house.
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Investors call for Nike to pay $2.2M in owed wages to supply chain workers
Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.