People

Amazon Fashion names president

Amazon Fashion has reportedly named Muge Erdirik Dogan as its new president. Dogan takes over from Christine Beauchamp, who has been promoted to Amazon’s head of consumer categories in North America, WWD reports. Dogan has not made a statement on what her plans for Amazon are, but she is a longtime Amazon insider, having worked at the company...

Mar. 4, 2021

Business

Gap posts sales decline in Q4, expects recovery in 2021

Gap’s diluted earnings per share were 61 cents for the fourth quarter of fiscal year 2020. The company said, net sales were 4.4 billion dollars, a decrease of 5 percent compared with last year, while online sales grew 49 percent compared with last year and represented 46 percent of net sales in the fourth quarter, which was an increase of over...

Mar. 5, 2021

Retail

5 gender neutral brands to watch

The growth of genderless and unisex fashion brands is a sign of the times that the constructs of who-wears-what is evolving. Gen Z especially has embraced wearing clothing they feel comfortable in rather than what has been designated to them based on their sex. Constructs of masculinity and femininity are shifting, blurring the lines between...

Mar. 4, 2021

Business

One year later: How are garment workers and suppliers faring since the Covid-19 pandemic started?

A recent panel to assess the impact of the Covid-19 pandemic on garment workers and suppliers revealed that one year later, not all is well in the world of fashion. In fact, research shows that garment workers are going hungry, brands are asking for steep discounts on new orders, and wages to factory workers are going down; all of this is...

Mar. 4, 2021

More News

People

NBA legend Earvin 'Magic' Johnson joins Fanatics board

Fanatics, a US online retailer of licensed sportswear, has appointed basketball legend Earvin 'Magic' Johnson to its board. Johnson, who is a member of the Naismith Memorial Basketball Hall of Fame and is a three-time NBA MVP, joins Mindy Grossman, the CEO of WW International, and Jerry Storch, the founder and CEO of Storch Advisors, as Fanatics...

Mar. 5, 2021

Business

China to intensify supervision of booming fintech sector

China announced plans Friday to boost supervision of the country's huge fintech sector and beef up its anti-monopoly drive, months after a crackdown on the sector that dealt a severe blow to e-commerce titan Alibaba and tycoon founder Jack Ma. Beijing has in recent months looked to rein in its booming financial technology companies to address a...

Mar. 5, 2021