Daily Links

1. ‘Angels’ in Hell: The Culture of Misogyny Inside Victoria’s Secret. A Times investigation found widespread bullying and harassment of employees and models for decades by one of the top executives at L Brands, the parent company of Victoria’s Secret, who “tried to kiss models, asked them to sit on his lap,  touched one’s crotch ahead of the 2018 Victoria’s Secret fashion show.” – Read More on the New York Times 

2. Brexit is here. What’s next for fashion? The fashion sector in the UK, built on duty-free access to the EU, is facing the risk of export tariffs into its biggest trading partner from 2021 onward. – Read More on Vogue Biz 

3. Moda Operandi, an online marketplace for high-end fashion, raises $100M led by NEA and Apax: Moda Operandi, an online marketplace that specializes in right-off-the-runway luxury fashion, accessories and home decor, is today announcing a high-priced event of its own: it’s raised $100 million. – Read More on TechCrunch 

4. Nike prototype Vaporfly shoe banned but current version going to Olympics: Nike Vaporfly shoes used to run the world’s first sub-two hour marathon will be banned from professional sport under a landmark decision on Friday that also allows currently sold versions of the high-tech shoes to be used in the Olympics. – Read More on Reuters

5. RETRO READ: Nike’s Move in the “Race for a Breakthrough Foam?” The Vaporfly 4%, a Sneaker that Makes Athletes Run “Too Fast.” – Read More on TFL

6. Underground Designers Thriving in Iran’s Fashion Market: In the past ten years or so, with the advent of social media that allowed underground designers to showcase their creations and share them with others, underground fashion has experienced a boom. – Read More on Radio Farda 

7. Luxury Brands Fear Sales Hit as Chinese Shoppers Stay Home: The industry’s most important clientele, Chinese consumers are quarantining themselves at home and canceling trips abroad, where they often splurge on Louis Vuitton, Gucci, Cartier and other high-end brands. In Paris, luxury boutique staff are reporting a sharp drop in Chinese shoppers. 

1. Will We Buy Mostly Vintage Clothes in the Future? The already thriving resale market is expected to more than double, from $24 billion in 2018 to $51 billion by 2023. “When I started nine years ago, people didn’t want you to know they had bought resale. That stigma is completely gone. People buy to resell afterward.” – Read More on the WSJ 

2. H&M delivers first annual profit rise since 2015: Big investments in logistics, digital technology, new store concepts and independent brands to meet changing shopping habits and tougher competition have “contributed to continued positive sales development with more full-price sales, lower markdowns and increased market share.” – Read More on CNBC 

3. Fast Fashion Isn’t Dead Yet — And Could Find Retail Rebirth: Fast fashion is certainly not dead yet, even if reports of it dying are easy to find. In 2018 alone fast fashion as a segment of the apparel industry brought in over $35 billion. – Read More on PYMNTS

4. RETRO READ: The rise and success of entities like Boohoo is significant as it shows that despite increased attention to the social and environmental hazards that come with the fast fashion model and a rise in cause-conscious consumers, sluggish growth by the former fast fashion pioneers – from Forever 21 and H&M to Topshop and Primark – is not representative of a movement away from fast fashion altogether. – Read More on TFL 

5. Fashion’s dirty microplastics secret: No one knows exactly how much microplastic pollution comes from fashion, but the $167 billion athleisure category and polyester-fueled fast fashion are some key contributors. – Read More on Vogue Biz 

6. Forever 21 Proposes Auction to Keep Fashion Chain in Business: Bankrupt retailer Forever 21 asked a bankruptcy court to approve plans to sell “substantially all” of its assets to a buyer who might keep the chain in business. Authentic Brands Group  and Simon Property Group were mulling a plan to acquire the retail chain, but that there was no guarantee the various sides would agree on terms. – Read More on Bloomberg

1. Victoria’s Secret Needs a Different Kind of Angel: The tired lingerie chain is weighing down its parent and badly needs a revamp. Victoria’s Secret accounted for nearly half of L Brands’ $13.24 billion revenue in 2019. But analysts say that profitability is close to zero. – Read More on Bloomberg

2. Christian Siriano has garnered quite the reputation for his willingness to be inclusive with his line. The designer says size inclusivity in fashion is “not that hard, a lot of brands just don’t want to do it.” – Read More on Yahoo 

3. Old clothes, new customers: Nordstrom becomes latest big retailer to sell secondhand items. Starting Friday, racks of secondhand clothing will find a home in the company’s Manhattan store. Nordstrom will also begin allowing customers to drop off used clothing, handbags, shoes, jewelry and watches there in exchange for gift cards. Those items will be cleaned and repaired as necessary before being resold. Nordstrom said it will soon begin accepting merchandise by mail as well. – Read More on the Washington Post

4. RETRO READ: The Most Exciting Segment in Fashion Right Now is the Resale Market. Thredup, projects that the total resale retail market will reach $41 billion in revenue by 2022 and $64 billion by 2028 – that is more than the sales in the fast fashion segment of the market. – Read More on TFL 

5. Big spenders: Africa’s luxury goods market. Africa’s robust economic growth and booming population have given rise to an ever-expanding affluent class that underpins the growing demand for luxury goods. And it is only expected to grow, as Africa is currently the world’s second-fastest growing region for the consumption of luxury goods, trailing only the Middle East. – Read More on ABM

1. In the online shopping era bricks-and-mortar beauty stores aren’t going down without a fight: The art of the retail experience isn’t dead – in fact, it’s becoming a way to stand out. “There are many facets to buying beauty that can’t be replicated online.” – Read More on SCMP 

2. Amazon is Readying Major Disruption for the Fashion Industry: As the e-commerce giant reportedly readies a luxury platform, apparel and footwear have already topped the list of the most purchased product category on Amazon, rising from fourth place in 2017 when it trailed books, beauty and electronics. – Read More on Forbes 

3. Louis Vuitton’s Dip Doesn’t Herald End of Luxury Boom, but the bumps aren’t over: The emergence of a deadly coronavirus in China is likely to be another temporary blow to designer brands. At the time of the 2003 SARS outbreak, Chinese consumers were buying less than 10% of all luxury goods sold world-wide. Most brands have more than tripled their exposure to China’s wealthy shoppers (who now buy one-third of all such goods globally) since then. – Read More on WSJ 

4. Can Harry and Meghan Make Canada an International Style Destination? Experts predict the move to Canada by Prince Harry and his wife Meghan Markle could serve as a major boost to Canada’s $23.3 billion fashion industry, as it could shine a spotlight on local brands that often miss international exposure. – Read More on PYMNTS 

5. Revolve is the Future of Fashion Retail: From its profitable “fashion technology” business, which sees it partnering with a network of influencers and celebrities to sell apparel to its excellent profit margins due to its premium branding and efficient sourcing processes. – Read More on Seeking AlphaShare

1. Coronavirus exposes luxury goods to how important China is: The deadly virus and its impact on sales is an unwanted reminder of just how dependent luxury goods brands are on Chinese consumers. – Read More on Business Day 

2. In the DTC era, Target is gunning to be the swimwear leader: According to the retailer and The NPD Group, Target has been the No. 1 men’s and women’s swimwear retailer in the U.S., based on sales, above both mass and specialty retailers, since 2015. The company does not break out swim sales, but it shared in its 2018 annual report that apparel and accessories accounted for 20% of the companies $74.4 billion in sales for the year. – Read More on Glossy

3. Cannabis brands look to fashion PR for luxury treatment: Cannabis companies are hiring luxury fashion veterans and communications firms as they look to market themselves in an attractive way to a desirable audience given that growing industry for legal marijuana in the U.S., which is expected to be worth $29.7 billion by 2025, up from $13.6 billion in 2019. – Read More on Vogue Business

4. The Magical Thinking of “the Goop Lab.” Lowbrow TV with high production values is the most unsettling kind of sponcon—the soulful kind. A disclaimer prefacing each episode reads, “The following series is designed to entertain and inform—not provide medical advice.” – Read More on the New Yorker

5. Fashion has a misinformation problem. That’s bad for the environment: Questionable facts plague the conversation around sustainability and fashion, and that makes the industry harder to regulate. – Read More on Vox