As March comes to an end, FashionUnited takes a look back at the
biggest news to hit the world of fashion.
To celebrate the launch of their new Fashion Management Program, Parsons
brought together a panel of five industry leaders to discuss success before
an audience of students and professionals keen to find out if leaders are
born that way or if anyone can become one.
Earlier this month – and with the help of data analytics firm Edited –
FashionUnited to look back at the main trends from the New York, London,
Milan and Paris runways to determine which of the trending themes, colors,
fabrics and prints are most likely to be picked up by major fashion
retailers. Here are the conclusions:
A ‘Disorderly Brexit,’ where either the UK leaves the EU without an
agreement or the UK’s departure from the EU is delayed while fresh attempts
are made to arrive at an agreement, could see the UK’s retail economy
suffer a 3.1 billion pound reduction in output a year by 2024.
So much has changed in retail in the last twenty years that it may seem
almost impossible to predict what the next 20 years have in store. But
market research firm Euromonitor did just that. The company just published
a white paper exploring how technology can change commerce and consumer
behavior over the next two decades. Here are its main takeaways:
The total cost of crime and crime prevention for British retailers
increased by 12 percent to 1.9 billion pounds last year – equivalent to
approximately 20 percent of the estimated profits of the entire industry –
according to a new report by the British Retail Consortium (BRC).
Italian leather goods label Furla is booming. The company closed FY 2018
with a turnover of 513 million euros (approximately 579 million US dollars
or 440 million pounds) and is seeking to diversify its portfolio by
launching a sneaker collection.
The Arcadia Group is in trouble. Just how deep remains speculative, but
the company has sent out warning signals it needs to cut costs as it
battles a very challenging UK retail market.
Avid kite surfer and scuba diver, Zak Johnson, has launched a new line
of British-made luxury swimwear for men made from recycled ocean
plastic.
Allbirds’ rise is every startup’s dream. In just over three years, the
San Francisco-based footwear company sold over a million pairs of sneakers,
raised more than 77 million US dollars and is reportedly valued at 1.4
billion, according to a recent report by the Wall Street Journal. Its shoes
are worn by the likes of Barack Obama, Cindy Crawford, Mila Kunis and
Leonardo DiCaprio. In fact, DiCaprio is so excited about the company he
recently became one of its investors.
Kent State University, in collaboration with ourCusp, a community for
people of color in the fashion industry, hosted an event at its New York
City campus to support diversity, equity, and inclusion.
Homepage photo: Allbirds, Facebook
