STOCKHOLM, Sweden — Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M, has launched in Germany in a first step outside its home market as it bets on shoppers trending towards more sustainable consumption. The start-up handles the entire sales process from picking up the goods from sellers’ homes, to photographing, selling […]
Dior's Air Jordans and the Return of Pre-Pandemic Hype
THE CHEAT SHEET The Sneaker Market Perks Up Dior x Nike | Source: Courtesy On July 1, Dior will notify winners of an online raffle for the right to purchase Dior X Air Jordan 1 sneakers The much-anticipated release was delayed by three months due to the pandemic, as were many other high-profile sneakers Nike […]
Macy's to Cut 3,900 Jobs to Help Counter Covid-19 Losses
CINCINNATI, United States — Macy’s Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the Covid-19 pandemic. The department store chain, which had about 123,000 employees at the end of January, said it expects to […]
A ‘Second Wave’ of Covid-19 Hit China. Will It Dent Consumer Confidence?
BEIJING, China — The world collectively shuddered when news broke last week that a new outbreak of Covid-19 cases had infected scores of people in China’s capital. “We were almost back to normal and then this happened,” said Lavine Luo, a Beijing resident who works at the capital’s National Centre for Performing Arts. The outbreak, which […]
How Fashion Is Redesigned Itself in Lockdown
NEW YORK, United States — Fashion executives have spent the lockdown figuring out how to sell their products online. They’re learning lessons that may shape the retail trade even as America’s shopping malls reopen. That’s just one of the abrupt changes forced on an industry highly attuned to shifting trends. Here’s another: If customers are more […]