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Men’s custom apparel maker Indochino has announced its 2019 North American expansion plans. Following an incredible year of growth in 2018, the company intends to open up to 20 showrooms in North America, expand further into new product categories and start analysis for international expansion. Indochino is continuing to experience high growth, with a 43...
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Personal styling service Trunk Club has launched its newest campaign, Caring for Clothing, which aims to provide resources for consumers to better care for the pieces they buy. As a part of the campaign, Trunk Club conducted a survey of Americans to better understand their struggles caring for their clothes and found that they throw...
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Blake Nordstrom MR magazine is saddened to report the unexpected passing of Blake Nordstrom. The oldest of Nordstrom’s three sibling co-presidents and great grandsons of the founder, Blake died this morning, January 2, 2019, in Seattle. He was diagnosed with lymphoma in early December and had been publicly optimistic about a positive outcome. He was...
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Kate Gilmore speaks on stage during #BoFVOICES | Source: Getty Images for The Business of Fashion OXFORDSHIRE, United Kingdom — At the time of its drafting in 1948, the Universal Declaration of Human Rights — a document asserting the rights and freedoms of all people — was co-signed by fewer than 50 countries. Today, 70...
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Getty Images A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest...
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Dec. 21, 2018: Raf Simons has exited his post as Calvin Klein’s chief creative officer following his appointment in 2016. The Belgian designer debuted his collection for the American brand in fall 2017 at NYFW. During his short stint, Simons was charged with overseeing creative direction for Calvin Klein Collection, Calvin Klein Platinum, Calvin Klein, Calvin Klein...
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Q: I feel the economic mood changing. What’s your advice for retail planning for 2019? Steve Pruitt: You’re right. We are seeing the beginning signs of a slowdown and the dramatic stock market swings and continued trade tensions aren’t helping. But, in reality, the biggest factor we face next year is the natural slowing of...
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LONDON, United Kingdom — BoF compiles the most important professional moves of the week. Rent the Runway adds WeWork president to board of directorsArtie Minson, president and chief financial officer of WeWork, has been appointed to Rent the Runway’s board of directors with immediate effect. Minson will also serve as chair of the board audit committee....
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Getty Images November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s (NRF) forecast, NRF said on Friday. The numbers exclude automobiles, gasoline stations and restaurants. “Consumers have...
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Luxury fashion commerce site Farfetch Limited has inked a new deal to acquire sneaker and streetwear marketplace Stadium Goods for an enterprise value of $250 million. The consideration payable by Farfetch will be in the form of cash and Farfetch shares, with the exact amounts to be determined at completion following customary adjustments. Stadium Goods...
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