Hudson’s Bay Retail Chain to Terminate More Than 8,300 Workers by Sunday
Canada’s oldest retail chain will lay off 89 percent of its workforce by Sunday, when it will conclude its liquidation sale and shutter all stores.
This Week In Fashion
Sustainability
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem
This week, Italy’s Competition Authority closed a probe into whether Dior misled consumers about working conditions at its suppliers without finding any wrongdoing. But a new case linking Valentino to poor labour practices suggests this is a problem that won’t go away easily.
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem
This week, Italy’s Competition Authority closed a probe into whether Dior misled consumers about working conditions at its suppliers without finding any wrongdoing. But a new case linking Valentino to poor labour practices suggests this is a problem that won’t go away easily.
The Next Sneaker Powerhouse?
Dick’s Sporting Goods’ surprise purchase of Foot Locker sets it up to be a major new player in the global sneaker market — if it can execute on its vision.
Is This the End of Cheap Stuff in America?
As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump’s protectionist trade policies.
Amazon Isn’t the Solution to Saks’ Problems
The shiny new storefront on Amazon Luxury did not distract investors this week from Saks Global’s deteriorating liquidity problem.
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Luxury’s New Pecking Order
This week, Dior tapped Jonathan Anderson to lead men’s fashion, Hermès briefly topped LVMH in terms of market share, and the ultra-wealthy solidified their status as the industry’s most effective driving force.
Will Prada’s Versace Bet Pay Off?
Prada is adding one of Italy’s most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
‘Mind-Boggling’ Tariffs Threaten Fashion With Covid-Level Crisis
The industry is scrambling to adjust to the shockwave of new import duties announced by President Donald Trump on ‘liberation day.’ Many of fashion’s biggest manufacturing hubs are facing the highest tariffs.
Marketing
In an Angry Society, ‘Gentle Outrage’ Packs a Marketing Punch
The Ordinary’s latest campaign brought reasonably-priced eggs to two of its New York City locations. The response was polarising on social media, which in an online marketplace saturated with brands and advertising, is increasingly the point.
In an Angry Society, ‘Gentle Outrage’ Packs a Marketing Punch
The Ordinary’s latest campaign brought reasonably-priced eggs to two of its New York City locations. The response was polarising on social media, which in an online marketplace saturated with brands and advertising, is increasingly the point.
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Making Sense of This Week’s Big Fashion Bankruptcies
News of Forever 21 and Hudson’s Bay facing liquidation this week rang alarm bells for an industry already facing macroeconomic challenges this year. But their failures could have been avoided.
What a US Recession Would Mean for the Global Fashion Industry
Economists raised the likelihood of a recession in the US, Canada and Mexico this week as Trump’s tariffs rattled global markets, exposing the fashion industry to uncertainty and possible deceleration.
With Trump’s Tariffs, It’s the Uncertainty That Stings the Most
The new tariffs and constant reversals have knocked global businesses off balance and left them straining to adjust to a mercurial new reality.
Sustainability
Is Sustainable Fashion Losing Its Most Powerful Ally?
This week the European Union announced plans to water down sustainability reporting and due diligence regulations, which would have been among the strictest globally. Critics say the retreat puts fashion’s environmental and human rights ambitions at risk.
Is Sustainable Fashion Losing Its Most Powerful Ally?
This week the European Union announced plans to water down sustainability reporting and due diligence regulations, which would have been among the strictest globally. Critics say the retreat puts fashion’s environmental and human rights ambitions at risk.
The News in Brief
Crypto-Luxury Brand 9dcc Is Shutting Down
The brand cited headwinds in web3 and softness in the luxury market for its decision in an announcement Tuesday.
Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss watch exports to the US saw a significant increase in April, driven by a surge in shipments ahead of anticipated tariff hikes.
Italy’s Fashion Brands Sign Accord to Fight Worker Exploitation
Italian legal and political authorities, trade unions and fashion industry parties signed a non-binding action plan focussed on the creation of a database of brands’ suppliers and their workforces, after prosecutors uncovered widespread abuse.
EU Warns Shein of Fines in Consumer Protection Probe
The EU has ordered Shein to address consumer law breaches within one month or face potential fines.
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9
The US president told reporters the decision to push the deadline came after he had a ‘very nice’ phone call with Commission President Ursula von der Leyen.
E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs
The mass brand will raise prices in August.