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After 20 Years in Business, Zac Posen Shutters Eponymous Label
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After 20 Years in Business, Zac Posen Shutters Eponymous Label

Zac Posen is shuttering his label, the brand confirmed on Friday. An announcement from the label’s owners, House of Z and Z Spoke that came on Friday evening revealed that the company – which had been in midst of a sale process since this spring with Yucaipa Cos., with the Ron Burkle-led investment firm that...

Anteprima in SoHo
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Anteprima in SoHo

There’s more to Italian fashion than Dolce, Dolce, and Dolce; so this Fall, New York is home to Anteprima, the second installment of an Italian experiential fashion pop-up. Eight emerging Italian brands will present Fall/Winter collections in a space celebrating art, cuisine, and design. Of course this unique shopping and gallery experience will be in...

Study Shows Shoppers Reject Offers Made Under Time Pressure
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Study Shows Shoppers Reject Offers Made Under Time Pressure

Giving consumers short time limits on offers means they are less likely to take them up, according to new research. Making time-limited offers is a common retail pricing strategy. Examples include the doorstep seller who claims that they are currently ‘in the area’ but will not be returning; the telephone seller who makes a ‘special...

Hermès Brought in .63 Billion in Sales for the First Half of the Year
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Hermès Brought in $3.63 Billion in Sales for the First Half of the Year

Hermès’ revenues are on the rise again. The Paris-based luxury brand revealed this week that for the first half of the year, revenues were up 15 percent from the same 6-month period last year to $3.63 billion, while net profit (i.e., dollars earned after subtracting operating expenses, interest, taxes and preferred stock dividends) rose to...

The Evolution of Walmart and its Quest to Become an e-commerce Powerhouse
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The Evolution of Walmart and its Quest to Become an e-commerce Powerhouse

For decades, Walmart solidly held the reins as the largest retailer in the world. The Bentonville, Arkansas-based multinational retail corporation’s competition trailed far behind and it could afford to focus almost exclusively on its roots as a big-box retail chain, selling low-priced staples, such as laundry detergent, paper towels, bottled water, groceries, and even apparel...

Gucci Says It Will Be Completely Carbon Neutral by the End of September
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Gucci Says It Will Be Completely Carbon Neutral by the End of September

Gucci is going carbon neutral. The Kering-owned brand announced on Thursday that it is upping the ante in its existing decade-long sustainability plan, and confirmed that it will be completely carbon neutral by the end of September. “A new era of corporate accountability is upon us and we need to be diligent in taking all steps...

Fashion Brands’ Business Practices Undermining Progress on Ending Garment Worker Exploitation
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Fashion Brands’ Business Practices Undermining Progress on Ending Garment Worker Exploitation

Top fashion companies that are pledging to end worker exploitation in their global supply chains are hampering progress through their own irresponsible sourcing practices, concludes a new report on working conditions in the Southern Indian garment industry powerhouse. Short production windows, cost pressures and constant fluctuations in orders by brands and retail chains like Nike,...