Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
supply-chain
Global Markets
Can Brands Prove They Aren’t Using Russian Diamonds?
Tracking the origin of a gem back to the mine is a notoriously difficult challenge but new sanctions on Russian diamonds are set to radically transform the jewellery industry, requiring “mine-to-finger” traceability in key markets.
Can Brands Prove They Aren’t Using Russian Diamonds?
Tracking the origin of a gem back to the mine is a notoriously difficult challenge but new sanctions on Russian diamonds are set to radically transform the jewellery industry, requiring “mine-to-finger” traceability in key markets.
Global Markets
For Fashion Supply Chains, Chaos Is the New Normal
Escalating conflict in the Red Sea will place inflationary pressures on retailers — and eventually their consumers — with potential consequences for the global economy at large.
For Fashion Supply Chains, Chaos Is the New Normal
Escalating conflict in the Red Sea will place inflationary pressures on retailers — and eventually their consumers — with potential consequences for the global economy at large.
Retail
How Brands Are Preparing for Life After Inflation
Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.
How Brands Are Preparing for Life After Inflation
Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.
Retail
Boohoo Accused of Mislabelling Clothes as Made in UK
The mislabelling occurred at Boohoo’s flagship Thurmaston Lane factory in Leicester, England last year.
Boohoo Accused of Mislabelling Clothes as Made in UK
The mislabelling occurred at Boohoo’s flagship Thurmaston Lane factory in Leicester, England last year.
Sustainability
Luxury Brands Lag on Efforts to Reduce Forced Labour
Despite strides made to eliminate the use of forced labour in fashion’s supply chain, companies’ commitments straggle due to a lack of transparency, according to a new industry report.
Luxury Brands Lag on Efforts to Reduce Forced Labour
Despite strides made to eliminate the use of forced labour in fashion’s supply chain, companies’ commitments straggle due to a lack of transparency, according to a new industry report.
Global Markets
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Luxury
‘Fashion Can Change Africa’: The Pioneering Designers Chasing a World of Opportunity
Global interest in African-made goods has grown in recent years but designers on the continent continue to face production challenges.
‘Fashion Can Change Africa’: The Pioneering Designers Chasing a World of Opportunity
Global interest in African-made goods has grown in recent years but designers on the continent continue to face production challenges.
Sustainability
Inditex and Zalando Scrap Over Plastic Bags
The Zara owner’s push to phase out single-use plastic packaging in the supply chain is being tested by the German online fashion retailer’s refusal to remove the material in the final sale to consumers.
Inditex and Zalando Scrap Over Plastic Bags
The Zara owner’s push to phase out single-use plastic packaging in the supply chain is being tested by the German online fashion retailer’s refusal to remove the material in the final sale to consumers.
Global Markets
The Best of BoF 2023: Opportunities and Threats in Global Markets
Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs.
The Best of BoF 2023: Opportunities and Threats in Global Markets
Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs.
Partner Content
Understanding the Potential of Digital Product Passports
New regulations from the European Commission will require fashion and other consumer goods to be fitted with unique digital product passports as early as 2026. At BoF’s VOICES 2023, the CEO of Arianee demystifies the future of digital product passports and their ability to reimagine fashion brands’ revenue stream.
Understanding the Potential of Digital Product Passports
New regulations from the European Commission will require fashion and other consumer goods to be fitted with unique digital product passports as early as 2026. At BoF’s VOICES 2023, the CEO of Arianee demystifies the future of digital product passports and their ability to reimagine fashion brands’ revenue stream.
Sustainability
‘Substantial Volume’ of Clothing Tied to Uighur Forced Labour Entering EU, Says Study
Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uighurs compelled to participate in state-imposed labour.
‘Substantial Volume’ of Clothing Tied to Uighur Forced Labour Entering EU, Says Study
Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uighurs compelled to participate in state-imposed labour.
Global Markets
The Year Ahead: Fashion Executives Brace For Unsettling Times
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
The Year Ahead: Fashion Executives Brace For Unsettling Times
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
The News in Brief
Dsm-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
Dsm-firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.
Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
Puig Reports First-Half Revenue Growth After Estée Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.