fashion

Could Demand Side Innovation Save An Imploding Industry?

The fashion industry has been imploding for a while now and, thanks to the drastic changes COVID has brought, the need for a change is greater than ever. Over inflated inventory and constant surplus issues, all of which have been a thorn in the side for years, are even more painful and in danger of threatening retail than before. 

In the recent New York Times article, Sweatpants Forever, Irina Aleksande takes a look at just how fashion has been further imploding under the added weight of the Coronavirus. Stuck on a precipice of change since the 2008 recession, the industry has struggled to truly find its footing in terms of producing what consumers really want

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fashion

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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fashion

Fashion and textiles industry keen to go green despite COVID-19 pandemic

 New research shows business leaders at top fashion, retail and textile businesses are putting sustainability drive first, despite COVID-19 pandemic

The power of data in the effort to ‘go green’ is well recognized, but patchy performance suggests more access to better quality data needed to help turbocharge change

Despite Covid-19, fashion leaders are confident that fast, affordable and sustainable fashion is realistic, with crisis seen as opportunity to recharge sustainability efforts

New research reveals the extent of the global fashion industry’s commitment to sustainability, despite the COVID-19 pandemic, with sustainability ranked as the second most important strategic objective for businesses in the sector1.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005846/en/

(Graphic: Business Wire)

The new research, from the U.S. Cotton Trust Protocol and the Economist Intelligence Unit (EIU), is based on a survey of 150 leading executives from top fashion, retail and textile business

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fashion

COVID-19 Is Turning The Fashion Industry On Its Head

Copyright 2020 NPR. To see more, visit https://www.npr.org.

LULU GARCIA-NAVARRO, HOST:

Fashion is being transformed by the pandemic. NPR’s Eleanor Beardsley says the proof was on display at Paris Fashion Week.

(SOUNDBITE OF MUSIC)

ELEANOR BEARDSLEY, BYLINE: Models strutted not on a catwalk but along the Seine River in this virtual show from designer Ami. Not a buyer in sight – they’re all watching online. Viewing collections by appointment only was another way social interaction was kept to a minimum during Paris Fashion Week. Journalist Jessica Michault says the pandemic has prompted the industry to reexamine itself.

JESSICA MICHAULT: We’re talking about seasons. We’re talking about sales. We’re talking about cycles of fashion. Does it make sense to even be doing what we’re doing the way we’re doing it?

BEARDSLEY: Author and former model Dana Thomas says the world of fashion used to turn around four seasons in the four

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fashion

COVID-19 Is Turning The Fashion Industry On Its Head : NPR

The pandemic has major repercussions for the world of fashion. That could be a good thing because fast fashion can be ecologically devastating.



LULU GARCIA-NAVARRO, HOST:

Fashion is being transformed by the pandemic. NPR’s Eleanor Beardsley says the proof was on display at Paris Fashion Week.

(SOUNDBITE OF MUSIC)

ELEANOR BEARDSLEY, BYLINE: Models strutted not on a catwalk but along the Seine River in this virtual show from designer Ami. Not a buyer in sight – they’re all watching online. Viewing collections by appointment only was another way social interaction was kept to a minimum during Paris Fashion Week. Journalist Jessica Michault says the pandemic has prompted the industry to reexamine itself.

JESSICA MICHAULT: We’re talking about seasons. We’re talking about sales. We’re talking about cycles of fashion. Does it make sense to even be doing what we’re doing the way we’re doing it?

BEARDSLEY: Author and former model Dana

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wedding

Brides and prejudice: How the wedding industry is struggling under strict coronavirus restrictions

By now, wedding season should be reaching a triumphant end, thousands of bouquets thrown and garters tossed, with vendors retreating with fatigue. This year, of course, it never really got started.

Like most in the industry, Marianna Vaki, founder of London-based cake makers Whisk and Drizzle, began 2020 with a diary full of bookings but due to ongoing restrictions, she has been able to fulfil just 10 per cent of those orders, many of which had to be downsized. The rest of her brides have moved their weddings to next year, with some considering postponing again to 2022. If they do, she faces a second year with little-to-no income and the prospect that her business might not survive. “If weddings don’t resume next year, a lot of us won’t be here in 2022,” she says, adding that she is having to look for another job to make up for the

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beauty

Shampoo police show ugly side of beauty industry

Hair braider Dara Collier knows her craft. She started practicing twists and weaves as a child, until she mastered each look.

Customers near Atlanta appreciate her advanced skills, but Georgia regulators will not let her do something more basic: shampooing.

Washing clients’ hair outside a state-approved salon without cosmetology credentials is illegal in Georgia. As a self-employed braider, Collier does not need an occupational license to run her business in Georgia.

But that also means she cannot legally cleanse hair — something she would like to do as an extra precaution during COVID-19.

Regulators do not care that shampoo is safe, sold over-the-counter and routinely used at home by children. “It does not make a lot of sense,” Collier says.

Other states impose even stricter licensing rules, treating shampoo like a controlled substance.

A 2017 Institute for Justice analysis showed that 37 jurisdictions specifically mandated licensure for shampoo assistants

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women

Why Covid could remove barriers for women in the car industry

Astrid Fontaine

Image caption

Astrid Fontaine thinks the changes forced on firms by Covid-19 could reap significant benefits

“When I went to university, we were three girls out of 120 students studying mechanical engineering,” says Dr Astrid Fontaine.

“Who do you have in a company that’s engineering driven? It’s people who have studied science, technology, maths, engineering – and these were subjects in the past that mainly boys tended to study.”

Dr Fontaine is a board member at Bentley, the Volkswagen-owned British luxury carmaker. She is trying to explain to me why senior female executives like her are still a relative rarity in the car industry, even though women make up an increasingly large proportion of the market – and in the UK alone own some 35% of the cars on the road.

She is also setting out why she thinks the crisis in the industry sparked by the Covid-19 pandemic may

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accesories

Worldwide Cable Accessories Industry to 2025 – Underground Segment to be the Fastest Growing Market

DUBLIN–(BUSINESS WIRE)–Oct 8, 2020–

The “Cable Accessories Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The global cable accessories market is expected to grow at a CAGR of over 4% during the forecast period. Factors such as the growing electricity generation and consumption, along with changing power generation industry dynamics are expected to drive the transmission and distribution network growth which, in turn, is expected to drive the cable accessories market.

Moreover, with the growing penetration of renewable energy for power generation, demand is expected to increase for new grids and distribution lines, further promulgating the market during the forecast period. The challenge, however, such as intricate project planning, delay in approval procedures, and funding constrictions for power projects at a global level is expected to hinder the growth of the cable accessories market.

Companies Mentioned

  • ABB Limited
  • Nexans SA
  • NKT A/S
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fashion

ABC7 Unite: Designer from Bedford-Stuyvesant reversing fashion industry diversity trends

BEDFORD-STUYVESANT, Brooklyn (WABC) — New York’s recent Fashion Week was unlike any other. Much of it was virtual because of the coronavirus pandemic, and during the shows, emerging designers took center stage.

According to WWD, a site devoted to fashion, beauty and business, the decision to feature newcomers was deliberate because of the current lack of diversity in the fashion industry.

It’s odd that a business known for taking risks when it comes to style lags behind in terms of diversity, but it does. Black-owned fashion companies account for just 1.3% of all sales, making the work of Edvin Thompson even more important.

Bedford-Stuyvesant in Brooklyn is a world away from Manhattan’s Seventh Avenue — known as Fashion Avenue in the Garment District — but it’s also the future.

ABC7 Unite: Music mogul Sophia Chang launches ‘Unlock Her Potential’ mentorship program

For an industry struggling to become more diverse, what’s

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