Fashion E Commerce – Mogo Theme http://mogotheme.com/ Wed, 20 Oct 2021 20:59:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://mogotheme.com/wp-content/uploads/2021/07/icon-4-150x150.png Fashion E Commerce – Mogo Theme http://mogotheme.com/ 32 32 City Furniture takes a fashion-based approach to furniture. It works https://mogotheme.com/city-furniture-takes-a-fashion-based-approach-to-furniture-it-works/ Wed, 20 Oct 2021 19:48:34 +0000 https://mogotheme.com/city-furniture-takes-a-fashion-based-approach-to-furniture-it-works/ Florida’s largest independent furniture retailer had humble beginnings, if not very humble ones. City Furniture began as Waterbed City in 1971. It was a two-sibling operation, with siblings Kevin and Keith Koenig to rebuild a business from the $ 1,500 they had saved from low-paying jobs. In the 1990s, with the collapse of the waterbed […]]]>

Florida’s largest independent furniture retailer had humble beginnings, if not very humble ones. City Furniture began as Waterbed City in 1971. It was a two-sibling operation, with siblings Kevin and Keith Koenig to rebuild a business from the $ 1,500 they had saved from low-paying jobs. In the 1990s, with the collapse of the waterbed market, the duo took a whole house approach and never looked back. “It was a good time to get out of the water beds”, he jokes. André Koenig, Keith’s son and the current president of the company.City Furniture takes a fashion-based approach to furniture.  It works

City Furniture takes a fashion-based approach to furniture.  It works

André KoenigCity furniture

Looking at the company now, you would never guess its rambling beginnings. With 35 sites and more than 3,000 employees, City Furniture has a strong presence in Florida. Plus, the retailer shatters stereotypes about independent furniture retailers (namely that they are all large warehouses adjacent to a dimly lit freeway, filled with outdated recliners) with a decidedly contemporary approach. Some of its outposts have wine bars. All of them are brilliantly lit and organized into elegant lifestyle vignettes and filled with decorative pieces. It’s no accident, says Koenig.

“We see furniture as a fashion business,” he told the host Warren Shoulberg on the last episode of BOH ‘s Retail watch Podcast. “It’s very different from what it was 50 years ago, when you bought your parents’ furniture and expected to keep it for years and years. “

Like everyone else in the home business, the company has had a crazy 18 months, marked by increasing demand and complicated grunts in the supply chain. City Furniture has weathered the ups and downs primarily by buying aggressively early on. The company also has its own manufacturing facility in Missouri, giving it an edge over competitors who only buy brands produced overseas. “I hate to say it, but [in 2021], whoever has more inventory does more business, ”explains Koenig.

In this episode of the podcast, Koenig explains why City Furniture being a family-owned business has been an advantage, shares some predictions about the supply chain crisis, and offers insight into his company’s approach to e-commerce.

Listen to the podcast below. If you like what you hear, subscribe to Apple podcasts Where Spotify. This episode was sponsored by Square.

Home page photo: Courtesy of City Furniture


Source link

]]>
Asian ADRs climb higher in Tuesday’s trading https://mogotheme.com/asian-adrs-climb-higher-in-tuesdays-trading/ Tue, 19 Oct 2021 14:41:33 +0000 https://mogotheme.com/asian-adrs-climb-higher-in-tuesdays-trading/ US Asian stock certificates of deposit were trading up 1.2% to 2,032.15 on the S & P / BNY Mellon Asia 50 ADR on Tuesday. In North Asia, the winners were led by online entertainment service iQIYI (IQ) and online brokerage UP Fintech Holdings (TIGR), which climbed 14% and 6.8% respectively. They were followed by […]]]>

US Asian stock certificates of deposit were trading up 1.2% to 2,032.15 on the S & P / BNY Mellon Asia 50 ADR on Tuesday.

In North Asia, the winners were led by online entertainment service iQIYI (IQ) and online brokerage UP Fintech Holdings (TIGR), which climbed 14% and 6.8% respectively. They were followed by video-sharing site Bilibili (BILI) and fintech 360 company DigiTech (QFIN), which added 6.2% each.

The declines in North Asia were led by automotive e-commerce platform TuanChe (TC) and fashion e-commerce platform MOGU (MOGU), which fell by 4.1% and 3.2, respectively. %. Automotive transaction services platform Cango (CANG) lost 2.4% and online luxury retailer Secoo Holding (SECO) lost 1.3%.

In South Asia, the winners were led by digital entertainment company Sea Ltd. (SE) and IT company Sify Technologies (SIFY), which rose 2.9% and 1.4% respectively. They were followed by the banking holding HDFC Bank Limited (HDB) and the biotech company ASLAN Pharmaceuticals Limited (ASLN), which gained 1.3% and 0.9%.

The declines in South Asia were led by automaker Tata Motors (TTM), which lost 5%, and mining company Vedanta (VEDL), which lost 3.5%. They were followed by pharmaceutical company Dr. Reddy’s Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which fell 1.2% and 0.9% respectively.

You may also like


Source link

]]>
Indian brands Reliance to acquire 40% of MM Styles from Manish Malhotra https://mogotheme.com/indian-brands-reliance-to-acquire-40-of-mm-styles-from-manish-malhotra/ Mon, 18 Oct 2021 10:33:02 +0000 https://mogotheme.com/indian-brands-reliance-to-acquire-40-of-mm-styles-from-manish-malhotra/ Reliance Brands in India recently signed an agreement to acquire a 40 percent stake in MM Styles Private Limited from fashion designer Manish Malhotra. This would be the first external investment for the Malhotra brand which until now has been exclusively owned by him. The designer would continue to run the business as the brand’s […]]]>
Reliance Brands in India recently signed an agreement to acquire a 40 percent stake in MM Styles Private Limited from fashion designer Manish Malhotra. This would be the first external investment for the Malhotra brand which until now has been exclusively owned by him. The designer would continue to run the business as the brand’s general and creative director.

“As the (Reliance) brand aims for international expansion, business diversification and renewed creative growth, there would not have been a better strategic partner to accompany us on this journey,” Malhotra said in a statement.

Besides the physical presence in the form of retail stores, the two entities would strive to further develop the technological backbone of the designer for the expansion of e-commerce.

Reliance Brands in India recently signed an agreement to acquire a 40 percent stake in MM Styles Private Limited from fashion designer Manish Malhotra. This would be the first external investment for the Malhotra brand which until now has been exclusively owned by him. The designer would continue to run the business as the brand’s general and creative director.

The designer operates four flagship stores in New Delhi, Mumbai and Hyderabad, two in-store stores and one virtual store.

Fibre2Fashion Information Office (DS)


Source link

]]>
Zalando launches clothing repair project in Germany https://mogotheme.com/zalando-launches-clothing-repair-project-in-germany/ Sun, 17 Oct 2021 04:05:09 +0000 https://mogotheme.com/zalando-launches-clothing-repair-project-in-germany/ German e-commerce company Zalando has launched a clothing repair service in Germany. The pilot project started Monday in Berlin and is expected to expand to Düsseldorf soon. Zalando’s clothing repair service Zalando will soon launch a “Care & Repair” clothing repair service in Berlin and Düsseldorf. The international company announced that the pilot project started […]]]>

German e-commerce company Zalando has launched a clothing repair service in Germany. The pilot project started Monday in Berlin and is expected to expand to Düsseldorf soon.

Zalando’s clothing repair service

Zalando will soon launch a “Care & Repair” clothing repair service in Berlin and Düsseldorf. The international company announced that the pilot project started on Monday in the German capital and will soon begin operations in Düsseldorf.

Customers can pick up and return their clothes through Zalando or, alternatively, make an appointment through Zalando to visit several participating local tailors, shoemakers and shoe cleaners to breathe new life into their favorite items.

Extend the life of clothes

The project is part of Zalando’s commitment to extend the life of clothing and promote the recycling and reuse of materials over fast fashion. For the project, Zalando is working with selected companies, as well as Save Your Wardrobe, a start-up aimed at recycling and reusing old clothes, which provides the platform through which customers can repair their clothes.

Zalando has set a goal of extending the lifespan of at least 50 million fashion items by 2023 to encourage shoppers to stop throwing away their clothes.

By clicking subscribe, you agree that we may process your information in accordance with our privacy policy. For more information, please visit this page.


Source link

]]>
Global Ecommerce Technology Product Manager Jobs https://mogotheme.com/global-ecommerce-technology-product-manager-jobs/ Fri, 15 Oct 2021 21:16:56 +0000 https://mogotheme.com/global-ecommerce-technology-product-manager-jobs/ job description: Date posted: October 15, 2021 Site: 2105 S, avenue Bascom Who we are Spiraledge is a collection of businesses focused on health and wellness and is the holding company of the fast growing e-commerce sites SwimOutlet.com & Everyday Yoga. SwimOutlet.com and Everyday Yoga have both been named the Internet Retailer Hot 100 Company. […]]]>

job description:

Date posted: October 15, 2021

Site: 2105 S, avenue Bascom

Who we are

Spiraledge is a collection of businesses focused on health and wellness and is the holding company of the fast growing e-commerce sites SwimOutlet.com & Everyday Yoga. SwimOutlet.com and Everyday Yoga have both been named the Internet Retailer Hot 100 Company. We are a completely remote team headquartered in Campbell, California.

SwimOutlet.com

SwimOutlet is the largest online specialty water sports store in the United States with the largest selection for swimming, fashionable swimming, the beach and surfing!

Daily yoga

Everyday Yoga (formerly YogaOutlet.com) offers a wide selection of yoga clothing and equipment from the best brands in the industry to equip all levels of yogis as their practice evolves on and off the mat. Everyday Yoga has been named by Morning Brew as one of the fastest growing sports brands in 2020.

Global Product Manager of Ecommerce Technology

Remote control | Reports to the Product Manager | Full time

We are hiring a full-time Global Ecommerce Technology Product Manager to help us grow globally. We are on a mission to be the global destination for all swimmers and yogis.

The Product Manager will lead the strategy, roadmap and delivery of technology product improvements to expand our global business footprint. This role works closely with engineers, designers, data science and our marketing team to make improvements in supporting our clients that translate into long-term retention results.

We are looking for a strong Generalist with global experience who is also comfortable discussing technical challenges with Engineering, quickly identifying the root of an opportunity from user feedback, and rallying stakeholders around your vision for the business. product. Most importantly, you are passionate about eliminating issues for our users through product improvements and proactive solutions.

What will you do

  • Work closely with the development team and internal stakeholders from all brands to ensure that our technology platform is built and optimized to facilitate entry into new countries and tailor the experience to meet needs and nuanced expectations of these customer segments.
  • Drive and manage the technology product roadmap and execute a transparent and results-driven Lean product development process for new features and enhancements across mobile and web
  • Shepard products through development, testing and launch, advocating for the best results
  • Use data to understand customer needs and behaviors as well as business goals and transform that knowledge into website and application improvements and new functionality across all of our global businesses
  • Build intimate customer knowledge, business KPIs, and technology capabilities to inform product decisions
  • Collect customer needs and feedback through frequent research and testing
  • Create, maintain and communicate the overall e-commerce product strategy and roadmap with key stakeholders
  • Perform engagement and retention analysis to inform, measure and iterate on product development
  • Synthesize research, analysis and stakeholder feedback into detailed product requirements for new customer experiences and internal tools
  • Collaborate with designers and engineering to create and validate solutions to customer needs
  • Manage cross-functional teams; identify and establish when to bring together the right teams and the right people to focus on the right content in a fast-paced environment
  • Drive decision making for the next global market to expand to
  • Understand the unique requirements of each country in which we seek to expand

Who are you

  • Highly collaborative and can create order in chaos by asking tough questions
  • Comfortable in an ambiguous environment and leading projects and teams
  • Autonomous, proactive with an entrepreneurial spirit and mindset, excited to roll up your sleeves to get things done and achieve ambitious goals in an innovative and fast-paced environment
  • Able to prioritize, juggle multiple priorities, and change direction quickly

you have

  • Bachelor’s degree and over 3 years of global product development and product management experience building and scaling mobile and web products and leading large projects within a large, complex organization with several brands
  • Experience in implementing minimum viable processes and influencing team behaviors; Iterate based on feedback quickly without hesitation
  • Experience in managing technically complex products that require multiple platform integrations
  • Experience working with third-party vendors and managing end-to-end integrations
  • Experience working with software components on mobile and web
  • Proven experience in identifying customer and business needs and translating them into application and operational requirements
  • Global e-commerce experience in retail; swimwear, clothing and / or sports industries
  • Shopify experience

Working environment

This position is based in the USA and 100% remote.

To travel

This position may require occasional national and international travel.

Reference, credit and background checks

This role is subject to reference, background and credit checks.

Equal employment opportunities policy

SwimOutlet provides equal employment opportunities to all employees and job applicants and prohibits discrimination and harassment of any kind regardless of race, color, religion, age, sex, origin national, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

How to register

Please send your curriculum vitae / cover letter to:

https://spiraledgeinc.applytojob.com/apply/juJvuT2KTd/Global-Ecommerce-Technology-Product-Manager?source=SwimSwam

Contact details

Briana Africa

2105 S, avenue Bascom
Suite # 160

phone: 5104157467


Source link

]]>
Lulu’s joins bumper crop of retailers with intention to go public https://mogotheme.com/lulus-joins-bumper-crop-of-retailers-with-intention-to-go-public/ Thu, 14 Oct 2021 16:01:36 +0000 https://mogotheme.com/lulus-joins-bumper-crop-of-retailers-with-intention-to-go-public/ Dive brief: Lulu’s joins the hordes of retailers going public this year. The online fast fashion company, also known as Lulu’s Fashion Lounge Holdings, this week announced that she had filed a Form S-1 Declaration of registration with the United States Securities and Exchange Commission. The number of shares to be offered and the price […]]]>

Dive brief:

  • Lulu’s joins the hordes of retailers going public this year. The online fast fashion company, also known as Lulu’s Fashion Lounge Holdings, this week announced that she had filed a Form S-1 Declaration of registration with the United States Securities and Exchange Commission.

  • The number of shares to be offered and the price range of the proposed offer have not yet been determined, by Lulu’s press release.

  • Lulu’s, which plans to list on the global Nasdaq market under the symbol “LVLU”, is expected to be in the dark during its most recent quarter ended Oct. 3, with net income of $ 3.3 million, in substantial increase from $ 377,000 in net income in the period a year ago, according to S-1. But the e-merchant ended his last two years in the red, with net losses of $469,000 in 2019 and $ 19.3 million in 2020.

Dive overview:

Some may think that fast fashion is under intense pressure, in part because of the concerns of young consumers about the environment and working practices. Analysts at UBS and Moody’s warned earlier this year that fast fashion companies would lose customers as sustainability and transparency gain in importance and resale and other apparel segments benefit from the changing market dynamics.

But companies like Lulu’s and Shein might disagree, and, in fact, Lulu’s pretty much does in its flyer. The online retailer is postulating that it is a brick and mortar clothing retail business with gradation prospects, due to “a prolonged and unattractive merchandising and buying cycle, “wholesale profit margin and growth in online sales, especially from younger shoppers.

“Traditional clothing brands and retail models are under increasing pressure,” according to S-1. “From 2016 to 2019, we believe online penetration in the US apparel industry increased from 17% to 25%, and this category shift is expected to continue with online penetration reaching 38% by the end. of this year and 49% by 2025. Offline Retail models have generally failed to keep up with changing consumer preferences and are burdened with large footprints of inflexible physical stores, management challenges inventory, seasonality of demand and a highly promotional environment, with competitors seeking to capture all available sales to cover high fixed costs. “

Lulu’s said it started in 1996 as a brick and mortar store, “but amid the growing adoption by consumers of e-commerce and the growing influence of social media, we’ve moved to an online-only model in order to reach our target customer where they prefer to engage. engagement ”, watching revenue and customer base grow nationwide all the time.

The company on the record also boasted of its “efficient product development”, customer service, supply chain and data-driven marketing.


Source link

]]>
Fashion retailer SportSpar.de dramatically increases orders https://mogotheme.com/fashion-retailer-sportspar-de-dramatically-increases-orders/ Wed, 13 Oct 2021 10:45:00 +0000 https://mogotheme.com/fashion-retailer-sportspar-de-dramatically-increases-orders/ MUNICH, Germany, Oct. 13, 2021 (GLOBE NEWSWIRE) – Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the world’s leading union of logistics-intensive businesses in commerce, announces that the retailer of German fashion SportSpar.de has increased its ability to ship customer orders by 500% without increasing resources using Descartes’ e-commerce warehouse management (WMS) solution. The shift from […]]]>

MUNICH, Germany, Oct. 13, 2021 (GLOBE NEWSWIRE) – Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the world’s leading union of logistics-intensive businesses in commerce, announces that the retailer of German fashion SportSpar.de has increased its ability to ship customer orders by 500% without increasing resources using Descartes’ e-commerce warehouse management (WMS) solution. The shift from manual single-order fulfillment to highly efficient and optimized technology-based multiple-order picking processes has dramatically increased the retailer’s number of shipments per day.

“We mainly sell the remaining stock and the collections of well-known brands from the previous year and we have successfully positioned ourselves in a niche with this business model,” said Aleksandr Borisenko, one of the two founders and managing directors of SportSpar.de. “From the start, we realized that our manual and inefficient order fulfillment processes were limiting growth. Descartes’ automated fulfillment processes work well, are straightforward, and can help us expand our product catalog as much as we want. Since implementation, we’ve expanded our processes, purchased more products, and shipped significantly more customer orders. “

As part of Descartes e-commerce shipping and fulfillment suite, Descartes e-commerce WMS solution helps direct-to-consumer brands, e-commerce retailers and traditional retailers scale rapidly while delivering an experience. outstanding end customer. The solution helps ensure that customers can ship on time, ship the right items, don’t oversell existing inventory, and have transparency into warehouse operations. The WMS Descartes e-commerce solution is pre-integrated with the main e-commerce platforms to accelerate implementation and profitability. Order information is automatically available and fulfillment is handled through mobile device-based workflows.

“We are very happy to have supported SportSpar.de in the successful expansion of their business,” said Dirk Haschke, vice president and general manager of e-commerce at Descartes. “Our solution offers flexible and scalable processes that take people to the next level. The deployment to SportSpar.de is a prime example of how automated, system-supported order fulfillment enables e-commerce businesses to take control of their operations, improve productivity and grow. with success. “

About Sportspar GmbH

Founded in 2010, Sportspar GmbH has grown from a small marketplace retailer to one of the leading German retailers in the online fashion industry. From the start, twin brothers Aleksandr and Jevgenij Borisenko have been at the helm of this company. In 2018, the first of 6 international online stores went live, and more countries will follow. In order to stimulate the growth of the company, the target groups “ladies” and “children” will also be targeted in the future. In addition, the product line is expanded with self-produced items that could not be offered until now. You can find more information at https://www.sportspar.com/.

About Descartes

Descartes (Nasdaq: DSGX) (TSX: DSG) is the global leader in providing on-demand software as a service solutions focused on improving the productivity, performance and security of logistics intensive businesses. Customers use our modular software-as-a-service solutions to route, plan, track and measure delivery resources; plan, allocate and execute shipments; assess, verify and pay transport invoices; access global trade data; file customs and security documents for imports and exports; and complement many other logistics processes by participating in the world’s largest collaborative multimodal logistics community. Our head office is in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more about www.descartes.com, and connect with us on LinkedIn and Twitter.

Global media contact
Andra Schaz
Phone: +49 (0) 89 961 60 61 66
aschaz@descartes.com

Caution regarding forward-looking statements

This press release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ solutions offering and the potential benefits derived therefrom, including potential efficiencies and benefits. potential improvements in productivity; and other questions. Such forward-looking statements involve risks, uncertainties, assumptions and other known and unknown factors that may cause actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied. by these forward-looking statements. These factors include, but are not limited to, the factors and assumptions discussed in the section entitled “Certain Factors That May Affect Future Results” in filings with the Securities and Exchange Commission, Ontario Securities Commission. and other securities commissions across Canada, including Descartes recently filed a MD&A. If such risks do occur, they could have a material adverse effect on our business, financial condition or results of operations. In this case, the price of our common shares could decline, possibly significantly. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans for the future. Readers are cautioned that this information may not be appropriate for other purposes. We do not undertake or accept any obligation or commitment to publicly issue updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in the events, conditions or circumstances upon which such statement is based. , unless required by law.


Source link

]]>
Tributes to Alber Elbaz, fourth wall at Balenciaga and mini-skirts at Miu Miu – Glossy https://mogotheme.com/tributes-to-alber-elbaz-fourth-wall-at-balenciaga-and-mini-skirts-at-miu-miu-glossy/ Tue, 12 Oct 2021 04:07:39 +0000 https://mogotheme.com/tributes-to-alber-elbaz-fourth-wall-at-balenciaga-and-mini-skirts-at-miu-miu-glossy/ The first fashion week ever to be set up, Paris Fashion Week has quite a reputation to relive. Unlike the brands featured in other fashion weeks, the city’s mainstays – Chanel, Louis Vuitton, Givenchy, Hermés, Dior, Saint Laurent – stuck to the fashion week schedule, even avoiding it as the future. It’s like many other […]]]>

The first fashion week ever to be set up, Paris Fashion Week has quite a reputation to relive. Unlike the brands featured in other fashion weeks, the city’s mainstays – Chanel, Louis Vuitton, Givenchy, Hermés, Dior, Saint Laurent – stuck to the fashion week schedule, even avoiding it as the future. It’s like many other designers responding to new calls for fewer shows and a more sustainable schedule, as the world breaks free from its grip on Covid.

This season in Paris, the theme of joy seemed to run through the majority of the collections, while the designers focused on bringing lightness to the procedures. “It really felt like a sort of reunion,” said Maria Milano, chief merchant of Olivela, a fashion and luxury e-commerce site that donates 20% of every purchase to charity. “Both on the track and in terms of reconnecting people, I felt the community lacked inspiration.”

Other topics covered included brands that rely heavily on celebrities and influencers, as well as the intersection of entertainment and fashion. The week was also a time for fashion returns to the 60s and 90s, and tributes to fashion houses and designers of the past.

Looking back on past decades
Dior was the first of the big houses to show, with Maria Grazia Chiuri releasing a collection inspired by the house’s Slim Look collection from the 1960s, which included mod dresses and clean graphic shapes. Looks like the Dior boxing shorts have been repeated in multiple colourways, echoing the multi-colored set design by pop artist Anna Paparatti. While the show wasn’t particularly drastic, the brand performed extremely well in its social media coverage. In terms of media impact value (MIV), it was the top brand – both in the overall brand ranking and in the ranking of brands by owned media – according to Launchmetrics. He was supported by his ambassador, Blackpink singer Kim Ji-Soo, who attended the show and was the top performing celebrity of the week on social media.

Designer Miuccia Prada turned her attention to Miu Miu, with Raf Simons co-designed for Prada. At PFW, the brand showcased mini skirts and a relaxed, modern collection with high-cut jeans – a definitive tomboy vibe that seemed to bring a fresh air to the brand. It was also a show within the show, featuring past collections on the hall’s screens.

Celebrities and influencers are creating a buzz on the brand
The growing presence and reach of celebrities and influencers has been a recurring theme during this fashion month season. They included Cardi B at Richard Quinn, Dua Lipa walking in the Versace show, and Camila Cabello and Shawn Mendez at NYFW. As for social media influencers, they mostly came from TikTok this season. The app hit 1 billion users in September, and fashion brands are increasingly aligning themselves with its biggest stars. Wisdom Kaye, who has 7 million subscribers on the app and signed with IMG after becoming known, paraded in the Balmain fashion show in Paris. Meanwhile, Abby Roberts, known for her iconic beauty looks, has been seen on catwalks from London to Milan. And Addison Rae attended the Versace show in Milan.

New collaborations combine entertainment and fashion
This fashion season has been reinforced by numerous collaborations on the catwalks, from the Mongenius concept by Moncler’s to the “Fendace” by Fendi x Versace. While collaborations within the fashion space seem to have multiplied, not much this season has worked to add value to both brands, bringing a point of differentiation to the hundreds of other collaborations underway throughout the year. Balenciaga, for its part, balanced its collaboration between the fields of fashion and entertainment through an episode of “The Simpsons”. The brand created a red carpet run for its guest-slash models which was televised to the public seated in theChâtelet Theater. Among the guests were celebrities and friends of the house, who sported the new collection and served as a presentation. Immediately afterwards, a 10-minute Balenciaga x “Simpsons” episode aired on screen. The mix of nostalgia and humor plays on the identity of the brand which has focused on subversion of fashion ideals while keeping its collections innovative and wearable.

Sustainable development and innovation: Mushroom leather, biodiversity and upcycling
Paris Fashion Week’s biggest shock came from the surge of support via social media for the Extinction Rebellion protester who was dragged out after showing a banner on the Louis Vuitton catwalk. It was written: “Overconsumption = extinction”. However, many onlookers believed she shouldn’t have been dragged and expressed his disappointment that the protest was not aimed more at fast fashion brands.

Some PFW brands like Stella McCartney, Marine Serre and Chloé have also re-committed to their circular fashion message. Stella McCartney launched an easy, asymmetrical collection with her first mushroom leather Frayme bag. According to the press release, “Mylo is a material innovation by Bolt threads and is a verified vegan, durable and animal-free alternative to leather made from mycelium – the endlessly renewable underground root system of fungi.

And, in line with the brand’s previous collections focused on upcycling, Marine Serre presented a collection made up of 45% recycled yarns and 45% regenerated materials. Chloe, on the other hand, focused on craftsmanship, low-impact materials, and supporting organizations like Ocean Sole, which recycles flip-flops into new shoes, and Akanjo, a movement putting craftsmanship first. plan in Madagascar. Some other brands have made sustainability commitments as well, but the overall presence of related initiatives has been disappointing.

Commemorations of the AZ factory in Balmain and Alber Elbaz
A large number of subscribers was the key to securing placement in the shows. Models like Naomi Campbell (11.5 million Instagram followers) and Carla Bruni (694,000 Instagram followers) embellished the Balmain catwalk, where Oliver Rousteing celebrated the brand’s 10th anniversary alongside an audio tribute by Beyonceé and 6,000 fans of the brand. This “Balmain Festival” raised funds for long-time charitable partner RED in the fight against AIDS, as well as for Covid-19 and aid to women in developing countries.

Balmain’s Oliver Rousteing was also among the group of designers who commemorated Alber Elbaz, who died of Covid-19 in April. Forty-five designers came together in a heart-filled tribute around the Elbaz AZ Factory brand, reinterpreting the designer’s looks from past collections. Elbaz was a key figure in the industry, first at the helm of Lanvin, then in modular and inclusive fashion at AZ Factory.



Source link

]]>
A case for the green transition in our clothing sector https://mogotheme.com/a-case-for-the-green-transition-in-our-clothing-sector/ Sun, 10 Oct 2021 18:00:00 +0000 https://mogotheme.com/a-case-for-the-green-transition-in-our-clothing-sector/ In today’s world, business is not just about profit, jobs, income and growth. Therefore, it is not only about economic sustainability, but also about social and environmental sustainability. As the 26th meeting of the Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) approaches, the green transition of all […]]]>

In today’s world, business is not just about profit, jobs, income and growth. Therefore, it is not only about economic sustainability, but also about social and environmental sustainability. As the 26th meeting of the Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) approaches, the green transition of all economic activities has accelerated. Several world leaders reiterated their commitment to reducing greenhouse gas (GHG) emissions and set ambitious targets to achieve net zero emission levels to keep global temperature rise below 1, 5 degree Celsius. The private sector, including large companies, is also committed to reducing carbon emissions and setting deadlines to become carbon neutral.

One can refer to the findings of a McKinsey report in 2018, which indicated that the global fashion industry emitted about 2.1 billion metric tonnes of GHGs, which is equivalent to about four percent of total global emissions of GES. The fashion industry must reduce its GHG emissions by 1.1 billion metric tonnes of carbon equivalent by 2030. Unfortunately, at the current trajectory of its GHG emissions, the 2030 targets will not be met.

Bangladesh is a small player in the global fashion industry. In fact, Bangladesh’s national contribution to global GHG emissions is 0.45 percent. However, despite its negligible GHG emissions, Bangladesh must play its role and make efforts for the green transition of its economy, including the ready-to-wear (RMG) sector. Producers, buyers and consumers around the world are more aware than ever of climate and environmental issues. Therefore, sustainability has become a central agenda among brands. Many high-end brands have also started using recycled fabrics. More than 40 brands have pledged to reduce their GHG emissions by 30% by 2030.

The RMG sector is not only intensive in human resources, but also in natural resources, at every stage of the life cycle. The sector generates large amounts of waste – it requires volumes of clean fresh water for washing, dyeing and finishing (WDF) textiles. The textile sector is also energy intensive. For WDF-related activities, hot water and steam must be generated, which contributes to GHG emissions. In addition, a number of harmful chemicals including nitrous oxides, sulfur dioxide, carbon monoxide and chlorine dioxide are also released from factories by various activities. Therefore, the environmentally friendly production process in RMG sector involves waste management, water conservation and energy efficiency.

The government of Bangladesh is committed to achieving higher economic growth in an environmentally friendly manner and will strive to reduce the impacts of climate change. Its medium and long term plans, such as the Eighth Five Year Plan and the Bangladesh Delta Plan 2100, have set out strategies and action plans in this direction. Among other things, pollution monitoring and control, increased investment in industrial effluent treatment plants and adoption of cleaner technologies for economic activities are among the few important promises of the government.

In the recent past, the RMG sector of Bangladesh has taken a number of initiatives in favor of a green and sustainable industry. The Bangladesh Garments Manufacturers and Exporters Association (BGMEA) signed the United Nations Fashion Industry Charter for Climate Action in 2019 with the UNFCCC to reduce GHG emissions by 30% by 2030. It has also partnered with a number of international organizations to promote environmental sustainability. . One of its commitments to be part of the German government’s “Green Button Initiative” is a state seal on environmental sustainability.

Bangladesh has 148 Leadership in Energy and Environmental Design (LEED) green clothing factories, certified by the US Green Building Council. Nine of RMG’s top 10 green factories in the world are located in Bangladesh. In addition, 40 of the top 100 green industrial projects in the world are located in Bangladesh. More than 500 factories are in preparation for green factory status. It should be noted that in a very competitive environment in terms of costs, it is difficult to be LEED certified companies which are designed and built in such a way as to use less energy and water, to have a good quality of the indoor air and improve the quality of life. . These standards are much higher than national requirements and are also expensive. In addition, RMG factories have joined the International Finance Corporation (IFC) Cleaner Textile Partnership (PaCT) program, which aims to reduce environmental impact and resource consumption in the sector. The PaCT factories have adopted cleaner production practices, which have helped to reduce their GHG emissions.

The RMG sector is one of the main engines of the Bangladesh economy. It is the source of employment and income for around four million workers, the majority of whom are women. It is a key source of foreign exchange income. Currently, about 81 percent of export earnings come from this sector. Bangladesh is the world’s second largest exporter of clothing, after China. During the ongoing Covid-19 pandemic, the industry faced challenges in reducing exports due to the nationwide lockdown aimed at containing the spread of the coronavirus, as well as the cancellation and postponement of orders by a certain number of international buyers. However, as soon as world markets started to open up, RMG’s exports also started to recover. In recent months, RMG’s export growth has been significant. In September 2021, RMG’s exports increased by 41.7% compared to the previous month.

Over the past decade, the industry has worked to improve various compliances in partnership with brands. As the country moves from least developed country (LDC) status by 2026, compliance requirements on Bangladeshi exports will become more stringent. With greater commitments from governments and private sectors and greater awareness among consumers around the world, social and environmental issues are taking center stage in production and consumption.

However, the green economic transition also involves costs. To remain competitive in the global market, improving productivity and minimizing costs are necessary. Some LEED factory owners are not happy because they haven’t seen a return on their green investments in terms of higher revenues. Buyers are asking higher prices for clothing to make supply chains climate neutral. In addition, it will be difficult for many factories to be climate positive through energy efficient technologies due to the additional costs involved.

Therefore, technology transfer and financing are two major requirements for the green transition of the RMG sector in Bangladesh. Higher productivity and less waste of resources through better technology can lower costs. However, technological upgrading must be combined with the development of workers’ capacities as it can lead to the displacement of unskilled workers, especially women. Indeed, environmental compliance must be coupled with social compliance. It must ensure a decent life for its workers.

Catalyzing green finance is crucial for the green transformation of the RMG industry through environmentally friendly technologies. Global sources such as the Green Climate Fund have been less effective because the disbursement process is slow. However, given the scale of the needs of a green lane, green funding will have to be mobilized from multiple sources. Public resources can never meet demand; private investment is more crucial. A blended finance package including grants, green loan guarantees, soft loans and also buyer support can reduce environmental investment risks and catalyze private funds. Increasing green investments in the RMG sector will not only make the RMG sector sustainable, but will also help achieve Bangladesh’s commitments towards the implementation of the Sustainable Development Goals (SDGs), including two important SDGs: SDG 12 on responsible consumption and production; and SDG 13 on climate action. Thus, the commitments for a green RMG sector are also commitments for intergenerational equity.

Dr Fahmida Khatun is Executive Director of the Center for Policy Dialogue (CPD).


Source link

]]>
Ecommerce Businesses Record $ 2.7 Billion in Sales in First 4 Days of Party Selling: RedSeer https://mogotheme.com/ecommerce-businesses-record-2-7-billion-in-sales-in-first-4-days-of-party-selling-redseer/ Sat, 09 Oct 2021 16:06:00 +0000 https://mogotheme.com/ecommerce-businesses-record-2-7-billion-in-sales-in-first-4-days-of-party-selling-redseer/ Smartphones contributed about 50 percent of GMV in the first four days of sales. Ecommerce platforms, including social commerce and grocery shopping, achieved around $ 2.7 billion in sales in the first four days of the festive sale and are on track to hit the 4.8 mark. billion dollars in gross GMV, consulting firm RedSeer […]]]>
Smartphones contributed about 50 percent of GMV in the first four days of sales.

Ecommerce platforms, including social commerce and grocery shopping, achieved around $ 2.7 billion in sales in the first four days of the festive sale and are on track to hit the 4.8 mark. billion dollars in gross GMV, consulting firm RedSeer said on Saturday.

RedSeer Consulting forecast last month that online platforms would see 30% year-on-year growth in gross GMV to $ 4.8 billion in the first week of festive sales. These platforms are expected to potentially record over $ 9 billion in Gross Merchandise Value (GMV) throughout the holiday season this year, up from $ 7.4 billion last year, a growth of 23%.

Gross GMV refers to the total value of goods sold on the platform before subtracting the cancellation or return.

“… In the first week (October 2-5) of the 2021 festive sale, e-commerce platforms, including social commerce and grocery shopping, totaled approximately $ 2.7 billion in sales and are well on their way. ‘reach a gross value of $ 4.8 billion. (GMV)… ”said RedSeer in its“ Mid-Festive Check In ”report.

He added that the first four days of CY2020’s holiday week accounted for 63% of overall holiday week sales – compared to this year when they accounted for around 57% of forecast sales.

Smartphones contributed around 50% of GMV in the first four days of sales.

“With festive sales longer than last year (9 days versus 7 days) – we observe that customer demand is more spread out over the period than concentrated in the first half of the holiday week. In this regard, we have seen sales of around $ 2.7 billion on e-commerce platforms and we expect another figure of around $ 2.1 billion over the next five days, ”he said. said Ujjwal Chaudhry, associate partner of Redseer.

The report estimates that more than 75 percent of customers plan to buy the equivalent or more than last year in categories such as mobiles, major appliances, beauty and fashion.

Ecommerce businesses see a large portion of their annual revenue coming in during festive sales and they are making significant investments up front to increase capacity and add functionality to be able to handle spike in orders, while ensuring a smooth experience for buyers and sellers.

Companies across the spectrum, including Flipkart, Amazon, Snapdeal, and Myntra, have lined up new launches and offers to woo shoppers this holiday season. The players organize several sales events which are timed around Dussehra and Diwali.

Get live stock quotes for BSE, NSE, US market and latest net asset value, mutual fund portfolio, see the latest IPO news, top IPOs, calculate your tax with the help of the income tax calculator, know the best winners, the best losers and the best equity funds in the market. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.



Source link

]]>