Saturday, July 31, 2021

Video: JW Anderson collaborates with Persol

In this video, British fashion label JW Anderson has collaborated with Italian luxury eyewear brand Persol to create a sunglasses collection. Watch the video below. Video: JW Anderson via YouTube Photo credit: JW Anderson, Facebook
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Video: Dolce & Gabbana

Photo credit: Dolce & Gabbana, Facebook In this video, Italian luxury fashion house Dolce & Gabbana has presented its ready-to-wear DGCarretto summer collection. Watch the video below. Video: Dolce & Gabbana via YouTube
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VF revenues jump 104 percent, raises guidance

Image: The North Face First quarter revenue at VF Corporation increased 104 percent or 96 percent in constant currency to 2.2 billion dollars. The company said in a statement that excluding the impact of acquisitions, revenue increased 90 percent or 83 percent in constant dollars driven by VF’s largest brands and the EMEA and North American regions, which experienced a significant negative impact from Covid-19 in the prior year period. Operating results of VF Corporation Gross margin for the quarter increased 360 basis points to 56.5 percent, while on an adjusted basis, gross margin increased 260 basis points. Operating income on a reported basis was 203 million dollars and on an adjusted basis operating income increased 164 percent or 160 percent in constant dollars to 148 million dollars. Operating margin on a reported basis was 9.2 percent, while adjusted operating margin increased 2820 basis points. The company added that earnings per share were 39 cents on a reported basis. On an adjusted basis, earnings per share increased 148 percent or 144 percent in constant dollars to 27. VF raises full year guidance For full year fiscal 2022, VF said revenue is now expected to be at least 12 billion dollars, reflecting growth of at least 30 percent, including an approximate 600 million dollars contribution from the Supreme brand. This compares to the previous expectation of approximately 11.8 billion dollars, reflecting growth of approximately 28 percent. By segment, revenue for outdoor is now expected to increase between 24 percent and 26 percent versus the previous expectation of a 23 to 25 percent increase; revenue for active is now expected to increase between 37 percent and 39 percent versus the previous expectation of a 34 to 36 percent increase; revenue for work is now expected to increase between 16 and 18 percent versus the previous expectation of a 10 to 12 percent increase. The company further said that international revenue is expected to increase between 25 percent and 27 percent. By geographic region, in the EMEA region, revenue is expected to increase between 29 percent and 31 percent. In the Asia Pacific region, revenue is expected to increase between 18 percent and 20 percent. And, in the Americas (non-US) region, revenue is expected to increase between 28 percent and 30 percent. The company added that direct to consumer revenue is now expected to increase between 39 percent and 41 percent versus the previous expectation of 38 percent and 40 percent, including digital revenue growth of between 29 percent and 31 percent. Adjusted gross margin is expected to exceed 56 percent, which represents an estimated increase of more than 270 basis points. Adjusted earnings per share is expected to be at least 3.20 dollars, including an approximate 25 cents contribution from the Supreme brand. This compares to the previous expectation of approximately 3.05 dollars.
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Friday, July 30, 2021

Fashion Trend Snack by Christine Boland: the top 5 colours for SS22

Image credit: Sportmax SS21, and Miumiu SS22 via Catwalkpictures, and Pexels Of all the trends for next season, Christine Boland’s Trend Snack gives a ‘bite size’ report of the 5 must-do colours, fabrics, textures, patterns, silhouettes etc to incorporate into your fashion collection. Today we focus on the It-colours. #1 Bandaid beige as seen @ Boss, Hermés, Fendi & Max Mara Image credit: Pexels, and Hugo Boss SS21 via Catwalkpictures In the design language for SS22 we see a shift towards ‘less, but better’, to being content with the most common of objects which we once ignored in our previous high octane lives. A move also towards balance and wellbeing. This results in a big focus on warm neutrals and mid brownish nudes that remind us of Band-Aids, whole grain foods and home-baked bread. It serves as a soft and tender basetone for this summer’s minimal elegant aesthetic. #2 Surgical green as seen @ Boss, Salvatore Ferragamo & Sportmax Image credit: Pexels, and Hugo Boss SS21 via Catwalkpictures The fact that hygiene and disinfection have become a set element to our daily rituals has a massive influence on the trend colours for SS22. It translates into the clean and clear colours that resemble medical PPE. Specifically the fresh minty green hue of the surgical gown will be one of the key colours for next spring and summer. Staying true to the trends origin, we foresee surgical green to be a hit colour for total looks, or as an interesting colour accent next to a warm neutral. #3 Ultra-violet as seen @ Salvatore Ferragamo, Isabel Marant & Kenzo Image credit: Pexels, and Isabel Marant SS21 via Catwalkpictures The importance of hygiene will not only result in surgical green as a major player. Cool violet tones, referring to disinfecting UV light, too make their way into next season’s fashion. Although not entirely new (lilac has been a trend colour for a few seasons now), this variety has a bluer undertone, shifting it from a soft pastel to a more powerful bright. This ultraviolet colour is used all over, layered in different textures or as a metallic - emphasising its fluoresce character. #4 Wheatgrass as seen @ Miu Miu, Nina Ricci & Dior Image credit: Pexels, and MiuMiu SS21 and Dior FW21 via Catwalkpictures As our interest in nature and the botanical world deepens, we’ve developed an increasing passion for bizarre, unusual, colourful animals and plants. This culminates in a newly found love-affair with the colour green, ranging from natural tones to the more ‘artificial’ hyper-realistic ones. For next spring and summer we see yellow having a clear influence on the type of green. As a result, the most striking hue to watch is a vivid, nearly acid green tone that resembles the colour of your daily wheatgrass shot. #5 Sunset orange as seen @ Altuzarra, Sportmax, Marques Almeida & Tory Burch Image credit: Pexels, and Altuzarra SS21 and Sportmax SS21 via Catwalkpictures The turbulent and uncertain times we live in have resulted in a longing for a new way forward; a move towards a more calming, soothing pace and rhythm in this complex new world. This has developed into an increasing need for design and colours that give comfort and joy. And what embodies this better than the warm and reassuring orange hues that occur during sunset? Although a powerful colour, thanks to the frequently used ombre application and use of flowy fabrics this orange oozes that desired caressing softness. Find more trend insights from Christine Boland here.
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Wolverine Worldwide posts Q2 sales growth of 81 percent

Image: Saucony, Facebook For the second quarter of 2021, Wolverine World Wide, Inc. said, reported revenue was 631.9 million dollars, up 81 percent versus the prior year. On a constant currency basis, revenue was up 77.7 percent versus the prior year. The company said in a release that total direct-to-consumer reported revenue was up 17.5 percent versus the prior year and up 68.8 percent versus 2019. The company-owned ecommerce reported revenue was down 2.7 percent versus the prior year and up 90.7 percent versus 2019, and company-owned stores reported revenue was up 380.5 percent versus the prior year and up 19.2 percent versus 2019. “With record revenue in the second quarter and demand for our brands continuing to accelerate, we now expect to deliver meaningful growth this year over both 2020 and 2019,” said Blake W. Krueger, Wolverine Worldwide’s chairman and chief executive officer. Wolverine Worldwide posts Q2 earnings per share of 53 cents The company’s reported gross margin was 42.8 percent compared to 42.2 percent in the prior year, while adjusted gross margin was 44.5 percent compared to 42.2 percent in the prior year. Reported operating margin was 10.1 percent compared to 2.1 percent in the prior year, while adjusted operating margin was 12.6 percent, compared to 5.1 percent in the prior year. The company added that reported diluted earnings per share were 53 cents, compared to a reported diluted loss per share of 2 cents in the prior year. Adjusted diluted earnings per share were 67 cents, and, on a constant currency basis, were 65 cents compared to 8 cents in the prior year. Wolverine Worldwide raises full year outlook For the full 2021 fiscal year, the company now expects revenue in the range of 2,340 million dollars to 2,400 million dollars, growth of 31 percent to 34 percent versus the prior year, up 150 million dollars from the company’s previous outlook in February. The company said, this revenue outlook represents growth of 5.6 percent over 2019 at the high end of the range. Reported diluted earnings per share are now expected to be in the range of 1.85 dollars to 1.95 dollars and adjusted diluted earnings per share are now expected to be in the range of 2.20 dollars to 2.30 dollars.
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Podcast: Designer Spencer Phipps discusses sustainable fashion

Photo credit: Unsplash In this episode, Fashion your Seatbelt has interviewed American fashion designer Spencer Phipps about making sustainable fashion a masculine pursuit. Listen to the podcast below. Fashion Your Seatbelt · 076 Spencer Phipps is Making Sustainable Style A Manly Pursuit Source: Fashion your Seatbelt via SoundCloud
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Thursday, July 29, 2021

Aeffe snaps up remaining 30 percent stake in Moschino

Image: Moschino SS21 via Catwalkpictures Luxury group Aeffe has taken full control of Italian label Moschino after snapping up the remaining 30 percent of the brand. Aeffe first bought a 70 percent stake in Moschino in 1999 following the death of the brand’s founder, Franco Moschino. Prior to that, and since Moschino’s founding in 1983, Aeffe had been its license partner, responsible for the production and distribution of its women's and men's collections. But now the group, which also owns labels Alberta Ferretti, Philosophy di Lorenzo Serafini, and Pollini, has raised its stake to 100 percent, which the company said is an important step in its strategy to further integrate women’s collections into Aeffe Group. Aeffe takes full ownership of Moschino The price of the acquisition amounts to 66.6 million euros, which Aeffe said it would pay for through a mix of cash, credit lines and new medium to long-term loans. “The operation we have just concluded has long been considered an important step in our medium-long term growth strategy,” said Aeffe executive chairman Massimo Ferretti in a statement. “With the full control over Moschino brand, we are now in the best conditions to manage all activities related to the brand’s value chain, from product to quality and with positive effects on image, distribution and communication,” he added.
http://dlvr.it/S4f794

Athleisure brand Anatomie launches first menswear collection

Image: Anatomie Upmarket athleisure and performance brand Anatomie has launched its first full menswear collection comprising jackets, t-shirts, button-ups, blazers and trousers. The collection features the US brand’s signature wrinkle-resistant and quick-dry materials, with prices ranging from 98 dollars for a men’s v-neck t-shirt to 398 dollars for a safari jacket. The brand said the new collection was driven by “immense demand” from its female clientele who wanted to purchase similar apparel for their significant others. It comes as the athleisure market continues to go from strength to strength, fuelled particularly in the past year by new work-from-home habits adopted during the pandemic. The market is expected to grow by 19.5 billion dollars between 2020 and 2024, according to market research company Technavio. Husband and wife Kate and Shawn Boyer founded Anatomie in 2006 after spending years in the activewear business.
http://dlvr.it/S4f772

Pizza Hut has dropped a streetwear collection

Image: Pizza Hut In the latest edition of unlikely companies to launch fashion collections, Pizza Hut has announced a streetwear drop. The US restaurant chain has released a limited-edition capsule collection, aptly named ‘Pizza Hut Tastewear’, which comprises a tracksuit, t-shirt, slides, a bejewelled pepperoni chain and a cup, all in the company’s classic red and white colourway. The drop will be exclusively available at PizzaHutShop.com with prices from 9.99 dollars to 99.99 dollars. It is the latest in a long string of unlikely companies to try their hand at fashion in recent years, like Lidl, which last summer tapped into the burgeoning streetwear scene and its propensity for unique and often ironic products. The German supermarket chain dropped a pair of brightly coloured, retro sneakers at a price of just 12.99 euros. The shoes were a sellout success and soon made their way onto the resale market where they were being sold for hundreds of euros a pop.
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Wednesday, July 28, 2021

Macy’s appoints VP of treasury and corporate development

Image: Macy's media assets Macy’s, Inc. has named Prabhakar Iyer vice president, treasury and corporate development, effective immediately. In this role, the company said in a release, Iyer will oversee the treasury, insurance, corporate finance and development teams. He reports to Adrian Mitchell, chief financial officer of Macy’s, Inc., and is based out of the company’s New York City headquarters. “Prabhakar has extensive experience across all aspects of finance, with a strong understanding of capital markets, cash management, foreign exchange, treasury operations, M&A and investor relations. I look forward to working with him as we continue to strengthen our balance sheet and evolve our capital allocation strategy,” said Mitchell. Iyer joins Macy’s from Wolverine Worldwide, where he was vice president, finance and operations, leading FP&A and supporting the finance needs of the company’s global operation. Prior to that role, he spent more than 16 years in finance at General Motors.
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Theory collaborates with Lucas Ossendrijver

Theory has partnered with Lucas Ossendrijver, a Dutch fashion designer known for his activewear-infused hybrid tailoring aesthetic and innovative approach to materials. For Theory, Ossendrijver will design men’s and women’s capsule collections inspired by urban lifestyle codes. His first collections will be unveiled in 2022. After designing under Hedi Slimane at Dior Homme, Ossendrijver spent over 14 years as the head of Lanvin menswear, where he worked alongside Alber Elbaz. “I am thrilled to be collaborating with Theory, an iconic American brand whose mission presents a fresh creative opportunity at a time of incredible change,” said Ossendrijver in a statement. “This is the start of a new and exciting chapter in the evolution of Theory,” said Kazumi Yanai, chairman of Theory and Fast Retailing USA, in a statement. “We are just beginning a friendship with Lucas, one that I trust will strengthen our commitment to deliver exceptional design and value to our customers.”
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Video: Hermès presents its Kellymorphose jewellery collection

Photo credit: Hermès, Facebook In this video, French fashion brand Hermès has presented its Kellymorphose jewellery collection. Watch the video below. Video: Hermès via YouTube
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Tuesday, July 27, 2021

SS22: 8 key menswear trends

Dolce & Gabbana SS22 (left), Etro SS22 (right) Now that the Spring/Summer 2022 menswear shows have come to an end, FashionUnited reflects on the key takeaways from the collections. Keep reading to discover eight of the menswear trends that’ll come in full blast next summer. Casual tailoring Brioni Spring/Summer 2022. Photo credit: Courtesy of Brioni. Traditional tailoring is taking a step back to welcome a more modern version of this classic wardrobe style. Shapes are more relaxed and colours soften, creating low-key suits and pieces that can be mixed and matched for a less formal take on two-piece sets. At Dior, short-style suits came in an oversized cut and were paired with slides and socks; at Tod’s, timeless suit trousers were dressed down with relaxed quilted jackets while at Brioni, cuffs were rolled up and suit jackets were worn with nonchalance on the shoulder. Prints, prints, prints Ahluwalia Spring/Summer 2022. Photo credit: Courtesy of Ahluwalia. Next summer, prints will be mixed with…prints. Whether they come as colourful patchworks or monochromatic all-over patterns, prints will be in full swing. Bethany Williams paired neutral staples like a suit with colourful details - whether it be with delicate embroideries on a jacket or a multicoloured shirt. Ahluwalia opted for a checked sweater and a psychedelic-print bag while Lanvin showcased an all-over blue and orange look topped off with a checked coat. Dainty jewellery Dolce & Gabbana Spring/Summer 2022. Photo credit: Catwalk Pictures We’ve seen more and more jewellery details appear in next summer’s collections, from stacked necklaces to delicate belt ornaments. While some brands opted for a show-off effect, most of them chose dainty pieces that elevate an outfit instead of stealing the show. Dolce & Gabbana presented an oversized suit with layered necklaces on an open silk shirt and Dior chose a total-black look detailed with an elegant brooch and jewel belt peeking through a tailored coat. Graphic shapes Burberry Spring/Summer 2022. Photo credit: Courtesy of Burberry. The Spring/Summer 2022 collections have shown sculptural shapes and graphic cuts that stand out on their own. Trench coats are elevated with bold shoulders and blazers come in exaggerated dimensions. At Burberry, a sleeveless bomber jacket was uplifted with big ribbed trims and Louis Vuitton introduced nipped-in suit jackets outweighed by large shoulders for zaftig proportions that added dimension to the silhouettes. Colour galore Etro Spring/Summer 2022. Photo credit: Courtesy of Etro. Whether it’s in womenswear or in men’s collections, next summer will be bright and bold. Colours are making a grand entrance and will come in all possible shapes and sizes. Louis Vuitton presented an alpine landscape made of lush greens and bright pinks, Canali chose a fuschia total-look while Hermès opted for a cardigan and sweater ensemble in saturated sunset hues. Elevated sportswear Fendi Spring/Summer 2022. Photo credit: Catwalk Pictures. Sportswear isn’t going anywhere next summer, but it’s getting a polished update. Whether it’s with the help of refined cuts, luxurious fabrics or exaggerated minimalism, sporty pieces reach new heights and mix comfort with refined elegance. Fendi blurred the lines between casual and sporty with relaxed silhouettes paired with structured crossbody messenger bags while A-Cold-Wall* used layers and splashes of colour to lift up technical-inspired pieces. The slide sandal Dries Van Noten Spring/Summer 2022. Photo credit: Catwalk Pictures. When it comes to footwear, the slip-on - or slide sandal - will be the design of choice for Spring/Summer 2022. They’re easy to wear and offer a casual take on even the most elevated looks, making them essentials to reach for in the warmer months. Dries Van Noten finished off his silhouettes with oversized padded two-strap sandals and JW Anderson chose the classic swimming pool slide to upgrade it with the brand’s colourful moniker. At Dior and Fendi, they came with furry straps for an even cosier look. Oversized proportions Wooyoungmi Spring/Summer 2022. Photo credit: Courtesy of Wooyoungmi. Jackets, shirts, trousers and shorts alike will come in oversized cuts next summer. They’ll both offset skinny-fit pieces and complement exaggerated and bulky proportions. At Lanvin, shorts were cut in an extra-long hem whereas Giorgio Armani presented a loose knee-length option. We’ve seen a breezy maxi shirt at Dior in a monochromatic black and white colour scheme and a pinstripe button-down hitting at the thighs at Dries Van Noten.
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H&M renounced as FC Barcelona uniform sponsor due to Chinese cotton controversy

Image: H&M x Lover’s FC When China began to boycott brands who made political statements against Xinjiang cotton, the repercussions potentially equalled a loss of local sales. But as political motivations travel far beyond Chinese borders, western companies are being forced to choose sides too. One such company is Barcelona’s star football club. Affectionately known as Barça, the team was to be sponsored by H&M as uniform outfitters. But not any more. When H&M raised doubts about the respect of civil rights towards China’s Uighur minority, who are essentially the local cotton pickers, it faced a local backlash with its 500 stores disappearing from China’s main geolocators. In light of H&M and China’s cotton row, team FC Barcelona temporarily suspended all negotiations for sponsorship, which would have equalled approximately three million euros per year for the Catalan-based club. The move comes after an American manager of Houston’s NBA basketball team tweeted sympathetic support for Hong Kong’s protesters in 2019. The response triggered the wrath of the Chinese government, who suspended the airing of its games in a boycott which lasted nearly one year. This forged a loss of 400 million dollars for the basketball league. The value of the sponsorship is not worth the possibility of retaliation.
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Podcast: Girlboss discusses e-commerce marketing

Photo credit: Girlboss In this episode, Girlboss has spoken to digital consultant Ceilidh Macleod about how to become an e-commerce marketer. Listen to the podcast below. Source: Girlboss via Spotify
http://dlvr.it/S4Vvbk

Monday, July 26, 2021

Schiaparelli launches Lady Gaga brooch to benefit charity

Image: courtesy of Schiaparelli Couture house Schiaparelli is selling the oversized dove brooch that Lady Gaga wore to the inauguration of US President Joe Biden in January to benefit the singer’s Born This Way Foundation. The Schiaparelli Dove brooch in hammered gold shows a dove carrying an olive branch, as a symbol of peace and hope, and will be available in three different sizes, from Schiaparelli, Bergdorf Goodman and Dover Street Markets. The dove has a long history at Schiaparelli and is one of the design house’s most well-known motifs. Founding designer Elsa Schiaparelli, left for the US to escape World War II and was wearing her favourite brooch, a dove pinned to the suit when she arrived in New York. It has since then been used in the form of prints on gowns or as accessories. Daniel Roseberry, creative director at Schiaparelli, said in a statement: “Like so many of us, I have been inspired by Lady Gaga and her Born This Way Foundation for years. Her inauguration performance, and the symbolic Dove Brooch, is a milestone in the history of this Maison and in my life. “It is with great pride that we are able to contribute to Gaga’s foundation and the remarkable work it has done in the lives of young people everywhere, moving them towards more freedom, kindness, and love.” Image: courtesy of Schiaparelli The brooch will benefit the Born This Way Foundation, a charitable organisation that Lady Gaga co-founded with her mother Cynthia Germanotta with the mission to support youth mental health and work with young people to build a kinder and braver world. Germanotta, co-founder and president of Born This Way Foundation, added: “My daughter and I, along with the young people we work with every day, believe kindness is the way forward from the overlapping, ongoing crises of the last year and a half. We couldn’t be more grateful to have the proceeds from the Schiaparelli Dove, a beautiful symbol of hope and new beginnings, benefit our work and mission to build a kinder, braver world. “With the support of Schiaparelli, we will continue to follow the lead of this aspirational, hopeful generation to build movements that address youth mental health and connect them to the resources they need to not only survive their lives, but thrive.”
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Formal dress marketplace Queenly secures 6.3 million dollars in funding

Image: Queenly Queenly, a search engine and marketplace for women’s formal dresses, has raised 6.3 million dollars in funding. The company, which offers a mix of pre-loved items and new products from retail partners, said it will use the new funding to help grow its team and scale out its operations and engineering features. The round was led by US private venture capital firm Andreessen Horowitz, bringing Queenly’s total funding to date to 7.1 million dollars. During the pandemic, Queenly has grown its user base to over 125,000, and currently lists 60,000 dresses with a total inventory value of 15 million dollars. The company, founded in 2019 by Trisha Bantigue and Kathy Zhou, uses ML-driven search engine and computer vision technology to categorize dresses. The company said it is tapping into the “large, underserved formalwear market” which has seen “little to no disruption from Silicon Valley”. The formalwear market in North America is currently worth 15 billion dollars, according to Queenly. In the US, prom season alone is worth 4 billion dollars.
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Armani sees sales bounce back in first half of 2021

Image: Giorgio Armani Giorgio Armani reported a 34 percent growth in sales in the first half of 2021 as the Italian fashion powerhouse bounces back to profitability. On Sunday Chairman and CEO Giorgio Armani said in a statement: “The goal is to return to pre-pandemic levels by 2022, (the business took) over 2 billion euros in direct consolidated revenues.” China and the US were integral to the rebound, although the company doesn’t expect a full recovery to happen until next year, offsetting pandemic losses of 25 percent to 1.6 billion euros in the first half of 2020. “The drop in revenues in 2020 should be read not only as a consequence of the pandemic, but also in line with Giorgio Armani’s own strategic principle of ‘less is more’,” said Armani Deputy Managing Director Giuseppe Marsocci. Armani reports strong sales growth According to Reuters, the Milan-based group did not give the value of total sales in January-June but said the positive sales trend so far this year pointed to a much better profitability scenario for 2021. In 2020 the group made a consolidated net profit of 90 million euros but an operating loss (EBIT) of 29 million euros. It also said on Sunday that its financial position improved significantly in the first half with net cash and cash equivalents of 1.088 billion euros “ensuring the financial resources necessary for the Group’s medium to long-term stability and growth”. At the start of the pandemic Mr Armani was one of the fist designers to respond, canceling his runway presentation during Milan Fashion Week. The company donated millions of euros to Italy’s hospitals and transformed its production plants to make single-use medical overalls, even converting the company’s corporate gym into a Covid-19 testing space for nasal swabs.
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Sunday, July 25, 2021

Podcast: Conscious Chatter interviews founder Akilah Stewart

Source: Conscious Chatter via Libysn In this episode, Conscious Chatter has interviewed Akilah Stewart, the founder of the creative waste management company, Fatra, which creates luxury handbags from recycled fabrics and plastics. Listen to the podcast below.
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Podcast: UnEdited discusses the future of digital fashion

Photo credit: Unsplash In this episode, UnEdited has discussed the future of digital fashion with the founder of The Diigitals, Cameron-James Wilson. Listen to the podcast below. Source: UnEdited via Spotify
http://dlvr.it/S4NbsS

Lindex owner Stockmann reports Q2 revenue, profit growth

Image: Lindex, Facebook Finnish fashion group Stockmann has reported a 21.4 percent increase in consolidated revenue to 228 million euros in the second quarter of the year. For the three months to June 30, the group reported an operating profit of 26.3 million euros compared to a loss of 0.4 million euros a year earlier, and an adjusted operating profit of 26.7 million euros compared to a loss of 0.8 million euros. Its gross margin increased to 60.5 percent from 54.1 percent. For the half year, the group reported a 6.5 percent increase in consolidated revenue to 383.7 million euros. The company reported an operating loss of 1.4 million euros, compared to a loss of 28.3 million euros a year earlier, and an adjusted operating profit of 5.6 million euros compared to a loss of 25.9 million euros. Gross margin for the half year increased to 58.8 percent from 54.2 percent. The group, which owns Swedish fashion chain Lindex, said it expects “a clear increase to the group revenue and the adjusted operating result to be clearly positive assuming that no major Covid-19 restrictions are imposed”.
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