Articles by Rachel Douglass
Soon-to-be-launched marketplace Draup hopes to maximise the value of digital fashion
Aug 17, 2022 - Business
There is no denying that digital fashion is continuing to strongly cement its place in the fashion industry. However, the virtual world is still under constant development, a process that has been left in the hands of the few who have put it upon themselves to build the space up in a responsible manner. “Because we are so early, every platform...
Item of the week: the v-neck sweater
Aug 17, 2022 - Fashion
What it is: While the crewneck sweater has been dominating menswear fashion the past few years, the classic v-neck has been beginning to make a comeback and was especially popular during the men’s runway collections for SS23. Typically, the v-neck sweater, which can often be seen in a knit or in cotton, consists of a low cut neckline and is...
H&M quietly returns to China’s Tmall after 16 month boycott
Aug 16, 2022 - Business
Fashion giant H&M has re-opened its official store on Alibaba’s e-commerce platform Tmall, after 16 months of absence. The Chinese site took the retailer down after the brand criticised human rights abuses in Xinjiang and pledged not to use cotton from the region. The Swedish group, which launched on Tmall in 2018, joined many other retailers in...
ThredUp says budget shoppers holding back in Q2 report
Aug 16, 2022 - Business
Resale service provider ThredUp reported strong year-over-year growth in its Q2 financial report, however noted that budget shoppers were holding back on spending as the economy continues to take a hit. In its recent earnings call, CEO James Reinhart said that the company’s total Q2 revenue came out to 76.4 million dollars, at a 27 percent...
Cone Denim expands partnership with hemp tech company, BastCore
Aug 16, 2022 - Business
Cone Denim has announced that it will be expanding its partnership with hemp processing innovator Bast Core, following the launch of the duo’s US Hemp Collection. The partnership looks to build on the company's efforts of bringing new opportunities for collaboration between like minded businesses while providing sustainable denim offerings to...
Depop brings thrifting to The Sims in new collaboration
Aug 16, 2022 - Fashion
Resale marketplace Depop has revealed a new collaboration with The Sims 4, as the popular game releases its new High School Years Expansion Pack. A handful of selected Depop sellers have created in-game pieces, available to buy at the game’s new thrift store and boba tea hangout, ThriftTea. Looks draw inspiration from the currently sought after...
Carhartt appoints Susan Hennike as chief brand officer
Aug 16, 2022 - Business
Workwear brand Carhartt has announced the appointment of Susan Hennike as its new chief brand officer. Hennike will report directly to the company’s president and chief operating officer, Linda Hubbard. In her role, Hennike has been tasked with leading the strategic development of multi-year brand strategies that aim to position the company for...
Ted Baker agrees to cash offer from Authentic Brands Group
Aug 16, 2022 - Business
British lifestyle retailer Ted Baker has announced it has reached an agreement on the terms of a recommended final cash offer by a newly incorporated entity of Authentic Brands Group (ABG). UK-based ABG-Robin BidCo could be set to acquire the entire issued and to be issued share capital of Ted Baker, which will be implemented through a...
Why brands should get involved in re-commerce, according to Recurate
Aug 15, 2022 - Business
A new report by Recurate has highlighted the growing consumer popularity within resale, thrifting and vintage shopping. In the report, entitled ‘Circular Fashion is Now’, the resale platform outlined the results of a survey it carried out with 1,000 adults in the US and Canada, with further data from an additional 11 markets curated from...
Prada reportedly seeking one billion dollar second listing
Aug 15, 2022 - Business
Prada is reportedly considering establishing a second listing at a valuation of one billion dollars as it looks to diversify its investor base outside of Hong Kong. According to a report by Bloomberg, the luxury group is working with Goldman Sachs Group on preliminary preparations in regards to a potential offering, with a listing to likely take...