Can Versace Take Michael Kors Where It Wants to Go?

Can Versace Take Michael Kors Where It Wants to Go?

Michael Kors is said to be negotiating to buy Versace for an estimated $2.4 billion. Versace has sales of around $800 million. Kors had $4.7 billion in sales in the year ended in March. While the Versace acquistion will help to boost top line sales, will make enough of a contribution to the bottom line?
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Shipping Fast, Shopping Slow

Shipping Fast, Shopping Slow

In an age when everything seems to be getting faster, shopping is actually getting slower. What’s reducing its pace? The surprising answer is e-commerce. Touted by every ‘expert’ as driving instant purchases – consumers alledgedly having Amazon and others on the digital equivalent of speed dial – and with the advent of one-day, even same day, delivery – we might be led to believe that we really are living in a see it-want it-buy it world. A...
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5 Things We've Learned About E-commerce That No One Anticipated

5 Things We've Learned About E-commerce That No One Anticipated

Online shopping continues to grow, now expanding quickly into developing nations.  However fast growth has made this a fiercely competitive retail channel. Here are some of the top ‘pain points’ for brands and retailers. There is an unbreakable consolidation of ‘power’.  In each major market, one or two platforms dominate with market share that even the biggest offline retailers wouldn’t dare to dream of. Survival of the Cheapest.  Ther...
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Bangladesh:  6 Things No One's Talking About

Bangladesh: 6 Things No One's Talking About

1.  67 of Bangladesh’s garment factories have achieved LEED certification. Of them, 17 are platinum rated and 37 gold rated. A further 280 factories are under process for LEED certification.  2. Partnership for Cleaner Textile (PaCT), the world's largest apparel resource efficiency program (backed by the World Bank) is based in Bangladesh.  The organization aims at environmental sustainability of the textile wet processing sector by reducing water, energy and chemic...
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Have We Gotten Too Fast To Be Fashionable?

Have We Gotten Too Fast To Be Fashionable?

For Laurent Garigue Partnership, the demand for designers to create more frequent collections has  helped to drive sales.  “The pressure to do more collections has led designers to rely on more unique fabrics to give each collection uniqueness,” said Laurent Garigue, owner of a UK-based mill that specializes in high-end textiles.   "Using the fabric to define the garment takes some of the pressure off the design team." Still, even exclusive material...
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Currency Chaos!

Currency Chaos!

Trump’s trade war tariffs have helped to send global currencies on a downward spiral.  Turkey’s lira fell over 16% on Friday, when in addition to mounting economic concerns, US President Donald Trump threatened to put tariffs on the nation’s aluminum and steel exports. China’s yuan has depreciated by about 8% against the dollar since March, falling to 6.7751 per dollar last Friday. Impact on Buyers:  If the yuan remains at this low point, buyers c...
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Opportunities - and Obstacles Implementing AI

Opportunities - and Obstacles Implementing AI

Can machine learning replace the personal touch of real sales assistants? Retailers are hoping it can. Pricing, promotion, and search top the list of where brands are implementing artificial intelligence (AI) across retail channels.  On average, just over one-third of brand leaders have adopted any AI use, with more popular applications in tailored pricing and promotions and relevant search results, said a recent survey from Deloitte.  Brands are also investing in people that...
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How Alibaba is Leveling the Online Playing Field

How Alibaba is Leveling the Online Playing Field

Alibaba is making it possible for small sellers in developing nations to become e-commerce players. The global e-commerce platform is letting buyers and sellers in developing nations trade with consumers around the world.Established as an economic and security trade agreement, the Shanghai Cooperation Organization (SCO) is proving to be an important conduit for trade between China and SCO member nations.Thanks to China’s powerful and far reaching e-commerce platforms, hundreds of thou...
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Tree-free Cellulose the Next Step in Sustainable Materials

Tree-free Cellulose the Next Step in Sustainable Materials

Low water, no pesticides, low land, no chemicals – a new technology offers a greener alternative to a more sustainable supply chain. One of the biggest challenges in creating a truly sustainable supply chain is to be able to source sustainable raw materials. There are a growing number of research scientists tackling this problem, because not only must the materials be sustainable, they also must be affordable. One company that’s showing some very impressive results is ...
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Tree-free Cellulose Could Boost Textile Sustainability

Tree-free Cellulose Could Boost Textile Sustainability

Low water, no pesticides, low land, no chemicals – a new technology offers a greener alternative to a more sustainable supply chain. One of the biggest challenges in creating a truly sustainable supply chain is to be able to source sustainable raw materials. There are a growing number of research scientists tackling this problem, because not only must the materials be sustainable, they also must be affordable. One company that’s showing some very impressive results is ...
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