Saturday, December 14, 2019

Tom Ford to host next show in Los Angeles two days before Oscars

Tom Ford is heading back to Los Angeles once again for his Fall/Winter 2020 show. The designer announced that he will present his latest presentation on Feb. 7 of the New Year, just two days before celebrities and Hollywood’s elite member gather for the 2020 Oscars.

New York Fashion Week is scheduled from Feb. 6 to Feb. 13, while the Oscars will take place on Feb. 9, and a large number of celebrities and stylists will be in the City of Angels for the awards show. By moving his show to Los Angeles, Ford—who has deep roots in the west coast city and has dabbled in Hollywood’s film industry with his own projects, A Single Man and Nocturnal Animals—is expecting a star-studded turnout for his Fall 2020 collection.

Ford shared with WWD that this strategic decision feels natural to him, with it being his home and having a large impact on his work. “In my role as chairman of the Council of Fashion Designers of America, my main intent and priority is to globalize and bring attention to American fashion. There is truly no bigger or more prominent stage in the world at any given time than Los Angeles during the Academy Awards,” the designer told the publication.

If his next presentation is successful—particularly with the celebrity and stylist turnout—the American designer may lead others to shift their February presentations to the West Coast in the future when New York Fashion Week overlaps with the awards show. The trend of designers showing in Los Angeles—such as Rodarte, who presented their Fall/Winter 2019 show in the California city earlier this year—may continue as a way to gain more and more attention from those in the entertainment industry.



* This article was originally published here

Friday, December 13, 2019

What does the EU's Green Deal mean for the textile industry?

The European textile industry has to waste less and recycle more after being highlighted as a key sector by the European Commission in its industrial strategy for a transition to a circular economy. With the commission's new plan, voluntary green initiatives by the textile industry could become legally binding in the future.

In its plan for a European Green Deal, the Commission outlined a varied set of green measures for resource-intensive sectors varying from construction to textiles. They all aim to align the industries with the EU’s goal to become the first climate-neutral bloc by 2050.

The Commission wants to extend the responsibility of textile companies and push them to offer reusable, durable and repairable products, according to the Green Deal plan published on Wednesday. Waste needs to be reduced and, where it cannot be avoided, recycled. The EU also aims to empower informed consumer choices while tackling ‘green washing’.

First climate-neutral bloc

“Our goal is to reconcile the economy with our planet, to reconcile the way we produce, the way we consume with our planet,” Ursula von der Leyen, the European Commission President, said on Wednesday. “I believe that the old growth model that is based on fossil fuels and pollution is out of date.“

The European Union strives to become a world leader in the circular economy as part of the Green Deal set out by the new Commission. Under the plan, the EU aims to be climate-neutral by 2050 by making its industries greener with the help of digitalisation.

While the plan of the EU is ambitious, “the real question is how it is going to be put in place,” Mauro Scalia, director sustainable business at Brussels-based textile association Euratex, said by phone. “One thing is discussing ambitions for zero-pollution, the other thing is to see how this will be addressed in the real legislative process – whether there will be soft policy or hard regulation.”

Circular products and business models

The sustainable products policy will support circular design based on a common set of methods and principles, said the EU. Waste will be prevented by reducing and reusing materials with companies being encouraged to offer reusable, durable and repairable products. New business models based on renting and sharing goods and services may also help to reduce waste “as long they’re truly sustainable and affordable”.

The EU has tapped into an area that textile companies have been increasingly exploring in recent years. Fashion retail giant C&A has sold more than four million pieces of circular Cradle to Cradle garments , while competitor H&M started testing a renting service last month at its Stockholm flagship store. These pioneering efforts, however, are still in their early stages and are still relatively niche in the 1,9-trillion-dollar clothing market. Less than one percent of material used to produce clothing is currently recycled, according to a report by the Ellen MacArthur Foundation. Typically, clothing design doesn’t take recycling into consideration.

Informed consumer choices

The EU hopes to boost demand for circular products by encouraging public institutions to lead by example with their purchases. By fitting police or hospital staff with greener uniforms, for example, European countries could help textile companies to make the investments that wouldn’t be made when demand was uncertain, said Scalia.

Comparable and verifiable information could also help consumers to make more sustainable decisions, according to the EU. An electronic passport, for example, would provide information on a product’s origin, composition, as well as its repair and dismantling possibilities, and end of life handling, said the EU roadmap.

While various fashion companies such as Zalando and PVH Corp have tested the use of blockchain amongst other technologies in the supply chain to offer trustworthy information, projects have remained in their pilot stages so far and haven’t been widely implemented.

The EU also hopes to reduce “green washing” as companies begin to use a standard to assess green claims. While the Commission said it will step up efforts to tackle false green claims, it’s still unclear which standards might be used for textiles.

Apparel associations now hope that the Higgs Index could be recognised as standard measurement for sustainability, according to a paper published by the Policy Hub, which is backed by lobbies such as the Sustainable Apparel Coalition, the Federation of the European Sporting Goods Industry and the Global Fashion Agenda.

More (and better) recycling

The EU Commission considers new legislation to reduce overpackaging and waste. Packaging in the EU has to be reusable or recyclable by 2030 and measures against single-use plastics will be implemented. The circular economy action plan also seeks to increase recycling of used materials and by-products by considering legal requirements to boost the market and looking into waste collection.

One factor limiting the widespread use of recycled materials remains its higher price compared to virgin materials. With the circular economy plan, the textile industry is now hoping for additional public funding for technology research and tax-reductions for circular goods and materials, as papers published by lobby groups Euratex and the Policy Hub show.

While the plan for the Green Deal published on Wednesday laid out circular measures for a wide range of industries, it remains to be seen when any specific regulation for the textile industry will be announced. More information on the Circular Economy Action Plan will be provided in March 2020, said the EU Commission.

“The Green Deal is very ambitious but also very careful in assessing the impact and every single step we’re taking,” said von der Leyen on Wednesday. “This is Europe’s man on the moon moment.”

Picture: Quelle: EC - Audiovisual Service Lukasz Kobus / Jennifer Jacquemart | European Union, 2019



* This article was originally published here

Thursday, December 12, 2019

H&M to deliver orders by bike in the Netherlands

H&M has started delivering orders to its customers in the Netherlands by bike in a bid to cut down on carbon emissions.

The Swedish retail giant has teamed up with Dutch bicycle courier company Fietskoeriers.nl for the initiative which offers next-day delivery and is priced like H&M’s regular next-day delivery service.

Couriers from Fietskoeriers - which covers 30 cities across the Netherlands - pick up the parcels at H&M’s warehouse using biogas vehicles before delivering them by bike from local hubs.

Commenting on the news in a statement, Pascal Brun, head of sustainability at H&M, said: “We are happy to see an increasing interest for sustainability among our customers and hope they will love this new climate-smart way of getting their fashion finds delivered to their homes. We look forward to evaluating this pilot project and to reveal new exciting projects when it comes to climate-smart transports.”

H&M said it aims to become climate positive by 2040, meaning it wants to reduce more greenhouse gas emissions than its value chain emits. The retailer said that transport is becoming an increasingly important focus area.

Photo courtesy of H&M



* This article was originally published here

Wednesday, December 11, 2019

Inditex boosts its profit by 12 percent, credits omnicanality

Madrid - The Spanish company Inditex, considered one of the world's leading fashion group, has just announced its results for the third quarter of its current fiscal year. This is the period during which the company has continued to increase its sales, accumulating to date a growth of 7.5 percent during the first nine months of its 2019 fiscal year. A considerable increase that places the volume of its sales at 19,820 million euros, compared to 18,437 million obtained during the same period in 2018.

Among the keys that the company points out as being responsible for the positive results are the good positive reaction that its collections are receiving, the strong management of its inventory, the coordination of all its business units and the good results of its strategies in omnicanality. The latter measure has become one of the group's main commitments to strengthen the growth of its brands, thanks to measures such as the implementation of unique shopping experiences aimed at the customer, through technological tools that allow full commercial integration. Or the commitment to optimise its commercial surface, opting for spaces located in the main commercial arteries, "of the highest quality, larger and more integrated".

In the words of Pablo Isla, president of Inditex in a statement, the success of the company lies in "the solidity of the growth of the integrated model of stores and online". A system that has been "sustained over time thanks to a constant selection of the best quality in locations, spaces, products and services, through the necessary investments in technology and sustainability".

A whole series of strategies that have allowed the group to increase its gross margin by 8 percent and its Ebitda by 45 percent, to 5,702 million euros. With all this, its net profit increased by 12 percent to 2,720 million euros. These values lead management to estimate that the group's comparable sales for the whole year will end with a growth of between 4 and 6 percent.

Continuous commitment to omnicanality

Throughout these last 9 months of the year, the Spanish company has continued to focus all its efforts on the key pillars that are driving its growth.

Thus, among the most outstanding aspects that have occurred during this period, the continuous rate of expansion of its platform for the integration of stores and online, a channel in which all the chains of the group now have their global store with which they serve more than 200 markets, is pointed out by the group. At the same time, the spaces that make up the network of stores of all its brands have continued to be opened, expanded or renewed, measures that have led Inditex to close this quarter with 66 more stores than the previous quarter, reaching the number of 7,486 stores. Among them, the openings and reopenings of important establishments such as the flagship stores of Zara in Preciados (Madrid) or the Paseo de Gracia (Barcelona), those of Uterqüe in Kuait and Mexico or the Bershka in the Rue Neuve in Brussels; and to which were added the events in major shopping centres such as the IFC Mall in Hong Kong, the Salaris in Moscow or the City Centre Almaza in Cairo.

More sustainability and better use of energy and raw materials

Sustainability has also become another of the fields in which the group has sought to introduce important advances.

Under this principle, all the different Inditex brands have continued to introduce the "Join Life" label. This motto encompasses all garments made from raw materials and sustainable production processes, including collections such as the one launched just a few days ago by Zara; the first in the chain made from recycled polyester obtained from plastics recovered from natural environments. Along these lines, the company expects to market up to 20 percent of Zara's garments in this category this year, and raise it to 25 percent in 2020.

This measure, together with the group's ongoing commitment to the use of renewable energies, will be added to all the sustainability initiatives being developed by Inditex. With this objective, as the Island itself stated during its participation in the New Economy Forum in Beijing, "to contribute to a more sustainable world through the efficient use of resources throughout our value chain, mainly raw materials and energy".

This article was originally published on FashionUnited.ES

Photo courtesy of Inditex



* This article was originally published here

Tuesday, December 10, 2019

2019 recap: is the fashion industry becoming more sustainable?

As expected, sustainability remained one of the hottest topics in the fashion industry in 2019. Pressed by consumers, politicians and even the UN to address their social and environmental impact, fashion brands can no longer ignore the need to change the way clothes are designed, produced, sold and recycled.

In fact, three quarters of fashion and retail bosses recognize more sustainability measures are needed in their industries, as per a poll conducted by executive search firm Odgers Berndtson in August. This year’s Copenhagen Fashion Summit, which took place in May, was also marked by a sense of urgency, with CEOs admitting the industry will not be able to keep global warming to a maximum of 1.5C, as stipulated by the Paris Agreement, unless it makes radical changes to its current practices.

As a result, 2019 has seen a significant number of fashion brands either announce sustainability targets for the very first time, or update their list with more ambitious goals. Gap, Levi Strauss & Co, PVH Corp, Abercrombie & Fitch and Kohl’s are just a few examples of companies which made new promises in 2019.

Plastic waste, one of the most pressing issues in the field of sustainability today, was the focus of several initiatives, such as Adidas’ pledge to make more shoes using recycled plastic and Uniqlo’s decision to reduce single-use plastic by 85 percent.

After years of pressure by NGOs and the public, major fashion and retail companies are also taking steps to become more transparent -- as the fashion supply chain is often complex, transparency is crucial to make sure sustainability targets are met and also to ensure garment workers receive a fair living wage and safe working conditions. This year, both H&M and Amazon published details about their supply chains for the very first time. 2019 has also seen Stella McCartney partner up with Google Cloud to develop a tool which would give brands a more comprehensive view into their supply chain, particularly at the level of raw production.

Is it enough?

However, as welcome as these announcements are, one thing was clear in 2019: it’s time for the industry to move beyond making promises and start taking effective steps to achieve them. The Global Fashion Agenda (GFA) revealed in July that the signatories of the 2020 Circular Fashion System Commitment, an initiative launched in 2017, have only met 21 percent of their targets. Similarly, the latest FTSE 100 Sustainability Report, published in September, revealed that, while 81 percent of the FTSE 100 companies have some sort of emissions reduction target, 85 percent of them do not have a strategy in place to limit global warming to safe levels. At the end of the year, Gucci CEO Marco Bizarri even launched a challenge for fellow CEOs, inviting them to finally make carbon neutrality a priority. “We don’t have the leisure to just work to avoid and reduce our impact on climate and biodiversity over the long-term,” he wrote.

Those targets will not be met without industry-wide collaborations, either. Fashion companies must join forces if they really are to take sustainability seriously. Fortunately, 2019 witnessed two interesting moves in that direction: in July, H&M, Target, C&A Foundation, PVH Corp, Microsoft, Waste Management and other academic, design and sustainable fashion organizations launched CircularID, a joint project attaching a unique digital identity to physical product. Similar to a tag, CircularID will use technologies like RFID, NFC, QR Code and UPC barcode to provide data that’s useful at the end of the product’s lifecycle, such as product name, brand, SKU, color, description, manufacturing location, material content, the dye process used, as well as recycling instructions.

The second initiative worthy of note was presented in August, when The Fashion Pact, a coalition of 32 of the world’s leading fashion brands led by Kering’s Chairman François-Henri Pinault, presented a list of sustainability goals to the heads of the G7. Pinault was tasked by French president Emmanuel Macron to form the group. Whether those targets will be met and The Fashion Pact will succeed in its goal of inspiring other companies to adopt their targets, it remains to be seen.

Macron’s move was not the only time France made headlines for its defense of sustainable fashion in 2019. In the next two to four years, the French government also wants to prohibit the destruction of unsold non-food products, a commonplace practice in the fashion industry. Perhaps 2020 will see more governments stepping in, as leaving it up to fashion brands to achieve their targets is clearly not enough.

In the United States, we’re already seeing cities and states taking action to ban fur, with a proposed ban in New York early in the year and California becoming the first state to ban fur products in October. Fur has been “out” for a long time, however. Most luxury brands have removed fur from their collections in recent years and the growth of veganism is leading labels like Asos, Victoria Beckham and Boohoo to go even further, saying goodbye to exotic skins and wool as well.

Picture: Patagonia Facebook



* This article was originally published here

Monday, December 9, 2019

N Brown Group appoints new financial services CEO

Online fashion retailer N Brown Group has appointed Daniel Joy as its new financial services CEO, effective 6 January.

Joy has spent the last 11 years at Ikano Bank AB, where he worked as UK country manager and most recently as chief commercial officer. He was also credited with leading the company’s digital team and helping develop a more agile infrastructure to deliver products to market more quickly.

CEO Steve Johnson said in a statement: “I am delighted to be welcoming Dan to N Brown as we further improve and develop our financial services offering. He brings a wealth of relevant experience and his new perspective will be invaluable as we continue with our strategy to deliver sustainable, digital, profitable growth.”

Joy added: “I am very pleased to be joining N Brown at this exciting time for the business. It has huge potential and I can’t wait to get started in January working with Steve and his wider team.



* This article was originally published here

Sunday, December 8, 2019

Tiffany posts flat Q3 sales growth, profit drops 17 percent

For the third quarter, Tiffany & Co., said, worldwide net sales remained unchanged to 1 billion dollars from the prior year and decreased 2 percent to 3.1 billion dollars in the year-to-date period. On a constant-exchange-rate basis, worldwide net sales were 1 percent above the prior year and unchanged in the year-to-date period. The company said in a statement that net earnings of 78 million dollars declined 17 percent or to 65 cents per share in the third quarter and by 11 percent in the nine months to 340 million dollars or 2.80 dollars per share.

Commenting on the trading performance, Alessandro Bogliolo, the company’s Chief Executive Officer, said: “Our underlying business remains healthy with sales attributed to local customers on a global basis growing in the third quarter, led by strong double-digit growth in the Chinese Mainland offset in part by softness in domestic sales in the Americas. We are very excited about the recently announced transaction with LVMH and look forward to becoming part of the LVMH family of exceptional luxury brands.”

Tiffany’s performance in Q3 and nine months

Worldwide net sales and comparable sales at Tiffany, excluding the Hong Kong market in both years, increased by 4 percent and 3 percent, respectively, from the prior year.

In the Americas, total net sales decreased 4 percent in both the third quarter and the year-to-date, to 423 million dollars and 1.3 billion dollars, respectively; comparable sales decreased 4 percent in the third quarter and 5 percent in the year-to-date. Sales decreased across most of the region, and management attributed that decline to lower spending by foreign tourists and, to a lesser extent, local customers. On a constant-exchange-rate basis, total sales and comparable sales both declined 4percent in the third quarter and year-to-date.

In Asia-Pacific, total net sales were unchanged in the third quarter and decreased 1 percent in the year-to-date, to 294 million dollars and 916 million dollars, respectively, which included comparable sales declines of 2 percent in the third quarter and 3 percent in the year-to-date. Management attributed the decrease in sales in both periods to the effect of foreign currency translation. On a constant-exchange-rate basis, total sales increased 3 percent in both the third quarter and year-to-date, while comparable sales increased 1 percent for both periods as compared to the prior year. Sales performance in both periods reflected the double-digit growth in the Chinese Mainland, significant disruptions in Hong Kong beginning earlier this year and mixed performance in other markets in the region.

In Japan, total net sales increased 19 percent in the third quarter and 5 percent in the year-to-date, to 169 million dollars and 469 million dollars, respectively; comparable sales increased 19 percent and 4 percent for those same periods, respectively. On a constant-exchange-rate basis, total sales increased 14 percent in the third quarter and 4 percent in the year-to-date, and comparable sales increased 14 percent and 3 percent, respectively. Management believes that strong sales growth in the quarter prior to October 1, 2019 reflected the Japanese consumers’ response to the increase in Japan’s consumption tax that took effect on that date.

In Europe, total net sales declined 3 percent in the third quarter and 4 percent in the year-to-date to 111 million dollars and 330 million dollars, respectively, and comparable sales were unchanged in the third quarter and declined 4 percent in the year-to-date. Management attributed these changes to the effect of foreign currency translation. On a constant-exchange-rate basis, total sales increased 1 percent in both the third quarter and the year-to-date; comparable sales increased 4 percent and 1 percent, respectively.

Other net sales decreased 13 percent to 17 million dollars in the third quarter and increased by 2 percent in the year-to-date to 67 million dollars. Comparable sales declined 3 percent and 17 percent in the third quarter and the year-to-date, respectively.

Tiffany has opened five company-operated stores in the year-to-date and closed three and at October 31, 2019, operated 323 stores (124 in the Americas, 90 in Asia-Pacific, 56 in Japan, 48 in Europe, and five in the UAE).

Picture:Facebook/Tiffany & Co.



* This article was originally published here