Five Fashion News You Need To Know

Screen Shot 2018-12-17 at 12.12.37 AM
John McPheters & Jed Stiller | Source: Courtesy
London, UK - Farfetch announced on Wednesday that it will acquire sportswear and streetwear retail platform sports supplies, the first major move since Farfetch went public in September this year, which is valued at $250 million for sporting goods. The London-based fashion e-commerce platform is designed to expand its influence in the growing fashion sneakers and streetwear market, as millennials account for a growing share of luxury sales, while competitors Digital robbing is also constantly being carried out.
Screen Shot 2018-12-17 at 12.20.38 AM
Denni Hu

Shanghai, China – There is no doubt that sneakers are the core of trendy culture, and Yoho!, which started with trend media, has joined the lively sneaker secondary market. At present, the Yoho! media platform and the 20 million registered users who have the goods can reverse the UFO, and for the goods, the UFO can also improve the activity of the old users, increase the number of new users who love the shoes, and ultimately improve the conversion rate. And the role of the repurchase rate. The secondary market is likely to be the future of the trend e-commerce.
Screen Shot 2018-12-17 at 12.24.13 AM
Marc Jacobs ‘Redux Grunge’ collection | source: Juergen Teller
Google announces new data — According to Google's data, the 1980s, 1990s, and 00s officially became the most popular period in the fashion industry. In the company's annual hot search rankings, Google counts the biggest increase in annual search volume. The top four fashion searches are: fashion in the 1980s, fashion in the 1990s and fashion in the 21st century.
Screen Shot 2018-12-17 at 12.27.53 AM
Gildas Loaëc,Yuni Ahn and Masaya Kuroki | photo credit to:Kevin Buitrago
Paris - Founded in 2002 by Gildas Loaëc and Masaya Kuroki, Maison Kitsuné brings inspiration to the unique Art de Vivre lifestyle, combining the Maison Kitsuné, the Kitsuné Musique and the Café Kitsuné. Today, Maison Kitsuné's annual turnover has reached 40 million euros, 90% of which comes from the fashion business. The fashion brand's product portfolio includes the quarterly series (Maison Kitsuné), the Parisian wardrobe style of the timeless classic series (Maison Kitsuné Parisien) and the third - the men's and women's gender-free art design series (ACIDE Maison Kitsuné). Yuni Ahn will present her first collection at Maison Kitsuné on January 18, 2019, and mark the first live release of the brand during the Paris Fashion Week
Screen Shot 2018-12-17 at 12.31.36 AM
zara store /source: Shutterstock
Zara's owner, Inditex, reported third-quarter profit below analysts' expectations on Wednesday, due to exchange rate factors, but the world's largest apparel retailer maintained sales and profitability guidance for the rest of the year.

Business damage

Inditex also owns the high-end brand Massimo Dutti and the youth brand Bershka, which reported a profit before interest and taxes of $3.07 billion ($3.5 billion), an increase of 3% year-on-year. The company said that if calculated at a constant exchange rate, the growth rate will reach 14%. In the first transaction, its share price fell by 4.5%.

Or affected by exchange rate changes

Inditex, which has stores from China to Russia, is highly sensitive to exchange rates. The group is controlled by founder Amancio Ortega, with more than half of the sales coming from currencies other than the euro and then counting these sales into euros when the results are announced.

Leave a comment