;
Image: Boohoo
Share

1. Boohoo boss: We’re not a throwaway fashion brand. “20% of all our ranges will be sustainable this autumn… 40% next spring/summer,” said John Lyttle, who further revealed that the company’s “data doesn’t suggest people are buying every day or buying once and wearing something new.” – Read More on BBC

2. Fashion resale startups have more potential than profits: For startups to operate at a loss is common. Many do while they sink money into building their operations and chasing growth. And in fashion resale, the opportunity to grow is plentiful. ThredUp, for one, predicts the secondhand market will more than double by 2025, reaching $77 billion. – Read More on Quartz

3. How Do You Stop Beijing from Bullying? Take Away Its Prada Bags: The luxury brands could work with their home governments to announce a temporary boycott of China. These companies have long wanted to address pervasive Chinese intellectual theft. – Read More on the WSJ

4. Canada Goose sticks to forecast after strong quarter, shares slump: New COVID restrictions have not had an impact on the company’s business in China yet, Canada Goose Chief Executive Officer Dani Reiss said, adding that the company was prepared for “whatever’s ahead.” – Read More on Reuters

5. Louis Vuitton, Chanel, Hermès have raised prices, Victoria Beckham is lowering them – the power of pricing and how luxury fashion is adapting to a disrupted world. In a move she described as a “rebirth” and an opportunity to “future proof” her namesake brand, the average price of Victoria Beckham pieces will drop by around 40 per cent. That will be achieved by creating simpler silhouettes and using less embellished fabrics, as well as merging her diffusion line with the main one. – Read More on SCMP