Articles by Don-Alvin Adegeest
Nike launches global maternity programme
10 hours ago - Fashion
Nike is launching a global maternity training programme focusing on exercise for every stage of pregnancy. Nike said it aims to invite more pregnant and postpartum people back into sport. Nike entered the maternity market in 2020, with a collection called Nike (M). “Nike is listening to and learning from a much broader range of athletes, at all...
John Lewis CEO says over 50s quitting jobs could fuel inflation
12 hours ago - Retail
As the retail sector continues to suffer from a difficult labour market, John Lewis CEO Dame Sharon White said a new government must think "really hard" about getting older people back into work. Dame White told the BBC that the record number of job vacancies is unlike any time she has seen in her career. According to the BBC the UK has seen one...
Stella McCartney and Collaborative Fund launch 200m dollar sustainable investment
12 hours ago - Business
Stella McCartney has teamed up with Collaborative Fund to invest and support entrepreneurs building a more sustainable future. Called the SOS fund, an initial 200 million dollars will be invested in climate solutions and founders for better business. McCartney said she has been a part of SOS since “day 1 and we have already invewted in...
Instagram, after a backlash, pauses changes to its algorithm
8 Aug 2022 - Fashion
The cute little square photo app that made Instagram a classic amongst the social media platforms no longer exists. Instagram’s best loved feature has morphed into one giant video reel with an algorithm bent on showing newness to users. Feeds are no longer dominated with content from followed users, but from third parties and other users, that...
One of Boohoo's top investors halves its stake
8 Aug 2022 - Business
Boohoo’s share price has fallen over 75 percent in the past year. In a latest blow, one of its biggest shareholders reduced its stake by 50 percent. T. Rowe Price International, an investment management company, took a 10 per cent stake in Boohoo last September. In less than one year the company offloaded its stake to just under 5 percent. T....
Next to raise prices in Q3, despite raising its outlook
7 Aug 2022 - Retail
Next saw stronger than expected sales in 2022, raising its outlook for the year to 860 million pounds, an increase of 4,5 percent over 2021 and 10 million pounds over previous forecasts. Despite the stellar revenue, the company said it will also raise prices from Q3 by approximately 8 percent. Even as a shrinking high street gives Next a...
Will a new open-source marketplace revolutionise direct to consumer platforms?
5 Aug 2022 - Business
Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...
LVMH and Elle launch second Prix des Artisanes
5 Aug 2022 - Culture
LVMH and Elle have partnered on the second edition of Prix des Artisanes, a competition and prize that promotes the savoir-faire of craftswomen in applied arts. Now in its second year, the prize is held in association with the Institut National des Métiers d’Art and the Artisans d’Avenir network. In a statement LVMH said it supports lesser known...
Does America have an inventory problem?
4 Aug 2022 - Retail
America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...
Gucci first luxury brand to accept ApeCoin cryptocurrency in store
4 Aug 2022 - Business
Gucci is the first luxury house to accept ApeCoin (APE) cryptocurrency in its US stores. The Kering-owned maison was quick to adopt digital currencies and will now offer shoppers the possibility to make in-store purchases using ApeCoin through BitPay, the world’s largest provider of online payment services. Gucci has been trialing a roll-out of...