Fashion, luxury and lifestyle news aggregator – June 2018
June brought a variety of interesting insight to the fashion world. E-tailers took a potential hit with a sales tax ruling in the US which may negatively impact them, but does it offer some redress for retailers with a bricks and mortar presence there? The House of Fraser CVA has been approved and projections of the reducing value of the fashion industry have brought some doom and gloom to the retail space. On a positive note, sustainability and ethics have been a key theme with consumers and MPs alike caring about the source and impact of fast fashion.
- The eighth consecutive period of flat or negative growth in the UK fashion market suggests that it could fall in value by £350 million over the next 12 months
Source: Retail Gazette - Chanel reveals its balance sheet for the first time in its 118 year history
Source: Retail Gazette - E-tailers’ share price dips after US Supreme Court rules on sales tax
Source: The Industry - House of Fraser CVA plan approved
Source: The Industry - The Governent launches an inquiry into the social and environmental impact of fast fashion
Source: The Industry - Universal sizing for clothes
Source: FashionUnited - App to rate fashion brands and their sustainability
Source: FashNerd