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ORDRE Weekly

This week's roundup looks at the UK government's initiative to tackle supply chain labour exploitation, the comeback of independent stores in the US and more

  • Fashion Research Italy's multimedia interactive catwalk to stage virtual runway shows
  • Shoppers have the answers, but brands need to ask the questions
  • UK government launches initiative to tackle supply chain labour exploitation
  • Shenzhen startup has AI dreams of going truly global
  • In the US, independent stores stage a comeback
  • LVMH profit grows at fastest rate since 2011 after Asia rebounds
  • Gucci captures millenials to help Kering unveil more eye-catching results
  • MYFW: Stop the negativity
  • What will become of the retail worker after 'The Apocalypse'?
  • 5,500 fashion retailers at risk of insolvency

 

FASHION RESEARCH ITALY TO OPEN HEADQUARTERS IN OCTOBER

WWD

"Former La Perla chief Alberto Masotti embarks on a new project to foster innovation, heritage and education in fashion."

 

SHOPPERS HAVE THE ANSWERS, BUT BRANDS NEED TO ASK THE QUESTIONS

Retail Dive

"Retailers no longer dictate trends, says Hannah Hale of Lucky Brand. It's time to shift from a "push" to a "pull" model by asking shoppers what they want."

 

UK GOVERNMENT LAUNCHES INITIATIVE TO TACKLE SUPPLY CHAIN LABOUR EXPLOITATION

Fashion Network

"The government is increasing efforts to end exploitation in the workplace as it vows to jail worst offenders and review the effectiveness of current enforcement practices."

 

SHENZHEN STARTUP HAS AI DREAMS OF GOING TRULY GLOBAL

China Daily

"Innovation is in Scott's DNA and fueled his desire to set up Malong Technologies, which specializes in AI-based visual product recognition technology. "Being in China is really important when it comes to AI," he said. "If you look at the numbers, such as publications on topics like deep learning, it's China that is leading the way."

 

IN US, INDEPENDENT STORES STAGE A COMEBACK

Business Of Fashion

"The 2008 financial crisis put many local American retailers out of business, but the survivors are now stronger than ever."

 

LVMH PROFIT GROWS AT FASTEST RATE SINCE 2011 AFTER ASIA REBOUNDS

Bloomberg 

"LVMH’s report Wednesday underlined a luxury industry recovery that began in China after a multiyear slowdown caused in part by a crackdown in corruption. The company’s shares are up about 20 percent since the start of the year, as investors have welcomed the improved outlook and a 6.5 billion-euro deal for LVMH to take full control of Christian Dior. In May, LVMH surpassed energy giant Total SA to become France’s most valuable company."

 

TRENDING UP: GUCCI CAPTURES MILLENNIALS TO HELP KERING UNVEIL MORE EYE-CATCHING RESULTS

CNBC

"The revamp of classic high-end fashion brands including Gucci and Balenciaga has helped French parent Kering deliver a stellar set of results for the first half of the year, with scion Francois-Henri Pinault telling CNBC that the company's success is not as fickle as fashion itself."

 

NYFW: STOP THE NEGATIVITY

Business Of Fashion

"It’s time for the fashion industry to stop fixating on what’s wrong with New York Fashion Week and start embracing new ideas that can take us forward, argues Ed Filipowski."

 

WHAT WILL BECOME OF THE RETAIL WORKER AFTER THE 'APOCALYPSE'?

Retail Dive

"Employment losses in the retail sector are approaching 2009 levels with 60,000 jobs cut and counting. As retailers realign resources around e-commerce, the roles of associates are also changing."

 

5,500 FASHION RETAILERS AT RISK OF INSOLVENCY

Drapers

"More than 5,500 clothing retailers are estimated to be at risk of becoming insolvent, as business rates and Brexit negotiations continue to add pressure on the industry."