Digital retail has revolutionised the luxury market, pushing brands to rethink their growth strategies. But now more than ever the phenomenon of e-commerce is shaping the industry, radically changing its power dynamics. First of all, the internet has lowered the hurdles barring access to the market, allowing new brands, in particular accessory labels offering products such as footwear, watches and eyewear, to try their luck in the big leagues without incurring prohibitive costs. South Korean eyewear label Gentle Monster, for example, is a testament to this new accessibility, having skyrocketed to the status of a global brand in a relatively short period of time.
“Digital also brings the shortcomings of physical stores into focus, highlighting large discrepancies in price, for e…
With the launch of the Hudson’s Bay Charter for Change, the foundation is committing $30 million over 10 years to organisations working to advance racial equity and inclusion, through three key areas of focus: education, employment and empowerment.This commitment launches as of Monday with its first five charitable partners: Indspire, Black Youth Helpline, CEE Centre For Young Black Professionals, CPAC Foundation, and MLSE Foundation.
The initiative will bring scholarships and bursaries for First Nations, Métis and Inuit students pursuing post-secondary education, empower Black youth with career readiness and training programs in high-demand fields, and use sport to teach life skills that empower racialized communities and improve academic engagement and workplace readiness.The…
Changing the way natural fur is perceived in the world is a major challenge at a time when the fashion industry is gradually banishing this material from its collections. Still, it’s a challenge that the industry intends to tackle head-on. This is evidenced by the development of a certification program, available worldwide, seeking to guarantee transparency, animal welfare and quality in natural fur.Total transparency
From farm to closet, Furmark-certified products are traceable, verified and guaranteed to meet numerous recognized standards, selected by a panel of industry stakeholders, scientists, sustainability leaders and welfare experts. Consumers can now access a wealth of information that makes the entire supply chain transparent for wild and farmed natural fur, hailing from…
A network of textile manufacturers in the city, including firms that have supplied to Boohoo, are facing accusations of money laundering and VAT fraud.According to the BBC, Boohoo has cut ties with the clothing supplier after it emerged that a director was involved in illegal activities, with the retail group saying it would never knowingly conduct business with anyone outside the law.
A civil lawsuit involving a dispute between the heads of two clothing manufacturers first brought the issue to light. The row involves Leicester-based company director Rostum Nagra, which has been accused of procuring false invoices and using ‘shell’ companies that pretended to be garment suppliers.The case identified 14 manufacturers that “may have been involved in laundering cash”, including T…