Adapting To Uncertainty In The Fashion Industry

Michaela Vybohova is the CEO of Michaela V Inc., a New York-based shoe company focused on creating comfortable yet stylish women’s footwear.

This has been a defining year for industries, companies and brands around the world. The coronavirus pandemic has ushered in new ways of doing business, as restrictions have rendered traditional models ineffective. The luxury fashion industry is no exception.

Prior to the pandemic, luxury brands were enjoying ongoing growth. In 2019, for example, one of the world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton, recorded revenue of 53.7 billion euros, which was up 15% compared to 2018, a press release from the brand said. In the current economic situation, I believe it’s possible that 2020 will not match those figures, especially as many customers have shifted their priorities to purchasing necessities and shopping more cost-consciously, according to an April report by Accenture.

The pandemic

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Rodrigo adapting to Marcelo Bielsa’s ‘beautiful’ style of football at Leeds

Leeds forward Rodrigo admitted he was still adjusting to Marcelo Bielsa’s “beautiful football” after scoring the equaliser against Manchester City.

Rodrigo, signed from Valencia for a club-record £27million in August, stepped off the bench to turn home his first goal for Leeds after Raheem Sterling had given City a half-time lead.

Bielsa’s side produced another exhilarating display having spent the first half-hour chasing shadows, going toe-to-toe with the visitors in another Premier League thriller.

“We have a very characteristic way of playing, which has been done for a long time and of course I need time to adapt myself to this style of football,” the Spain international told Leeds’ official website.

“But I think the team is very compact, plays very well, tries to attack and score goals and plays beautiful football.

“We’ve started very well in the Premier League, in the first game against Liverpool unfortunately we didn’t win,

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These Apparel Players Are Adapting to Rising Online Shopping

Players in Retail – Apparel and Shoes industry are leaving no stone unturned to improve top-line performance and expand customer base. Amid fears of the ongoing pandemic and resultant social distancing, companies have been directing resources toward digital platforms, accelerating fleet optimization and augmenting supply chain. Retailers have also been focusing on superior product strategy and advancement of omni-channel capabilities. No wonder, industry participants have been aggressively adopting strategies and making planned investments to cater to consumer demand and behavior in the new normal.

Digitization Key to Growth

Zumiez Inc. ZUMZ is striving to expand its e-commerce and omni-channel platforms to provide consumers with the facility of quick and easy access to its products and brands. In this regard, the company has considerably enhanced customers’ experience by integrating its physical and digital networks. This enables customers to access inventories through all channels, alongside availing facilities like buy online, pick up

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