Day: June 21, 2020

What Emma Watson did next, from child star to fashion sustainability czar

Watson promoting Little Women in December 2019 - Patrick McMullen
Watson promoting Little Women in December 2019 – Patrick McMullen

Congratulations are due to Emma Watson on her new side hustle. The activist and Little Women star is the newest appointee to Kering’s board of directors. She’ll chair the luxury conglomerate’s sustainability committee, guiding conversations that will affect Kering brands including Gucci, Saint Laurent and Bottega Veneta. 

Watson is one of three new appointees; the others are Jean Liu, president of Didi Chuxing, often described as China’s Uber; and Tidjane Thiam, a former Credit Suisse boss.

“Their respective knowledge and competences, and the multiplicity of their backgrounds and perspectives will be invaluable additions to Kering’s Board of Directors,” François-Henri Pinault, Kering chairman and CEO, said in a statement. “The collective intelligence that comes from diverse points of view and the richness of different experiences are crucial to the future of our organization. I am proud to add such impressive

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Online fashion stocks in vogue as coronavirus speeds ecommerce

By Emma Thomasson

BERLIN (Reuters) – Shares in online fashion retailers Zalando and ASOS jumped on Thursday after the German company said it expects a big increase in second-quarter sales and operating profit as coronavirus lockdowns accelerate a shift to ecommerce.

The growth rate of online fashion looks set to triple this year to account for 23% of European sales in 2020, levels not expected before 2024 prior to the pandemic, analysts at Bernstein said, adding the market share could hit 37% by 2030.

“The sudden closure of all apparel retail stores across all major global markets has shaken up the channel mix in an unprecedented way this year,” said Bernstein’s Aneesha Sherman. “(It’s) five years’ worth of growth achieved in about six months.”

Zalando, Europe’s biggest online only fashion retailer, said late on Wednesday it expects to significantly beat market expectations for 16% second-quarter revenue growth and an adjusted

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Farfetch Introduces Fashion Footprint Tool

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LONDON — Farfetch is forging ahead with its sustainability commitments and introducing a “fashion footprint” tool to help customers better understand the environmental impact of their purchases — and to highlight the benefits of buying pre-owned. The aim is to ensure that sustainability remains top-of-mind for the consumer.

The introduction of the online tool, which will allow consumers to see the impact of specific materials in their purchases and the savings they are making if they choose to buy secondhand merchandise, was informed by a report examining the pre-owned market that was published by Farfetch in partnership with the London Waste and Recycling Board.

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The report looks at the growth of the pre-owned market in the U.K., the U.S. and China., key consumer behaviors, as well as “displacement rates,” or the extent to which shopping pre-owned reduces the demand for

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Busy Shopping Scenes Only Part of the Picture

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Monday saw throngs of shoppers in England’s high streets, but it’s a stark reality from the distant supply chain workers and factory owners — many still holding out for payment from those same retailers, perhaps on declining hopes.

With stores permitted to reopen on Monday, lines gathered in locations like Oxford Circus outside Apple, Nike, Cos, Kiko and Zara. In another part of town, Westfield London in Hammersmith, teenagers sipped iced drinks and Primark bags, lounging in the sun.

Eager for sales and anything that didn’t resemble the confines of their living rooms, H&M, Zara, Apple and the clearance stalls at Foot Locker also drew pools of shoppers.

Despite Western retailers sliding up their gates and opening doors to shoppers, things are far from “normal” for apparel manufacturers in Bangladesh, which attributes 80 percent of its exports to the sector.

Even if a

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Make Juneteenth a Non-Shopping Holiday

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Juneteenth has long been celebrated by Black people and across communities of color. The holiday references June 19, 1865, two-and-a-half years after the Emancipation Proclamation, when a document declaring the end of slavery was read publicly in Galveston, Tex., by a U.S. Army general. Now the day is getting broader recognition, as numerous American companies, including some in fashion, are making it a paid holiday. Congress will likely take up the issue as well, and Juneteenth could, and should, become a national holiday.

How great and long overdue for our country to formally celebrate the end of slavery, and by doing so, come face-to-face with the horrific devastation it wrought and that is ongoing. Not so great that this reckoning comes only after the killings by police of George Floyd, Breonna Taylor, Rayshard Brooks and too many others, acts that have shaken American

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8 Black-Owned Boutiques and Vintage Shops Fashion People Will Love

In honor of Juneteenth, we’re taking cues from the #NewBlackFriday initiative, which encourages buying products or services from Black-owned businesses to help tactically address systemic economic inequality. Our niche has always been to bring our readers the latest in style and shopping, and with many of us being a bit more thoughtful about where our dollars go, we thought we’d share some of our favorite Black-owned fashion boutiques so you’re well equipped to shop with purpose. So whether you’re looking for a wardrobe pick-me-up in the form of some joy-sparking shoes or a deliciously comfy dress, scroll on for some wonderful options to support today and in the future. And just in case you’re feeling especially inspired to flex that retail muscle, please check out our features on Black-owned fashion brands, beauty brands, products, and retailers, too.

Sincerely, Tommy is a Brooklyn-based concept store

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