Fashion Industry News Re-Cap for May 7th, 2018
FASHION INDUSTRY NEWS RE-CAP
for April 30th
No need to read the news every, damn, day. Stay up-to-date on the fashion industry with StyleDispatch.com and the Fashion Industry News Re-Cap! This week we are covering the labor numbers, under-staffed stores, slowing China, pop-ups, etc…
Liz O. Baylen | Los Angeles Times | Getty Images Companies announced plans to cut 36,081 jobs in April, a 43 percent decrease from March, a private survey reported Thursday. The improvement from March’s spike of 64,141 was not enough to erase an increase in job-cut announcements this year.
Many of America’s biggest retailers, under assault from Amazon, have been slashing staff even faster than they have been closing stores, a dynamic that has left fewer clerks and longer checkout lines.
China’s once-booming textile and clothing industry faces tough times – SCMP
Country remains the world’s biggest clothing exporter, but oversupply, high labour costs and rising protectionism have eroded its competitiveness
J.C. Penney is teaming up with singer-songwriter Lionel Richie for the retailer’s latest brand. The department store chain has already found success in curating exclusive men’s clothing lines backed by Michael Strahan and Shaquille O’Neal, a beauty line by Rihanna (for Sephora shops inside J.C.
Oliver Corral and Bessie Afnaim Corral are rule breakers. Launched just over a year ago, their label (or “love child”), Arjé, functions on a singularly fresh retail strategy: It’s rooted in the see-now-buy-now model, but everything’s in fast-forward.
Apparel and footwear company VF Corp. on Friday reported first-quarter revenue that topped Wall Street estimates, on demand for Vans shoes and North Face apparel as well as higher online sales. VF has ramped up efforts in reshaping its portfolio and elevating its most powerful brands like Vans sneakers, Wrangler jeans, and Timberland boots.