Zalando Launches AI Shopping Agent as Discounts Squeeze Margins
Zalando reported a 0.9 percentage-point drop in its third-quarter gross profit margin to 38.7%, missing market expectations, according to analysts at Jefferies and JPMorgan.
water-chemicals
Sustainability
Case Study | Fashion’s Race for New Materials
Brands are pursuing a raft of initiatives to adopt recycled textiles, regeneratively farmed cotton and mushroom-based leather, but giving fashion’s major materials a sustainability makeover still requires billions of dollars worth of investments and deeper, longer-term commitments to scale. BoF breaks down some of the key innovations, the companies leading the charge and the barriers to change.
Sustainability
Novetex’s Ronna Chao on Winning the Circularity Game
As fashion brands pursue closed-loop recycling, they increasingly need to engage with suppliers who can help them source 'circular' materials and scale these efforts. However, the chairman of Novetex Textiles says meaningful mass adoption is a chicken-and-egg conundrum.
Sustainability
How Fashion Can Deliver on COP26 Ambitions
Amid mounting evidence of fashion’s dramatically negative climate impact, countries, communities and companies are mobilising around protecting the planet. However, a new era of climate action will be required if fashion is to meet ambitious targets to reverse the damage being done.
Sustainability
The Year Ahead: Paving the Way for Closed-Loop Recycling
The scaling of closed-loop recycling could help reduce fashion’s environmental impact at the materials level. The technologies to make this happen are maturing, creating an opportunity for companies to embed them in a product’s design phase while adopting processes to enable scaling.
Global Markets
Report: Fast Fashion Spurs Pollution of Africa’s Rivers
Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters as alkaline as bleach, according to a
The News in Brief
Unilever Plans €1 Billion in Savings to Ramp Up Turnaround
The conglomerate is focussed on sharpening its positioning as a pure-play beauty and personal care organisation.
Indian Jeweller Giva Raises $100 Million to Fuel Retail Expansion
The Bengaluru-based company plans to use the mammoth funding round to boost manufacturing and more than double its store count to over 1,000 locations.
Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.