Home Blog Page 2

Local multi-million dollar clothing industry is dormant


China dominates the export market

Although the Ghanaian garment industry is seen as a major path to industrialization, the Ghana Export Promotion Authority (GEPA) said that low-cost, high-volume competing garment exports from China and other Asian countries in the world market continually exceed Ghana’s exports.

The outlook for the sector is linked to the relative speed with which it can be set up and the significant impact on job creation, particularly in industrial settings.

Despite the many opportunities available to industry in Ghana – including unexplored niches in the global market such as the original Woven Kente, the market potentials of the diaspora; proximity to global clothing markets – Europe and America; and the existence of bilateral and regional trade agreements such as the Africa Growth and Opportunities Act (AGOA) and the African Continental Free Trade Area (AfCFTA), inadequate promotion of Ghanaian textiles and Afrocentric fashion in the traditional clothing channels abroad remains a scourge of the sector.

Currently, the industry employs over 6,000 Ghanaians and exports over US $ 30 million on average per year. The sector’s export revenue in 2020, according to GEPA, was US $ 43 million, compared to US $ 137.4 billion in clothing and accessories that China alone exported to the market last year. American.

But GEPA, in its 10-year national export development strategy for the non-traditional export sector, says its export earnings for 2021 are expected to reach $ 52 million by December.

The authority indicates that it is currently reviewing the financial situation of existing clothing companies in order to roll out a financing program to meet the financing needs of the industry.

GEPA said it will also provide strong capacity building and financial support to upgrade the members of the Ghana Garment Manufacturers Association to become a self-sustaining national industry. There are approximately 14 local garment manufacturers who export primarily to the United States under AGOA.

In a divergent way, Afrocentric products and clothing – which fall under the products of the creative arts industry, do not seem to have been highly prioritized by the Ministry of Tourism, Arts and Culture (MoTAC) in recent years, and even currently.

Although Ghana has the potential for a vibrant and thriving creative arts industry – from music, fashion, theater to architecture, visual arts and design – the focus is still on developing talent. in the music industry to the detriment of other niches.

However, GEPA believes that a concerted effort and strategic partnerships with key industry players and institutions would greatly increase the prospects for the sector. Thus, the authority seeks to promote and support investments, including FDI in industry, with the production of accessories and intermediate products such as zippers, yarn, cotton and synthetic fabrics in the framework of key policy interventions to further increase export trade revenues.

PATRÓN partners with designer John Geiger to launch streetwear collection celebrating tequila and Mexican art


Take your love of tequila to the next level with PATRÓN’s latest collaboration with acclaimed designer John Geiger. Just in time for National Tequila Day, a limited edition streetwear collection inspired by Mexican street art history is launched.

The PATRÓN x John Geiger streetwear collection is inspired by the work of Mexican street artist SENKOE, who designed the tequila brand’s limited edition 2021 Mexican Heritage Tin. The PATRÓN 2021 Mexican Heritage Box is covered with a unique design that depicts the Tree of Life intertwined with vivid images of the creation of the universe.

Senkoe’s work draws inspiration from many things, especially pre-Hispanic art and the dream world. Other inspirations come from botanical illustration, literature, comics, cartoons, nature and the sea. During his career he has so far collaborated with brands like Converse, Illegal Squad and with TV channels like Exa TV and HBO.

According to Gallery 19, “Senkoe’s work is a continuous reference to the identity discourse present in the use and reinterpretation of pre-Hispanic aesthetics, the use of textiles and artisan references in imaginary, mystical and typical pre-Columbian cultures, mixed with current references such as pop culture, graphics and illustration.

That said, the collection and overall collaboration epitomizes the intersection between streetwear and street art while also showcasing the mastery of creating a work of art, a fashion collection, and a handcrafted tequila. .

“Over the past five years, PATRÓN has released a limited edition Mexican heritage box that visually shares Mexican history, traditions and culture through lively designs created by local Mexican artists. With this year’s theme showcasing Mexican street art, we collaborated with fashion designer John Geiger to showcase the parallels between street art and streetwear from SENKOE. said Chloe Lloyd-Jones, Vice President of PATRÓN Tequila in North America, PATRON Tequila.

“The Mexican Heritage Box allows us to pay homage to our home and our Mexican roots while celebrating the craftsmanship and attention to detail required to develop our tequilas. We are delighted to collaborate with two extremely talented designers who share the same level of commitment and passion for their craft.

The collection includes a long-sleeved shirt with an image of a Jimador farmer harvesting the Blue Weber agave from which tequila is made and collectible socks, all incorporating the bold color accents of John’s signature. The PATRÓN x John Geiger streetwear collection will be available for purchase starting July 24 at JohnGeigerCo.com. Available in limited quantities, socks retail for $ 30 and long-sleeved shirts for $ 85.

“In designing the PATRÓN x John Geiger streetwear collection, I took inspiration from the rich and colorful history of Mexican street art in the design of SENKOE for the Mexican heritage box and the PATRÓN handcrafted heritage. Over the years, I have admired SENKOE’s work and how passionate he is about where he comes from, using his murals to reclaim and beautify public spaces. John Geiger said.

“I wanted this collection to represent the dedication that goes into craftsmanship – whether it’s a bottle of PATRÓN tequila or a one-of-a-kind mural. There is so much dedication and character behind Mexican culture, and as a local artist it is inspiring to see SENKOE convey it through his work. With streetwear, it’s important to bring all aspects of cultural influences together and the PATRÓN x John Geiger collection reflects this by paying homage to the hard-working people who create PATRÓN tequila from start to finish.

Source link

This Bengaluru-based startup aims to be “the Amazon of circular fashion”


The passion of American engineers Ashri Jaiswal and Varun Ramani for fashion and the circular economy brought them back to India to launch seZiniosasein 2018 to make luxury fashion accessories accessible to the Indian public.

A graduate in engineering management from George Washington University, Ashri talks about a time when she always bought new clothes before the holidays since her childhood.

Varun Ramani and Ashri Jaiswal, co-founders of Ziniosa

“It was neither durable nor easy to use. Once when I went to Hawaii for a vacation I came across “Rent the Runway” and bought a few outfits from there because I couldn’t afford to buy new things every time. . I had just landed my first job and was living on my own in the United States, ”she says. His history.

This experience became the basis of Ziniosa. Founded in 2018, Ziniosa rents and resells luxury fashion accessories such as shoes, handbags and sunglasses from brands such as Prada, Gucci and Louis Vuitton.

Luxury fashion decryption

The duo spent about a year interacting with customers and researching before officially launching the startup.

Passionate about fashion, Ashri says that despite her wardrobe full of clothes and accessories, they still feel like they have nothing to wear, and she wanted to solve that problem.

However, digging deeper into and talking to shoppers outside of malls across cities highlighted four clearly defined issues.

She says affordability is the number one barrier preventing a large portion of shoppers from taking advantage of luxury brands, as these brands increase their prices by 25% every year.

The duo also noted that while luxury shoppers were on the rise in India, there weren’t any online stores for the same, just a handful of stores in cities like Delhi and Mumbai.

Ashri says Millennials are a whole different demographic whose life on Instagram dictates that they don’t repeat the same outfits and accessories.

“Many, interestingly, told us that they would get a dress in the malls, wear it without removing the tag, and make the same. That’s how important it is for them to be seen in a different outfit or handbag, ”she explains.

The fourth and most disturbing of all is that these consumer trends have made fashion the second most polluting industry in the world.

The founders therefore felt that Ziniosa could be a solution that meets the needs of the public while helping to build a circular economy.

When in doubt, talk to customers

What started as a subscription rental model has pivoted twice to meet customer needs.

When the startup was selected to incubate at IIM Bangalore’s NSRCEL Entrepreneurship Center, the mentors asked the founders to break away from their assumptions about how clients want things and talk to around 1,000 people for a while. weekend.

“We opened a pop-up at the JW Marriott in Bangalore, spoke to about 500 people and found that people didn’t want a subscription model. They wanted to grab and rent anything on the website, just like any other ecommerce platform, and we made the first hub in 2019, ”recalls Ashri.

“Become completely agile and do what customers want” was the advice that continues to guide Ziniosa today.

Plus, weddings are one of the main reasons the rental of luxury accessories has thrived. But with the COVID-19 pandemic putting an end to large Indian marriages for good and resulting in smaller and more intimate marriages, Ziniosa has started to lose clients and sales.

However, noting that many were looking to sell luxury goods, the startup began testing its now successful model of reselling “pre-loved” accessories by auctioning them off on Instagram.

In 2020, Ziniosa adopted the resale model with a detailed pricing method, where sellers must send photos of authenticity with the purchase price, and Ziniosa’s stylist calculates a sale price based on the condition.

This varies between Rs 15,000 and Rs 5 lakh, while the rental model charges users 8-10% of the MRP. To increase the inventory of its resale model, the startup bought products from its competitor who was closing his store.

“It really helped us get through the pandemic because so much has changed including the fact that the population doing luxury shopping on a regular basis could not travel overseas initially and started shopping for the pre-items. loved ones, ”Ashri said.

In FY21, it recorded 4.7% sales growth. Bootstrap with Rs 20 lakh, the startup reached the breakeven point in March 2020.

Embrace the praised and pre-loved fashion

“One of the biggest challenges we still face is that a lot of people don’t like to share the rented accessory. We’re trying to solve this problem through community building efforts and collaborations with influencers who believe in pre-loved articles for a circular economy, ”she says.

In fact, Ziniosa worked with Ami Pandya, a bride on the Netflix reality show Big Day, and now has all of her bridal clothes and accessories for sale on the platform. She also suggested that the proceeds from the sale go to the NGO The Railway Children fund.

In the future, Ziniosa hopes to grow further and hire more in the marketing and sales team. It also aims to grow beyond accessories and venture into portfolios such as clothing and become “the Amazon of circular fashion”.

“We also want to explore Southeast Asian markets like the United Arab Emirates to supply them with products, as there is a lot going on in the region when it comes to luxury. If they are ready to sell, I think there is a huge audience in India ready to buy, ”she says.

Source link

Natalie Barbu on Lifestyle Products in a “Realistic” Morning Routine


Natalie Barbu, 25, is not just a lifestyle vlogger. She is a content planner, strategist and producer with a 360 degree focus on the industry. With her YouTube channel of 297,000 subscribers, her podcast “The Real Reel” and her social media consulting company, WeBloom Social, she’s unstoppable.

“The internet is a highlight, and you usually only see on people’s good days,” she told The Post. “While you want to share this and celebrate all of your heights, it’s also important to show people that you are not all you are. People compare themselves online – I’m guilty of that too – so it’s really important to be genuine and show all the time that it’s not real life.

“There are highs and there are lows. “

Barbu graduated from North Carolina State University with her BS in Industrial Engineering and transferred the skills and relationships she formed at the university to develop her new app, Rella, available for download this fall. . It’s an extension of his social media agency, WeBloom Social.

“I wanted a way to work across the influencer industry – to help brands connect with influencers and create campaigns that will reach their audience and help their business,” she adds. . “I’ve always worked as an influencer, so I wanted to help brands facilitate influencer relationships and brand deals. Many small businesses didn’t have access to these influencers for work, but WeBloom allows them to tap into them.

Nathalie Barbu

With her recent move to Miami, the autodidact is modernizing the 21st century approach to content creation – expanding across different platforms and maintaining the authenticity she’s known for. Her “Real Reel” podcast, both in name and in meaning, couldn’t be a more perfect example of her mission to share real stories.

“While I love listening to entrepreneurship-focused podcasts with multi-million dollar business owners, people sometimes gloss over their struggles and, while inspiring, they don’t feel that close.” , she said. “I wanted to interview my friend who is a doula, my cousin in high school and a photographer that I knew – it’s not because you don’t have a lot of followers or that you aren’t super rich. that you don’t have a story to tell. share.”

That’s not to say Barbu doesn’t feature established guests on his show either. Two of her favorite episodes are with Summer Fridays founder Marianna Hewitt and Remote HQ founder Waikit Lau. And, to this day, she still cherishes her podcast with her best friend who is a teacher.

“When I interview business-oriented people I tend to ask people about their backgrounds – their childhood, their first job, how they got into the industry – because I think it’s more relevant. that ‘Hey, I’m the CEO of this company,’ ”she explained.

Not only does Barbu bring value through glimpses of her intentional days, but she always tries to portray all of her passions in one video stream.

“I’m a very versatile person in the sense that I don’t want to just post about productivity, business and entrepreneurship,” she said. “I want my channel to have a holistic view of who I am, so I’ll post how I started a business, along with my beauty routine and fashion looks.”

Showcasing some of Barbu’s favorite fashion looks, essentials of her morning routine, and just items she can’t live without, read on to find out about the best products she loves.

Natalie’s Top 5 Favorite Products

Sony ZV-1 digital camera for content creators, $ 698

Sony ZV-1 digital camera for content creators

“My Sony camera is my number one, my absolute favorite because I go everywhere with it,” Barbu said. “It’s compact, so I can fit it in smaller bags, but it delivers great cinematic quality. “

AICook Citrus Juicer, $ 48.99 (originally $ 52.99)

AICook citrus juicer

“I juice three to five times a week and my juicer saves so much money,” she said. “If you go out and buy juice, it’s about $ 10. You can make a juice in the morning, keep it in the fridge and it is so easy to clean.

Kindle Paperwhite, $ 84.99 (originally $ 129.99)

Kindle Paperwhite

“I thought I had to read a physical book, but my Kindle is so much nicer to have,” she said. “I love non-fiction books, especially those on entrepreneurship.”

Bala Weighted Bracelets Set, $ 39.20 (originally $ 49)

Set of weighted bracelets Bala

“I love Bala weighted bracelets and use them a lot with Melissa Wood Health workouts,” Barbu said. She said Wood’s Pilates workouts “completely transformed her fitness routine,” as well.

Our Place Always Pan, $ 145

Our place Always Pan

“I don’t use anything other than my Always Pan,” she said. “I wash it about three times a day because I do everything on it. This is the best pan ever.

Natalie’s favorite products in her morning routine

Vital Proteins Collagen Peptide Powder, $ 42.98 (originally $ 49.99)

Vital Proteins Collagen Peptide Powder

“I use Vital Proteins collagen in my coffee every morning,” said Barbu. “It helps grow my hair and nails and keep my skin clear. “

Don Flor coffee by Berni Bean Coffee Co., $ 19.99

The Berni Bean Coffee Co. Café Don Flor

“I use whole beans for coffee because I don’t have my Keurig or Nespresso anymore,” she said. “My best friend started a coffee business called Berni Beans, and I only use her beans. They are so good, durable, and support the rainforest. I try to support small businesses when I can.

Active x Revolve Leggings Set, $ 65

Leggings Set Active x Revolve

“My absolutely favorite workout sets are from Set Active,” she said. “I no longer wear non-sets.”

Half-gallon water bottle with H20 capsule, $ 30.99

Half gallon water bottle with H20 capsule

“My half-gallon water bottle is something I take everywhere,” she says. “It has a strap on it so I wear it like a purse and it helps me drink more water throughout the day.”

Gisou Honey Infused Hair Oil, $ 87

Gisou honey hair oil

“I love Gisou Hair Oil because it makes my hair look beautiful, wavy and not frizzy – especially in Miami with high humidity,” she said. “It makes my hair look beautiful without doing anything about it.”

Gisou also has a miniature version of the hair oil for $ 25.

Latme Ice Cream Roller, $ 12.99

Latme Ice Roll

“My ice roller stays cold long enough and deflates my face in the morning,” she said. “I freeze my face after my serum to help it absorb too.”

Official Whimsy Halcyon Botanical Serum, $ 95

Official Whimsy Halcyon Botanical Serum

“I love using oil-based serums on my face because it makes my skin glow all day long, even when I’m on my makeup,” she said.

Sun Bum SPF 30 Mineral Facial Sunscreen Cream, $ 14.39 (originally $ 17.99)

Sun Bum Mineral Facial Sunscreen SPF 30

“I use Sun Bum Mineral Facial Tint with SPF 30 in the morning and it’s a great product in my morning skincare routine,” she said.

Natalie’s Favorite Lifestyle Products

Apple AirPods with Wireless Charging Case, $ 149.99 (originally $ 199)

Apple AirPods with Wireless Charging Case

“Whenever I work outside of my home I have to have my AirPods on because I have a lot of meetings throughout the day.”

Women’s Verdusa Sexy Triangle Two-Piece Bikini, $ 20.99

Women's Verdusa Sexy Triangle Two Piece Bikini

“Now that I’ve moved to Miami, I’m stocking up on swimwear,” she said. “Amazon’s are really affordable and of good quality. “

Fenty Beauty by Rihanna ‘Fenty Glow’ Universal Lip Illuminating Gloss Bomb, $ 19

Fenty Beauty by Rihanna 'Fenty Glow' Universal Lip Illuminator Gloss Bomb

“My favorite lip gloss is Fenty ‘Fenty Glow’ lip gloss,” she said. “It’s a shimmering pink nude and the best of Fenty.”

2021 11-inch Apple iPad Pro, $ 749 (originally $ 799)

2021 Apple iPad Pro 11 inch

“I do my thumbnails on my iPad Pro so it’s nice to have with me and one of my favorites,” she said.

Sennheiser Pro Audio e935 dynamic cardioid handheld microphone, $ 194.27 (originally $ 249)

Sennheiser Pro Audio e935 Dynamic cardioid handheld microphone

“My podcast microphone is great because it’s portable so I can sit and record rather than being on a desk,” she said.

Veja + Net Sustain Campo leather and suede sneakers, $ 140

Veja + Net Sustain Campo sneakers in leather and suede

“I was a big Air Force 1 girl, but I’ve moved to Vejas now, which I love,” she said.

Revlon One-Step Hair Dryer and Volumizer, $ 39 (originally $ 59.99)

Revlon One-Step Hair Dryer and Volumizer

“It’s so easy to use my Revlon One-Step hairdryer,” she says. “Every time I go somewhere I only bring this because it’s so much easier to do my hair with that.”

Warby Parker Crystal Haskell Blue Light Goggles, $ 95

Warby Parker Crystal Haskell Blue Light Sunglasses

“I love my Warby Parker blue light blocking glasses because I’m always in front of the computer,” she said.

Source link

Here’s how fast fashion brands can legally copy independent designers: NPR


In this photo illustration, a Shein app in the IOS App Store on May 03, 2021 in Bargteheide, Germany.

Katja Knupper / Die Fotowerft / DeFodi Images via Getty Images

hide caption

toggle legend

Katja Knupper / Die Fotowerft / DeFodi Images via Getty Images

In this photo illustration, a Shein app in the IOS App Store on May 03, 2021 in Bargteheide, Germany.

Katja Knupper / Die Fotowerft / DeFodi Images via Getty Images

Shein may have cornered the fast-paced fashion market, but a growing number of her clients demand increased corporate responsibility as freelance designers continue to accuse them of stealing their work.

As America’s most installed shopping app, Shein has grown into an e-commerce giant, especially popular with Gen Z.

But its growth has not been without controversy. In addition to the high environmental cost associated with fast fashion, Shein is also regularly criticized for copying designs from independent designers.

The creator of Elexiay, a fashion brand owned by blacks, mentionned on Twitter last week that Shein copied the design of their Amelia top, a handmade crochet sweater in Nigeria that costs $ 330. Shein’s offer, mass-produced in the nearly identical color scheme, sold for $ 17 until it was removed from the website.

“I spent hours designing and thinking about this design and it takes days to crochet each sweater. It’s pretty disheartening to see my hard work reduced to a machine-made copy,” the designer wrote on Twitter.

It’s a feeling that has been picked up by other creators. Reclamare PH, another crochet creator, said on Instagram that Shein copied one of their pieces and asked his followers to boycott the company. The creator of Sincerely RIA, a brand inspired by Fulani culture, mentionned on Twitter last month that Shein had copied the design of a dress and even had “[stolen] the aesthetics of the brand. “

It’s not just clothes. The artists declared having their original works reproduced without permission, just like the designers who create enamel pins and earings.

Shein did not respond to multiple requests for comment. A marketing agency that works with the brand also did not respond to requests for comment.

Copies are often legal in the fashion world

When it comes to fashion, copyright law can leave little protection for designers.

For starters, the law does not allow companies to protect “useful things, at least not in their entirety,” Julie Zerbo, lawyer and reporter for The Fashion Law blog, told NPR.

Generally speaking, this means that a designer cannot claim broad protections for clothing that performs a basic function. For example, a designer could not claim protection for all sweaters just because they make sweaters. But they can protect the creative aspects of their work that make them different from the norm, such as a unique model. If that sounds confusing, that’s because it is, even for professionals.

“And so, [with] a dress, a shoe, a bag, copyright law requires a brand that wants to claim protection to show the creative elements of that larger garment and separate them, ”Zerbo explained. “It creates a rather messy and not simple reality. The reality is, in most cases, it’s perfectly legal to drop a dress design. “

It is in this gray area that fast fashion brands often thrive. Zerbo said they often copy “just enough” that the end result is recognizable without copying anything trademarked or otherwise protected by law.

“They are doing a pretty good job of walking that line,” Zerbo said. “And it allows them to operate in that space doing exactly what they’re supposed to do, which is to take other trends that are on the track or elsewhere and replicate them inexpensively.”

Independent brands still have options

Still, independent brands aren’t completely without options. Sending a cease and desist letter is an inescapable decision and brands may also try to reach an agreement out of court; those settlements may involve the offending companies agreeing to remove the parts from their store and pay the original designer a monetary settlement, Zerbo said.

It’s a polarizing topic: Some commentators are strong supporters of Shein, arguing that the average shopper can’t be expected to spend hundreds on a single garment when a much cheaper option is available .

In the meantime, independent designers still have Twitter, Instagram and other platforms to raise awareness, which Shein’s critics say can lead to more clients for the original creators, as well as increased demand for change.

It may already be working: On TikTok, the hashtag “boycottShein” has been viewed over three million times. Since big brands rely on popularity online to stay relevant, independent designers and their supporters are hoping hashtags might in fact be an outsider’s most powerful weapon.

Source link

Virgil Abloh got a powerful new gig


On Tuesday, the world’s most powerful luxury goods conglomerate announced it was giving a seat to one of fashion’s most prominent black designers and executives. LVMH becomes majority investor in Off-White, the high-end streetwear brand founded by Virgil Abloh in 2013 in Milan.

As part of the deal, LVMH purchases a controlling 60% stake in Off-White LLC, the owner of Abloh’s Off-White brand. Milan-based New Guards Group, which is owned by Farfetch, will continue to operate the business as it holds the license for the brand. Meanwhile, Abloh will retain a 40 percent stake and will also continue as creative director at Off-White, as well as at Louis Vuitton as artistic director of the French fashion house’s menswear collections.

Abloh’s relationship with LVMH dates back to 2007, when he did an internship at Fendi. At the time, Kanye West had hired Abloh as Creative Director to help him launch some projects outside of music. He founded Off-White in 2012 and three years later became a finalist for the LVMH Young Designers Prize. In 2018, he was appointed designer of Louis Vuitton men’s clothing.

LVMH and Abloh now agree to pursue new projects together. Bernard Arnault, CEO of LVMH, said he was looking forward to “working with Virgil to bring his unique sensibility to a wider range of luxury categories” in a statement released Tuesday morning. And it makes sense that Abloh would be the guy to help with this business, given his many collaborations with brands like Nike, Mercedes-Benz, Ikea, Evian, Vitra, and Braun, to name a few.

In the grand scheme of things, taking a controlling stake in Off-White is just another day for LMVH. Last year, she bought Tiffany & Co.; last week he announced he was taking a minority stake in Phoebe Philo’s new namesake label; and according to WWD, it has strengthened its presence in experiential luxury by opening hotels and restaurants around the world.

Abloh told New York Time that “the partnership would be used to expand Off-White into categories such as cosmetics and housewares, as well as to develop the leather goods side of the business.” In a statement, he said, “For nearly a decade, we’ve built Off-White to be a brand designed to empower our generation and challenge the status quo. LVMH is bringing the extra firepower and scale needed to accelerate our momentum and make Off-White a true multi-line luxury brand. “

It is also a historic moment in the long white history of the fashion industry. Abloh is a first generation Ghanaian American, making Off-White one of the few properties of LVMH that is not rooted in European heritage. The French conglomerate touts its commitments to DE&I but still has an all-white board and executive committee; he interrupted Fenty, Rihanna’s luxury fashion brand, last year. While this is a step in the right direction, it is a reminder that great progress is still to be made.

Source link

4 ETFs and industry stocks up for grabs


Retail sales in the United States rose 0.6% sequentially in June 2021, following a revised 1.7% decline in May and earlier market expectations of a 0.4% decline as demand goods has remained strong despite the recent shift towards spending on services.

Consumer spending accounts for about 70% of US economic activity. So any massive jump in it will likely improve the picture of economic growth. Below, we highlight a few areas and related ETFs that have benefited the most.

Winning sectors

Electronics and household appliances

Sales in this category increased 3.3% sequentially. Year over year, sales increased 37.3%. Consumer interest in purchasing electronic products is expected to keep demand for semiconductors high.

Aarons Company Inc. AAN

Zacks Rank # 3 is an omnichannel hire-purchase solutions provider.

VanEck vector semiconductor ETF SMH

The underlying MVIS US Listed Semiconductor 25 index tracks the overall performance of companies involved in semiconductor production and equipment. The fund charges 35 basis points in fees. The fund has a Zacks Rank # 3.


Gasoline sales jumped 2.5% sequentially during the month and 37.1% year-over-year.

Cheniere Energy Partners LP CQP

Zacks Rank # 2 owns and operates regasification units at the Sabine Pass LNG terminal located in Cameron Parish, LA. The stock currently has a Zacks Rank # 2.

US Gasoline ETF UGA

The underlying gasoline price index appears to reflect changes in the price of gasoline, as measured by the contract price on unleaded gasoline for delivery to New York Port, traded on the NYMEX which is the month close to expiration, except when the close contract is within two weeks of expiration, in which case it will be measured by the contract which is the next contract of the month to expire. The fund charges 75 basis points in fees.

Clothing stores and miscellaneous stores

Many clothing stores in malls were closed amid closures last year. Thus, pent-up demand stimulated spending in this segment. Clothing and accessories sales grew 2.6% sequentially on the month and 47.1% year-on-year. Sales at various retail stores increased 3.4% sequentially and 22.8% year-on-year.

Apparel Retail takes around 18.76% of the fund SPDR S&P Retail ETF XRT. The fund is therefore well positioned to take advantage of the trend. Internet & Direct Marketing Retail (20.68%), Automotive Retail (19.71%), Specialty Stores (16.10%) and Food Retail (6.18%) are the other four main areas of the fund.

For single stock pick, Zacks Rank # 1 (strong buy) Abercrombie & Fitch Company ANF seems like a good bet here.

Food services and drinking places

Sales in this category were up 2.3% sequentially in June and 40.2% year-over-year.

Papa Johns International Inc. PZZA

Zacks Rank # 2 Company operates and franchises pizza delivery and delivery restaurants in the United States and other specific international markets.

FNB AdvisorShares Restaurant EATZ

This ETF is active and does not track a benchmark. It gives exposure to companies that derive at least 50% of their net income from catering.

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Abercrombie & Fitch Company (ANF): Free Stock Analysis Report

The Aarons Company, Inc. (AAN): Free Stock Analysis Report

Papa Johns International, Inc. (PZZA): Free Stock Analysis Report

Cheniere Energy Partners, LP (CQP): Free Stock Analysis Report

SPDR S&P Retail ETF (XRT): ETF Research Reports

VanEck Vectors Semiconductor ETF (SMH): ETF Research Reports

US Gasoline ETF (UGA): ETF Research Reports

AdvisorShares Restaurant ETF (EATZ): ETF Research Reports

To read this article on Zacks.com, click here.

Zacks investment research

Green Stream Holdings, Inc., plans fractional solar power


New York, NY, July 20, 2021 (GLOBE NEWSWIRE) – Green Stream Holdings Inc. (OTC PINK: GSFI) (the “Company”) (https://greensolarutility.com), has developed a program to offer a portfolio of tokenized solar panels, combined with a user-friendly blockchain-based platform to facilitate long- and short-term participation. The Company is an emerging leader in solar utilities and finance. Projects include the rapidly growing urban gardening sector with dedicated solar greenhouses primarily for rooftop farming, as well as the restoration and conversion of old shipping / freight containers into inexpensive greenhouses for urban neighborhoods. and city centers, and host sites for its community solar program.

CEO James DiPrima said, “Our new business model seeks to capitalize on the growing movement of local and international investment in the clean energy market. We intend to make purchasing solar energy assets more accessible by reducing traditional barriers to entry through the tokenization of solar panels and creating a marketplace on our platform that allows buyers to coins to place their tokens on various solar panels. We will provide the expertise, knowledge, tools and services necessary for our participants to make informed and value-added decisions throughout the duration of their participation. Our range of services will include the inspection and valuation of properties and the provision of stock market type indicators on tokenized solar panels, the completion of the transaction ensuring security and transparency through the blockchain engine at the using smart contracts and putting in place the appropriate legal framework and documentation in multiple owner cases.

He added, “We anticipate that the Green Rain Portal will become a one-stop solution for many global or local solar panel transactions from a laptop or smartphone. With our initial token offering, we aim to launch this ambitious project through the acquisition and tokenization of our first solar panel properties. We expect token holders to be able to use their tokens on our platform to participate in exciting solar projects that they may not have access to individually. We can all benefit from the rental returns, the appreciation in prices and the profits generated by the sale of properties. “

He concluded: “GREEN tokens should be generated on the Ethereum blockchain. Only holders of a GREEN token will have access to the Green Rain platform. Fiat and other cryptocurrencies will not be allowed for use on the Green Rain platform.

For more information, visit Development Efforts: https://greensolarutility.com.

About Green Stream Finance, Inc.

Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, California and New York, NY, is focused on tapping into currently unfulfilled markets in solar energy, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii and Canada. The company’s next-generation solar greenhouses built and managed by Green Rain Solar, LLC, a Nevada-based division, use proprietary greenhouse technology and branded design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high growth solar market segments for its advanced solar greenhouse products and advanced solar batteries. The company has a growing footprint in New York City’s considerably underserved solar market, where it targets 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream seeks to forge a key partnership with leading investment groups, brokers and private investors to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is committed to becoming a major player in this critical space. Thanks to its innovative solar product offerings and its industrial partnerships, the Company is well placed to become a major player in the solar sector.

About Chuck’s Vintage:

Chuck’s Vintage offers its customers an access pass to historic fashion. Accessories, clothes and complete sets of a bygone era, for fear of forgetting its beauty. It seems entirely fitting that Chuck’s Vintage is opening its doors during a pandemic that is most closely associated with the plague that struck Los Angeles in 1924. In these times of uncertainty and ever-changing regulations and trade restrictions, Chuck’s Vintage does its best to provide customers with a white glove experience.

Founded in 2006, Chuck’s Vintage is a store like no other; a true American original. The moment you cross the threshold of 16618 Marquez Ave, Pacific Palisades 90272, you find yourself in the midst of abundant treasure. The selection of vintage denim has to be seen to be believed. His store’s blue jeans range from fortresses found in the mines of the California Gold Rush to World War II Levi’s, Lees and Wranglers, as well as high-waisted, groovy Levi’s bells. Come to Chuck’s for the denim, but stick around and complete your look with the founder’s sample of vintage American work clothes: sturdy military and work boots, leather bomber jackets and vintage rock t-shirts from the United States. soft and perfectly worn 70s. Cool American classic.

Chuck’s Vintage was founded by former GSFI CEO Madeline Cammarata (aka Madeline Harmon) with a long history in fashion. Her career began as a model, where she was quickly discovered by iconic and provocative fashion photographer Helmet Newton, launching Cammarata on the catwalks in Europe. Returning to the United States, Madeline found a powerful niche in the denim haute couture world, where she was instrumental in developing fabrics for powerful brands like 7 For All Mankind and supplied thousands of plays to celebrities and business elites from Steve Jobs to Morrisey and everywhere in between.

Forward-looking statements:

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This document contains statements about future events and / or expected financial results which are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business described in this press release may not be concluded for any reason. This may be due to technical, installation, authorization or other issues that were not anticipated. These forward-looking statements, by definition, involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from statements made herein. Except for any obligation under United States federal securities laws, Green Stream Finance, Inc. assumes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise. .

All inquiries

+1 (424) 280-4096
[email protected]

SOURCE: Green Stream Holdings Inc.

Websites: https://chucksvintage.com/ and https://greensolarutility.com

Instagram: Chucksvintageoriginal

Phone number: (646) 669-7007

Source link

LVMH adds Off-White to its list of luxury brands


French luxury group LVMH said on Tuesday it would buy a 60% stake in the Off-White brand from menswear designer Virgil Abloh and expand its role in the spirits conglomerate to jewelry.

Abloh will retain a 40% stake and continue as creative director of Off-White, a streetwear label the American designer and DJ founded in 2013, the company said in a statement. Financial terms were not disclosed, according to a Reuters report.

Italian group New Guards, which currently owns a majority of Off-White, will remain a partner of the brand via a licensing agreement after the agreement is finalized, which is subject to regulatory approvals, AFP reports.

Read also: A business lesson from Ermenegildo Zegna

Abloh, 40, was hired to create menswear collections for Louis Vuitton, LVMH’s biggest revenue driver, in March 2018, as the group sought to breathe new life into certain brands and attract a younger clientele.

He will continue in this role while working with the group “to launch new brands and partner with existing brands in a variety of industries beyond fashion,” the statement said.

“For nearly a decade, we’ve built Off-White to be a brand designed to empower our generation and challenge the status quo,” Abloh said in a statement. “LVMH brings the extra firepower and scale to accelerate our momentum …” he added.

Abloh has previously worked with Rimowa, owned by LVMH, on a range of transparent suitcases and has established popular partnerships with brands such as Nike and Ikea.

Fashion’s most prominent black designer, he said LVMH would help him make Off-White a “truly multi-line luxury brand“, while hoping his expanded role within the French giant would also help. promote diversity in the industry.

The Off-White brand is known for its luxe urban flair, with hoodies starting at 400 pounds ($ 570), at a time when some high-end brands are adopting streetwear looks to attract young shoppers.

The transaction is subject to regulatory approval and is expected to close within the next 60 days.

Source link

Renting fashion can be green, say clothing rental companies | Fashion industry


The clothing rental industry has challenged the findings of a recent high-profile report that renting clothing is “less environmentally friendly than throwing it away,” based on the environmental impacts of transportation and dry cleaning.

The study, published by the Finnish scientific journal Environmental Research Letters, assessed the environmental impact of five different ways of owning and disposing of clothing, including rental, resale and recycling.

“We believe rental needs to be looked at closely to make it as ‘green’ as possible, but we are concerned that encouraging people to throw away their clothes is not helping the industry, let alone the planet,” says Tamsin Chislett, CEO and co-founder of the rental company Onloan.

The study’s assumptions about transport, based on a Finnish company, do not reflect the reality of the UK rental market, according to Chislett. The study was modeled on each rented item collected by a car trip. Companies like Onloan and Hirestreet send clothes by post, while My Wardrobe HQ uses bicycle couriers and electric vans. There are also physical businesses that allow customers to choose parts on foot, including HURR at Selfridges and My Wardrobe at Harrods.

Transportation was a key area of ​​review in the study, which said that, given that “the use of rental services is likely to increase customer mobility, and if that happens on a large scale”, so clothing rental is likely to have a greater global warming potential than resale or recycling.

The study also highlighted the environmental damage caused by dry cleaning. However, Onloan and My Wardrobe say they use wet cleaning and liquid CO2 cleaning, especially to avoid the environmental impact of dry cleaning.

Sustainability consultant Alice Wilby says the “scale and intent” of the individual rental companies is key to minimizing the impact. She cautions against comparing small rental companies that use sustainable practices with big brands that are now embracing rental.

The Wrap charity estimates that around £ 140million worth of used clothing goes to landfill in the UK each year, while the Ellen MacArthur Foundation estimated in a 2017 report that more than half of fashion products fast are eliminated in less than a year.

According to Isabella West of Hirestreet, a party clothing rental service, some of their items have been worn more than 40 times, with some styles booked every weekend by September. My Wardrobe HQ claims they can extend the life of a garment up to 15 times.

Extending the life of clothing by an additional nine months reduces its carbon, water and waste footprints each by about 20-30%, and cuts the cost of resources used to supply, wash and dispose of clothing by 20%, according to the Global. Fashion Agenda and Boston Consulting Group report.

Wilby recognizes that keeping the clothes in circulation is not enough on its own. “The majority of clothes for rent are not made from sustainable materials and have not been ethically produced. It’s also not really circular, as we still don’t have large-scale fabric-to-fabric recycling facilities for every type and mix of fabric we make and rent. She questions what happens to rental clothes at the end of their life and wants to see “rental integrated into a circular system of regenerative agriculture and the production of soil-to-soil clothes and equity for farmers and farmers. producers ”.

“There is simply no alternative to buying less, buying ethical products and taking the best care of them,” says Wilby. “Even though rental clothes are transported by electric van and cleaned at low impact, those clothes will be transported and washed more often than anything the customer owns privately. Renting as a means of slowing down customer consumption and industry output is a great solution, but it needs to be part of a system overhaul.

Source link