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More non-essential English retailers to close as Tier 4 restrictions extended

More non-essential stores across England will be forced to close this week after the UK government announced a swathe of new regions with enter into Tier 4, the strictest level of lockdown restrictions. From the beginning of Thursday 31 December 2020, areas to be placed in Tier 4 include Leicester City, Leicestershire, Birmingham and Black Country, Greater Manchester, and Swindon. It means around 75 percent of the population is now under Tier 4 “stay home” restrictions. Other cities have been moved up from Tier 2 to Tier 3. Non-essential stores in these areas can still operate. It comes as a spike in cases is seen up and down the country. Between 18 and 24 December, the weekly case rate in England rose to 402.6 per 100,000, a 32 percent increase on the previous week. 75 percent of England now in Tier 4 Health secretary Matt Hancock said: “[I] know that Tier 3 and 4 measures place a significant burden on people, and especially on businesses affected, but I am afraid it is absolutely necessary because of the number of cases that we’ve seen. “But where we are still able to give places greater freedoms, we will continue to do so.” The number of UK retailers - including both online and bricks and mortar stores - in “significant financial distress” jumped by 24 percent in the fourth quarter, according to research from UK corporate restructuring firm Begbies Traynor. The data revealed that over 20,000 high street retailers and over 11,500 online retailers said they were in difficulty in the build-up to Christmas - an increase of 22 percent and 27 percent, respectively, in the run-up to Christmas 2019. Photo credit: Pexels
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These were the sustainability efforts of the fashion industry in 2020

The year 2020 started harmless enough with several good sustainability initiatives, but they were soon overshadowed by the global Corona pandemic. From March onwards, with lockdowns and restrictions for brick and mortar stores selling non-essentials like clothing, accessories and shoes, it was more about the survival of many brands and retailers than the continuation of sustainable efforts. We probably would not have been surprised if lists like this one had to be discontinued for the time being. But a turnaround already cautiously emerged in May, which intensified in June and the following months: Sustainability was seen as a way out of the crisis and the efforts of brands, retailers and other industry players deepened accordingly. Particularly encouraging is an increasing willingness to cooperate, as seen in various projects, but also the call for a general slowdown of the industry. If 2020 has taught us one thing, it surely is that less can be more and, if applied to the quantity produced and the fashion industry’s negative environmental impact, it will be a good motto to guide it through the next few years. January 2020 Image: Edwin USA The year 2020 started on a good note in terms of sustainability - 20 efforts were announced by brands, retailers and other industry players like Tendam, Zalando and Net-a-Porter in the first month of the year alone. It is heartening to see that sustainability plans - and implementing them - are still high on the agenda. Brands and retailers also increased their efforts to source more sustainable materials for fashion lines, shoes and accessories and reached out to each other for cooperation. Read more… February 2020 Image: Teva In February, it was heartening to see the industry reaching out to partners outside the fashion realm to make more sustainable products come true or to simply tackle social and environmental problems together. Even recent fashion weeks and other industry events were used to push the sustainable fashion agenda. Other highlights of the month: The Cotton Ranking 2020 announced the most sustainable cotton users and Fashion for Good the nine participants of its first South Asia accelerator program. FashionUnited found 26 such efforts that were announced in February 2020 alone. Read more… March 2020 Image: Ethletic With the world reeling in shock from the effects of the coronavirus pandemic, one would think that sustainability had taken a backseat but on the contrary, more than ever, the fashion industry was determined to make every effort count. It was particularly heartening to see that brands like Asics, Christopher Raeburn, Baukjen and Isabelle Oliver reached out to each other or industry-related companies for cooperation. The Textile Exchange releasing a new Responsible Mohair Standard was one of the 23 sustainable efforts announced in March 2020 alone. Read more… April 2020 Image: Vinted Even though the Corona virus continued to keep the fashion industry on its toes, sustainability became more important than ever - a study even proved how it could save the fashion industry in the current situation. Just in time for the 50th celebration of Earth Day on 22nd April, the results of the Fashion Transparency Index were announced. FashionUnited was pleased to see that sustainability was in demand even in times of crisis and featured 17 sustainable initiatives that were announced by companies such as Canada Goose, Burberry, Ethletic and Emilia George in April 2020 alone. Read more… May 2020 Image: Adidas / Allbirds Even in the face of the impact of the Corona crisis, the fashion industry’s sustainability efforts were moving forward in leaps and bounds with 16 initiatives announced in May alone. Footwear brands like Adidas and Allbirds, for example, showed how sneakers can become more sustainable while business models like resale and secondhand also gained momentum. In an open letter, star designers and fashion entrepreneurs called for far-reaching changes, including a slowing down of the entire fashion industry. Read more… June 2020 Image: Allbirds What was already apparent in May continued in June as well: The fashion industry recognised the importance of its sustainability efforts - commercially and for the sake of the environment - and even during Corona, fashion companies made them a part of their budgets. The industry also seemed to be recovering from the pandemic and finding its way back to a ‘new normal’ where sustainability is a given. FashionUnited has put together 18 sustainable initiatives by companies like Puma, Gucci and Farfetch that were announced in June 2020 alone. Read more… July 2020 Image: Adidas x Parley With efforts at brand level by players like Adidas, The North Face and Levi’s with more sustainable, circular or recyclable products, the industry’s sustainability efforts continued with 14 announced in July. Initiatives like the one by Fashion for Good and SeaChange presented further-reaching solutions such as waste water treatment, offsetting carbon emissions or tackling the plastic problem. Read more… August 2020 Image: Skopes The fashion industry’s sustainability efforts continued in August with a vengeance - 26 such initiatives were announced. Cooperations between brands were in fashion but also those industry-wide or even industry-transcending ones that are concerned with guidelines and standards, for example by Fashion Positive. At brand and retail level, more sustainable collections by Skopes, Asket and Prophetik were going strong as well as operating in a more responsible, efficient and sustainable way. Yarn innovations were big this month too, along with new clothing rental initiatives. Read more… September 2020 Image: Redress In September, the fashion industry’s efforts in the areas of sustainability, resale and recycling continued with 32 initiatives. Brands and retailers like Bestseller, Kenzo and Wrangler have accepted the challenge to produce greener, more sustainable and resourceful products, campaigns and ways of operating. As far as cooperation is concerned, industry leaders and brands remained interested and joined forces for innovative projects. Read more… October 2020 Image: Allbirds With 36 initiatives, October turned out to be the strongest month of the year in terms of sustainability and the fashion industry’s efforts in the areas of sustainability, resale and circularity seemed to have switched to a higher gear. Cooperations by Very, Marchon and the Fashion Green Hub came through, be it to introduce innovative new materials, provide second hand clothes or ecological innovations. Brands and retailers like Burberry, Allbirds and Adidas are still going strong when it comes to making the fashion they sell and running their operations more sustainable. Read more… November 2020 Image: Clae Following on the October momentum, in November, too, cooperations like the New Cotton Projects and the Conscious Fashion Campaign ranked high in the industry, ranging from promoting circular fashion to reducing packaging materials and more. Brands and retailers like G-Star Raw, Moncler and H&M kicked it up a notch in view of the holidays and put their most sustainable foot forward in terms of offering products that make a difference. FashionUnited found 29 sustainable initiatives that were announced in the month of November alone. Read more… December 2020 Image: Timberland In December too, the fashion industry sought to advance its efforts towards more sustainability, recycling and a generally more circular economy. Particularly encouraging: collaborations between brands and tech hubs such as H&M with HKRITA, Bestseller and Cyclo, or Fashion for Good and Biofabricate to accelerate innovations. The last month of the year was also impressive in terms of more sustainable products such as jeans and shoes. FashionUnited found 20 sustainable initiatives presented by the fashion industry in December 2020 alone. Read more… Image: Renewcell
http://dlvr.it/RpmWNm

Retailers Hold Their Breath as Q4 Sales Emerge

Fashion retailers were hit especially hard early on by the Covid-19 pandemic. Since then, they have been racing, fighting even, to adapt, evolve and innovate fast enough to save their businesses. One of the key accelerations that have led to overall positive growth in the retail industry is a more strategic focus on e-commerce during what can be called the year of compulsory evolution. Listen to the full podcast with Massimo Volpe, Co-Founder of the Retail Hub, and Founder of Global Retail Alliance here.
http://dlvr.it/RpkLmd

Podcast: Ben Rodier discusses redefining the role of store associates

In this episode of Fashion is your Business, co-founder and chief client officer at Salesfloor Ben Rodier discusses redefining the role of store associates by using a mobile application platform so that they can personalise each interaction with consumers. Listen to the podcast below. Source: Fashion is your Business via Spotify
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Podcast: Conscious Chatter speaks to editor-in-chief Katie Pruett

In this video, Conscious Chatter speaks to the editor-in-chief of the Ethical Style Journal Katie Pruett about her approach to ethics and sustainability in the fashion industry. Listen to the podcast below. Source: Conscious Chatter via Spotify Photo credit: Unsplash
http://dlvr.it/RpjxkL

Ms Excel | Conditional Analysis | Formula Function in Detail

More non-essential English retailers to close as Tier 4 restrictions extended

More non-essential stores across England will be forced to close this week after the UK government announced a swathe of new regions with enter into Tier 4, the strictest level of lockdown restrictions. From the beginning of Thursday 31 December 2020, areas to be placed in Tier 4 include Leicester City, Leicestershire, Birmingham and Black Country, Greater Manchester, and Swindon. It means around 75 percent of the population is now under Tier 4 “stay home” restrictions. Other cities have been moved up from Tier 2 to Tier 3. Non-essential stores in these areas can still operate. It comes as a spike in cases is seen up and down the country. Between 18 and 24 December, the weekly case rate in England rose to 402.6 per 100,000, a 32 percent increase on the previous week. 75 percent of England now in Tier 4 Health secretary Matt Hancock said: “[I] know that Tier 3 and 4 measures place a significant burden on people, and especially on businesses affected, but I am afraid it is absolutely necessary because of the number of cases that we’ve seen. “But where we are still able to give places greater freedoms, we will continue to do so.” The number of UK retailers - including both online and bricks and mortar stores - in “significant financial distress” jumped by 24 percent in the fourth quarter, according to research from UK corporate restructuring firm Begbies Traynor. The data revealed that over 20,000 high street retailers and over 11,500 online retailers said they were in difficulty in the build-up to Christmas - an increase of 22 percent and 27 percent, respectively, in the run-up to Christmas 2019. Photo credit: Pexels
http://dlvr.it/Rpg1RX

These were the sustainability efforts of the fashion industry in 2020

The year 2020 started harmless enough with several good sustainability initiatives, but they were soon overshadowed by the global Corona pandemic. From March onwards, with lockdowns and restrictions for brick and mortar stores selling non-essentials like clothing, accessories and shoes, it was more about the survival of many brands and retailers than the continuation of sustainable efforts. We probably would not have been surprised if lists like this one had to be discontinued for the time being. But a turnaround already cautiously emerged in May, which intensified in June and the following months: Sustainability was seen as a way out of the crisis and the efforts of brands, retailers and other industry players deepened accordingly. Particularly encouraging is an increasing willingness to cooperate, as seen in various projects, but also the call for a general slowdown of the industry. If 2020 has taught us one thing, it surely is that less can be more and, if applied to the quantity produced and the fashion industry’s negative environmental impact, it will be a good motto to guide it through the next few years. January 2020 Image: Edwin USA The year 2020 started on a good note in terms of sustainability - 20 efforts were announced by brands, retailers and other industry players like Tendam, Zalando and Net-a-Porter in the first month of the year alone. It is heartening to see that sustainability plans - and implementing them - are still high on the agenda. Brands and retailers also increased their efforts to source more sustainable materials for fashion lines, shoes and accessories and reached out to each other for cooperation. Read more… February 2020 Image: Teva In February, it was heartening to see the industry reaching out to partners outside the fashion realm to make more sustainable products come true or to simply tackle social and environmental problems together. Even recent fashion weeks and other industry events were used to push the sustainable fashion agenda. Other highlights of the month: The Cotton Ranking 2020 announced the most sustainable cotton users and Fashion for Good the nine participants of its first South Asia accelerator program. FashionUnited found 26 such efforts that were announced in February 2020 alone. Read more… March 2020 Image: Ethletic With the world reeling in shock from the effects of the coronavirus pandemic, one would think that sustainability had taken a backseat but on the contrary, more than ever, the fashion industry was determined to make every effort count. It was particularly heartening to see that brands like Asics, Christopher Raeburn, Baukjen and Isabelle Oliver reached out to each other or industry-related companies for cooperation. The Textile Exchange releasing a new Responsible Mohair Standard was one of the 23 sustainable efforts announced in March 2020 alone. Read more… April 2020 Image: Vinted Even though the Corona virus continued to keep the fashion industry on its toes, sustainability became more important than ever - a study even proved how it could save the fashion industry in the current situation. Just in time for the 50th celebration of Earth Day on 22nd April, the results of the Fashion Transparency Index were announced. FashionUnited was pleased to see that sustainability was in demand even in times of crisis and featured 17 sustainable initiatives that were announced by companies such as Canada Goose, Burberry, Ethletic and Emilia George in April 2020 alone. Read more… May 2020 Image: Adidas / Allbirds Even in the face of the impact of the Corona crisis, the fashion industry’s sustainability efforts were moving forward in leaps and bounds with 16 initiatives announced in May alone. Footwear brands like Adidas and Allbirds, for example, showed how sneakers can become more sustainable while business models like resale and secondhand also gained momentum. In an open letter, star designers and fashion entrepreneurs called for far-reaching changes, including a slowing down of the entire fashion industry. Read more… June 2020 Image: Allbirds What was already apparent in May continued in June as well: The fashion industry recognised the importance of its sustainability efforts - commercially and for the sake of the environment - and even during Corona, fashion companies made them a part of their budgets. The industry also seemed to be recovering from the pandemic and finding its way back to a ‘new normal’ where sustainability is a given. FashionUnited has put together 18 sustainable initiatives by companies like Puma, Gucci and Farfetch that were announced in June 2020 alone. Read more… July 2020 Image: Adidas x Parley With efforts at brand level by players like Adidas, The North Face and Levi’s with more sustainable, circular or recyclable products, the industry’s sustainability efforts continued with 14 announced in July. Initiatives like the one by Fashion for Good and SeaChange presented further-reaching solutions such as waste water treatment, offsetting carbon emissions or tackling the plastic problem. Read more… August 2020 Image: Skopes The fashion industry’s sustainability efforts continued in August with a vengeance - 26 such initiatives were announced. Cooperations between brands were in fashion but also those industry-wide or even industry-transcending ones that are concerned with guidelines and standards, for example by Fashion Positive. At brand and retail level, more sustainable collections by Skopes, Asket and Prophetik were going strong as well as operating in a more responsible, efficient and sustainable way. Yarn innovations were big this month too, along with new clothing rental initiatives. Read more… September 2020 Image: Redress In September, the fashion industry’s efforts in the areas of sustainability, resale and recycling continued with 32 initiatives. Brands and retailers like Bestseller, Kenzo and Wrangler have accepted the challenge to produce greener, more sustainable and resourceful products, campaigns and ways of operating. As far as cooperation is concerned, industry leaders and brands remained interested and joined forces for innovative projects. Read more… October 2020 Image: Allbirds With 36 initiatives, October turned out to be the strongest month of the year in terms of sustainability and the fashion industry’s efforts in the areas of sustainability, resale and circularity seemed to have switched to a higher gear. Cooperations by Very, Marchon and the Fashion Green Hub came through, be it to introduce innovative new materials, provide second hand clothes or ecological innovations. Brands and retailers like Burberry, Allbirds and Adidas are still going strong when it comes to making the fashion they sell and running their operations more sustainable. Read more… November 2020 Image: Clae Following on the October momentum, in November, too, cooperations like the New Cotton Projects and the Conscious Fashion Campaign ranked high in the industry, ranging from promoting circular fashion to reducing packaging materials and more. Brands and retailers like G-Star Raw, Moncler and H&M kicked it up a notch in view of the holidays and put their most sustainable foot forward in terms of offering products that make a difference. FashionUnited found 29 sustainable initiatives that were announced in the month of November alone. Read more… December 2020 Image: Timberland In December too, the fashion industry sought to advance its efforts towards more sustainability, recycling and a generally more circular economy. Particularly encouraging: collaborations between brands and tech hubs such as H&M with HKRITA, Bestseller and Cyclo, or Fashion for Good and Biofabricate to accelerate innovations. The last month of the year was also impressive in terms of more sustainable products such as jeans and shoes. FashionUnited found 20 sustainable initiatives presented by the fashion industry in December 2020 alone. Read more… Image: Renewcell
http://dlvr.it/Rpg1KP

Retailers Hold Their Breath as Q4 Sales Emerge

Fashion retailers were hit especially hard early on by the Covid-19 pandemic. Since then, they have been racing, fighting even, to adapt, evolve and innovate fast enough to save their businesses. One of the key accelerations that have led to overall positive growth in the retail industry is a more strategic focus on e-commerce during what can be called the year of compulsory evolution. Listen to the full podcast with Massimo Volpe, Co-Founder of the Retail Hub, and Founder of Global Retail Alliance here.
http://dlvr.it/Rpg1Dc

Video: Alexander McQueen presents his SS21 collection film

In this video, Alexander McQueen introduces his SS21 collection film. The film is called ‘First Light’ and it was directed by Jonathan Glazer. Watch the video below. Video: Alexander McQueen via YouTube Photo credit: Alexander McQueen, Facebook
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Quotes from the late fashion great Pierre Cardin

Key quotes from French designer and businessman Pierre Cardin who died on Tuesday aged 98: - Fashion - "The clothes I prefer are those I have created for a life that does not yet exist, the world of tomorrow." "My aim was the street, that my name and my creations be on the street. Celebrities, princesses were not my cup of tea. I respected them, I dined with them, but I could not see them in my dresses. In any case, they would have looked ridiculous." "My great stroke of genius was ready-to-wear at a time when there was only haute couture. They told me it would not last two years. I charged on, believing in my idea. I was criticised, made fun of." - Creation - "Form comes first. Then the material that expresses the volumes, the flow, the flexibility. Colour comes last." "A table leg, a root, a tree, a leaf, all can give me ideas. I am capable of seeing an artichoke and making an artichoke dress!" "I don't stop, I need it, just like a painter or a writer. I need to express myself. My reason for being is fashion." - Business - "I own 100 percent of everything, I am self-sufficient. I can drink my own wine, go to my theatre, eat in my restaurants, sleep in my hotels, dress, wear my own perfume..." "If I have made money with my licences, it is to be free, do something other than fashion. By changing professions I distract myself. There would not be a bigger punishment than forcing me to play the game."(AFP)
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Video: Dior styles singer Jisoo

Jisoo, a singer from the girl band 'Blackpink' is a muse for Christian Dior. In the video below you can see some of her iconic looks from the French fashion house. Think looks and bags from the Dior 2021 Cruise collection by Maria Grazia Chiuri, and get a taste of the airy and playful atmosphere on set! Watch the video below. Source: Christian Dior via YouTube
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How women's only mountain sports brand LaMunt focuses on the 'female perspective'

INTERVIEW The South Tyrolean Oberalp Group is a heavyweight in the outdoor market with its brands Salewa, Dynafit, Wild Country, Evolv and Pomoca. With the newly founded mountain sports brand LaMunt, initiator Ruth Oberrauch wants to focus solely on women. This is a first because this kind of target group focus is rare in mountain sports. Last month, the Oberalp Group presented the new mountain sports brand on the occasion of its “Oberalp Convention” - the name of the group's international sales meeting, which of course had to take place digitally in these times. LaMunt is Ladin and means ‘mountain,’ and in the old Italian language, mountain is not masculine but feminine. And this also outlines the focus of the brand: It dares to place a new, female view on the mountain and mountain sports. Although women are no longer a minority in mountain sports, their ideas and needs are given far too little attention by many brands, thinks Ruth Oberrauch, the brand initiator and daughter of company founder Heiner Oberrauch. We asked her what will be different about the brand when it goes on sale for the first time in the 2021/22 winter season. What does a sports brand for women have to do differently than a brand for men or both genders? What is the difference? LaMunt is a mountain sports brand by women for women, which means we think specifically about women's needs and incorporate solutions into our products in the best possible way. Our product team consists of women who bring in their personal experience, but we also involve potential female users from the very first minute and proactively ask about their wishes and needs. How exactly do you go about that? To give a concrete example: We have lengthened the lower back part of our trousers so that this area is more protected. Because women - as we found out in a workshop with 25 female mountain sports enthusiasts and nature lovers - want more protection here, so that there is no gap in this area. We have lined the inside of this higher back part with a Merino Tencel fabric and thus ensured additional wearing comfort, not only because the material dries faster. A special topic is certainly also that of fit. If you develop a purely women's product from the outset, the approach to design is already quite different and you can respond more specifically to the shapes of the female body. Another concern for us is to create a feminine look with LaMunt without resorting to the usual stereotypical ‘female’ colours. Why does the mountain sports market need a new women's brand? Aren't you competing with other brands of the Oberalp Group, which also have strong female shares? More and more women are on the move in the mountains; almost 50 percent of all active outdoor enthusiasts in the USA and Europe are women. This is also confirmed by the consistent sales of textile products for women within the Oberalp Group, which underlines that many women already actively live the mountain experience. The Oberalp Group is already represented in the market with five mountain sports brands and specialises in the mountain experience. We want to address consumers as specifically as possible. With LaMunt, we are targeting the self-confident woman who is looking for a little more fitness and feminine fits without having to sacrifice functionality. We appeal to women who want to experience the mountains as a place for their personal time off and for inspiration. How does one have to address women as customers today so that they feel represented? Which topics are important? Women see themselves as powerful and strong, just like men. The new women on the mountains are authentic, genuine, natural, sensitive. But also tasteful, lively and strong. They explore unusual places in the mountains and carry their new feminine values into the world of mountain sports, which has historically been dominated by men. You did a semiotic study on women and their perspective on mountains. What was the result? The semiotic study on women and mountain sports, commissioned by the Oberalp Group together with Karma's Behavioural Insights, one of the most internationally recognised behavioural research institutes, revealed even more. Women no longer see themselves as appendages when they are out in the mountains and no longer want to be pinned down to this old concept. They do not want to be reduced to the typical characteristics of women. They feel their bodies are just as capable, but they also stand by their needs. They want to express their female body through their clothing on the mountain, but they don't want to sacrifice functionality. This is at the top of their list when it comes to mountain sports clothing and equipment, followed by the desire for comfort and fit. To what extent has the target group’s - women’s - behaviour changed? How do you integrate that into the brand? We also observed that women are increasingly travelling independently and also in women-only groups. At LaMunt, we have included women in the conceptualisation and development of new product ideas from the very beginning. Already in January, before the start of the product development phase, we organised a two-day workshop with real, authentic women who are active in the mountains. Now, as part of the launch, the LaMunt Crew will also be introduced - women with a passion for the mountains and design are invited to critically and actively shape product development, network with each other and share their love of mountain sports. How will the new brand be distributed? We are convinced that online will play an increasingly important role and will therefore expand this channel from the beginning. On the other hand, a brand like LaMunt needs a physical place where it can be experienced and felt. Accordingly, it is important for us to find partners in retail who believe in our vision. So we are also looking for partners among stationary stores who want to walk a common path with us. In doing so, we rely on a rather exclusive distribution policy. This article was originally published on FashionUnited.de. Edited and translated by Simone Preuss. Images: Ruth Oberrauch / LaMunt
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Video: Jacquemus' SS21 fashion show in a field

French designer Simon Porte Jacquemus presents his SS21 fashion show in a field. In this video, Natacha Morice interviews the models before they walk down the field runway and Jacquemus breaks down the inspirations of the collection. Watch the video below. Video: Loic Prigent via YouTube Photo credit: Jacquemus, Facebook
http://dlvr.it/RpXNQy

Video: Gucci unveils its collection with The North Face

In this video, Gucci unveils its collaboration with The North Face. The ready-to-wear assortment collection includes outerwear such as goose-feather down-padded coats, a bomber and a vest, as well as shirts, skirts, dresses and jumpsuits. The collection was designed by Alessandro Michele and the campaign was shot by Daniel Shea. Watch the video below. Video: Gucci via YouTube Photo credit: Gucci, Facebook
http://dlvr.it/RpXNKc

Video: Jacquemus' SS21 fashion show in a field

French designer Simon Porte Jacquemus presents his SS21 fashion show in a field. In this video, Natacha Morice interviews the models before they walk down the field runway and Jacquemus breaks down the inspirations of the collection. Watch the video below. Video: Loic Prigent via YouTube Photo credit: Jacquemus, Facebook
http://dlvr.it/RpT5rL

Video: Gucci unveils its collection with The North Face

In this video, Gucci unveils its collaboration with The North Face. The ready-to-wear assortment collection includes outerwear such as goose-feather down-padded coats, a bomber and a vest, as well as shirts, skirts, dresses and jumpsuits. The collection was designed by Alessandro Michele and the campaign was shot by Daniel Shea. Watch the video below. Video: Gucci via YouTube Photo credit: Gucci, Facebook
http://dlvr.it/RpT5qT

2020: Fall of fashion brands, retailers and series of Chapter 11 bankruptcies

A look-back at the year 2020 reveals how fashion brands and retailers suffered the most due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other such issues. The coronavirus pandemic added to the woes of these already troubled retailers leading them to file for Chapter 11 bankruptcy protection. FashionUnited highlights some of the companies that failed to survive the tide during 2020. The end of Topshop and Arcadia would be the biggest UK collapse of the pandemic Once the king of the high street, Topshop parent company Arcadia would be the biggest corporate collapse during the time of the pandemic if it goes into administration. With its 500 store portfolio its closure would create giant craters in the high street leaving unfillable gaps. CBL files for bankruptcy CBL & Associates Properties Inc, a U.S. shopping mall operator, has voluntarily filed for Chapter 11 bankruptcy. The news was reported by Reuters. This makes CBL another casualty of mall operator bankruptcies as coronavirus put a major dent in some already struggling mall businesses. Canada’s Le Chateau Inc. seeks bankruptcy protection after 60 years in trade New York – Montreal-based Le Chateau Inc. stores announced earlier this week it would seek court protection from creditors and shut down its stores. The party gear retailer has been 60 years in the trade. Le Chateau has spent much of the COVID-19 pandemic trying to refinance or sell its business to a third party that would keep it in operation, but the attempts were unsuccessful, reported the Canadian edition of Yahoo Finance. Canadian boutique Tristan seeks creditor protection New York – Canada’s Tristan & Iseut Inc., a fashion brand founded in 1973, filed a notice of intention on July, 21 to seek protection under the Bankruptcy and Insolvency Act. The file was made publicly available by the company’s trustee MNP Ltd. According to MNP, this notice is often the first stage of a restructuring process, and protects companies from creditors until they can create a plan to reorganise. US department store chain Lord & Taylor files for bankruptcy US luxury department store chain Lord & Taylor has filed for bankruptcy, becoming the latest retail casualty of the Covid-19 pandemic. The company filed for Chapter 11 protection on Sunday, according to documents from the US Bankruptcy Court for the Eastern District of Virginia, along with its owner, French fashion rental subscription service Le Tote. Tailored Brands files for bankruptcy Tailored Brands, Inc., parent company of Men’s Wearhouse and Jos. A. Bank, has entered into a restructuring support agreement (RSA) with more than 75 percent of its senior lenders. The company said in a statement that to implement the terms of the RSA, the company has filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Southern District of Texas. New York & Co. begins liquidating stores after parent company files for bankruptcy New York – Fashion chain New York & Co. has already begun liquidating all its stores, two weeks after its parent company, RTW Retailwinds Inc., filed for Chapter 11 bankruptcy protection on July, 13. According to the filing, RTW Retailwinds is planning to close most of its brick-and-mortar stores, as well as possibly sell its e-commerce business and related intellectual property. Ann Taylor owner Ascena files for bankruptcy protection Ascena Retail Group, inc. has entered into a restructuring support agreement (RSA) with over 68 percent of its secured term lenders. The company said in a statement that the plan is expected to reduce Ascena’s debt by approximately 1 billion dollars and provide increased financial flexibility to enable the company to continue its focus on generating profitable growth. The company has filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Eastern District of Virginia. Brooks Brothers files for bankruptcy protection Brooks Brothers, a collegiate menswear brand founded in 1818, is the latest retail victim filing for bankruptcy protection. The 200 year-old company is hoping to keep creditors at bay while it searches for a buyer. The upmarket retailer is owned by Luxottica founder Claudio Del Vecchio, who bought the company from Marks & Spencer in 2001. The British arm of Victoria’s Secret files for creditor protection New York – The filing for creditor protection covering their UK’s business is a wrap to quite a hectic week for Victoria’s Secret. The lingerie brand’s parent group, L Brands Inc. is facing a lawsuit for records of “a toxic culture”, as it emerged on Thursday. Prior to that, L Brands saw their deal to spin off Victoria’s Secret cancelled amidst the major closures prompted by the global health pandemic. G-Star Raw's Australian arm enters administration Denim company G-Star Raw has put the Australian extension of their company into administration putting 57 stores and 200 jobs at risk. G-Star Raw, which is based in The Netherlands, has named Ernst & Young's Justin Walsh, Stewart McCallum and Sam Freeman as administrators. JCPenney files for bankruptcy to reduce debt J. C. Penney Company, Inc. becomes the latest retail giant to enter into Chapter 11 bankruptcy. The company said in a statement that the restructuring support agreement (RSA) with lenders holding approximately 70 percent of JCPenney’s first lien debt is expected to reduce several billion dollars of indebtedness and provide increased financial flexibility to help navigate through the coronavirus pandemic. Aldo Group files for bankruptcy protection Canadian footwear retail chain Aldo has filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada to stabilise the business. The court restructuring process began last week in Canada, explained Aldo, and it was seeking similar protections in the United States and in Switzerland, to help it stabilise the company in response to the ongoing Covid-19 pandemic that has shut its retail outlets. Neiman Marcus files for bankruptcy amid Covid-19 pandemic After J.Crew, Neiman Marcus Group Ltd LLC has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. As part of the process, the company said in a statement, Neiman Marcus Group has secured debtor-in-possession (DIP) financing of 675 million dollars from creditors to enable business continuity throughout proceedings. John Varvatos files for bankruptcy Menswear designer John Varvatos has filed for bankruptcy. The company listed assets of as much as 50 million dollars and liabilities of 100 million dollars. John Varvatos Inc is fully owned by Lion/Hendrix Corp, which also filed for bankruptcy according to Bloomberg Law. End of an era: J. Crew to file for bankruptcy protection J.Crew, the upmarket preppy retailer that once was the king of America’s mall brands, is preparing to file for bankruptcy protection according to multiple media sources. The struggling retailer is one of several high-profile U.S. chains including Neiman Marcus and J.C. Penney, that are on the verge of unraveling during the coronavirus pandemic. True Religion files for Chapter 11 amid economic struggle True Religion filed for Chapter 11 bankruptcy protection in a Delaware court this week. The denim brand attributed its financial struggle to store closures caused by the pandemic, on top of existing liquidity constraints. This is the second time in less than three years that True Religion has filed for Chapter 11. Picture credit: FashionUnited
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