Month: June 2020

crisis puts the brakes on fast fashion

Zara, H&M and Gap may be slowly reopening their stores but the coronavirus epidemic has had a devastating financial impact on the fast fashion sector, which needs a radical overhaul if it is to recover, experts say.

Nearly 40 percent of businesses in the sector are expecting the impact to be “much worse” than that of the 2008 financial crisis, a Euromonitor International survey showed.

It expects sales of clothing and shoes to fall by at least 12 percent this year.

Global leader Inditex, the Spanish group which owns the Zara fashion chain, posted a first-quarter loss of 409 million euros on Wednesday, its first-ever loss since it went public in 2001.

With 88 percent of its stores closed at the height of the global lockdown, the group saw its sales practically halved.

But the group, which has solid financials and whose shares have held up well, has continued to

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Berlin Designers Reel as Frankfurt Claims German Fashion Week

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Three of the most important fashion trade shows in Berlin are moving to Frankfurt, organizers announced Monday.

The first iteration of the new Frankfurt Fashion Week will involve five fashion platforms, three trade fairs and two conferences, one on sustainability in fashion and the other on technology. There will also be runway shows held on the city’s landmark bridge, the Eiserner Steg, which crosses the river Main and lies about three kilometers from the trade fair halls. Around 2,000 designers are expected to take part and 140,000 visitors are anticipated.

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State authorities estimate that the event, which is slated to begin in July next year, will bring between 300 million and 400 million euros to the region. From 2022, it will take place twice a year.

Further details about the content of Frankfurt Fashion Week will be announced this

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Upcycling Is The Coolest Part Of The Ethical Fashion Movement

Would you pay $1000 for a hoody? What about if it was a hoody assembled from scraps of fabric that had been left behind in the process of making another, likely cheaper piece of clothing, would you buy that? Should a hoody made in this principled way command a higher-than-average retail value, or does the fact that it was born of ‘waste’ materials mean that it should cost less? And what would buying it say about you? Are you helping to solve the problem of clothing waste by buying offcuts, or are you just buying more clothes?

A wave of ethical, ecologically empathetic design is rolling through the fashion and beauty industries – including Everlane, Pangaia, Veja, and The Ordinary – and ‘big’ brands can’t afford to ignore the tide. According to the latest report from campaign group Fashion Revolution, big brands (those with a minimum turnover of £320million)

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Best offers on clothing from Nike, Asos, H&M and more

The coronavirus pandemic has meant all non-essential businesses have been closed since lockdown began on 23 March.

It’s had a detrimental impact on fashion shops across the UK. B2B magazine, Drapers reported in-store sales have dropped 84 per cent compared to 2019, and – despite online grocery sales surging – for the rest of the retail landscape things also look bleak.

Debenhams is closing five more stores across the UK, while Oasis and Warehouse have both permenantly closed after administraitors failed to find a buyer, which also includes around 2,000 jobs losses.

That said, prime minister Boris Johnson has announced all non-essential retailers will be able to reopen in England from 15 June, a move which will include clothes shops, in the latest easing of lockdown restrictions.

As an army of shops prepare to open their doors to the public for the first time in months, many

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