H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes

In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion …

“Since the initial announcement made in February, Arab Fashion Week Riyadh has garnered significant interest from international guests wanting to attend,” said Layla Issa Abuzaid, the country director for Saudi Arabia at the Arab Fashion Council, the Dubai nonprofit responsible for the event. “Given this …

SOMETIMES fashion’s mood can be distilled into one picture. After a month of runway shows proposing trends both subtle and decidedly unsubtle, that picture was a snapshot of two chic potted trees at the base of a spiral staircase in Céline’s Paris headquarters. It was posted mournfully across the …

So on Wednesday in the fashion world stumbled, only to discover what looked like the landing pad for a giant intergalactic spaceship at the end of the ramps that once led the animals into the stables. Now, they were a runway, down which came a parade of Starship Troopers in vestiges of the outfits of the …

The company didn’t comment on the uproar and declined to comment for this article. Many fashion and beauty companies have built their brands on sexualized images and depictions of beauty unattainable for average women. The #MeToo movement and the rise of socially conscious millennials who …

NEW YORK, United States — Since “The Rise of the Fashion Hipster,” there’s been a slew of articles identifying irony as the key aesthetic driver of contemporary fashion. Certainly, irony is at the heart of the work of designers like Jeremy Scott at Moschino, Demna Gvasalia at Vetements and Balenciaga and …

From Ralph Lauren to Calvin Klein, America’s biggest fashion labels are pinning their hopes on a blue jean revival. Across the industry, fashion brands are renewing their focus on denim, betting the wardrobe staple can be a major sales driver as jeans battle stretchy pants for supremacy from the waist …

But he said he would cut back on his other activities, including moonlighting as a D.J. He will show his first collection for Louis Vuitton during Paris Men’s Fashion Week in June. By Elizabeth Paton and Vanessa Friedman. This article originally appeared in The New York Times and was legally licensed …

SAN FRANCISCO, United States — Tom Ford, Burberry, Gucci and Chanel were the most buzzed about fashion shows on Instagram during New York, London, Milan and Paris Fashion Weeks respectively, according to new data released by the photo and video sharing app — based on the total global …

U.K.-based online fashion retailer Asos is collaborating with Tel Aviv-based virtual fitting room startup Zeekit Online Shopping Ltd., Zeekit confirmed last week. As part of the collaboration, Zeekit’s technology was integrated into a new feature released mid-march in Asos’ clothing app. The feature simulates …

Fashion labels derive some of their highest margins from leather goods like handbags and wallets. Vuitton makes the majority of these items in its home market, echoing rival Hermes, which trades off its “Made in France” appeal and is also due to open several new workshops by 2020. By early 2019 Vuitton …

From the bohemian Shimokitazawa district to the more traditional Asakusa area, the wild and eclectic creativity of Japanese consumers has wielded enormous influence on fashion here and beyond, spawning a plethora of websites and social media accounts with street style snapshots of Tokyoites dressed …

From inspiring James Scully’s Model Safety Charter with Kering and LVMH, to spotlighting Sinead Burke’s advocacy for adaptive design, VOICES, in partnership with QIC Global Real Estate, continues to provide a powerful platform for some of the most important issues facing the global fashion industry.

Virgil Abloh’s appointment at Louis Vuitton is the biggest signal yet that luxury brands are tapping the cultural energy and business model of streetwear to stay relevant. Virgil Abloh | Photo: Christian Anwander. 61 Shares. Comment. BoF Professional Exclusive. By BoF Team March 30, 2018 15:38. Save.

Claim to Fame Ms. Katebi is the brains behind the politically charged fashion blog Joojoo Azad, in which she describes herself as a “sarcastic (and angry) Muslim-Iranian creative and community organizer.” The site frequently casts a spotlight on reductive media representations of hijab-wearing Muslim …

COPENHAGEN, Denmark — In the lead up to this year’s Copenhagen Fashion Summit, the Global Fashion Agenda (GFA) — the non-profit sustainability forum that hosts the event — has debuted a new report detailing the seven sustainability priorities that should be top of mind for fashion executives today.

But are they really worried the fashion industry could get caught in the crossfire? “Trump’s actions, and any reactions coming from Turkey or any other production country, are not in sync with the times we’re living in,” says Marco Lucietti, a member of several advisory boards in the Turkish apparel industry, …

Tisci, who left Givenchy in February 2017, would seem to be an explosive choice for Burberry, a brand that has been transformed from a languishing heritage name, mired in unloved duty-free outlets and a worn-out check, into one of fashion’s big success stories. While Burberry — first under American …

PARIS, France — The city of lights has been fashion’s undisputed capital since the reign of Louis XVI, when Marie Antoinette’s dressmaker Rose Bertin and her contemporaries added to the splendour of the court of Versailles with their crinoline confections and vertiginous head pieces. The heritage of those …

To introduce order, Ms. Fleit and Ms. Shearer recommend you group clothes by type and then subdivide by color, a strategy New York City fashion designer Nili Lotan shares. “Everyone who sees [my closet] laughs because it’s all one side black, one side white, and on the top all army green,” Ms. Lotan …

He was in the vanguard of British fashion in the early days, along with headlining names that are well known these days in the fashion field, such as make-up mogul Pat McGrath, fellow designer John Galliano, and fashion stylist Katy England. When he committed suicide in 2010, the world lamented the …

The sixth edition of the Fashion Week in Sofia starts on March 27 and will show over 36 fashionable brands for four nights. Fashion fans will see the … For the forthcoming edition of Sofia Fashion Week will arrive the most famous Romanian bloggers Alina and Diana or Fabulous Muses. The first evening …

AM: American consumers pay lip service to the idea that fast-fashion purchases fall apart after a wash or two (and then head back to H&M for more). For emerging-market consumers, fast fashion’s lack of durability drives purchasing decisions. Apparel manufacturers could potentially accelerate the opening …

The likelihood of Van Assche’s departure and the appointment of Jones was first reported in BoF earlier this month. The move comes soon after Beccari’s arrival, which follows the departure of long-time Dior chief Sidney Toledano, who moved into the role of LVMH Fashion Group chairman as part of a wider …

One of the buzziest jobs in the fashion industry is also one of the least glamorous. The title is sustainability director or chief sustainability officer—a relatively new role more likely to be held by a policy wonk than a follower of runway trends. “I like fashion but I am not a fashionista,” said Marie-Claire Daveu, …

PARIS, France — Kering is selling its 50-percent stake in fashion label Stella McCartney back to the namesake designer after a 17-year partnership, confirming previous reports by BoF. The news follows a report by BoF on February 23 revealing that a formal transition process was already in motion and an …

Responsible fashion and apparel as a concept is quite simple: It takes a “do no harm” approach to clothing. Across every aspect of a product’s life, it asks that neither people nor planet be compromised. But responsible fashion is about more than production. It’s also about how an article of clothing is …

… ShowStudio Fashion Film Awards later this year, listen to Knight talk about the power of technology and the future of the fashion show, discuss the fate of glossy fashion magazines and address fashion’s culture of abuse and bullying. Subscribe to BoF Professional for unlimited access to BoF articles, plus …

The timing couldn’t be better: Australia is in the midst of a sustainable fashionmoment, with fashion brands, retailers and media platforms waking up to opportunities within the sector. The $28 billion industry is keen to establish itself as a powerful voice in the global sustainability conversation. Camille Reed …

For the fashion industry, we get the risk mitigation that comes from understanding your supply chain, and you can protect your brand by being able to show with a degree of certainty how your goods were produced. In a one-off experiment, designer Martine Jarlgaard presented garments made from organic …