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...Growth in the market for used clothing might outpace fast fashion as shoppers become more aware of the environmental, social and economic benefits of thrift shopping....
...Shareholders in Gildan Activewear, one of the world’s largest clothing makers, have demanded the reinstatement of its chief executive and called for the resignation of the American Apparel owner’s chair....
...With a background in apparel (Goheen previously worked in creative design and communications at Stüssy), she is also “pretty adept” with a sewing machine and knowledgeable about sizing....
...Alice Price, apparel analyst at GlobalData, said Frasers’ decision suggested it underestimated the scale of investment and time required to oversee a turnaround....
...If you’ve been under a rock, here’s the latest via the Borg: Lyft Inc....
...But the expansion has not gone to plan amid an already challenging apparel market, overflowing with excess inventory....
...Surging apparel production is bad news for global warming, too: the sector accounts for 10 per cent of global greenhouse gas emissions, according to the UN, more than aviation and shipping combined....
...Gap is attempting to rightsize its business amid a slowdown in consumer spending on apparel and excess inventory....
...“Why would you not go after that 60 per cent and only play in the 40 per cent,” says Hall, referring to the offline-online split in the UK’s apparel market....
...The FTC’s move imperils efforts to build a US challenger seeking to shore up the gap with European conglomerates LVMH and Kering, which have grown to dominate sales of luxury handbags, shoes and clothing...
...And I’m wondering about sort of, so you hit 2023 and you decide to do this pledge, which is five pieces of new clothing or apparel. Was it like, what were your buying habits before that?...
...“I’ll never forget it,” said Hendrix, 52, who grew up in Harlem and now owns a clothing store, Feared Voices, that sells baseball caps and apparel. (He was wearing an obligatory Knicks hat.)...
...The deal with L Catterton has revived speculation among industry insiders and analysts that LVMH could eventually buy Tod’s, adding to its stable of clothing and apparel brands which also include Christian...
...This will be especially true for department stores and speciality clothing retailers. Adobe reckons toys, electronics and apparel will receive the most aggressive price cuts....
...The study, spearheaded by UK-based asset manager Schroders and the US’s Cornell University, focused on Bangladesh, Cambodia, Pakistan and Vietnam — four countries that host almost 10,000 apparel and footwear...
...Gap had sought to capture some of the hype surrounding the Barbie movie with a Gap x Barbie apparel collaboration, followed by plans for Hot Wheels-branded clothing later this year....
...The company became a pure sportswear manufacturer from 1958 and launched a dedicated lifestyle apparel line in 2016, a range of practical windcheaters, overcoats and jackets priced from $280....
...Apple and Tesla are the latest foreign companies to feel the pain of China’s shift towards local brands. Sales of Nike and Adidas clothing have yet to return to their 2021 peak....
...Jacobs describes himself as a “Bitcoiner” on X and is the co-founder of FOMO21, a bitcoin apparel and merchandise shop....
...He wanted to “simplify” the clothing and redefine the line. It all clicked when he “rediscovered the beauty of the first collections, which praised the lines of the body, and were so cleverly done”....
...campaign $2mn after backing Trump (FT) US regional banks hope for profit revival as pain from SVB fallout eases (FT) Betting group Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel...
...According to some estimates, the apparel industry is one of the worst polluting sectors, responsible for roughly 10 per cent of annual global carbon emissions — more than aviation and shipping combined....
...Berkshire Hathaway Energy chief executive Gregory Abel and Susan Mulder, head of apparel company Nic & Zoe, will step down from Kraft Heinz’s board of directors at its annual meeting later this year, the...
...The company has emerged as a fast-fashion powerhouse based on its model of making thousands of clothing styles in China and air-shipping them to Gen Z shoppers in the US and Europe....
...Globally, womenswear accounts for 47 per cent of clothing sales, with menswear 31 per cent and the remainder children’s, according to Euromonitor International....
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