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Video: Dolce & Gabbana introduces its new #DGAltaGioielleria collection

In this video, Dolce & Gabbana introduces its new #DGAltaGioielleria collection in the first of a three-part series named a ‘Family Affair.’ Watch the video below. Source: Dolce & Gabbana via YouTube Photo credit: Dolce & Gabbana, Facebook
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Video: The Business of Fashion interviews designer Joseph Altuzarra

In this video, The Business of Fashion interviews designer Joseph Altuzarra about running a fashion business during Covid-19. Watch the video below. Source: The Business of Fashion via YouTube Photo credit: The Business of Fashion, Facebook
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Video: The Fashion Archive reveals how luxury brands make money

In this video, The Fashion Archive reveals how luxury brands make their money from selling clothes to accessories, footwear, licensing, perfume and more. Watch the video below. Source: The Fashion Archive via YouTube Photo credit: Unsplash
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Lululemon's Q3 sales and earnings increase

Lululemon Athletica Inc., for the third quarter of fiscal 2020, reported net revenue increase of 22 percent to 1.1 billion dollars, while on a constant dollar basis, net revenue increased 21 percent. The company said, net revenue increased 19 percent in North America, and increased 45 percent internationally, while total comparable sales increased 19 percent or increased 18 percent on a constant dollar basis. The company added that diluted earnings per share were 1.10 dollars compared to 96 cents in the third quarter of fiscal 2019, while adjusted diluted earnings per share were 1.16 dollars for the third quarter of fiscal 2020. Commenting on the third quarter results, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “Our third quarter results demonstrate the strength of Lululemon across channels and markets, both in North America and around the world. Our product innovations, investments in the e-commerce business, and strategic acquisition of Mirror position us well to serve our guests as their needs evolve across both physical and digital experiences.” Highlights of Lululemon’s Q3 results The company further said that direct to consumer net revenue increased 94 percent or increased 93 percent on a constant dollar basis. Comparable store productivity was 83 percent or 82 percent on a constant dollar basis, representing a comparable store sales decrease of 17 percent or a decrease of 18 percent on a constant dollar basis. Gross profit for the quarter increased 24 percent to 627.4 million dollars and gross margin increased 100 basis points to 56.1 percent. Operating margin decreased 90 basis points to 18.3 percent and adjusted operating margin decreased 10 basis points to 19.1 percent. The company opened nine net new company-operated stores during the quarter, ending with 515 stores. Picture:
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Video: The expertise behind Dior's fall 2021 menswear collection

In this video, the expertise behind Dior's fall 2021 menswear collection is revealed. Watch the video below. Video: Christian Dior via YouTube Photo credit: Dior, Facebook
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Steve Madden promotes Zine Mazouzi to Chief Financial Officer

Steve Madden has announced the appointment of Zine Mazouzi, currently chief accounting officer and senior vice president of finance and operations, to succeed Arvind Dharia as Chief Financial Officer, effective January 1, 2021. To ensure a smooth transition, the company said, Dharia will serve in an advisory capacity through 2021. Commenting on the development, Edward Rosenfeld, the company’s Chairman and Chief Executive Officer, said in a statement: “We can’t thank Arvind enough for his service to the company over the past 28 years, and I am deeply appreciative of his partnership over the 15 years. We are excited to have Zine, who has been part of our leadership team for the past two years, step into the chief financial officer role. His strong financial, operational and leadership experience – combined with his deep understanding of footwear, accessories and retail – will help Steve Madden drive profitable growth and create value for shareholders over the long term.” Mazouzi, the company added, has over 20 years of experience in the footwear industry and a proven record in corporate finance, financial planning and analysis, operations, strategic planning and risk management. Prior to joining Steve Madden, he served in various leadership roles at Sears Holdings Corporation, including head of Sears & Kmart Footwear, Home and Fine Jewelry and chief financial officer of Sears & Kmart Footwear. Prior to that, Mazouzi served in various leadership roles including chief financial officer of Nine West Group. Dharia has served as Steve Madden’s chief financial officer since October 1992. He has been instrumental in building the company’s finance organization as well as a key member of the executive leadership team. “I am thrilled to take on my new role as CFO. I look forward to continuing to work closely with the leadership team to execute our strategic growth initiatives while maintaining our strong financial position,” added Mazouzi. Picture:Facebook/Steve Madden
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Video: The Business of Fashion interviews CEO of Moncler Remo Ruffini

In this video, The Business of Fashion interviews the CEO of luxury brand Moncler Remo Ruffini about adapting his brand to a post-pandemic reality. Watch the video below. Video: The Business of Fashion via YouTube Photo credit: The Business of Fashion, Facebook
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In pictures: Versace opens flagship on New Bond Street

Versace has opened the doors of its new flagship store on London’s New Bond Street. Spanning over 300 square meters, the three-story boutique is located at the heart of the capital’s luxury shopping hotspot and features the Italian label’s latest collections of women’s and men’s fashion. Designed by renowned architect Gwenael Nicolas, the new boutique features white Venus marble shop windows, custom eucalyptus wood flooring, and seating areas decked out with plush carpets and soft velvet armchairs in blue and gold tones. The luxury label’s ready-to-wear and accessories collections are showcased on white Namibia marble counters, while shoes are presented on blue calcite stone shelves. “I have always loved London because it’s always been a step ahead of any other city. It was inclusive many years before inclusivity was even a thing, diverse long before it was a topic of conversation,” creative director Donatella Versace said in a statement. “Its subcultures had such a strong authenticity to them, that they grew to become global trends. For so long, London has been the place to look at for creativity and new ideas. This is why it has had a special place in my heart for so long. Always looking beyond rules, always thinking outside the box.” Photo credit: Versace
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Frasers Group reports increase in half-year profits

Mike Ashley’s Frasers Group has reported an increase in profitability for the first half of the year despite dropping revenue related to Covid-19-linked store closures. The group’s pre-tax profit for the 26 weeks to 25 October increased 17.6 percent to 106.1 million pounds. In the same period, group revenue fell 7.4 percent to 1.89 billion pounds. UK Sports Retail revenue decreased by 9.8 percent, while European Retail revenue fell by 3.7 percent, both largely due to temporary store closures though partially offset by growth in its online business. Premium Lifestyle revenue increased by 4.8 percent, largely due to new Flannels stores and increased web sales. Profits up at Frasers Group The company was upbeat on its results and said the successful reopening of its stores in England this month combined with continuing strong online performance meant it could “confidently” raise the bottom end of its full year guidance for FY21, now expecting to achieve a 20-30 percent improvement in underlying EBITDA. “Unfortunately the Covid-19 crisis continues to be a significant issue for all of us and we are currently living through a second wave. This has resulted in more lockdowns and restrictions which are materially impacting the business,” said Frasers Group chairman David Daly in a statement. Daly said that against a tough backdrop of store closures across much of Europe, the groups’ online offering “remains resilient and helps to mitigate to a certain extent the negative effect caused by these bricks and mortar closures”. Daly added that, while Frasers Group is well-positioned to weather the Covid storm, other smaller businesses won’t be so lucky if the government doesn’t address the “out of date business rates regime which is due to return come April 2021”. This comes just days after Frasers Group confirmed it was in talks over a potential rescue of Debenhams, which is winding down business and closing its 124 stores, putting some 12,000 jobs at risk. Photo credit: Frasers Group media centre
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Medical gear modelled on Chinese runway

This season's must-have is not a flashy designer handbag but breathable, disposable protective medical gear -- as seen on models striding along a catwalk in northeastern China. Although the country's economy was battered by coronavirus lockdowns early this year, industries quickly bounced back: exports of medical products like masks have rocketed. Over the weekend, hopeful Chinese manufacturers showcased their wares in Liaoning province at a protective clothing expo -- for example, touting thicker but more airy gear that helps doctors to sweat less wearing them. Potential buyers could see models sashay past wearing the gear -- and not limited to coronavirus suits, but also showcasing firefighters and power maintenance outfits, according to state broadcaster CCTV. "Our medical protective products, including the masks and protective clothing, are expected to have a total export volume of more than 70 billion US dollars this year," Li Lingshen, deputy head of the China National Textile and Apparel Council, told CCTV. Overseas shipments of textiles, including face masks, had surged 33 percent in the first 11 months according to customs figures this week, with governments abroad putting in place measures to contain the virus. But economists have cautioned that many Covid-related purchases will not happen again, with vaccines around the world soon expected to be rolled out.(AFP)
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Video: How Patagonia turned a vest into a billion-dollar brand

In this video, CNBC Make It explains how Patagonia turned its iconic fleece vest into a billion-dollar brand and the brand’s anti-consumption philosophy. Watch the video below. Video: Patagonia via YouTube Photo credit: Patagonia, Facebook
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BRC welcomes extension of business evictions ban

The British Retail Consortium (BRC) has welcomed the government’s decision to extend the ban on business evictions amid the Covid-19 pandemic. Business owners affected by the pandemic will now be protected from eviction until the end of March 2021, communities secretary Robert Jenrick announced Wednesday. This final extension to protections from the threat of eviction will give landlords and tenants three months to come to an agreement on unpaid rent, Jenrick said. BRC CEO Helen Dickinson welcomed the news which she said came “just in the nick of time” for many retailers. “With footfall down and many stores completely shut in November, many are counting on December sales to claw back some of the lost turnover from this year,” Dickinson said. “This extension will give hard pressed retailers breathing space to trade their way out of rent arrears that may have built up during lockdown. We hope that landlords and tenants will use this time to jointly agree new rent terms and payment plans to deal with any outstanding arrears.” Photo credit: Pexels, Artem Bali
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SMCP names new chief digital transformation & operations officer

French premium fashion group SMCP has named Olivier Malvezin as chief digital transformation & operations officer as the company moves “into a new chapter, in which digital and operations will have a key role”. In his new role, Malvezin will oversee digital, supply chain, IT and demand planning teams at the group level, and will join the group’s executive committee, effective immediately. Malvezin joins from multinational retail group Auchan, where he has been chief digital officer since joining in March this year. Prior to that, he was chief digital and information officer at Compass Group from 2016. “I am delighted to welcome Olivier Malvezin as Chief Digital Transformation and Operations officer,” SMCP CEO Daniel Lalonde said in a statement. “His arrival fits perfectly well with our recently announced strategic plan, which combines a stronger focus on brand attractiveness, a phy-gital strategy to offer a seamless customer experience, a strengthened platform and a reinforcement of our sustainability approach.” Lalonde continued: “Olivier’s extensive experience and expertise in digital transformation, including big data and artificial intelligence as well as his excellent knowledge of the Asian market will be strong assets that will contribute to SMCP’s ambition.” Photo credit: SMCP
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Neiman Marcus Group appoints new board member

US luxury retailer Neiman Marcus has appointed Paul Brown as a non-executive chair of its board of directors, effective 7 December. Brown is co-founder and CEO of US restaurant group Inspire Brands and has held various other leadership roles over the past 20 years at companies such as Hilton, Expedia, McKinsey and Company, and Boston Consulting Group. In September, Neiman Marcus emerged from bankruptcy court after filing for Chapter 11 earlier in the year. Group CEO Geoffroy van Raemdonck said Brown’s experience leading transformation and innovation for consumer-driven companies “will deliver incredible value for Neiman Marcus Group as we build on our strong foundation and accelerate our strategy to become the preeminent luxury customer platform”. Brown commented: “I am honored to join as Chair of the Neiman Marcus Group Board of Directors. Neiman Marcus Group brands are poised for a strong future, and I'm excited to join the Board at this important moment in time as the company sets its sights on being the preeminent luxury customer platform. I'm looking forward to working with the Board and leadership team to help realize this vision.” Photo credit: Neiman Marcus
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Video: The Fashion Archive discusses the rise in luxury brands creating cheap hats

In this video, The Fashion Archive discusses the rise in luxury brands such as Moncler and Rick Owens creating cheap hats. Watch the video below. Source: The Fashion Archive via YouTube Photo credit: Unsplash
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Dolce & Gabbana: 'Lockdown has spurred us to be inventive and resourceful'

The coronavirus crisis has upended the norms of the fashion world, but Italian designers Domenico Dolce and Stefano Gabbana believe it has encouraged them to be more inventive and resourceful. With star-studded runway shows and in-person appointments now very difficult, the pair say they have been forced to hustle, recalling their early days in the mid-1980s. Dolce, 62, and Gabbana, 58, spoke to AFP from an opulent Milan mansion where a series of mini-films for their upcoming haute couture collections were being shot. These videos, based around the theme of family, will be broadcast online from Monday as an alternative to the customary catwalk show. Q: How as designers are you getting through this very particular period? Stefano Gabbana: "Domenico and I are two positive people, we're not discouraged by the fact that we can't do certain things. But of course everything is more difficult. "But I have to remind you that when the brand was launched in 1984, we only had three million lire (1,500 euros/$1,824). We made coats from fleece because we couldn't make them in cashmere, we made clothes in jersey because we didn't have the money to buy more precious fabrics. It's a situation that can be compared to today: we can't buy this, we can't do this. "It sharpens inventiveness. When Domenico and I are under pressure, we give our best. We love challenges." Domenico Dolce: "This is part of 'Italian-ness'. We are truly 1,000 percent Italian. In times of disaster, you have to be inventive, creative, don't stop, don't cry over your fate, you have to react, with optimism, positivity." Q: The situation is complicated for the luxury sector, which this year will see sales fall by more than 20 percent worldwide. How is it going for your fashion house? Stefano Gabbana: "Most of the work is done online. In some countries the shops are open, like in China. In others, they're not, especially in Europe and the United States. "We've seen 170 percent growth in four months in e-commerce, because everyone buys this way. There is a positive side to this situation, we are adapting to a new mode of buying, which was already highly developed in the United States and South America." Q: How were you able to create this haute couture collection? Stefano Gabbana: "We have all human resources in-house, the designers, the embroiderers, everything is done in Milan. We managed to do it slowly, we weren't sure we could do it." Domenico Dolce: "The haute couture shows are usually planned six months or even a year in advance... We asked ourselves: what's important at the moment? To do a classic fashion show seemed a bit useless, a bit sterile. "In the beginning, Stefano was in favour of doing something, I was a bit against it. I didn't want to do anything, but he insisted. For us, this collection was therapeutic. Maybe this situation that blocked us on one side unblocked us on the other. We felt free to break the rules." Stefano Gabbana: "We've offered rather classic clothes, like a little black dress, for more mature women... for the younger ones we broke everything that could be broken and we rebuilt it, in a completely new way." Q: Has the crisis changed the way you work? Stefano Gabbana: "We had too much to do (before), the pace was frantic, now it has slowed down." Domenico Dolce: "There was this anxiety about doing things, of running out of time. Now -- and this makes us very happy -- we have time to think. We are back like we were in the years 1985-86.... We've rediscovered the happiness of savouring our work."(AFP)
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Frasers Group in talks over potential Debenhams rescue deal

Mike Ashley’s Frasers Group has confirmed it is in talks over a potential rescue of Debenhams’ UK operations. It comes after the department store chain’s administrators FRP Advisory announced last week that it would be winding down the business and closing its 124 stores, putting some 12,000 jobs at risk. Hopes had rested on a last-minute rescue deal from JD Sports, which fell through. Debenhams fell into ‘light touch’ administration back in April. Frasers Group, whose empire has been built on snapping up other companies, said in a statement Monday: “Whilst Frasers Group hopes that a rescue package can be put in place and jobs saved, time is short and the position is further complicated by the recent administration of the Arcadia Group, Debenhams' biggest concession holder. There is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly.” Frasers Group in Debenhams rescue talks The group, whose portfolio of brands includes Sports Direct, House of Fraser and Jack Wills, was previously considered a potential suitor for Debenhams, but exited the race in November after failing to match a 300 million pound price tag demanded by Debenhams’ advisers. At the time, Frasers Group’s chief financial officer Chris Wootton wrote to the chair of the Business, Energy and Industrial Strategy Committee, saying that the price tag for Debenhams was “impossible” for all but insiders to reach, The Times reported. Wootton added that this meant Debenhams would be bought by its present owners or restructuring specialist Hilco, which would “look to turn the remnants of Debenhams into cash before leaving a bare carcass stripped to the bone”. Photo credit: FashionUnited
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Zalando co-CEO Rubin Ritter to step down

Zalando has announced that its co-CEO Rubin Ritter is stepping down from the company at the next annual general meeting (AGM) in 2021 in order to devote more time to his family. Ritter’s contract was due to end in November 2023. Since 2010, Ritter, along with co-CEOs Robert Gentz and David Schneider, has built up the company from a startup to a European fashion giant on its way to achieving 10 billion euros Gross Merchandise Volume in 2020. Gentz and Schneider will continue to lead the business as co-CEOs following Ritter’s departure. Zalando co-CEO Ritter exits to focus on family Ritter said in a statement: “I have always felt that being a part of the Zalando team is a gift and a privilege, and it will be incredibly hard for me to leave it behind. Zalando has allowed me to be part of a stunning success story that has exceeded my wildest dreams. I will be transitioning out of my role at a time where the company continues to accelerate and remains uniquely positioned for future success. “Zalando’s role in the European digital economy will further grow, and in my remaining months I will ensure that we continue to rapidly advance the execution of our strategy.” Cristina Stenbeck, chairperson of the supervisory board, credited Ritter’s “commitment, strategic clarity and decisive leadership” during his nine years at the company. “As we look to end arguably the most extraordinary year of Zalando’s history we can only be immensely grateful to Rubin and the broader leadership team for the position of strength in which Zalando finds itself today,” Stenbeck said. “We are looking forward to continuing to work closely with Rubin over the coming months, and we hope that he will remain close to Zalando for the long-term.” Photo credit: Zalando SE/Daniel Hofer
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Podcast: The Glossy Podcast interviews CEO Stacey Bendet

In this episode, The Glossy Podcast interviews the CEO of Alice + Olivia, Stacey Bendet, about the return of wholesale products and the importance of creativity and media to a company. Listen to the podcast below. Source: The Glossy Podcast via Megaphone
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Video: Loic Prigent interviews fashion designer Kenneth Ize

In this video, Loic Prigent interviews fashion designer Kenneth Ize on his first fashion show in February at Paris Fashion Week. Watch the video below. Video: Loic Prigent via YouTube Photo credit: Alanwa Diamond Kenneth, Facebook
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Video: The Fashion Archive discusses the ethics of Black Friday

In this video, The Fashion Archive discusses the ethics of Black Friday and fast-fashion retailer Pretty Little Thing’s 99 percent reduction controversy. Watch the video below. Source: The Fashion Archive via YouTube Photo credit: Unsplash
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