Could Demand Side Innovation Save An Imploding Industry?

The fashion industry has been imploding for a while now and, thanks to the drastic changes COVID has brought, the need for a change is greater than ever. Over inflated inventory and constant surplus issues, all of which have been a thorn in the side for years, are even more painful and in danger of threatening retail than before. 

In the recent New York Times article, Sweatpants Forever, Irina Aleksande takes a look at just how fashion has been further imploding under the added weight of the Coronavirus. Stuck on a precipice of change since the 2008 recession, the industry has struggled to truly find its footing in terms of producing what consumers really want

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Industry says not enough to move needle

Sitharaman on Monday announced an ‘LTC Cash Voucher Scheme’ which will be launched with applicability till March 31, 2021. Under the LTC scheme, central government employees get LTC in a block of four years — one travel to anywhere in India and one to hometown or two for hometown visits. Air or rail fare, as per pay scale or entitlement, is reimbursed and in addition leave encashment of 10 days (pay and dearness allowance) is paid.

In this case, the government will make full cash payment on leave encashment and payment of fare in three flat-rate slabs depending on class of entitlement, including making the fare payment tax free.

Here’s where the brokerages and industry sources disagree:

ICICI Securities said in a report that it is difficult to estimate how many people will avail this scheme. “The requirement to contribute money from one’s own pocket could prove to be a

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Adapting To Uncertainty In The Fashion Industry

Michaela Vybohova is the CEO of Michaela V Inc., a New York-based shoe company focused on creating comfortable yet stylish women’s footwear.

This has been a defining year for industries, companies and brands around the world. The coronavirus pandemic has ushered in new ways of doing business, as restrictions have rendered traditional models ineffective. The luxury fashion industry is no exception.

Prior to the pandemic, luxury brands were enjoying ongoing growth. In 2019, for example, one of the world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton, recorded revenue of 53.7 billion euros, which was up 15% compared to 2018, a press release from the brand said. In the current economic situation, I believe it’s possible that 2020 will not match those figures, especially as many customers have shifted their priorities to purchasing necessities and shopping more cost-consciously, according to an April report by Accenture.

The pandemic

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Fashion and textiles industry keen to go green despite COVID-19 pandemic

 New research shows business leaders at top fashion, retail and textile businesses are putting sustainability drive first, despite COVID-19 pandemic

The power of data in the effort to ‘go green’ is well recognized, but patchy performance suggests more access to better quality data needed to help turbocharge change

Despite Covid-19, fashion leaders are confident that fast, affordable and sustainable fashion is realistic, with crisis seen as opportunity to recharge sustainability efforts

New research reveals the extent of the global fashion industry’s commitment to sustainability, despite the COVID-19 pandemic, with sustainability ranked as the second most important strategic objective for businesses in the sector1.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005846/en/

(Graphic: Business Wire)

The new research, from the U.S. Cotton Trust Protocol and the Economist Intelligence Unit (EIU), is based on a survey of 150 leading executives from top fashion, retail and textile business

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COVID-19 Is Turning The Fashion Industry On Its Head

Copyright 2020 NPR. To see more, visit https://www.npr.org.

LULU GARCIA-NAVARRO, HOST:

Fashion is being transformed by the pandemic. NPR’s Eleanor Beardsley says the proof was on display at Paris Fashion Week.

(SOUNDBITE OF MUSIC)

ELEANOR BEARDSLEY, BYLINE: Models strutted not on a catwalk but along the Seine River in this virtual show from designer Ami. Not a buyer in sight – they’re all watching online. Viewing collections by appointment only was another way social interaction was kept to a minimum during Paris Fashion Week. Journalist Jessica Michault says the pandemic has prompted the industry to reexamine itself.

JESSICA MICHAULT: We’re talking about seasons. We’re talking about sales. We’re talking about cycles of fashion. Does it make sense to even be doing what we’re doing the way we’re doing it?

BEARDSLEY: Author and former model Dana Thomas says the world of fashion used to turn around four seasons in the four

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COVID-19 Is Turning The Fashion Industry On Its Head : NPR

The pandemic has major repercussions for the world of fashion. That could be a good thing because fast fashion can be ecologically devastating.



LULU GARCIA-NAVARRO, HOST:

Fashion is being transformed by the pandemic. NPR’s Eleanor Beardsley says the proof was on display at Paris Fashion Week.

(SOUNDBITE OF MUSIC)

ELEANOR BEARDSLEY, BYLINE: Models strutted not on a catwalk but along the Seine River in this virtual show from designer Ami. Not a buyer in sight – they’re all watching online. Viewing collections by appointment only was another way social interaction was kept to a minimum during Paris Fashion Week. Journalist Jessica Michault says the pandemic has prompted the industry to reexamine itself.

JESSICA MICHAULT: We’re talking about seasons. We’re talking about sales. We’re talking about cycles of fashion. Does it make sense to even be doing what we’re doing the way we’re doing it?

BEARDSLEY: Author and former model Dana

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How the wedding industry is struggling under strict coronavirus restrictions

By now, wedding season should be reaching a triumphant end, thousands of bouquets thrown and garters tossed, with vendors retreating with fatigue. This year, of course, it never really got started.



a person wearing a dress


© Provided by The Independent


Like most in the industry, Marianna Vaki, founder of London-based cake makers Whisk and Drizzle, began 2020 with a diary full of bookings but due to ongoing restrictions, she has been able to fulfil just 10 per cent of those orders, many of which had to be downsized. The rest of her brides have moved their weddings to next year, with some considering postponing again to 2022. If they do, she faces a second year with little-to-no income and the prospect that her business might not survive. “If weddings don’t resume next year, a lot of us won’t be here in 2022,” she says, adding that she is having to look for another job

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Shampoo police show ugly side of beauty industry

Hair braider Dara Collier knows her craft. She started practicing twists and weaves as a child, until she mastered each look.

Customers near Atlanta appreciate her advanced skills, but Georgia regulators will not let her do something more basic: shampooing.

Washing clients’ hair outside a state-approved salon without cosmetology credentials is illegal in Georgia. As a self-employed braider, Collier does not need an occupational license to run her business in Georgia.

But that also means she cannot legally cleanse hair — something she would like to do as an extra precaution during COVID-19.

Regulators do not care that shampoo is safe, sold over-the-counter and routinely used at home by children. “It does not make a lot of sense,” Collier says.

Other states impose even stricter licensing rules, treating shampoo like a controlled substance.

A 2017 Institute for Justice analysis showed that 37 jurisdictions specifically mandated licensure for shampoo assistants

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Animal Model Market Size 2020, Global Research Report, Industry Share, Growth Analysis, Competitive Landscape, Top Companies, Merger, Upcoming Trends

Animal Model Market Synopsis

As per the analysis by Market Research Future (MRFR), the global animal model market is estimated to acquire a market value of USD 3,632.48 million, registering a CAGR of 7.8% during the forecast period by 2027. Animal models are primarily used to test the effectiveness of a drug for a particular disease condition on animals, such as; mice, rats, guinea pigs, and others.

Increasing innovation of new medicines and progressing pre-clinical trials are projected to be important factors in boosting the global animal model market 2020. Demand of experimental animals as models in research is predicted to grow due to their genetic similarities with humans, which is likely to stimulate the market significantly. Further, the increasing application of animal testing in the research of cosmetic products, cleaning products, pharmaceutical products, and others are anticipated to augment the market.

Get customized Sample with complete Toc, Inclusive of

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Must Read: ‘V’ Releases 12 Vote-Themed Covers for Thought Leaders Issue, the Black Innovators Transforming the Beauty Industry

V127_COVER_TaylorSwift

These are the stories making headlines in fashion on Thursday.

V magazine releases 12 covers for its “Thought Leaders” issue
For its latest edition, V127, V magazine is sending a message to its audience. The “Thought Leaders” issue has 12 individual covers — starring Bella Hadid, Chris Evans, Halsey, Jaden Smith, Janaya Future Khan, Janelle Monáe, Jennifer Lawrence, Julianne Moore, Mariah Carey, Megan Rapinoe, Paperboy Prince and Taylor Swift — photographed by Inez and Vinoodh, with the publication’s signature “V” logo turned into a “vote” call-to-action. Inside, there’s a single story, in which 45 musicians, politicians, models and influential figures talk about activism, politics and culture. See all the covers below and at vmagazine.com. {Fashionista Inbox}

The Black innovators making the beauty industry more inclusive
In Harper’s Bazaar, Crystal Martin brings attention to the Black innovators — the doctors, the scientists and the

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