Friday, June 24, 2022

Zalando lowers outlook as consumer confidence dips

Image: Zalando Zalando SE has issued an update for the second quarter 2022 and revised its guidance for the financial year 2022 as the company said, macroeconomic conditions have further deteriorated during the second quarter of 2022 with the EU consumer confidence index decreasing further in June. For the second quarter 2022, management expects gross merchandise volume (GMV) growth, revenue growth and adjusted EBIT to be significantly below analyst estimates as of May 31, 2022 of 5 percent GMV growth, 1.5 percent revenue growth, and a 104 million euros adjusted EBIT. The company added that the second quarter is profitable but weaker than expected. Commenting on the revised outlook, Robert Gentz, Zalando’s co-CEO, said: “While this new environment is creating a negative impact on our financial performance, our strategy and long term goals are unchanged." Zalando lowers full year guidance The company’s previous outlook, from early May, pointed to the lower end of full year guidance based on anticipated challenges but also early signs of a potential recovery. Management now expects macroeconomic challenges to be longer lasting and more intense than previously anticipated. As the company no longer assumes a rebound of consumer confidence in the short-term, it is updating its guidance for the full year 2022. The company now expects GMV to grow 3 percent to 7 percent to 14.8 to 15.3 billion euros for the financial year 2022. Revenue is expected to grow between 0 percent to 3 percent to 10.4 to 10.7 billion euros with an adjusted EBIT of 180 to 260 million euros in the same period. Capital expenditure is expected to be in the range of 350-400 million euros. The revised full year outlook implies an acceleration of growth and a significant improvement in profitability in the second half of 2022 based on an ongoing company wide effort to adjust the offer to changing customer demand and to drive efficiencies across all cost lines. The company will publish its financial figures for the second quarter on August 4, 2022.
http://dlvr.it/SSmCqh

Thursday, June 23, 2022

Italian menswear industry recovers as dress codes blur

Image: Nick Leuze for FashionUnited Italy’s menswear sector is recovering from a slump during the pandemic. Amid easing coronavirus restrictions and rising sales, fashion brands look to redefine what men will wear as they return to offices and go on vacation. You know men are serious about fashion when they don’t mind sweating in bespoke suits as temperatures soar above 35 degrees Celsius. More of those sartorial aficionados could be spotted last week at Pitti Uomo in Florence as the menswear fair recorded its best season since the outbreak of the pandemic. According to preliminary estimates, 11,000 attended the event, compared to 8,000 in January when travel restrictions and lockdowns still gripped the industry. 'The menswear market is restarting' The recovery of the Italian menswear industry started last year, when sector sales increased 15.2 percent to 9.4 billion euros from 8.2 billion euros the previous year, according to a study by associations Confindustria Moda and Sistema Moda Italia. Image: Liu Jo “The menswear market is restarting,” said Antonio Ricciardi during an interview in Florence on Thursday. He is the commercial director of Cocama Srl, the company that holds the licence for the menswear line of Italian fashion brand Liu Jo. The brand started to sell its men’s collection via wholesale in 2020 and hopes to double its menswear revenues from 46 million euros in 2021 to 100 million euros in 2025. “In our retail, I can see the need for men to dress up and come back to fashion again,” said Ricciardi. “The men in this moment have to reinterpret the new contemporary formal.” Liu Jo proposes styles in which denim, a central part of its collection, is mixed with formal pieces, such as a denim jacket combined with chino trousers. Denim is a growing category in menswear this year. Italian retailers from mass to luxury fashion have increased their denim offering by 42 percent in the three months to June 21 compared to the same period 2020, data from retail intelligence company Edited shows. Comeback of the suit The upbeat sentiment was echoed by the brand Antony Morato from the vicinity of Naples. “2021 has been a good year for us, we have registered a plus-21-percent increase versus 2020; and 2022 is going even better,” said chief executive officer Lello Cardarelli by email. The brand increased sales by 22.3 percent to 23.6 million euros in the first quarter. “We’re doing even better in these months and we have a forecast of closing this year at 80 million euros,” he added. Image: Antony Morato In the first part of the year, the strongest trend for the company was “formal fashion”, said Cardarelli. The founder of Antony Morato believes that this will continue for the remainder of the year as customers begin to attend events and public occasions again. “Suits will certainly be 2022 best-sellers,” he predicted. The demand for suits has fluctuated in recent years. In early 2020, before the spread of the coronavirus, suiting and tailoring categories were prevalent across Italian retailers, said Edited market analyst Krista Corrigan by email. One year later, the number of new items online declined by 37 percent as brands scaled back offerings in light of lockdowns and cancelled events. The category rebounded in 2022 with sell-outs of suits and blazers increasing 91 percent from 2020. Comfort and ease The comeback of the suit signals a rejuvenated desire to dress up; however, men don’t want to let go of comfort altogether. “Things are getting a little bit more classic again. It’s still casual but with a little bit more weaving and more buttoned up,” said Katie Liu, partner of multi brand menswear showroom Black Dog from New York, at a panel at Pitti Uomo. Even the Italian market, traditionally revered for its smart style of dressing, was forced to turn to loungewear and comfort apparel during lockdowns, said Corrigan. And the trend to cosy apparel prevails: Hoodies and sweatpants are still experiencing double-digit growth compared to two years ago, data from Edited shows. Hoodies increased by 43 percent in the assortment of retailers in the three months to June 21 from the same period in 2020 and sweatpants by 77 percent. Image: Tombolini Men are seeking more comfort, said Jacopo Ferranti, communication manager at Tombolini Fashion Group. Currently, customers prefer items from the company's running line to classic suits; there is a preference for stretchy, comfortable and easy fabrics. Tombolini presented its new Zero Gravity suit at Pitti Uomo - a set comprising a blazer and trousers with relaxed fit that can be cleaned in the washing machine. Green longevity “The company has to be flexible and fast in answering customer demands that are changing everyday,” Ferranti explained last week at the fair. Tombolini is also reacting to the trend for sustainable fashion by introducing jackets from recycled polyester, and hemp that has the appearance of leather. “Today, people are very careful about buying good and well-done products and will eventually spend more,” said Raffaello Napoleone, the chief executive officer of the fair organiser Pitti Imagine Srl, during an interview on Friday. The booming resale market – also a reflection of more conscious shopping behaviour – is one of the factors spurring demand for high quality items that can be sold again. Image: AKAstudio-Collective “The very high end of the market is performing well. The middle market is performing but is not as successful as the high end,” said Napoleone about the current Italian menswear market. Rise of vacation wear Other rising categories in menswear are beachwear and swimwear. They have been an afterthought for buyers in the past but not anymore, said Katie Liu. As people catch up on vacations, retailers should also consider related fashion items such as a blazer for an after-beach dinner. Since travel is back “with a vengeance”, swimwear offerings at Italian retailers have jumped 17 percent compared to 2020 and majority sell outs are up 72 percent, data from Edited for the three months to June 21 show. When vacation was halted during the pandemic, the category declined 7 percent in 2021. “Now, it’s starting pretty well again,” said Pierfrancesco Virlinzi, the founder of swimwear brand Piersicilia. “People want to go to the beach, they want to travel.” He expects that business will grow again, especially in physical shops. His stockists reported an early start of the season this year as people are flocking to luxury hotels and resorts from the French Riviera to Greek islands, which are the main point of sales of the young Sicilian menswear brand. Virlinzi is hoping to double sales in 2022. Image: Piersicilia The outlook Even though Italian menswear sales recovered in 2021 from a slump during the pandemic, they still haven’t surpassed the all-time-high of 10.5 billion euros reached in 2019, the study by associations Confindustria Moda and Sistema Moda Italia shows. Nonetheless, the market for Italian menswear will continue to grow as sales have largely remained on an “upward trajectory” – except for the decline during the pandemic year of 2020, according to Napoleone. “It will grow because there are not many alternatives. Europe and especially the United States will remain the driving forces of the menswear industry,” he said. In the past year, Italian menswear exports rose to 6.6 billion euros surpassing 2018, with Germany, France, the UK and the US as top destinations. It will be hard to reach the sales level of 2019 this year because of many uncertainties such as the war in Ukraine, spiralling energy prices, inflation and markets such as Japan just emerging from Covid restrictions, Napoleone said. When dress codes are gone Only knitwear outperformed sales levels of 2019, while categories like confection, leather goods and shirts stayed behind,data by Confindustria and Sistema Moda show. And tie sales even continued their decline from before the pandemic. The reluctance of men to invest in ties and their unabated demand for body-hugging, comfy knitwear underline that men still prefer comfort to formality. Two years after the outbreak of the pandemic, men will want to look “well-dressed and put-together but there is not necessarily a formula anymore,” said Josh Peskowitz, a New York-based brand director and consultant for Naples-based menswear label Sannino Napoli, during a panel at the fair last week. “Men have tried to fit in, at least in the past,” he said, referring to dress codes such as the traditional suit, but these rules no longer apply. The new world can also be a scary place: “There is so much freedom, the codes are gone.”
http://dlvr.it/SSjSWK

Farfetch unveils second conscious luxury trends report

Image: Farfetch Consumers are choosing to shop more consciously, according to Farfetch’s second annual conscious luxury trends report, which reveals that the number of its customers who purchased a product from its conscious collection increased 60 percent year-on-year in 2021. France experienced the strongest growth globally in conscious shopping on Farfetch with an increase of 149 percent year-on-year in gross merchandise volume (GMV) from conscious products and South Korea demonstrated the biggest increase in pre-owned spend per item (ASP), up 116 percent year-on-year. The report, which looks at how luxury consumers interact with conscious products, including pre-owned and circular services on Farfetch, found that customers are continuing to shop more consciously and that brands and boutiques on its platform are also responding to rising consumer demand by consolidating and increasing their commitments to improve their impact on people, planet and animals. Farfetch now sells 220 brands that are rated highly by Good On You, up 13 percent year-on-year, and the amount of conscious products on the platform supplied by its network of boutiques grew 40 percent, while GMV from conscious products from boutique partners was up 46 percent. Shopping for conscious products continues to gain popularity, according to Farfetch Farfetch adds that its shoppers are wanting to be more responsible, as searches for conscious product terms on Farfetch increased by 93 percent year-on-year, and the sale of conscious products grew 1.8 times faster than the marketplace average over 2021. Brands that score highly with Good On You and are rated by Farfetch as fully conscious represent 49 percent of GMV from conscious products, up 52 percent year-on-year. Customers on Farfetch also have a new focus on buying quality pieces with longevity in mind, with 79 percent adding that they are now buying a higher proportion of luxury fashion because they believe it is more sustainable than fast fashion, being of higher quality and longer-lasting. The demand for pre-owned luxury is also growing and attracting high-value customers, with 20 percent of survey respondents purchasing a pre-owned fashion item in the past year. While views of pre-owned items were up 150 percent year-on-year, and 65 percent of pre-owned GMV comes from Farfetch’s highest-spending private client and platinum customers. Farfetch also reveals that its circular fashion initiatives are resonating with customers and these services and are “attracting new and valuable customers,” looking to extend the life of their items. 22 percent of survey respondents said that in the last 12 months, they have started selling fashion items they no longer use, while 20 percent added that they have donated a used fashion item in the last year, and 13 percent said they have repaired one. Thomas Berry, senior director of sustainable business at Farfetch, said in a statement: “As the platform for luxury we have a unique view derived from over 3 million active consumers and over 1,400 luxury sellers on the marketplace. It’s clear from the data that consumer appetite for more conscious and circular ways of engaging with fashion continues to grow, and that brands are responding to the opportunities that this trend presents. “In line with our Positively Farfetch strategy, we hope the insights in this year’s report help our partners, and the wider industry to continue to think, act and choose positively.”
http://dlvr.it/SSjSRy

Maaree launches collaboration with Skipping With Sarah

Image: Maaree In Pictures Sports bra and performance apparel brand Maaree has launched a limited-edition collaboration with jump rope content creator Skipping With Sarah. The Maaree x SkippingWithSarah collection features “stylish, functional and solution-focused leggings and cycle shorts” to support women of all shapes and sizes to confidently jump rope and keep active. The high-waisted legwear aims to address fit, feel and function to stay up, stay snug and feel comfortable while skipping, and banish the slipping down and pulling up concerns that most women have when exercising. To achieve this the leggings and shorts in the collection are made from a four-way stretch, sweat-wicking and breathable fabric and they have a high waist and hidden drawstring to keep them in place. The designs also have a hidden waistband pocket for a credit card, key or money and two side pockets. Image: Maaree In addition, the leggings have been made petite-friendly and come in two lengths, regular 28-inch and short 25-inch, across all sizes XS – XXL. They have also been designed in neutral colourways to complement Maaree’s upper-body wear to easily mix and match with its sports bras, T-shirts and hoodies. The leggings come in forest green and poseidon blue, while the cycle shorts are available in charcoal and plum. Image: Maaree Commenting on the collaboration, Skipping With Sarah’s, Sarah-Louise, said in a statement: “This is all about creating a pair of leggings or shorts which are comfortable both on and off the rope, addressing fit, feel, functionality and price point. Since I started skipping in 2020, I’ve struggled to find legwear that ticked all those boxes. “As a follower and fan of Maaree, the brand story and ambition, it made perfect sense to team up and create a collection of products that show everyone that skipping is accessible to all, regardless of size and shape; it’s what you wear that supports and empowers you to feel your best and have fun. I hope our collection and the message behind it will both raise awareness about skipping as an activity and inspire more women to discover and explore the sport.” Image: Maaree Maaree founder Mari Thomas added: “I’ve been a fan of Sarah-Louse since the very early days of her skipping journey; she was inspirational to watch as she developed amazing skills in a very short time. To be able to join forces to alleviate frustrations around skipping and the right workout gear has been incredible. “Challenging traditional designs and offering women-first solutions to products, was how Maaree and our now award-winning sports bra designs came about. To have the privilege of working with another like-minded female to solve another female active lifestyle issue, has been so exciting and rewarding. I hope the collection and the story behind it, will be embraced by our communities.” The Maaree x SkippingWithSarah shorts retail for 35 pounds and the leggings for 49 pounds. Image: Maaree Image: Maaree Image: Maaree
http://dlvr.it/SShvM7

AMC and Andy Murray unveil Wimbledon collection

Image: AMC In Pictures AMC, the tennis apparel label from Andy Murray and Castore, the sportswear brand he has a stake in, has unveiled a new performance-focused ‘Championship Collection,’ ahead of this year’s Wimbledon. The AMC Championship Collection features the brand’s latest premium range of training gear, alongside the kit that Murray will wear throughout the tournament, which is described as “technically crafted, classically designed and ready to perform on the grandest stage of tennis”. Murray will wear a technical polo with a classic tennis silhouette made with a unique jacquard knit, which is designed to optimise breathability with moisture-wicking properties to keep athletes cool and focused during play. The shirt is also ergonomically cut to enhance movement and features a zip instead of the classic button placket. Image: AMC The technical shorts are also made from the same fabric as the polo to maximise reach and movement during play and feature an elasticated waistband with drawcord adjustment and extra deep pockets for storing tennis balls during play. While the training kit offers “next-level tennis essentials” designed to elevate performance in training. This includes a 1/4 zip layer for warm-ups and cool-downs and training T-shirts crafted from high-stretch and breathable materials and carry a pattern inspired by the court markings at centre court. Tom Beahon, co-founder of Castore, said in a statement: “The AMC brand extends far beyond the traditional athlete/sportswear brand norms. We share a love of tennis and a desire to revolutionise how the sport is presented in Britain. The Championship Collection brings our sportswear innovation to tennis once more – inspired by Andy’s unfiltered passion for the sport and the prestige carried by this competition.” Image: AMC Image: AMC Image: AMC Image: AMC
http://dlvr.it/SShPvF

Sustainable goods see decline due to high cost, yet luxury sales grow

Image: Pexels With inflation rates at a forty year high as recession predictions swirl around the financial sphere, it would make sense to see a decline in discretionary spending as the cost of gas and daily essentials rise. While Morning Consult did find that consumers cut back on spending from February to March this year—with US apparel registering a one percent decline—the National Retail Federation (NRF) released a statement a month later sharing encouraging stats that showed clothing and accessory store sales were up 0.8 percent month over month. “April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility, and global unrest,” NRF President and CEO Matthew Shay said, with the trade association’s Chief Economist, Jack Kleinhenz, adding, “it shows consumers are taking higher prices in stride.” However, when it comes down to that willingness to spend, it would appear that taking higher prices in stride is not allocated to all clothing equally. The “green premium” keeps sustainable item sales down Professional services firm Deloitte emphasized financial anxiety as a top concern in updated data released from their Global State of the Consumer Tracker project that explores consumer priorities on a monthly basis through surveys conducted in over twenty countries. Concerns about high prices were expressed by over 80 percent of respondents in both the US and the UK as of May. Showing how these concerns play out more specifically, Deloitte shared in an article on the company site Friday that sustainably produced products generally have seen a decrease in demand between September 2021 and March 2022. Over the past four weeks, the article revealed, consumers skipped sustainable options as 41 percent deemed them too costly, 24 percent responded that sustainable products were not a priority, and 13 percent cited unwillingness to wait longer to obtain such products. Survey results also emphasized how income inequality limits who is able to participate in the sustainable market, as findings showed only higher-income consumers are still willing to pay more—34 percent of those who did buy a sustainable good or service in the last four weeks acknowledged that they paid significantly more than an alternative option. But with investment in technological advancements and innovation, there is still hope that accessibility will increase, as shown with personal computers and flat screen TVs over time. Regardless of consumer demand, Deloitte states in their Global Turning Point Report, released during the World Economic Forum's annual meeting in May, that ignoring climate change is not an option. Left unchecked, their analysis estimates global warming could cost the global economy 178 trillion dollars over the next 50 years. Luxury sales defy inflation belt-tightening Even though inflated prices are a top concern worldwide, the luxury sector appears immune. American consulting firm Bain released projections Tuesday that global luxury goods sales are set to rise at least 5 percent this year to 320 billion dollars in the conservative version of their estimation. Even with affluent Russian shoppers shut out of the market and Covid lockdown disruptions in China, luxury sales have remained strong during the pandemic recovery due to demand in Europe and the US. In 2021, Bain counted the United States as the single largest national luxury market, even as Forbes noted that luxury fashion brands like Louis Vuitton, Hermès, and Chanel raised prices substantially, without much consumer resistance thus far. The dichotomy in luxury spending habits It is hard to reconcile more exorbitant consumer spending, during financially stressful times, on luxury for the sake of a brand name versus resistance to spending on luxury for the sake of the planet. Of course, those two versions of luxury are not mutually exclusive as several of the top luxury fashion brands are making investments in the needed technological advancements and innovation mentioned earlier, in order to produce less carbon intensive materials, eventually at scale. With global livestock—particularly cattle—contributing 14.5 percent of all anthropogenic greenhouse gas emissions, according to the Food and Agriculture Organization (FAO) of the United Nations, Hermès, Stella McCartney, and others are backing next generation materials by companies like Mycoworks and Bolt Threads that may become viable replacements for cowhide leather one day, assuming they can truly be plastic-free. In circularity efforts, LVMH brands now work with Weturn, a startup credited with creating the first recycling chain dedicated to transforming proprietary, unsold textiles and waste fabric into new quality yarns for fashion houses to reuse. Those materials historically have been shredded or burned due to their intellectual property protections. The fashion resale market that surged in 2021 also conflates eco-friendly and luxury characterizations because clearly, extending the life of clothing as much as possible is sustainable too. Luxury brands are even warming to the secondary market more officially by approving dedicated resale platforms for their goods—as Alexander McQueen has done with Vestiaire Collective and Stella McCartney with the RealReal. But that is not the entire picture. There are thousands of independent brands and emerging designers around the world—many featured here on FashionUnited—that are operating more and more sustainably from inception: they source locally while supporting regional ecosystems, upcycle materials, use dyes with natural ingredients, produce less waste due to their size, represent a more diverse range of creators and workers, and yes, their items typically cost more than similar alternatives. During the height of the pandemic in 2020, all businesses suffered setbacks as entire economies shut down. But as Vanessa Friedman highlighted in the New York Times, the independent brands, the “underpinnings of the American industry,” faced bankruptcy. At the time, as Friedman pointed out, 40 percent of the members of the Council of Fashion Designers of America (CFDA) were brands worth under 1 million dollars. In contrast, a brand like Chanel had an operating profit of 2.05 billion dollars that year, even after a 41 percent decline from suspended operations. If the world economy shrinks, it will likely be the less recognizable independent brands, the emerging talents of the industry who take the largest hit again, especially those, as indicated in the Global State of the Consumer Tracker, who use responsibly made materials with fewer environmental impacts that cost more—as all brands large and small are implored to do to reduce emissions. In an March article published in Forbes by a market researcher of affluent consumer behavior, Pamela Danziger, she explored how quality and sustainability have taken a backseat to the desirability of high price just for the sake of it. She examined a study by researchers Joel-Noël Kapferer and Pierre Valette-Florence that focused on consumer motivations for accepting high luxury brand prices in both Western and Eastern cultures. “Unexpectedly, the pursuit of high quality is not a driver,” was one conclusion. Instead, obtaining status and exclusivity is what moves buyers to justify the expense, not anything about the environment. “Price functions as a fee for the right to exhibit the logo of a well-known brand and co-brand oneself,” they added. What a state of the consumer.
http://dlvr.it/SShPtr

Wednesday, June 22, 2022

Boohoo launches modest collection with GFW designer

Image: Boohoo In Pictures Fast fashion e-tailer Boohoo has launched its first modest collection with Graduate Fashion Week (GFW), designed by fashion design graduate Sameera Mohmed from the University of Central Lancashire. The 30-piece womenswear collection has been designed with modesty in mind, made with opaque fabrics, floor-length hemlines, longer sleeves and relaxed silhouettes. Key styles include co-ord suits and tracksuits, satin dresses, modest swimwear, oversized poplin dresses and bright headscarves. Image: Boohoo Boohoo partnered with GFW in October 2021 to launch a competition to challenge graduate talent to design four complete outfits with a focus on creating a more sustainable commercial range for the e-tailer. As the winner, Mohmed received a 3,000 cash prize and the chance to develop her collection commercially with the brand. The concept behind Mohmed’s collection was “to create a diverse, more sustainable and modest clothing range which caters to all women no matter their race and belief,” explains the graduate, while taking inspiration from influencer Batul Bazzi, who “shows that modesty can still be fashionable”. Image: Boohoo Boohoo design manager, Penny Armstrong, said in a statement: “Sameera’s work really stood out to us when reviewing all of the entries, the focus on modest clothing as well as sustainability was refreshing and something that ties with our journey in actioning solutions to a more sustainable boohoo future. “We loved that Sameera really looked at the website as a customer and identified products that we need to include in our more sustainable ranges. I think Sameera really tapped into our Boohoo values and the mood, ideas and product were true to our ever-expanding customer base whilst also being ready for the future.” Image: Boohoo Image: Boohoo
http://dlvr.it/SSf134

Miracle Miles Group secures 100 million dollars in funding to boost global expansion

Image: Dream Pairs, Facebook Miracle Miles Group has raised 100 million dollars in funding to boost its “aggressive expansion” into the global market. The Series A funding round was jointly led by IDG Capital and Sequoia Capital China. Miracle Miles Group, whose portfolio comprises footwear brands Dream Pairs, Bruno Marc, and Nortiv8, said it will use the capital to reach more customers in its home market of the US, as well as in wider America, Europe, and Asia in the next two to three years. The group’s founder Brian Cao noted that the funding round was closed despite “a particularly challenging and turbulent capital market”, which he said proved “the confidence of world-class investors” in the strength of the business. He also said the group is developing an intelligent cloud platform to analyze the industry's big data in preparation of its global expansion. “Establishing highly-efficient digital management systems enhances the entire product life cycle from product design and development to end-consumer business,” he said.
http://dlvr.it/SSf0zC

Poor leadership, escalating tuition, and the corruption of fashion education

Credit: Pixels by Pixabay Exclusive Fashion schools had already been suffering from a steady decline in enrollment, astronomical tuition fees and speculation that a third level education was no longer a prerequisite to a successful career. Then the pandemic came along and exposed the cracks in fashion education's very foundation. The Great Resignation dominating headlines has not spared our field with such recent high profile exits as Simon Ungless, Director of Fashion at Academy of Art University in San Francisco; Shelley Fox, Director MFA Fashion at Parsons School of Design in NYC; and Walter Von Beirendonck from the Royal Academy of Fine Arts in Antwerp. FashionUnited speaks to Ungless and others in a wide ranging conversation about the state of education today. Some instructors who we interview end up pulling out for fear of reprisals from their institutions as we explore the impact of school leadership during the worst months of Covid. “If I wasn’t leaving, I’d definitely get fired. I no longer care. I’ve been sat here for two years watching the bolstering of the executive team, patting themselves on the back for how they’ve survived the pandemic, but chipping away at the foundations,” says Simon Ungless. “You may as well just build your house on quicksand. There’s no understanding of how this pyramid of education works.” Ungless’s distress at having to reduce faculty hours, remove weeks from contracts, eventually terminate positions altogether was detailed in our first report. He acknowledges that there was no precedent to follow in March 2020 when Covid hit, but his unique position made him realize the extent of the problems that it brought to the surface. “When you are a teacher who is also part of the management you are in the trenches and in the boardroom,” he says. “I’ve always been more in the trenches than wanting to hang out in the boardroom.” During lockdown Ungless continued to do his utmost to make opportunities happen for his BFA students who were creating their final collections. He arranged Zooms with renowned journalists such as Suzy Menkes or Sarah Mower, Fashion Critic at Vogue Condé Nast Americas; scheduled critiques with designers such as Andre Walker, Lutz Huelle, Giles Deacon; organized photoshoots with models that summer. “In some ways we were potentially risking our health to make all the assets to help students have the material for their portfolios,” he says. “I didn’t feel that was reciprocated from the management. I don’t think it was valued.” Recent studies show that senior leadership and management style is more likely to drive teachers out of the profession than working hours, pay or conditions. Due to the practical nature of fashion studies––drawing, sewing, pattern making– many courses had little to no online learning component two years ago. But as classes became remote faculty members, often entirely removed from the decision-making process, unquestioningly executed the mandates of those in higher office. They adjusted their curriculum, accepted the extra hours of prep, developed performative skills to keep students engaged virtually, purchased second cameras, tripods for demos, relaxed their grading and attendance requirements. One adjunct says he burned a scented candle on a shelf over his right shoulder; the smell soothed him while the gentle flickering flame soothed the students. Faculty became the boots on the ground, the verbal punching bag, the on-screen reassuring face, even the IT department for students struggling without the classroom experience. Work/life balance went out the window. Now, with the benefit of hindsight and reflecting on the past five semesters, many are left questioning the authority behind those mandates. Credit Benjamin Child The importance of effective educational leadership during a crisis David intends to apply for Full Professorship in the fall at his large midwestern public university after having spent 30 years in academia. He applied 2 years ago but says his application failed because the new director had a career in the field of arts funding, not academia, and didn’t understand the rules. She has since been ousted from the role in a vote of no-confidence but that doesn’t help David who says his future remains on hold. “Reasons not to promote me were against the Union guidelines, but, even though I knew that, I didn’t want to create a stink,” he says. He was afraid using Union help would be held against him when he applied again. According to glassdoor.com the salary range for a Fashion Design Professor is $47,064 to $93,375 per year. According to comparably.com the middle 50 percent of University Deans earn between 111,459 and 123,249 dollars, with the top tier making 174,280 dollars plus annual bonuses. Presidents of private schools typically earn more than those of public schools, often reaching the threshold of one million dollars, while according to Forbes, the salary of Paula Wallace, President and Co-Founder of Savannah College of Arts and Design, has been “more than 2 million dollars annually for many years.” According to the Washington Post university executive salaries rise every year by 9 percent, which is by no means reflective of general pay increases in higher education but instead of salaries in the corporate sector. At the very opposite end of the ladder, part-time/adjunct professors, the lifeblood of NYC’s top fashion schools, earn an average hourly rate of 44 dollars. Tenured faculty members like David know that they only way to make more money is to move around. As a result he has taught in Southern Illinois University, Kent State University, Oklahoma State University, University of Nebraska, and picked up a PHD along the way. “It’ll be 10 to 20,000 dollars more whereas if you stay with the same university you’re only ever going to get 3 percent every two or three years.” Relocating meant making sacrifices but David accepted it as a job requirement. Now, closer to the end of his career, the promotion is integral to his retirement, and he says, “I shouldn’t be punished for someone else’s mistakes.” Leadership’s effect on morale during the pandemic is at the heart of the Great Resignation among educators. The importance of top down communication and the understanding that everyone is moving towards shared goals is essential at the best of times. David experienced this with his previous Director who left before Covid struck: “He had a vision for the school and it was very clear, and so that was the focus I had. Whatever he was saying I believed and understood. We did not agree on many things but we both wanted what was best for the school.” During the pandemic he watched as new courses were introduced and roles with new titles created. “An Associate Director, then an Undergrad Design Curriculum Chairperson, all these admin positions, and why did we have them?" asks David. "Because they were jobs the Director didn’t want to do while instructors were being pulled out of teaching to do administrative tasks.” The repercussions of the previous Director’s maneuvers will be felt into fall when David is teaching a course in which he has no experience or knowledge. “But they have me in a 1-week workshop so I guess I will stretch that week into a semester’s teaching–– if that’s possible? I’ll give it a try!” he says. “Covid didn’t have anything to do with this. I didn’t have a choice. I had to trust leadership.” Leadership appointments in education are often announced with great fanfare after long international searches. Fundraising ability has become an important qualification on the resumes of shortlisted candidates, but faculty say there are too many without experience in the fashion industry, who therefore don’t know how to navigate creativity or foster it. Their short-term moneymaking schemes can have detrimental long-term consequences on a program. “Our graduate school was really changed a few years ago by an overnight decision by the then Chief Academic Officer to make an MA out of the first few semesters of our MFA and offer that to people who had no background in fashion,” says Ungless. “It completely destroyed the program, but the thinking was if you have a shorter program, we can get the same outcome and we will make more money.” Fashion education is big business “The pandemic was the final straw for fashion education, but you can’t blame it for everything,” says Ungless. “I’m pretty sure studying fashion had become not as attractive as what it was in the early to mid 2000s. I think the glow of fashion had started to tarnish.” Fashion schools benefited from the Project Runway phenomenon (the show premiered in 2004), when every celebrity had their own line of clothing, and the previously aloof fashion industry aligned itself with reality TV. Those were the days before working in fashion became synonymous with contributing to environmental destruction, labor abuses, and overconsumption. “At some point in time, somebody realized just how much money you can make and when education turned into a business that was the beginning of the end,” says Ungless. He describes it as "feeding the beast." While he believes that hingeing a degree on a graduate fashion show is outmoded and unnecessary, it brings the school fundraising opportunities, publicity, and even attracts celebrities. Madonna and FKA Twigs were seated front row at the recent CSM BFA show. The month of May sees the rollout of graduate fashion shows. During Covid, schools showcased their top talent via virtual magazines, short films, or digital presentations, but the in-person runway format has now returned. Before the turn of the millennium, the UK set the trend for global fashion education, and a wave of British graduates, including Ungless, were drafted in to set up programs in the US. John Galliano’s 1984 graduate collection at London’s CSM was bought in its entirety by London luxury retailer Browns. Graduate Fashion Week launched in the UK in 1991 with former Burberry Creative Director Christopher Bailey its first winner. In the years that followed marquee names like Alexander McQueen, Stella McCartney, Proenza Schouler, Christopher John Rogers, launched successful businesses on their graduate shows. Understandably, freshmen entering a fashion program dream of their own final year runway moment. But over the years the competition for a spot in the shows heated up. Considering the high cost of tuition all students deserve a place but only about 30 percent make the cut. Runway shows from Parsons or FIT are high production red carpet events, and even second tier schools located far from fashion capitals typically stage an afternoon or matinee show for friends and family, and another VIP evening show for big donors and honored guests. The Academy of Art University BFA and Parsons MFA both secured a spot showing during New York Fashion Week. "When did the shows stop becoming a platform for students to get recruited and became a platform for schools to recruit more students?” asks Ungless. “Suddenly it all became about having to do it because it brings in this number of students. So are we servicing the designers or the industry? No. I see what the reality is. I see the path education is going on purely to make money. I’m out.” True to his word, Ungless’s last day was June 1st. International students are another important revenue stream for fashion schools in the US and Europe. But Ungless says recent political leadership, changed regulation in terms of visas and a new xenophobic outlook makes American fashion schools a less attractive option. Andrew Groves, Fashion Professor and former Course Director at University of Westminster argues that the more money pours in, the more students lose out. The average annual cost of tuition at an American fashion program is 35,000 dollars, but private schools are much higher, and that’s before accommodation, food and the the memory-making social life previous generations of students enjoyed. “It stops a student being able to embrace failure,” says Groves. “When we were at college we might be annoyed if something didn’t work out, but it hadn’t got all the weight of financial investment or parents remortgaging the house.” Students nowadays are caught in the middle of instructors pushing them to take risks and challenge themselves in their work and parents who see earning top grades as the only immediate return on their investment. In the early 90s both Groves and Ungless were part of Alexander McQueen’s small design team, mostly working out of a South London flat with no money and dependent on the facilities at Central St Martins to make the collections. McQueen was the son of a London cab driver. Says Ungless, “If there hadn’t been affordable education, I could never have gone to school. Same with Lee McQueen.” Perhaps more than any other designer of our lifetime, McQueen’s influence consistently reverberates through students’ work. Andrew Bolton who curated the record-breaking Met Museum’s 2011 Savage Beauty, a retrospective of McQueen’s work, compared the designer to Byron, Beethoven and Delacroix. Fashion history will record him on a par with master cutters such as Cristobal Balenciaga, and Hubert de Givenchy. Yet the fashion education system as it is today could not produce another McQueen. Many faculty we speak to, from course directors down to part-time professors, mention feeling a sense of guilt over tuition fees that fuels them to rope in their industry contacts to critique students' work, to fight for paid internships, and arrange features in magazines, all things which the school does not offer as part of the tuition package. These requirements are not in the Course Director’s job description either, yet they are expected by students entering a top fashion program. School leadership effects almost every element of a student’s experience yet students rarely see the individuals who pull the strings. So the target of their frustrations tend to be the quotidian faculty. In his 19 years as Course Director, Groves never received an official fashion show budget. “They never said this is what you’ve got now go and put on a show. So there’s the inability to plan on one hand, and then on the other, you have to go to the students and pretend it’s all going as normal which means all the pressure and stress resides with me,” he says. “I’ve got to deliver to the students, because I’ve got to keep them happy, but I’m not empowered to do that because I’m not in control of the budget, and I’ve also got external industry audience to impress every year.” Some fashion professors who have managed their own business before teaching, and dealt with factories and showrooms, then subsequently navigated the academic environment, admit to feeling more qualified than their superiors. Credit: Pexels Karolina Grabowska Social justice and the cost of fashion education “They’re all talking about social justice,” says Groves,” but if you’re paying tens of thousands of dollars to attend university, surely social justice starts there.” Diversity, equity and inclusivity are hot topics as schools try to reflect the times and needs of the new generation, but is leadership just paying lip service? Parsons, which is regularly voted the number 1 US fashion program according to reputable industry journals, holds an annual benefit to raise instrumental funds for student scholarships. Held in May, this year’s 73rd benefit event, which honored designer Tory Burch and artist Kehinde Wiley, raised 2.6 million dollars. It is one of several top schools which has begun incorporating design projects into their syllabus which involve working with incarcerated youth, with homeless LGBTQ+, with Universal Bodies, with aging, and disability. While this seems like progress in an industry historically built on exclusion and elitism, there is a sense among some faculty that it is driven by less altruistic concerns. Despite these projects dealing with sensitive issues and the lives of real people, the schools trumpet their details for fundraising purposes and self-promotion. At the peak of the school's success, Ungless had to enroll 200 students, but he says, “I don’t feel there are 70 people who need to do a degree.” He condemns ‘all the liberal arts nonsense” that students must fulfill to acquire a bachelors qualification leaving them no time to explore new technology and the possibilities within their field. “It’s killing itself. It’s eating itself. I could train an incredible textile designer in two years, easily. I don’t need four. An amazing tailor/draper engineering new shapes on the stand, might take longer because it’s a different skill set but, still, it is what it is.” Professors with industry experience know there is something rotten in the state of education and the mass exodus has left a brain drain. The guilt that many confess to feeling is now impossible to justify, but it's the wrong people carrying that guilt. For Ungless the number of unhoused sleeping rough in the city’s bay area where the Academy of Art University is located perhaps best exemplifies the chasm between social justice and fashion education. Expecting students to pay thirty grand a year to step over homeless people at the door of school is a step too far.
http://dlvr.it/SSdRSc

Item of the week: the over-the-knee boot

(From left) Image: Kenneth Cole, Simmi, Stella McCartney What it is: The over-the-knee boot is essentially as the name suggests, over the knee, although there are many ways this can be interpreted. While the style is currently associated with female power and sex appeal, its roots stem from the creation of men’s riding boots in the 15th century, only being redefined as a woman’s fashion footwear option towards the end of the 20th century. Their over-the-top nature is favoured during the colder months, offering the wearer both a flattering silhouette and a warmer footwear alternative. Its popularity in fashion also comes down to celebrity endorsement, with many dramatic versions of the shoe style spotted on the likes of Rihanna, Jennifer Lopez and the Kardashians. Image: Charles & Keith Why you’ll want it: The over-the-knee boot is the perfect footwear item for shoppers looking to add a bit of dramatic flair to their outfits. It is particularly popular during the autumn/winter seasons, offering a fashion-forward yet warm footwear option that is both flattering and, at times, comfortable. Next to celebrity sightings, the boot style has also been a prominent feature on AW22, marking it as potentially one of the top footwear silhouettes and suggesting that it will play a big part in seasons to come. Despite its presence on runways for the upcoming months, it is a shoe design that regularly returns to the forefront of fashion, rarely declining in popularity and continuously welcoming fresh adaptations for the new generation of shoppers. Image: Chinese Laundry Where we’ve seen it: The over-the-knee boot was taken on by a huge number of designers for the AW22 season, many of which took the shoe to new lengths with sky high silhouettes. A particularly prominent design style was that of a more loose-fit boot, with leather-like materials often appearing as though they were sagging a little. Isabel Marant, Brandon Maxwell, Courrèges and Bottega Veneta were among those that adopted this style, each offering up dramatic thigh-high looks. In contrast, albeit also opting for extreme heights, Prabal Gurung, Coperni and Carolina Herrera stuck to more form-fitting silhouettes, also utilising leather-look materials for their simple designs. On the other hand, Chanel and Roberto Cavalli went in a very different direction for their over-the-knees, with the former displaying a wellington-inspired silhouette and the latter adding distinct floral embellishments throughout the design. Image: Simmi How to style it: Often only considered as an eveningwear piece, the over-the-knee boot can also be sported for dailywear using simple, easy-to-throw-on garments that don’t complicate the statement shoe. Pair the boots with slim-fit jeans and a basic t-shirt for an elevated day outfit, perfect for running errands or going for lunch. Layer the look up with a long-line coat and simple accessories to take it into the winter months. For occasion wear and evening outfits, opt for a mini skirt and oversized blazer with a statement blouse or top. The over-the-knee style’s flattering characteristics are particularly present when paired with items that leave some space between the hem and the top of the boot. Image: Dorothee Schumacher The over-the-knee boot comes with an array of benefits for the wear – flattering, warm and daring – with new iterations rejuvenating the style for the younger generation of shoppers. Through designer adoption and celebrity endorsement, the dramatic footwear trend has once again returned to the forefront of fashion, as it continues to do year after year. Image: Karl Lagerfeld Similar items available for (pre)order can be found in the FashionUnited Marketplace. You can find them by clicking on this link.
http://dlvr.it/SScxnB

Tuesday, June 21, 2022

Primark to trial online shopping but not home delivery

Image: Primark Value retailer Primark will venture into e-commerce, after eschewing online shopping in the digital age. Parent company Associated British Foods said on Monday it would launch a Click & Collect trial in 25 stores in the northwest, starting with childrenswear. Customers will have nearly double the options across 2,000 items of children's clothing, accessories and lifestyle products. The new service, which follows Primark’s refreshed UK website in April, will also offer online-only products with around 40 percent of the items available exclusively to Click & Collect. In a statement Primark said the range will focus on trends, exclusive styles, expanded ranges from Primark’s license partners, larger items such as nursery products and multipacks of kids’ clothes. In addition, it offers the opportunity to have seasonal product such as rainwear and beach and holiday wear, available throughout the year. A milestone for ABF Paul Marchant, Primark Chief Executive said: “The Click & Collect trial is a milestone for our business and builds on the investments we’ve made over the last two years in new technology and people to make this possible. “This trial will give customers so much more of what they love and a new way to shop with us. It brings together more choice and greater convenience and complements the great instore experience that is at the heart of our business. We think it will also give us an opportunity to reach new customers by highlighting the fantastic collection that we have for kids of all ages. We’ve chosen to trial the new service in a region where we have a wide range of stores of different sizes and formats and we can’t wait to see the customer response.” Over the past two decades Primark has focused on physical retail, steering clear of e-commerce. While the Click & Collect service will be the company's first foray into online shopping, it will not be embracing logistics such as home delivery, shipping and returns management. The discount retailer said it would look into adding other categories to its Click & Collect service if it scores success with its children’s ranges. Primark was hit hard during the pandemic, having no e-commerce to support sales when its stores were forced to close. Sales have since bounced back with an 81 percent increase in the three months to end of May compared to 2021, where Primark reported 1.7 billion pounds in revenue.
http://dlvr.it/SSZZW6

Met Ams: a fresh new metaverse conference looking to diversify the Web3 world

Image: Set Vexy, Met Ams 2022 The new metaverse conference Met Ams took place last week, acting as a platform to make the digital world more accessible to a wider audience. The concept for the event transpired in December 2021, and was formulated over six months by co-founders Anne Sophie Erbé, Peter Meere, Edmund Howard and Rik Woldring, ultimately selling out and preparing to welcome 1,500 international visitors over the course of four days. The idea initially stemmed from an interest in developing a digital art festival, something that was missing for the younger generation in Europe, Erbé said in conversation with FashionUnited. She added: “We wanted to have a conference that focused a lot on art and creativity, approaching the space from a cultural point of view.” The event itself was held in Gashouder Westergas, an event location in the heart of Amsterdam, the Netherlands. The impressive structure, which is often home to music festivals and large scale events, hosted Met Ams’ 100 plus speakers, exhibitors and thought leaders over the course of June 14 to 17. The building, which was partitioned off, featured half an exhibition space, where visitors could try virtual reality equipment, view non-fungible token (NFT) art and learn more about exhibitors, and half a conference room, complete with a flashy set up and just as flashy music. Image: Set Vexy, Met Ams 2022 “We developed the idea for a festival where the metaverse and reality came to meet,” said Erbé, adding that Amsterdam was the perfect location because of its place in Europe and its position as both a cultural and tech hub. “Our aim was to create this really immersive in-real life event, especially after the pandemic years. We really wanted to connect with people in real life and make it fun.” Diversifying a male-driven environment The event placed a significant amount of importance on diversifying the Web3 and metaverse space, which is often a male-driven environment and can lack the necessary female voices. However, according to organisers, this edition saw around a 39 percent female attendance, something that is fairly unheard of in this industry. Much of this was also pushed by the notable presence of female speakers on the stage, including Lisa Mayer, the CEO and co-founder of women-led Web3 platform Boss Beauties, and Indian-based digital artist Laya Mathikshara, who has grossed multi-millions of dollars in the sale of non-fungible tokens (NFTs) at the age of 14. Students were also encouraged to join via discounted student tickets and volunteering opportunities that made it easier for them to attend. “We wanted to prioritise inclusivity and diversity, and make sure everyone felt welcome and safe to talk about what they wanted to,” Erbé said. “We didn’t want to be just another tech conference. We wanted to involve more and more people in this space, so not just tech people and NFT enthusiasts but also those that were just generally interested and wanted to learn more. The diversity in attendees was definitely intentional.” Image: Set Vexy, Met Ams 2022 Talks and panel discussions held over two of the days also centred around making the topic of the metaverse more accessible to a wider audience, covering multiple industries such as music, sports and art. Fashion was also a widely discussed subject, with contributions from the likes of Jürgen Alker, head of NFT Studio at Highsnobiety, Amsterdam Fashion Academy lecturer Giancarlo Pazzanese and Kerry Murphy, founder and CEO of digital fashion platform The Fabricant. Similarly, exhibitors also greatly varied, from those presenting their own open-world platforms to those supplying either avatars, educational support or real estate for the digital worlds themselves. Established platforms like Habbo were presented alongside many companies that were still in their introduction phase, and were looking to branch out and expand their network for future optimisation and opportunities. Bringing inclusivity into the metaverse Digital avatar creator platform Reblium was among those doing just that, specifically looking for brand partners that fit closely with its values of inclusivity and gender fluidity in the metaverse. Speaking to FashionUnited, the company’s digital officer, Migle RakitaitÄ—, said that the team’s goal was to reach not just Web3 and tech people, but a mixed audience of brands, developers and those who were just generally curious about the metaverse itself. RakitaitÄ— noted that the metaverse was “absolutely not at its final form”, despite many misconceptions, and added that “the event was a good start in acknowledging this”. “One thing people often fail to realise is that if you are in the industry, you probably already understand the technology and will speak to people in a jargonic way that they don’t understand,” RakitaitÄ— said. “As a company, we don’t want to overwhelm people, we want them to understand and connect with us – we want to be very open, because how can we begin to understand the innovations if we can’t communicate to people the basics of it?” Image: Set Vexy, Met Ams 2022 - Reblium's exhibit Reblium’s core is the production of inclusive avatars that give users full control over how to express themselves, allowing them to choose their own ethnicity, gender and sexuality. The team has set out to look for brands that are willing to provide clothes for such a concept, with digital garments made to fit any body type. “We have a clean slate. It gives us the chance to start from the beginning. We are entering the metaverse without any citizenship,” RakitaitÄ— added. “This could be the opportunity for some people to, for the first time in their lifetime, look the way they feel.” Metavisionaries was also a platform present during the event, additionally with the goal to help broaden the reach of the metaverse. The educational initiative is currently setting up opportunities for Web3 learning development and was at the event to establish further partnerships for its educational base. “We have been meeting all kinds of people that are interested in the metaverse, NFTs and avatars,” said the company’s chief administrative officer, Hani Yamani. “We have been approached by educators from the University of Amsterdam, who were interested in our platform, and we are hoping to strike up some partnerships.” In the end, the Met Ams conference did its job in bringing a wider audience into the metaverse world. Its attendees noticeably differed from that of similar events, while many of its speakers and exhibitors made it their mission to become a path way into the continuously growing digital sphere. When asked where the conference could go in the future, Erbé said: “We have a lot of ideas about its future, so we want to evaluate and see where we are going to bring it and how. Are we looking for new content? Are we looking for the same physical event in other countries? Do we want partnerships? We still have to see. There is so much opportunity, so it is fun to already start thinking about the next event.” Image: Set Vexy, Met Ams 2022 Read more: * How digital and physical identities will intertwine in virtual fashion design
http://dlvr.it/SSZZHX

Global Fashion Summit: STTI Calls for Responsible Purchasing Practices and Global Standardisation on Due Diligence

STTI spokesperson and Vice President BGMEA Miran Ali called for a globally standardised approach to due diligence at the prestigious Global Fashion Summit last week. Mr Ali was speaking at a panel focusing on the upcoming due diligence legislation, led by OECD due diligence head Tyler Gillard, alongside Maxine Bedat, founder and director of New Standard Institute and author of the book "Unraveled: The Life and Death of a Garment" and Sebastian Herold, deputy head of division sustainable textile supply chains and sustainable consumption at the German Federal Ministry for Economic Cooperation and Development (BMZ). He made clear that for manufacturers it is crucial to have a globally standardised approach and not fragmented regulation in different countries, regions and states. He went on to say that "The terms of trade have changed. The Sustainable Terms of Trade Initiative (STTI) was created to give the supply chain a voice. If we are going to make change as an industry there needs to be a discussion on equal terms." Maxine Bedat backed Miran Ali’s pledge and stated that "We have to shift away from passing the buck to manufacturers. There is a tendency of brands to cascade requirements up into the supply chain, but this is old fashioned." She called for approaching legislation and compliance to be two way streets. This year's Global Fashion Summit was clearly focused on industry wide alliances and the STTI alliance among manufacturers was often referred to. At the same time, the summit also laid bare that despite the steps forward taken by the formation of alliances, much of the heavy lifting is still to be done. The STTI and its partners are working hard on building the necessary infrastructure to create structural improvement of purchasing practices, working on the development of model contract clauses with Rutgers University, researching options for arbitration with GIZ, creating collaborations with Multi Stakeholder Initiatives building purchasing practices codes, and developing a long-term mechanism for measuring progress on commercial compliance by brands and retailers, among other activities.
http://dlvr.it/SSZZH0

Warner Bros. to launch dog apparel with Kanine

Warner Bros. Consumer Products has signed a three-year dog apparel and accessories licensing agreement in greater Asia with Kanine Pets World Limited, a subsidiary of Kanine Group. The deal will see Kanine designing, producing and distributing products for dogs including apparel, accessories and toys featuring the properties of ‘DC League of Super-Pets,’ Looney Tunes and Tom and Jerry. Samuel Wong, chief executive and chief financial officer at Kanine Group, said in a statement: "We’re so thrilled to bring the amazing world of ‘DC League of Super-Pets’, Looney Tunes and Tom and Jerry to the dog category and onto Kanine.com. We believe there’s so much fun and imagination from these world class properties that every one of our furry friends can be a superhero and share in our dream of the ‘Pets Ecosphere, Redefined.’ “Kanine’s extension into the character landscape is one further step towards our goal to be the most relevant platform for premium dog products globally.” The debut collection will launch in August 2022 to coincide with Warner Bros. Pictures’ releasing the ‘DC League of Super-Pets’ film in cinemas. The products will be available in the greater Asia region on kanine.com, as well as in selected department stores and pet stores. Sean Coxall, chief marketing officer at Kanine Group, added: “It’s very exciting to partner with Warner Bros. Consumer Products and be able to create incredible new character merchandise for dogs. This is a very important segment for dogs and it’s important that Kanine can offer something for everyone on its platform. We have some amazing character launches planned for the next 12 months starting with the ‘DC League of Super-Pets’.” In recent months, Kanine Group has signed licensing agreements with fashion brands including Hugo Boss and Tommy Hilfiger to launch branded dog apparel and accessories.
http://dlvr.it/SSZ0qj

Monday, June 20, 2022

Burberry unveils new NFT collection with Mythical Games

In Pictures Image: Burberry / Mythical Games Burberry has unveiled its second NFT collection with Mythical Games in its flagship title, Blankos Block Party, and its plans to open a bespoke social space within the game where players “can come together and enjoy a unique virtual experience”. The limited-edition Burberry Blanko NFT, which takes the form of a unicorn named Minny B, has been inspired by the brand’s Animal Kingdom house code and is draped in Burberry’s new TB summer monogram. Image: Burberry / Mythical Games The new NFT collection also includes Burberry branded in-game accessories, including boomboxes, TB sliders, lucky horseshoe necklaces, and a ‘Shellphone’, a seashell-inspired mobile phone accessory, which players can add to their virtual portfolio of online accessories. Blankos Block Party players that own Burberry’s first NFT character, Sharky B, will also be rewarded with a free Monogram bucket hat accessory which will be released in the coming weeks. Image: Burberry / Mythical Games For Burberry’s bespoke social space within the game, the British brand has designed a cabana-style resort called 'The Oasis', a futuristic haven decorated with inspiration from the natural world. The Oasis features an array of beaches, which include branded sailboats and sun loungers inspired by Burberry’s latest TB Summer Monogram destination takeovers in Saint-Tropez, Korea, Singapore and Ibiza. Rachel Waller, vice president of channel innovation at Burberry, said in a statement: “We are delighted to partner once more with Mythical Games to bring our brand, values and creative spirit to communities around the world. Luxury is an industry built on fantasy and expression so in many ways, gaming is a canvas perfectly suited to bringing these dreams to life. “The metaverse provides limitless opportunities for us to flex our imagination and connect with our customers in richer ways, and we’re excited to continue to experiment in this space.” Image: Burberry / Mythical Games The new Burberry Blanko and in-game accessories will be released as part of Burberry’s B Series, a series of limited-edition product drops available on Burberry’s digital channels. The NFT collection will be available for in-game purchase to all Blankos Block Party players worldwide from June 22. Image: Burberry / Mythical Games Image: Burberry / Mythical Games Image: Burberry / Mythical Games
http://dlvr.it/SSVl1N

UK government to implement stricter BNPL rules

Image: Klarna The UK government has revealed it is planning to implement stricter rules on ‘buy now, pay later’ (BNPL) services in order to improve the protection of the payment option’s users. The move comes as concern around BNPL grows alongside the ongoing ‘cost of living’ crisis, which has continued to worsen in the region. The proposal will require lenders to carry out affordability checks which will ensure that loans are affordable for consumers and that BNPL advertisements are not misleading. Lenders that wish to offer the product will additionally need to be approved by the Financial Conduct Authority (FCA), while borrowers will be able to make complaints to the Financial Ombudsman Service. “BNPL can be a helpful way to manage your finances but we need to ensure that people can embrace new products and services with the appropriate protections in place,” said John Glen, economic secretary to the treasury, in a release. Glen continued: “By holding BNPL to the high standards we expect of other loans and forms of credit, we are protecting consumers and fostering the safe growth of this innovative market in the UK.” The government said it is expecting to publish a consultation on draft legislation towards the end of the year, with the aim to lay secondary legislation by mid-2023. Following this, the FCA will be set to consult on its rules for the sector. The announcement closely follows an additional commitment by the government revealed on Thursday, which will see it reform the Consumer Credit Act. The reformation will move a portion of the Act from statute to sit under the FCA, allowing the regulator to respond quicker to developments in the consumer credit market instead of amending existing legislation. Additionally, it will simplify technical terms to make it easier for consumers to understand the protections they have and for businesses to comply with regulations.
http://dlvr.it/SSVkbG

In Meta's new store Avatars can be dressed in Balenciaga, Prada and Thom Browne

Image: Meta Store Meta is launching an Avatar Store on Facebook, Instagram and Messenger. The store will launch to include digital clothes from Balenciaga, Prada and Thom Browne, as was announced by Mark Zuckerberg on Twitter. The Facebook founder and Instagram Fashion Director Eva Chen were pictured as avatars in several looks from each designer. Early in May Mr Zuckerberg was photographed in Italy in the company of some of Italy’s leading luxury industry figures, presumably to foster new partnership and growth drivers to the metaverse. Meta is betting heavily on future connections in 3D. Shopping in the Metaverse Mr Zuckerberg describes the clothing store as a place to dress users' Meta Avatars, focusing on providing the tools for people to be able to digitally express themselves through fashion, "and getting that right in the Metaverse is important", Zuckerberg iterated. Prada, Balenciaga, Thom Browne are the first three luxury brands joining the store, which Ms Chen says will also be a place for emerging designers and creatives, allowing users to freely express their Meta identities. Zuckerberg said soon anybody can create digital collections, all that is needed is a computer and an imagination. Currently digital clothes are not yet available in Meta’s store, which the social media giant says will launch soon. While there has been no information released on the marketplace in terms of costs and how brands and companies can maximise this new revenue stream, Meta also stated it would offer a selections of free avatar clothes. Digital fashion for Web3 has seen a slew of streetwear and luxury companies partner with technology providers to create immersive experiences and unique products for the metaverse. Balenciaga introduced Skins for gaming platform Fortnight last year and Gucci’s latest Roblox collab, Gucci Town, allows users to visit a virtual store.
http://dlvr.it/SSVkDs

PayPal expands ‘buy now pay later’ offering

Image: PayPal Payment provider PayPal has announced a new Pay Monthly offer, providing US customers with a further ‘buy now pay later’ option for more flexibility. The offer allows customers to make large purchases between 199 dollars and 10,000 dollars, breaking the total cost into monthly payments over a six to 24 month period. On selection, customers will be asked to fill out an application at checkout which, once approved, will provide them with different payment plans, including time period and payment method, to be compared. For merchants, the new offer will be automatically available, with no additional cost or risk, PayPal said in a release, as well as no complex integration. “How consumers look to pay for larger purchases is evolving and there is a growing demand for flexible payment options with 22 million PayPal customers using our pay later offering this past year," said Greg Lisiewski, vice president of shopping and Pay Later at PayPal. Lisiewski continued: "Pay Monthly builds on our commitment to deliver leading payment solutions that offer customers choice to ensure checkout matches their needs and budgeting preferences."
http://dlvr.it/SSVjz2

Balmain teams up with artist Jeff Cole

Image: Balmain x Jeff Cole Balmain has unveiled a collaboration with artist Jeff Cole to launch exclusive artwork for the Balmain Unicorn sneaker. Cole, known for his use of digital tools to create colourful illustrations and dynamic animations, has transformed Olivier Rousteing’s latest sneaker design into a futuristic singular equine shape. The animated Balmain Unicorn has a hypnotic, nonstop loop, featuring bright colours and bold patterns transforming into black-and-white, gold-and-white and multi-colour tonal mixes. The Balmain Unicorn x Jeff Cole collaboration will be used within the fashion house’s upcoming social-media push to introduce the sneakers. Cole will premiere his designs during an exclusive event at Balmain's recently inaugurated Madison Avenue boutique during June's NFT.NYC conference, which will also highlight the minting of Jeff Cole’s Balmain Unicorn animation as an exclusive NFT. Image: Balmain x Jeff Cole Bids for this series of NFTs can be placed from June 21 to 24 exclusively on the mintnft.com marketplace. The winning bidder will also receive a special pair of Unicorn sneakers signed by Rousteing, an invitation for two to experience next September’s Balmain Festival, one NFT airdrop of the most recent Balmain Non-Fungible Thread NFT, and a technical sketch of the Unicorn sneaker signed by Safa Sahin, the head of the Balmain sneaker design team. Commenting on the artwork, Rousteing said in a statement: “I couldn’t be more pleased with the final artwork. Jeff clearly understood the spirit of our new Unicorn has much more to do with the elusive beauty and rare strength of the legendary creature than with any literal interpretation of its shape. “So, he avoided any expected clichés of hoofs and horns and instead channelled fantastic colours and compelling animations. I especially love how he was able to beautifully morph our Balmain Unicorn’s eye-catching lacing system and the upper's three parallel breaking waves into his creature’s facial features.”
http://dlvr.it/SSVjyv