Despite the good intentions of both companies and consumers, the luxury industry is struggling to adopt truly sustainable practices, except via the circular economy, as illustrated by the Pambianco Summit debate.
Luxury department store Harrods is riding high despite a profits slip as its sales continue to rise. But its boss Michael Ward has warned that a possible Jeremy Corbyn-led government could dent turnover.
According to a study conducted by OpenX, this holiday shopping season will be the first in which online spending will outweigh purchases made in store, a shift driven by millennials and mobile shopping.
The market has evolved greatly in recent years, transforming the design process and the way fashion start-ups are created. FashionNetwork.com looks at the advantages emerging designers have, and the hurdles they face.
According to the latest report from luxury consignment platform TheRealReal, Gucci currently leads the pack when it comes to resale, while streetwear has kept its cool and logomania is conquering new categories.
According to a new study from the NRF and GfK, 66% of US millennials are more loyal to brands that let them give input, but with concerns about sharing personal data mounting, personalization is far from the easy option.