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Clothing B2C E-Commerce Market in Europe 2021: Ukraine Expected to See B2C E-Commerce Sales to Over Half a Billion US $ by 2023

DUBLIN, December 29, 2021– (BUSINESS WIRE) – The report “Europe Clothing B2C E-Commerce Market 2021” has been added to ResearchAndMarkets.com offer.

Amazon, ASOS and eBay are the most visited fashion websites in the UK, as of 2021, according to this report. The report provides an overview of possible future industry developments, based on expected market values, consumer preferences and intentions, as well as technology trends.

B2C e-commerce clothing sales in Europe are expected to gradually accelerate over the years after peaking in 2020

A large percentage of Europe has seen growth in clothing e-commerce sales, particularly noticeable after the COVID-19 health crisis of 2020. In the UK, growth in B2C textile, clothing and footwear e-commerce is expected to reach nearly a quarter in 2021, due to the country’s lockdowns. In Germany, B2C e-commerce sales in the clothing category posted the highest year-over-year growth in the first quarter of 2021, leading other categories. Ukraine is also expected to experience a gradual acceleration in online clothing purchases over the next few years, with B2C e-commerce sales reaching over half a billion dollars by 2023.

In most European countries, fashion and clothing was the main product segment for online shopping in 2020

When it comes to online shopping in most European countries, consumer choices have focused on the fashion and clothing sector. In the UK, according to an October 2020 survey, clothing ranks second among future online shopping preferences, as in Germany. In Spain, the clothing products segment dominated the others. In Russia, clothing and footwear was the dominant choice for cross-border online shopping, while domestic B2C e-commerce clothing and footwear was the second most important category in 2020.

Online-only retailers are the number one choice to buy clothes online in European countries in 2021

Online-only retailers were commonly used across Europe to buy clothing items online, from 2020 and 2021. For example, in Germany and the UK, according to a February 2021 survey, retailers only online, such as Zalando, have dominated the choice. of merchant sites. In Ukraine, the main fashion retail website was the local site, SHAFA, followed by national merchants Klubok and Kloomba.

Cover of the report

  • This report covers the B2C e-commerce market for apparel in Europe. It takes into account a broad definition of the clothing segment, including products called clothing, fashion, clothing, accessories and footwear. The exact definition of the segment covered on each particular graph may differ depending on the original source used. Apart from sales figures, penetration and rankings, this report also reveals important market trends affecting B2C e-commerce of clothing, such as mobile, cross-border and omnichannel shopping.

Main topics covered:

1. Management summary

2. Global developments

  • Apparel B2C Ecommerce Market Snapshot During and After COVID-19, October 2021

  • Impact of COVID-19 on Market Players and News, October 2021

  • Top 20 E-Comm clothing. Websites, by website ranking *, incl. Website visits, in millions, average visit duration, in minutes, bounce rate, in%, and top 5 countries by website traffic, in%, August 2021

  • Top product categories preferred to buy more online,% of consumers, March 2021

  • Top 3 categories of products purchased online across borders by shoppers aged 25-34, in% of consumers, December 2020

  • Main product categories that will be purchased online in the future, incl. “Clothing”, in% of consumers, October 2020

  • Top 10 product categories sold by online marketplaces, number of marketplaces and visits per month, in millions, April 2021

  • Global Fashion Group net merchandise value, in millions of euros, and year-on-year change, in%, 2019 and 2020

  • ASOS total retail sales, in millions of pounds, and year-over-year change, in%, 2019 and 2020

3. Europe

3.1. Regional

3.2. Advanced markets

3.2.1. UK

  • Textile, Apparel & Footwear B2C e-commerce sales value, in £ millions, year-over-year change,%, 2019 – 2025f

  • Top fashion shopping sites, in% of consumers, February 2021

  • Main product categories that will be purchased online in the future, incl. “Clothing”, in% of consumers, October 2020

  • Top 3 categories of products purchased cross-border, incl. “Clothing / clothing, shoes and accessories”, in% of online shoppers, February 2021

  • Top 10 most visited fashion websites, in% of consumers, February 2021

  • Top Most Popular Online Brands Purchased in Last Three Months,% of Consumers, December 2020

3.2.2. Germany

  • B2C e-commerce sales of fashion-related product categories, by category, in millions of euros, and annual variation, in%, Q1 2020 & Q1 2021

  • B2C E-Commerce sales of “Clothing and footwear”, in billions of euros, 2019 & 2020

  • Main online shopping channels for “Clothing, shoes and accessories”, in% of consumers, February 2021

  • Main product categories that will be purchased online in the future, incl. “Clothing”, in% of consumers, October 2020

  • Top 3 categories of products purchased cross-border, incl. “Clothing / Apparel”, in% of online shoppers, February 2021

3.2.3. France

3.2.4. Spain

3.2.5. Italy

3.2.6. Netherlands

3.2.7. Belgium

3.2.8. Sweden

3.2.9. Switzerland

3.2.10. Denmark

3.2.11. Austria

3.3. Emerging Markets

3.3.1. Russia

3.3.2. Poland

3.3.3. Turkey

3.3.4. Ukraine

  • B2C E-Commerce Apparel Sales, USD Million, and Share,% of Retail Sales, 2016 – 2023f

  • Top 10 online clothing stores, by number of visits, in millions, 2020

Companies mentioned

  • Adidas

  • Amazon

  • American eagle

  • Apple

  • Asos

  • boohoo man

  • Burberry

  • eBay

  • She

  • Farfetch

  • Valet Mode

  • Fnac Darty

  • Difference

  • Global fashion group

  • H&M

  • Index

  • JCpenney

  • Liverpool

  • Macys

  • Marks and Spencer

  • Maternity

  • Myntra

  • Namshi

  • Following

  • Nike

  • Shopping at noon

  • Nordstrom

  • Otto.de

  • Pay Pal

  • Pik

  • SHAFA

  • Shein

  • Statistics

  • Stockx

  • Uniqlo

  • Vinté

  • Zalando

  • Zalora

  • Zara

  • Zooplus

  • Zozo

For more information on this report, visit https://www.researchandmarkets.com/r/4eva1d

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20211229005337/en/

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Exclusive: Swara Bhasker on her obsession with skincare and her favorite products


Swara Bhasker is obsessed with skin care. She loves to splurge on new products and has a full routine. If you’re someone who made a resolve to take care of your skin in 2022, this is must read for all of you.

What is your morning and evening skincare routine?

Oh my God! I am going bankrupt because I keep buying new products and these anti aging serums and creams. I’m a huge product freak. I love skin care. This is one of the reasons I never arrive at the airport before the hour. If I have free time, even five to ten minutes, I end up buying skin care products. Also the international airports are the worst because you don’t get these brands in India and I end up spending a lot of money on these products. So I am unruly for everything in life, except for removing makeup. I am very particular about this. I have a ritual and make it a moment for myself with a cup of tea. I sit in front of the mirror, put on some music, then I cleanse and take off all my makeup. Then I use wipes followed by my rose water. These are random rituals that I designed for myself. Then I wash my face and hydrate. Finally, before going to sleep, I apply a little oil. It can be coconut oil, Aragon oil, lavender, pomegranate seed … whatever is available. It’s pretty elaborate, I know. Luckily I’m single so there isn’t a man who must feel all the fat on my face. If and when I have a boyfriend, I will change my routine. Mornings are not that bad. I hydrated so it’s the basic CTM (cleanse, tone, hydrate) and sunscreen.

Five beauty essentials you can’t live without …

Moisturizer, concealer, powder, kajal and eyeliner. Sometimes I don’t even use lipsticks and lip balms.

Three skin care tips you would like to share with us …

So an actor told me that, it’s not my original – but when you want to party and drink, you want to take care of your skin, so I learned a trick. It’s a drink called “Skinny Bitch”. It’s Vodka or Gin, with lots of lemon and ice. Just fill it with water. Just drink as much as you can because you are drinking a lot of water so the next morning you wake up you may be broken but your skin is radiant. Sleep is very important with cleaning. Never sleep with makeup on. Eat well. And the most important thing that no one discusses is your saddle. You need to have a good bowel movement every day. It is essential for beautiful skin.

Swara Bhaskar Skin Care


Two new resorts in northern California wine country raise the luxury meter

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Despite the ongoing global pandemic, which has disrupted the flow of travel to Napa and Sonoma, two notable hotels have opened this year, giving hope for a return to normal. The Montage Healdsburg and the Four Seasons Napa Valley – two highly anticipated companies in the portfolios of their respected brands – have opened with decidedly different vibes, both tailored to the clientele they are sure to attract and focused on luxury offerings from precision.

While Montage Healdsburg (full review here) officially opened at the end of December 2020, it was in 2021 that the property brought new glamor to Healdsburg – not in town around the plaza but a few steps into the vineyards, making sensation in several categories, including design, food and beverage, and service.

The guest quarters, nestled in the wooded hillside, could be described as “Frank Lloyd Wright meets Jorge Gracia,” with their stilted rear terraces, generous windows, and lush, minimalist paradox. Inside, the rooms and suites give off an invitation to relax and sunbathe. The center of the property, around which the rooms are perched, is a winegrower, whose new vines grow under the watchful eye of oenology consultant Jesse Katz. opening cellars.

The main restaurant, Hazel Hill, is an exercise in graceful execution of Franco-Californian classics with a stellar wine list. Consider choosing your wine first and working backwards to the right meal to go with it.

Impeccable service is a hallmark of the Montage experience, and despite the staff shortages we accept as the new Covid standard, somehow this property has risen above it, and the staff From pool attendants to spa therapists to front desk folks – all come together to deliver a smooth experience, whatever your needs.

The all-new Four Seasons Napa Valley (full review here), in the fabulously idyllic town of Calistoga, finally opened in October after nearly a year of Instagram teasers, and its style is more luxurious-farm-meets-vineyard. -immersion: Rooms and suites line the 4.5-acre Cabernet Sauvignon plantation managed by Thomas Rivers Brown, one of Napa’s most sought-after wine consultants, whose own winery, Elusa, is located on the property. It’s a new concept in luxury hotels, and it’s sure to woo visitors when the news spreads, especially because hyper-local wines are priced for affordability (in Napa terms), more $ 100 a bottle than the often seen $ 200 + price tag.

The accommodations are spread over one of the two floors of each farm building, and the choice between lower and upper floors is an exercise in contrasting aesthetics. The lower rooms look like caverns, dark and sultry, designed to invoke the wine cellar and to keep you cool in the summer sun. These have juxtaposed, white and well-lit bathrooms. Superior Rooms are light and bright and have darker bathrooms, continuing the mirror theme. All have wine refrigerators and Steinbeck’s nifty designer touch Grapes of Wrath mounted like a work of art on the wall, a tribute to the unpredictability and resilience of this destination wine region.

Truss, the establishment’s central restaurant, is still waiting for the chef of his dreams to lead the dining side, but Four Seasons veteran Shaun Acosta does very well on the laid-back ‘lounge’ side with excellent huevos rancheros at the restaurant. breakfast and nice crispy trout in the evening.

One of the biggest perks of staying here is for parents traveling with their children – Kids for All Seasons is a day camp for ages 5-12 that is offered by reservation, free of charge.

Montage Healdsburg and Four Seasons Napa Valley bring exciting new accommodation and dining options to the Wine Country luxury hospitality scene.


Shaquille O’Neal on Investing in Risky Men’s Diamond Jewelry Industry: “Men today want to look smart and sharp”


Shaquille O’Neal was one of the most influential basketball players of his time and is considered one of the best centers of all time. After his retirement, the 49-year-old has been astute in his business dealings and is an analyst on Inside the NBA.

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Some time ago, Shaq teamed up with a renowned North American jewelry brand, Zales, to produce designer collections in the men’s jewelry department. The collections included pendants, rings and bracelets in stainless steel, black plating and diamonds.

SANTA MONICA, CALIFORNIA – JUNE 24: Shaquille O’Neal attends the 2019 NBA Awards at Barker Hangar on June 24, 2019 in Santa Monica, California. (Photo by Leon Bennett / WireImage)

Besides investing in the diamond industry, Shaq wanted to create an exclusive collection in the section of men’s jewelry. And it was the result of her own beliefs about men’s shopping preferences.

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“Today’s men want to be stylish and elegant in all aspects of their wardrobe” he noted. “My goal with the Zales collection is to offer men avant-garde jewelry that is as affordable as it is elegant. “

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about 10 hours ago

The 15-time All-Star was an explosive sportsman, while Zales is an expert in producing unique jewelry. Therefore, with a vision to build a partnership by focusing on their strengths, Shaq decided to collaborate with Zales in 2012.

The brand’s notoriety in the jewelry market speaks volumes, “Ever since I was in college, I have been shopping from Zales because I knew I could buy a quality product at an affordable price,” O’Neal noted.

Shaquille O’Neal has more on her investment list

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NBA legend Shaquille O’Neal has an extensive financial portfolio. He owns several food franchises and has even sold his stake in 155 Five Guys restaurants.

According to reports, he still owns the other investments in Lyft, Vitaminwater, etc. He is also a co-owner of the Sacramento Kings.

LOS ANGELES, CA – MARCH 14: Retired television personality / basketball player Shaquille O’Neal onstage at Justin Bieber’s Comedy Central Roast at Sony Pictures Studios on March 14, 2015 in Los Angeles, California., Justin Bieber’s Comedy Central Roast will air on March 30, 2015 at 10 p.m. ET / PT. (Photo by Kevin Winter / Getty Images)

The Big Shamrock had also invested in “Google” before announcing its IPO, and it regrets not having bought more shares. Shaq’s exact stake in the search engine giant is not disclosed, but he is very fortunate that there are still his shares.

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Lions Not Sheep Apparel® Appoints Former TapouT Co-Founder Dan Caldwell as President and COO

BLUFFDALE, Utah, Dec. 27 2021 / PRNewswire / – Lions, Not Sheep Clothes®, one of the fastest growing clothing brands in United States, today announced the hiring of the former co-founder of TapouT Dan Caldwell as the new President and Chief Operating Officer, from January 3, 2022.

Dan Caldwell, new President and COO of Lions Not Sheep Apparel.

Caldwell has 24 years of extensive experience in the apparel branding industry and was co-founder and president of the global combat sports brand TapouT. He was instrumental in the growth of TapouT at $ 350 million in revenue and led the sale of the company to Authentic Brands Group in 2010.

Based at Bluffdale, Utah, Lions Not Sheep Clothing® is a fast growing global apparel and lifestyle company that has generated strong demand. Their products appeal to patriots around the world who lead and create rather than blindly following the masses. What started as a single t-shirt designed by the company’s founder Sean whalen like a personal mantra has led to quite a movement.

“Dan brings incredible insight and knowledge to the apparel industry and has experience building a highly visible global brand,” said Sean whalen, Founder and CEO of Lions Not Sheep Apparel®. “With triple digit annual growth, Lions Not Sheep is quickly becoming a household name and Dan will help us take things to the next level.”

Caldwell will oversee the day-to-day operations of the company, implement strategic growth initiatives, strengthen the company’s supply chains and develop production partnerships. His vast experience in the apparel market will help the company to significantly expand its global operations.

“I’m inspired by what the brand stands for, because that’s what I stand for,” Caldwell said. “It created a movement that people want to be a part of and I think that movement contributed to its early success. We are going to make it a global brand.”

For more information on Dan Caldwell and her new role at Lions Not Sheep Apparel®, visit lionsnotsheep.com.

Cision

Cision

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SOURCE Lions Not Sheep Clothing

Volvo settles copyright lawsuit after reposting photos for Instagram ad campaign



Volvo has settled a copyright lawsuit after it was sued in federal court in California last year for using another party’s photos for an alleged Instagram ad campaign. In the lawsuit they filed in June 2020, photographer Jack Schroeder and model Britni Sumida accused the Swedish automaker of copyright infringement for using photos Schroeder took of Sumida posing alongside a Volvo S60 in a “global advertising campaign” on Instagram without their permission. After unsuccessful attempts to get Volvo to stop using the images, Schroeder and Sumida took legal action, exposing allegations of copyright infringement, unfair competition and misappropriation of likeness, the latter of which resulted Volvo’s unauthorized use of images featuring Sumida.

In response to the lawsuit, Volvo filed a non-suit in August, arguing that Schroeder and Sumida were in fact the ones wrong because of their use of the brand, image, reputation and reputation. substantial reach of Volvo’s social media. venerable automobile company to promote itself professionally. Volvo claimed that the complainants’ claims that it “unacceptably shared [the] Sumida’s misappropriated photographs and image rights as part of an unauthorized “global advertising campaign” are false and misleading “because there was” no such advertising campaign “. Instead, Volvo claimed it was “just using the basic functionality of the social media sharing / posting platform to repost” Schroeder’s images of his S60 sedan “after Schroeder and others have already posted (and tagged Volvo) the photos on their own public social media accounts. ”

The crux of Volvo’s argument was that by posting the photos to Instagram in the first place, Schroeder granted it an implicit license to repost the photos under Instagram’s license terms.

Beyond that, Volvo asserted that “by scoring [it] in the subject’s photographs’ – and sharing them with Volvo, “Schroeder granted [it] an implied non-exclusive license to share the photos on Instagram and other social media sites. Referring to the Ninth Circuit jurisprudence, Volvo stated that such a non-exclusive license “may … be implied in conduct”, which is precisely what happened in this case, by Volvo, when Schroeder made the images accessible to the public. and tagged Volvo in them.

In the wake of the court’s dismissal of Volvo’s motion to dismiss after refusing to take judicial notice of a set of documents relied on by the automaker, Volvo filed its response in September 2020, dismissing most of the claims. Complainants’ claims and setting out a handful of claims of its own. Mainly, Volvo (kinda scratching your head) charged Schroeder and Sumida with trademark infringement for posting photos that “displayed and prominently displayed Volvo’s name, Volvo’s distinct and protected logo, and a motor vehicle. which exhibits unique design features immediately identifiable with the Volvo brand. and automotive product line. Because they tagged Volvo in articles featuring the S60 sedan, the car co. stated that “anyone looking for Volvo … would be able to find these photographs and videos” and might be confused “as to the source, origin, endorsement and sponsorship of the Volvo”.

Specifically, Volvo alleged that “the forged messages misrepresented to consumers and the auto industry that Volvo had hired Schroeder and / or Sumida to conduct the filming and had authorized [them] commercially exploit the images thereof as part of an advertising campaign on social networks for the S60 Sedan.

Volvo also accused Schroeder and Sumida of brand dilution on the grounds that it “works closely with a carefully selected group of advertising agencies and other professionals in the United States to develop marketing campaigns and messages” and that they “diluted Volvo’s famous hallmarks by appropriating the substantial investment Volvo has made in its brands.

Fast forward to December 23, and attorney for Schroeder and Sumida alerted the court that the parties have “reached a full settlement of this matter,” that a formal settlement agreement is being circulated between the parties. parties for consideration and approval, and that the parties expect to file a stipulated dismissal of the entire action with each party bearing its own attorney fees and costs.

Problems with Instagram images

This case may be close to an end, but it nonetheless raises one of the many questions that go along with the allegedly unauthorized use of images first posted to Instagram and other media platforms. social media. The overriding issue centers on Instagram’s terms and whether they provide users with a license that could protect them from liability for copyright infringement if they were to use shared images for the first time. on its platform without the consent of the copyright owner. This has seen brands like Volvo come under fire for re-sharing copyrighted images on their own accounts, but perhaps more often cases have arisen relating to the posts’ practice of embedding images in articles online using social media sharing tools without copyright holders. ‘authorization, prompting claims for copyright infringement.

In terms of integrated imagery, this issue has been at the center of a series of cases in what Craig Whitney of Frankfurt Kurnit Klein & Selz PC recently called “one of the most controversial issues in copyright in the past two years or more. . “In a remarkable case, Nicklen v. Sinclair Broadcast Group, Inc., a federal district court in New York ruled that the unauthorized re-publication of copyrighted content online could violate copyright law by infringing the exclusive right of the owner of the copyright to display the work, whether a copy was created and stored by the alleged infringer or not – or if the image was reposted using Instagram’s API.

In making his decision, Judge Jed Rakoff of the United States District Court for the Southern District of New York City rejected the United States Court of Appeals’ “server test” for the Ninth Circuit, resulting in a potential division of the circuit, such as the ninth circuit “generally judges that embedding content from a third party’s social media account only infringes the copyright of the owner of the content if a copy is stored on the servers of the defendant, ”according to Aaron Rubin, Julie O’Neill and Anthony M. Ramirez of Morrison Foerster. (And Judge Rakoff isn’t the first SDNY judge to do so; Judge Katherine Forrest shot down the server test in a 2018 ruling in Goldman v. Breitbart News Network.)

Shortly after Justice Rakoff dismissed the defendant Sinclair Broadcast’s motion to dismiss, a federal court in San Francisco sided with Instagram in a proposed class action lawsuit, in which photographers Alexis Hunley and Matthew Brauer alleged that the social media site had embarked on a “plan to generate substantial income.” for its parent company, Facebook, Inc. ”, – now Meta -“ by encouraging, inducing and facilitating third parties to commit widespread copyright infringement. According to the plaintiffs, Instagram is secondarily responsible for the copyright infringement for “encouraging third-party online publishers … to use the integration tool.” [on its app] display copyrighted works without [the necessary] license or permission of copyright holders ”, and in the process,“ misled ”the public into believing that“ anyone is free to access Instagram and embed works copyright-protected from any Instagram account, like eating for free at a photo buffet. ”

In a September ruling, Judge Charles Breyer of the U.S. District Court for the Northern District of California said Instagram was not charged with copyright infringement because its embedding tool does not require that A website editor stores a copy of an image or video. , thus respecting the rule of the server of the ninth circuit.

Some of these feuds – and potentially new cases – over social media and the use of copyrighted images are expected to continue through 2022, as businesses, copyright holders and the courts continue to grapple with these issues.


Australian Open moves upmarket to make up for last year’s losses

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The Australian Open is trying to make up for the big losses it suffered last year with lucrative sponsorship deals and an expanded food and drink offering.

The tournament signed the Marriott hotel chain, re-signed luxury champagne house Piper Heidsieck and renewed existing deals with wine giant Penfolds, watchmaker Rolex and clothing brand Ralph Lauren.

It will also offer new off-court experiences at Melbourne Park for participants, including a new “Beach House” area with beach tennis, VIP champagne huts and a vodka bar.

The expansion of the Australian Open comes after Tennis Australia recorded a net loss of over $ 100 million for the year. Small crowds and an instant lockdown that barred fans from Melbourne Park for five days of last year’s Open contributed to those losses, as did expenses related to quarantining players and staff around the world. whole in hotels for two weeks.

Tennis Australia hopes to balance the books by serving dishes from top chefs, including Dave Pynt from Burnt Ends in Singapore who contributes to the Rockpool Bar & Grill menu, Shane Delia from Maha, in his super clubs, and with Ben Shewry, of Attica. , at the head of the Atrium Eatery and Bar.

Penfolds will offer a four-course dining experience at his restaurant, where he will serve his premium Grange wines.

Artist’s impression of the Piper-Heidsieck Champagne Bar at the Australian Open, which will feature floral installations by renowned florist Katie Marx.

Greta Cooper, Director of Premium Products and Experiences at Tennis Australia, said there had been “incredible demand” for catering packages, and she expected them to be nearly sold out before the start of the season. tournament.

“[It’s driven by] the confidence to come out of COVID. [Our] corporate and our premium experience guests did not have the opportunity to attend a major event, ”she said. “The full enclosure is open this year, and they have the confidence to come back and really enjoy the Australian Open.”


Worst pronunciation of 2021 including “Cheugy”, “omicron”, “Eilish”


The closed captioning company said it polled its members to generate the list, which is now in its sixth year and was commissioned by Babbel, a language learning platform headquartered in Berlin and New York.

“News presenters in the United States have struggled with the new words and names of 2021 while reporting on key sporting events, viral internet trends and emerging celebrities,” said Esteban Touma, comedian and teacher for Babbel Live.

“As a language teacher, it’s always interesting that some of these terms are usually new colloquialisms, or are rooted or borrowed from another language,” he said. “As a non-native speaker, I have to admit it’s fun to see English speakers stumble a bit for a change.”

Here’s how Touma breaks down the correct pronunciations for the most commonly mispronounced words:

– Cheugy (CHOO-gee): A buzzword popularized by Gen Z and used to poke fun at an outdated, old-fashioned aesthetic typically associated with Gen Y, like “Live, Laugh, Love” signs.

– Chipotle (chih-POHT-lay): The American fast food chain has become the center of a viral trend this year that challenges baby boomers to pronounce the name.

– Dalgona (tal-goh-NAH): a Korean treat made with melted sugar and baking soda, popularized in Netflix’s “Squid Game”. (Touma notes that some speakers seem to produce a “K” instead of the “G” in the middle syllable.)

– Dogecoin (DOHJ-coin): A divisive cryptocurrency that started out somewhat ironically before being popularized by Elon Musk, resulting in a dramatic increase in its value.

– Eilish (EYE-lish): Singer Billie Eilish, whose critically acclaimed album “Happier Than Ever” was released this year and nominated for Album of the Year at the Grammy Awards.

– Ethereum (ih-THEE-ree-um): Another cryptocurrency that has skyrocketed in value this year amid the decentralized currency boom.

– Ever Given (EV-er GIV-en): The name of the ship that blocked the Suez Canal in March, costing billions of dollars in lost trade. Many presenters confused the ship’s name with “Evergreen”, the name of the company that owns the ship, which was imprinted on its hull.

– Glasgow (GLAHZ-go): The host city of the United Nations Climate Conference in November was poorly pronounced by President Joe Biden and former President Barack Obama.

– Kelce (KELs): Philadelphia Eagles center Jason Kelce revealed on radio this year that his teammates and the media have mispronounced his name for years.

– Omicron (AH-muh-kraan / OH-mee-kraan): A new variant of COVID-19 first identified in November, named according to the World Organization’s Greek Letter Variant Identification System health. (Touma notes that it is pronounced differently in the US and UK)

– Shein (SHEE-in): The Chinese fast fashion company at the center of the “Shein haul” trend, in which attendees register trying on many different outfits from the company.

– Stefanos Tsitsipas (STEH-fuh-nohs TSEE-tsee-pas): Currently ranked world No. 4 in tennis, the Greek athlete rose to prominence on the international scene when he lost to Novak Djokovic in the Roland final -Garros in June.

– Yassify (YEAH-sih-fai): a popular trend in which several beauty filters are applied to well-known pictures or portraits for a comedic effect.


Israeli startup Browzwear partners with Fashion Snoops to change the fashion industry as we know it

The future of fashion is currently determined by different technologies that allow for more efficient production, better customer experience and more sustainable products. To adapt to these trends and the new digital revolution in the fashion industry, Browzwear and Fashion Snoops have teamed up, bringing together the key skills of both companies.

Who are they?

Browzwear: an innovative leader in the digital clothing revolution

Browzwear is a pioneer in 3D digital solutions for the fashion industry, driving seamless processes from concept to commerce. They use 3D solutions for apparel design, development and merchandising, so designers, brands and retailers can reduce iterations and samples, and get clothes to market before they’re even produced. Browzwear quickly adapts graduated clothing to any body model with precise and faithful replication of movements. Their 3D solution replaces the hassle of paper sketches, paper patterns and hand-sewn samples. This enables designers, developers, production and marketing teams to collaborate more effectively and create products to market faster than ever before. For manufacturing, the Browzwear Tech Pack provides everything needed to perfectly produce physical garments the first time and every step of the way, from design to production.

Credit: Browzwear

Fashion Snoops: a global trend forecasting agency with 20 years of experience

Fashion Snoops helps clients forecast trends in a variety of consumer markets, from fashion, accessories and home decor to beauty, wellness and media marketing. Their knowledge and tools inspire clients and allow them to streamline their creative process. To do this, they offer customers the opportunity to explore the fashion industry, from cultural influence to product innovation, to create conceptual charts and color palettes with easy-to-use tools, and to collaborate with other colleagues, suppliers and buyers for a co-creation workflow. to treat. Their heart-centered approach to forecasting takes advantage of cultural trends and is interwoven and supported by AI-enhanced tools, for the best and most accurate results. Their advice is tailored to clients,

enabling them to make clear and concrete decisions on how to promote and manage their business strategies.

The partnership: how it works and why it makes a difference for the industry

Ready-to-use 3D blocks, with key styles planned by Fashion Snoops, will be integrated into the Browzwear library. This will not only give designers a head start in creating successful fashion lines, but will also speed up the design process, as they can immediately do unique and endless iterations without needing to create a piece of clothing first. based. Basic clothing is often made in the Fast East, then sent back to businesses in the west, only to be sent back and thrown away; eliminating physical samples streamlines workflow and creates less waste.

Designers using Browzwear will have access to the cloud-based library’s 3D files, as will Fashion Snoops members. Likewise, they will have access to the trending intelligence reports that Fashion Snoops has for new block designs, as well as alternative design updates. Such features will inspire creative customization for new looks, while significantly empowering clients to work more efficiently. After all, according to Fashion Snoops Co-Founder, President and CCO, Lilly Berelovich, their goal is not only to give fashion companies the tools to stay on top of current and future trends and “styles” but also to “Introduce new ways to work more efficiently for customers ”.

Fashion Snoops and Browzwear partnership combines advanced 3D technology pervading the industry with deeper communication and understanding of customer needs. The idea behind the technology of the two companies working together is to sell more while manufacturing less and to shorten the entire end-to-end cycle, which increases both ecological and economic sustainability.

No meat please, we are British: now a third of us approve of the vegan diet | veganism


When the term “vegan” was first coined, even vegetarians thought it was a marginal way of life. But the image of vegans as eccentric ascetics is now itself a marginal view.

More than a third of people in the UK are interested in going vegan, according to a new survey which shows the number of people on plant-based diets has skyrocketed in the past two years. Thirty-six percent of UK adults think eating a vegan or plant-based diet is “an admirable thing to do,” the YouGov survey found.

The poll, carried out on behalf of the organization Veganuary, which encourages people to try veganism in January, asked 2,079 adults about their attitude towards giving up animal products.

YouGov found that 8% of those surveyed said they were already on a plant-based diet. Previous estimates of the proportion of vegans in the UK put the number much lower – in 2019, the Vegan Society estimated that 600,000 adults, or just over 1% of the population, were vegans. Market research group Kantar said last year that 1.9% of households include at least one vegan.

Veganuary is promoted with a movie ad campaign featuring Succession‘s James Cromwell, which debuted in around 500 theaters across the country today.

Toni Vernelli, of the Veganuary organization, said: “As more and more people realize the incredible impact of our food choices on our daily well-being and the health of our planet, attitudes to regard for vegan consumption are changing. It’s incredibly exciting to see a third of Brits now interested in trying a vegan or plant-based diet, something that would have been inconceivable just a few years ago. “

Veganism was born in 1944 when some members of the British Vegetarian Society requested a place in the group’s newsletter for people who also avoided eggs and dairy products.

James Cromwell of Succession fame is the face of a movie ad for Veganuary 2022. Photograph: Matt Baron / REX / Shutterstock

When the request was rejected, Donald Watson coined the term vegan and created a new quarterly publication with around 100 supporters, including George Bernard Shaw. He grew up slowly. In 2014, the Vegan Society was happy to announce that up to 150,000 people were vegans.

This was the starting point for what advocates call “the second wave of veganism”. Now every supermarket is dedicating space to its own plant-based ranges, vegan materials are entering fashion, and dozens of celebrities are embracing veganism. Cadbury followed food brands like Greggs by launching plant-based products – there is now a vegan Dairy Milk, with marzipan instead of milk. The Great British Cake Has been touring Vegan Week since 2018 and featured the first vegan contestant, 19-year-old Freya Cox.

Part of the change in attitude is due to availability and convenience. Companies making fake meat burgers and home meal deliveries have been backed by venture capital, meaning more than 50,000 products are now certified by the Vegan Society. Supermarkets have plant-based Christmas lines, while star chefs like Jamie Oliver list dozens of vegan recipes on their websites.

Yet although one in eight home-cooked meals is now vegan, according to Kantar, with less than two-thirds of meals now including meat, most people who eat plant-based meals are not just vegans. but flexitarians.

However, two-thirds of meals in the UK still involve meat or fish, and the first Covid lockdown in 2020 led to a boom in meat consumption, with turkey sales increasing 36% in 2020. This has resulted in higher meat prices and less availability of meat due to demand.

Another lockdown-induced change – the growing number of pet owners – has led to a boom in vegan pet food.

Judy Nadel and Damien Clarkson created The Pack last year and launched their first products in September.

“We could never have started this five years ago,” said Nadel. “We came up with the idea in 2018, but we knew we had to wait for the right time, because people have to make their own conscious decisions about their own lifestyle and diet before they start thinking about their pets. .

“I think the reason it got widespread is that there was an inclusive and non-judgmental approach, where people didn’t have to do it all at once and give up the meat,” a- she added. “Food, beauty and fashion innovations made the essay exciting. “

“I have been a vegan since 2013,” Clarkson said. “I had to stand up for myself at parties and social gatherings to explain why I was vegan, where I got my protein – I had to justify myself. I used to be ‘that guy, Damien, he’s a vegan’. I don’t understand this now because people have 20 or 30 friends who are vegans.


Iconic Selfridges Retail Group Sells Over $ 5 Billion | Business and Economy


The Central group and Signa will jointly own the chain which includes the Selfridges, Arnotts and Brown Thomas stores.

Through Bloomberg

The billionaire dynasty behind Selfridges & Co. sold the UK department store operator to a Thai-Austrian joint venture for around £ 4bn (£ 5.4m) in one of the largest deals in retailing in the UK for years.

The Weston family said Central Group, which is owned by Chirathivats, one of Asia’s richest families, and Austria’s Signa Holding, have formed a joint venture to buy the retail group. Central and Signa will own the channel in a 50-50 partnership, according to a statement Thursday evening London time.

The purchase price has not been officially disclosed but is around 4 billion pounds ($ 5.4 billion), according to two people with knowledge of the transaction who asked not to be named because the information is confidential . That makes it one of the 10 biggest acquisitions targeting a UK company this year, according to Bloomberg data.

Bloomberg previously reported that the Weston family were considering a sale following an interested party approach and appointed Credit Suisse as advisor in June.

Selfridges, founded in 1908 by Harry Gordon Selfridge, is best known for the giant Oxford Street store in London which has long been a mecca for fashion enthusiasts. There are also Selfridges stores in Manchester and Birmingham.

The Selfridges group will be part of the combined portfolio of luxury department stores Central and Signa [File: Bloomberg]

The company was bought by Canadian businessman Galen Weston for almost £ 600million in 2003 and has since expanded to include other department store chains including Arnotts and Brown Thomas in Ireland, Holt Renfrew in Canada and De Bijenkorf in the Netherlands. In total, the group operates 25 stores around the world through its five brands.

The sale to Central and Signa does not include Holt Renfrew, who will remain with the Weston family.

Central Group is a fourth generation family business involved in a multitude of industries ranging from real estate and retail to hotels and restaurants. The Chirathivat family had the 20th largest fortune in Asia, worth $ 12.9 billion, according to a ranking established in November 2020 by Bloomberg News.

Famous properties
Signa was founded by real estate and retail entrepreneur René Benko, who owns or holds stakes in some of the world’s most famous properties, including the Chrysler Building in New York City.

Trophy assets in the UK have generated interest even as retailing on major shopping streets suffers. The value of retail properties has declined in recent years and the industry has been hit by the pandemic and the shift to online shopping.

Selfridges is one of the most famous department stores in the world and has weathered the pandemic well. A considerable part of the retailer’s value lies in the significant portion of London real estate it owns on Oxford Street. This includes an undeveloped site at the back of the store where there were once plans for a hotel, leisure and office complex.

The Selfridges group will be part of the combined portfolio of luxury department stores Central and Signa, which owns Rinascente in Italy, Illum in Denmark, Globus in Switzerland and KaDeWe in Germany.

The founder of Selfridges was the subject of an ITV Studios and PBS television series that ran for four seasons until 2016. Called “Mr. Selfridge,” the series focused on the real story of the American. who started the business and with Jeremy Piven.


Western luxury brands strike risky pact with Chinese influencers – Jammu Kashmir Latest news | Tourism

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Wuzhong (China), November 24: French cosmetics giant L’Oréal suffered a huge retail crisis in China after two major social media influencers sold large quantities of the company’s face masks to consumers while wrongly claiming that it was the cheapest offer available anywhere.
Influencers Austin Li Jiaqi and Wei Ya regularly reach tens of millions of buyers during their two ecommerce live broadcasts, and the November 11 single day festival has become one of their most anticipated broadcasts.
This year, among the many products they each sold that evening was the allegedly special offer of lots of 50 L’Oréal masks for 429 Yuan (49.85 GBP).
But it emerged soon after that the same deal was available directly from L’Oreal for 258 yuan.
Li, known as the “lipstick king” of China for his ability to sell masses of products online, and Wei, a former pop star who rose to fame as the winner of the Chinese equivalent of Pop Idol, began to receive a large number of complaints from angry buyers.
The two influencers have apologized. After L’Oréal did not immediately announce that it would compensate those who bought the masks, influencers said they would no longer showcase the company’s products.
L’Oréal apologized and confirmed that it would pay compensation. In a statement, the company blamed its “overly complicated sales mechanism” and said it had “found a constructive and satisfactory solution to responding to recent customer complaints regarding the promotion of singles.”
The argument was not pleasant for anyone, but it shows how important influencers have become as luxury endorsers in China.
So how has the market changed and what does this mean for customers?

Changing the face of luxury retail

China is the world’s largest market for luxury goods, with Chanel, Dior, Cartier and Hermès among the country’s leading brands.
The market has done well during COVID. For example, large Hong Kong-based luxury goods retailer Chow Tai Fook announced an annual revenue increase of nearly 24% in its 2021 fiscal year, mostly from mainland China.
Luxury brands have traditionally relied on flagship stores in top shopping districts to connect with their customers. The number and size of stores has been steadily increasing in major shopping malls like Plaza 66 in Shanghai and SKP Beijing, where all the major luxury brands have large exterior facades and dazzling logo displays.
They also use historic buildings, such as the ones north of the Shanghai Bund waterfront district. But while physical stores remain important, most brands are looking to expand their reach online.
A big part of this is using the internet as a medium to communicate their relationships with celebrities.
Cartier, for example, invites Chinese movie stars to attend its promotional events.
These would include star actors like Tony Leung, and more recently actor Chang Chen and actor / singer Lu Han, who would be referred to as “good friends of Cartier” to underline the brand’s prestige through these connections.
But when Cartier tried to use social media to promote these celebrity attachments, consumers reacted badly.
I’ve read thousands of comments (in Chinese) from people ridiculing the watchmaker for calling their endorsers “friends”, claiming that it diminishes the importance of their favorite stars.
Most Chinese would say “guest” is a more respectful choice of word than “friend”.
Perhaps in part because of such experiences, luxury brands have turned to social media influencers to help them communicate their messages.
For example, Dior hired Angelababy, a famous actor and internet celebrity from Hong Kong, as a brand ambassador in 2017.
The relationship has continued to this day, with the actor appearing in virtual form at Shanghai Fashion Week in April.
Still, using Angelababy in this way has been questioned by Dior customers online, as she is an agent for the brand rather than an independent influencer.
This means that she is seen as not being able to speak on behalf of Dior customers and fans as she might have otherwise.

Unpredictable behavior

Much like celebrities, influencers have the additional problem that brands have no direct control over their behavior.
Whatever happened exactly in the case of L’Oréal and its influencers, for example, they haven’t been speaking in unison since the mask debacle.
When it comes to the dangers of individual behavior, the only consolation is that they can sometimes work in the brand’s favor. This happened to Dior, for example, when footage surfaced in which Angelababy was seen speaking on behalf of an actress during a meeting with pop star Kris Wu, who was later arrested on suspicion of rape in relationship with a separate incident.
Regardless, recent L’Oréal issues show that while influencers are potentially more objective moderators than traditional celebrities (especially if you don’t use them as brand ambassadors), online marketing presents always big risks.
In an age where millennials engage primarily online, an incident like the one with Li and Wei can spread quickly and stay in the minds of consumers far more than the glitzy marketing rhetoric that is pushed by luxury brands.
A fan exposed to a debacle like L’Oréal’s can become hostile overnight to the brand he loved.
Perhaps the ideal relationship between brands and influencers stems from Vogue China’s decision earlier this year to appoint famous 27-year-old blogger Margaret Zhang as editor-in-chief.
Although she never took any journalism training, she is well accepted by high fashion consumers, and her endorsement is now arguably one of the most valuable for brands in the industry. (The conversation)
(AGENCIES)


Morocco and Switzerland strengthen their cooperation in the textile sector thanks to an agreement


The Swiss Federal Council and Morocco recently signed an amendment extending the agreement of the Global Program for Textiles and Clothing (GTEX), signed in November 2018. It was signed during a ceremony chaired by the Moroccan Minister of Industry and Commerce Ryad Mezzour and Swiss Ambassador to Morocco Guillaume Scheurer.

The amendment is part of the Specific Agreement for the implementation of GTEX in Morocco for the period 2019-2021.

The Swiss Federal Council has contributed $ 1.8 million to the program since its inception.

The Swiss Federal Council and Morocco recently signed an amendment extending the agreement of the Global Program for Textiles and Clothing (GTEX), signed in November 2018. The amendment was signed during a ceremony chaired by Ryad Mezzour , Moroccan Minister of Industry and Trade, and Guillaume Scheurer, Swiss Ambassador to Morocco.

The new amendment suggests an additional budget granted to Morocco to cover the activities planned for the period 2022-2023. The Moroccan government will allocate 10 percent of this amount to cover the logistical and management aspects of the project.

This program aims to improve the competitiveness of the textile and clothing sector, according to a Moroccan daily.

Fibre2Fashion Information Office (DS)


Television and Film Products Market Expected to Record Growth of $ 79.07 Billion | Projection CAGR of 8.77% through 2025

NEW YORK, 23 December 2021 / PRNewswire / – The Global Television and Film Products Market Expected to Grow $ 79.07 billion between 2020 and 2025, accelerating to a CAGR of 8.77% during the forecast period. The market is segmented by product (clothing, toys, accessories, video games and others) and by geography (North America, Europe, APAC, South America, and MEA). The report provides detailed information on the performance of the vendors in terms of revenue generation, market position, product launches, and customer base, among others.

Attractive Opportunities in Television and Film Product Market by Product and Geography – Forecast and Analysis 2021-2025

Purchase our comprehensive report on Television and Motion Picture Products Market for a comprehensive analysis of recent developments, new product launches, major revenue generating segments, and market behavior across all geographies.

Read our free sample report before buying.

Key Points from the Television and Film Merchandise Market Research

  • The market size for television and film products will increase by $ 79.07 billion at 8.77% CAGR between 2020 and 2025

  • Annual growth of 8.08% expected in 2021

  • 44% original market growth North America during the forecast period

  • Apparel segment accounted for maximum market growth in 2020

  • Dominant vendors include 41 Entertainment LLC, Aardman Animations Ltd., Amazon.com Inc., Charter Communications Inc., Comcast Corp., CPLG Ltd., Indieflix Inc., Sony Corp., The Walt Disney Co. and Wrestling Entertainment Inc.

Television and film products market: drivers and constraints for growth
The market for television and film products is driven by the growth of e-commerce platforms. The global e-commerce industry has experienced significant growth in recent years. Additionally, the spread of the COVID-19 pandemic has forced consumers around the world to purchase products online. The growth of the industry allows retailers to expand their businesses into new geographies, explore new markets and eliminate middlemen. This is essential for the demand and supply of television and film products, as many authorized sellers and agents can respond to consumers directly through online platforms. Likewise, consumers can directly purchase television and film products through e-commerce websites. All of these factors are driving the growth of the global television and film products market.

“Although the increase in the number of mobile apps and the success of TV shows and movies will further drive market growth, uncertain economic conditions, seasonality of merchandise sales, and piracy or rights infringement issues. copyright could reduce growth opportunities for market players, ”says a Technavio analyst.

The Television and Motion Picture Merchandise Market report answers questions such as:

  • Is the market structure fragmented or concentrated?

  • What was the market size in 2020 and the forecast of the television and film products market to 2025?

  • What are the best segment sectors to invest in during the forecast period?

  • What is the market share of the dominant and powerful suppliers in the television and film products market?

  • What are the latest trends and regulatory frameworks in the television and film products market?

Get all your questions answered in our comprehensive report.

Gain confidence in Download our free sample report

Associated reports:
Online Grocery Delivery Services Market by End User and Geography – Forecast and Analysis 2021-2025

Digital Retail Marketing Market by Type, Platform and Geography – Forecast and Analysis 2021-2025

Scope of the television and film products market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 8.77%

Market growth 2021-2025

$ 79.07 billion

Market structure

Fragmented

Annual growth (%)

8.08

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 44%

Main consumer countries

United States, China, United Kingdom, Germany and India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

41 Entertainment LLC, Aardman Animations Ltd., Amazon.com Inc., Charter Communications Inc., Comcast Corp., CPLG Ltd., Indieflix Inc., Sony Corp., The Walt Disney Co. and Wrestling Entertainment Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing … See our market overview for TV and film products to unlock the table of contents

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

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SOURCE Technavio

Sweat in style with these flattering pocket leggings from Everlane


Us Weekly has affiliate partnerships, so we may receive compensation for certain links to products and services.

We’ve been on a lifelong quest to find the perfect pair of workout leggings. Our dream design is flattering, functional and forward thinking. Since we wear leggings in everything from races to treadmill running, it’s important to find a style that can do it all. A high waist is a must, and bonus points if there are pockets included. Most of the yoga pants we tried on failed us, but we still have hope.

Today is our lucky day! After years of research, we’ve finally found leggings that tick all of our boxes: lightweight compression, sweat-wicking fabric, and a flattering fit. In addition, there are pockets! We just hit the athleisure jackpot. Read on to buy the holy grail of Everlane leggings.

Everlan

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Get the Perform Pocket Leggings for only $ 68 at Everlane!

The Perform Pocket Legging is a new and improved version of Everlane’s best-selling leggings, made from the same high-end performance material. These high waisted pants feature leg length seams for a slim silhouette and side pockets for extra storage on the go. Available in sizes XXS-XXL, this popular style comes in black, charcoal, purple, blue, and dark green. According to Everlane, these pants provide high coverage for light and moderate activity. Get moving in these supple leggings!

Reviews for the Perform Pocket Legging read like praise for a blockbuster movie – it’s a hit! “Compliments all week while wearing them,” commented one customer. “Great compression, gorgeous color, incredible value. A ++. Another customer said: “Favorite leggings. Pretty high waist, smooths bumps, machine washable and pocketable. The fabric feels good. Beautiful, rich colors. And this client said, “These are great leggings – they stay put, the pockets are nice and deep but are unobtrusive, so they blend in nicely with the other details, and the material is light and soft. I also loved the shape they gave me!

green leggings
Everlan

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If you are wondering how these leggings compare to similar styles on the market, check out this review: “I own 100 black leggings and these are the best,” said one satisfied buyer. “They stay put, thin but not see-through, work for high aerobic activity but also comfortable enough for lounging. Basically the only pants I’ve worn in a year. I own the world’s supply of black leggings from all brands and these are the best.

These Everlane leggings are truly a versatile basic. Add a sports top for a workout or a stroll around the neighborhood, or slip on a loose sweatshirt and sneakers if you run errands. You don’t even need to bring a handbag since these pants are equipped with pockets to store all your essentials! See what it’s all about with the Perform Pocket leggings.

See it! Get the Perform Pocket Leggings for only $ 68 at Everlane!

Not your style? Check Out More Sportswear Here and Shop All Other Everlane Women’s Clothing Here!

This article is brought to you by the Shop With Us team at Us Weekly. The Shop With Us team aims to highlight products and services that our readers might find interesting and useful, such as face masks, self-tanners, Lululemon style leggings, and all the best gifts for everyone in your life. . The selection of products and services, however, is in no way intended to constitute an endorsement by Us Weekly or any celebrity mentioned in the post.

The Shop With Us team can receive products from manufacturers for free to test. Additionally, Us Weekly receives compensation from the manufacturer of the products we write about when you click a link and then purchase the product featured in an article. This does not determine our decision as to whether a product or service is featured or recommended. Shop With Us operates independently of the advertising sales team. We appreciate your feedback at [email protected] Good shopping!


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Industry trends, share, size, growth report – mainlander.nz

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According to the latest report from the IMARC group, entitled “GCC Personal Luxury Goods Market Trends: Industry, Share, Growth, Opportunity and Forecast 2021-2026 ”, The GCC personal luxury goods market has shown moderate growth during the period 2015-2020 and is expected to recover from 2021 and grow at a CAGR of around 5% during (2021-2026).

Personal luxury goods include a wide variety of high-end and high-end items, such as clothing, watches, jewelry, cosmetics, bags, fashion accessories, etc. These branded products have premium materials, superior craftsmanship and high aesthetic value. They are generally very expensive and offer improved durability with an extended warranty period. In the GCC region, increasing globalization and increasing penetration of international luxury brands are driving the growth of the market.

Like the new coronavirus (COVID-19[FEMININE)[FEMININE) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.

GCC Personal Luxury Goods Market Trends:

Rising consumers’ standard of living and increasing levels of disposable income have increased the demand for personal luxury goods in the GCC region. In addition, the growing traction for western fashion trends as well as the growing population of working women is also catalyzing the demand for the products. The expanding tourism industry, particularly in Dubai and the United Arab Emirates, along with relaxed trade barriers with several developed countries, are further stimulating the market. On top of that, the growing popularity of limited capsule collections and fashion drops have also catalyzed the second-hand luxury goods market. In addition, the increasing expenditure of various platforms to authenticate proceedings through several innovative technologies aimed at mitigating the risk of product replication by counterfeiters is expected to further stimulate the GCC personal luxury goods market in the coming years.

Request a free sample report: https://www.imarcgroup.com/gcc-personal-luxury-goods-market/requestsample

GCC Personal Luxury Products Market Analysis and Segmentation 2021-2026:

Competitive landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.

Burberry Group PLC, Chanel SA, Estee Lauder Companies, Giorgio Armani SpA, Kering SA, Loreal, LVMH Moët Hennessy Louis Vuitton SE, Mulberry Group PLC, Prada Group, Cie Financière Richemont SA, The Swatch Group and Versace.

The report has segmented the market on the basis of region, type, gender, and distribution channel.

Breakdown by country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Breakdown by type:

  • Accessories
  • Clothes
  • Watch & Jewelry
  • Luxury cosmetics
  • Others

Breakdown by sex:

Breakdown by distribution channel:

  • Single-brand stores
  • Specialty stores
  • Department stores
  • Online stores
  • Others

Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://bit.ly/3qhXrx6h

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, competitive landscape etc. Click request free sample report, the report will be emailed to you in PDF format within 24-48 hours after payment confirmation.

Related IMARC Group Reports:

Energy Harvesting System Market Report 2021-2026: Industry Trends, Share, Size, Growth and Forecast

Bunker Fuel Market Share, Size, Growth and Forecast By 2021-2026

Global More Electric Aircraft Market 2021 | Industry Insights, Share, Size, Growth, Trends And Forecast 2026

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Highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

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FTSE 100 drops in early trade as Rio Tinto leads miners lower


FTSE 100 drops in early trade as Rio Tinto leads miners lower

0902 GMT – The FTSE 100 index drops 0.2% at the start of trading, dragged down by heavyweights from mining and oil companies. Rio Tinto is the biggest slaughterer, down 1.5%, after agreeing to buy Argentina’s Rincon lithium project from Rincon Mining for $ 825 million. Other miners are following suit, with BHP down 0.8% and Anglo American down 0.5%, as slightly lower oil prices weigh on oil inventories. Gains by real estate and pharmaceutical companies are helping to temper the losses of the FTSE 100, however. Swissquote. ([email protected])

 
Companies News: 

UK watchdog says Taylor Wimpey agreed to remove doubling conditions from land rent clauses

The Competition and Markets Authority said on Wednesday that home builder Taylor Wimpey PLC was removing ground rent doubling terms from leases after receiving enforcement action in September 2020.

Pennon says UK competition regulator to continue review of phase 2 deal for Bristol Water

Pennon Group PLC said on Wednesday that the UK Competition and Markets Authority has confirmed its intention to continue a Phase 2 merger review regarding the company’s acquisition of Bristol Water Holdings UK Ltd.

Land Securities acquires additional 25% stake in Bluewater shopping center for £ 172million

Land Securities Group PLC said on Wednesday it had acquired an additional 25% stake in Bluewater Shopping Center for 172 million pounds ($ 228.2 million).

Parsley Box shares fall on Outlook warning on Omicron variant

Shares of Parsley Box Group PLC fell on Wednesday after the company warned of its ability to continue to manage customer service levels due to the effects of the Omicron variant, although it also said it expected growth in annual results.

Anglo American says De Beers’ 10th round rough diamond sales were $ 332 million

Anglo American PLC said on Wednesday that rough diamond sales for De Beers’ 10th sales round in 2021 were $ 332 million.

Croda International to sell majority of performance technologies and industrial chemicals for € 915 million

Croda International PLC announced on Wednesday that it has signed a definitive agreement with Cargill Velocity Holdings Ltd. to sell the majority of its Performance Technologies and Industrial Chemicals businesses for an enterprise value of 915 million euros ($ 1.03 billion).

Good Energy shares fall after another £ 3million blow to fiscal 2021 is expected

Shares of Good Energy Group PLC fell on Wednesday after the company said it expects an additional £ 3million ($ 4.0million) impact on its fiscal 2021 results due to adverse weather conditions.

K3 Business Technology 2H Performance in line with expectations

K3 Business Technology Group PLC said on Wednesday that its performance for the second half of fiscal 2021 was in line with management expectations, driven by strong fashion and apparel business.

Camellia Sees Better Underlying 2021 Pre-Tax Profit than Market View

Camellia PLC said on Wednesday that it expects underlying pre-tax profit for 2021 to be significantly higher than market expectations due to improving margins for a number of its farm businesses and tough measures. cost reduction.

Avacta Group obtains CE mark for Covid-19 antigen test; Rise in shares

Shares of Avacta Group PLC rose on Wednesday after the company said its Covid-19 antigen lateral flow test was CE marked for use as a consumer self-test in the UK and the European Union.

Scotgold Resources pre-tax loss for fiscal 2021 widened; Speed ​​up production

Scotgold Resources Ltd. said on Wednesday its pre-tax loss for fiscal 2021 had doubled as the company ramped up production at its Cononish gold and silver mine in Scotland.

 
Market Talk: 

UK remains one of the hardest hit economies in the G-7

0901 GMT – Even before the emergence of the Covid-19 Omicron variant, the UK economy was struggling to fully recover, said Gabriella Dickens, senior UK economist at Pantheon Macroeconomics. The 1.5% of GDP deficit from its peak in Q4 2019 remains one of the largest in the G-7, as it is lower than Germany’s 1.0% deficit or 0.1% deficit % in France, according to Dickens. Omicron is hitting the economy hard and now Pantheon expects quarter-over-quarter GDP growth to drop to 0.6% in Q4 and 0.0% in Q1 2022, largely due to a contraction in the production of certain consumer services. “Even without Omicron, the economy will still have struggled to gain momentum,” Dickens said. ([email protected])

UK 10Y Gilts Yields Stable Despite Downward Revision to 3Q Growth

08:36 GMT – UK borrowing costs over a 10-year period continue to trade at their highest levels since early December, as a second official estimate shows growth slowed in the third quarter of This year. Gross domestic product rose 1.1% revised in the third quarter, down from the previous estimate of 1.3% and below expectations for a stable reading. “The downward revision of GDP in the third quarter means that the economy has had a little less momentum towards the latter months of the year than we previously thought,” said Bethany Beckett, UK economist at Capital Economics . GDP growth also appears to have slowed in the fourth quarter as Omicron infections weigh on business, she said. The yield on 10-year gilts is trading at 0.773% from 0.776% on Tuesday, according to Tradeweb. ([email protected])

 

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at [email protected]

(END) Dow Jones Newswires

December 22, 2021 04:21 ET (09:21 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


AP Møller – Mærsk A / S expands contract logistics


ANNOUNCEMENT

AP Møller – Mærsk A / S expands contract logistics capabilities with the acquisition of LF Logistics Holdings Limited, one of the leading omnichannel fulfillment contract logistics companies in Asia Pacific.

Today, AP Møller – Mærsk A / S (Maersk) announces that it has entered into an agreement to acquire 100% of the shares of LF Logistics Holdings Limited (LF Logistics) in an all-cash deal. LF Logistics is a well-established omnichannel fulfillment contract logistics company with a strong position in Asia-Pacific. The acquisition will further strengthen Maersk’s capabilities as an integrated container logistics company, providing its customers with comprehensive end-to-end supply chain solutions.

LF Logistics is a Hong Kong-based private company owned by Li & Fung (78.3%) and Temasek Holdings (21.7%) that focuses on providing contract logistics solutions to clients in the organized Asia-Pacific region. through two key business units: In-Country Logistics (ICL) and Global Freight Management (GFM).

In addition to the LF Logistics acquisition agreement, Maersk will enter into a strategic partnership with Li & Fung to develop logistics solutions. In addition, Li & Fung’s parent company is expected to retain and continue to develop the separate GFM business once the transaction is finalized.

The enterprise value of the transaction is $ 3.6 billion, including post-IFRS 16 lease liabilities, reflecting a pre-synergy EV / EBITDA multiple of 14.4x based on Estimated EBITDA for the year 2021 for the ICL activity. In addition, a earn-out with a total value of up to US $ 160 million linked to future financial performance has been agreed as part of the transaction.

Since the creation of LF Logistics in 1999, the company has considerably extended its geographical presence and today operates within the ICL activity an extensive network of 223 warehouses with a capacity of 2.7 million square meters and approximately 10 000 employees in 14 Asia-Pacific countries. The ICL business is a key supply chain partner for many multinational client brands in verticals such as fashion and lifestyle, retail and fast-moving consumer goods markets. Asia-Pacific.

For the full year 2020, LF Logistics achieved revenues of approximately US $ 1.3 billion and post-IFRS 16 adjusted EBITDA of approximately US $ 235 million, the ICL business generating revenue of approximately US $ 850 million and post-IFRS 16 adjusted EBITDA of approximately US $ 230 million. For the full year 2021, the ICL business is expected to show revenue of approximately $ 1 billion with a post-IFRS 16 adjusted EBITDA of approximately $ 250 million.

Page 1 of 2

The acquisition will strengthen Maersk’s logistics and service offerings to its customers within ‘Fulfilled by Maersk’, as it will create a strong value proposition for customers targeting the fast growing Asian consumer segment, adding the footprint of LF Logistics and industry-leading capabilities in omni-channel execution. solutions, e-commerce and ground transportation in Asia-Pacific markets. In addition, LF Logistics also brings a unique technological platform.

The combination of Maersk and LF Logistics activities will unlock substantial business synergies arising from the cross-selling of LF Logistics order fulfillment products to Maersk customers and the cross-selling of Maersk logistics services within “Managed by” and “Shipped by Maersk” to LF Logistics customers. In addition, minor cost synergies are expected from the merger of the two activities. Based on organic growth and synergies, the ICL business is expected to more than double its revenue and EBITDA by the end of 2026. Transaction costs and one-off costs associated with the transaction are estimated at around $ 80 million and will be completed in 2022/23.

The acquisition is subject to regulatory approvals and the transaction is expected to close in 2022. Until closing, Maersk and LF Logistics will remain two separate companies.

Maersk invites investors and analysts to participate in a conference call today at 9:00 a.m. CET where Søren Skou (Group CEO), Patrick Jany (Group CFO) and Vincent Clerc (CEO of Ocean & Logistics ) will present the transaction and the strategic rationale. A presentation will be available on the Maersk investor site (investors.maersk.com) prior to the conference call.

Copenhagen, December 22, 2021

Contact people:

Head of Investor Relations, Stig Frederiksen, tel. +45 3363 3106

Head of External Relations, Signe Wagner, tel. +45 3363 1901

Page 2 of 2


OneRepublic to headline Las Vegas Winter Market kickoff celebration

OneRepublic will be performing at the Las Vegas Market in January.

The Las Vegas Market, which runs January 23-27, 2022, will host a JuniperMarket-sponsored special edition of its Market Launch celebration with an exclusive, free concert by US pop rock group OneRepublic on Sunday, January 23, 2022.

“As the industry comes together again, we have a lot to celebrate, including the expansion of cross-category resources in the Las Vegas market and the launch of JuniperMarket,” said Bob Maricich, CEO of International Market Centers (IMC) . “We are excited to mark this omnichannel IMC milestone and thank our Las Vegas market participants for their continued support with a concert as we kick off Market Week. “

Grammy-nominated OneRepublic will perform many of its global hits such as “Counting Stars”, “Apologize” and “Run”.

The Las Vegas Winter Market Kickoff Celebration Event will be held outdoors on Sunday, January 23, 2022 at 6:30 p.m. in front of the newly constructed Expo. Thanks to the sponsorship of JuniperMarket, the concert is a free private event open exclusively to market participants. Additional details about the event are available at LVMKT.com/OneRepublic.

JuniperMarket is a new IMC-powered B2B e-commerce marketplace that will launch in early January in the gifts, home, furniture and apparel industries. Buyers can register with JuniperMarket when they register at the Las Vegas Marketplace or onsite at the JuniperMarket Experience Center and interested brands can learn more about selling on the digital platform in the Juniper Showroom. on C1. Las Vegas Market shoppers can explore tools to simplify wholesale shopping during a session hosted by JuniperMarket, “Bringing Your Digital Business – It’s Easier Than You Think,” Sunday, Jan. 23 at 3 p.m. ET.

“Las Vegas market buyers and sellers are excited about JuniperMarket – as we’ve tested it better over the past few months, the response has been really positive,” said Bill Furlong, CEO of Juniper. “We are proud to celebrate the official Las Vegas-style launch of JuniperMarket by sponsoring incredible entertainment for all market participants. “

H&M and Kate Sylvester drop sustainability claims after Consumer NZ investigation


Christmas shoppers are advised to be wary of clothing brands that claim their clothing has sustainability certifications.

A Consumer NZ investigation into sustainable fashion claims led four brands – H&M, Kate Sylvester, Maggie Marilyn and Ruby – to drop their claims after being unable to back them up.

Four other brands were also identified as not respecting the labeling rules.

Gemma Rasmussen, head of communications and campaigns at Consumer NZ, said she claims certification, the fabric itself must be certified and the garment must also be made in a certified factory.

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Retailers are also required to display license numbers to help consumers know they are getting the genuine item.

Retail giant H&M has removed sustainability claims from its website after an investigation by Consumer NZ.  (File photo)

Getty Images

Retail giant H&M has removed sustainability claims from its website after an investigation by Consumer NZ. (File photo)

“Retailers have a responsibility to make sure their sustainability claims pile up. If they don’t, they risk misleading consumers, ”said Rasmussen.

Maggie Marilyn and Ruby advertised clothes made from fabrics certified by the Global Recycled Standard (GRS). This certification means that the garment contains at least 50 percent recycled content and comes from an accredited supplier and manufactured in a certified factory.

After asking everyone to justify their certification claims, Consumer NZ discovered that the clothing was not made in a certified factory.

Glassons and Juliette Hogan also advertised clothing made from “GRS certified” fabrics, but did not include a license number. Juliette Hogan withdrew her claims after Consumer NZ’s investigations.

Glassons also promoted products made from materials certified by the Organic Content Standard (OCS) and the Global Organic Textile Standard (GOTS). However, the clothing tags did not show a license number.

Both standards have two certification systems that identify a minimum percentage of organic fiber content. Retailers applying for certification under any of these programs must also display license numbers that allow a customer to verify if the product is verified against a database.

Glassons CEO Stuart Duncan said product labeling was “very complex” and “the consumer should not be misled”. Glassons was in the process of changing the labels, he said.

Retail giant H&M said on its website that almost all of its “newborn clothes are 100% organic” and are OCS or GOTS certified.

To make sustainability certification claims, clothing must be made from certified fabrics and in a certified factory, says Consumer NZ.

UNSPLASH

To make sustainability certification claims, clothing must be made from certified fabrics and in a certified factory, says Consumer NZ.

When asked by Consumer NZ to provide license numbers and transaction certificates, H&M refused. He subsequently withdrew his requests for GOTS certification.

Fashion label Karen Walker website said 49% of the retailer’s clothing line is made from GOTS certified cotton. However, a spokesperson said he did not have permission to make the certification requests and subsequently deleted them.

Kate Sylvester has also marketed several T-shirts as “100% GOTS Certified Organic Cotton”.

One of the advertised t-shirts was produced in collaboration with Mindful Fashion New Zealand. Although the fiber and yarn were purchased from GOTS suppliers, they were ribbed, cut, and fabricated in facilities that did not have accreditation.

The remainder of the shirts had been purchased as blank finished goods from a GOTS supplier, but designs were printed on them at an unaccredited facility. The brand subsequently withdrew its claims.

Tips from Consumer NZ for spotting sustainable fashion items:

The best way to protect yourself from the “green” hype is to look for specific claims and supporting evidence.

Look for details like a certification license number. If it has one, you can use it to check the affected plan’s database.

If you think a company’s claim about sustainable clothing is misleading, report it to the Trade Commission.


Why are luxury brands flocking to Metaverse?

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The internet’s metaverse vision is far from reality, but luxury brands from Ferrari to Nike are already rushing to experiment and build audiences, in part out of fear of missing out. The clamor over virtual goods comes amid feverish predictions that the metaverse – a virtual reality version of the internet – will eventually replace today’s web.

But some virtual worlds, for example the Fortnite and Minecraft games or the Roblox platform, are already open for business.

Why are luxury brands flocking to Metaverse?

“I think a lot of it is experimentation,” said Ryan Mullins, founder of the virtual sneaker app Aglet.

“If it turns out that we’re making a couple thousand dollars or something… great, but I think a lot (of companies) think ‘innovate, disrupt or die’,” he added, echoing a philosophy of Silicon Valley sometimes brutal evolution.

Fashion has been at the forefront, with a digital clothing line from Uniqlo on Minecraft or Balenciaga outfits and sneakers available on Fortnite. Designers are also entering the new realm of NFTs – non-fungible tokens that are unique digital objects such as drawings or animations.

“This represents a huge opportunity for brands, who will enter early and be able to build a persistent presence … on a truly global scale,” said Christina Wootton, vice president of partnerships at Roblox.

Welcome to “Nikeland”

During the Halloween holiday, Mexican fast food chain Chipotle opened a virtual, pop-up restaurant on Roblox, the first of its kind. The brand offered coupons to get a free burrito in a real restaurant, but also virtual costumes to dress up your avatar and a treasure hunt.

In July, Ferrari launched a replica of its new model 296 GTB with Fortnite, which will not be available in the real world until 2022 but could be driven in the game. Nike had already opened “Nikeland”, a virtual showroom. on Roblox, and announced on Monday that it had purchased digital sneaker company RTFKT – pronounced “artifact.”

For businesses that exist primarily in the physical world, the concept of the metaverse is first and foremost a giant laboratory with direct pathways to the young population sought after by advertisers.

“The revenue will come in if this thing persists, but we want to make sure that our brand is in these early environments,” said Mullins of Aglet. As Roblox’s first restaurant, Chipotle said he sees future “opportunities to directly drive sales.”

The metaverse is also a wealth of data, offering valuable insight into the perception of a product, even if it doesn’t yet exist in the real world. To fully master the environment in which the brand is introduced, some companies like Louis Vuitton have created their own version of the metaverse.

To celebrate its 200th anniversary, the brand launched “Louis the Game” in August, which includes an NFT hunt by digital art pioneer Beeple.

‘Authentic’ in the metaverse

However, since there is no unified platform yet, users cannot transfer a Gucci bag purchased on Roblox to other games like Sandbox or Animal Crossing.

This is one of the priorities of Mark Zuckerberg, who heads the parent company of Facebook which was renamed “Meta” in October to signal the change in metaverse of the platform. Since the world’s leading social network unveiled its ambitions, “things have accelerated even further,” said consultant Cathy Hackl, who has been contacted by many brands seeking metaverse advice.

“Not all brands need to jump in the metaverse,” she said, noting, however, that companies at least need to know about it. Unless companies are building their own virtual world, they will have to follow the codes of each platform they appear on.

“It’s about showing up and trying to be authentic in space,” Mullins said.

________________________________________________________________________________________________

Images of heroes and features by Epic Games. The story is published via AFP Relaxnews


Visa: remittance network drives financial inclusion


Amid the great digital shift, subsets of financial services remain problematic due to decades-old, friction-filled and fragmented processes.

Ruben Salazar, global head of Visa DirectKaren Webster told Karen Webster in an interview that cross-border remittances are one of those payment services that have always been frustrating. These payments and the process that supports them have been limited primarily because they were built decades ago to meet the physical need of senders and recipients to send and collect money.

But that was before the digital transformation of payments and the global explosion of mobile technology that made digital wallets commonplace. The global remittance business is evolving from a strategy based solely on cash-centric networks to a network-of-networks strategy, making streamlined interactions on the global stage more efficient and less expensive – and driving the financial inclusion in the process.

Eliminate friction and frustration

Salazar said he had first-hand experience using these networks to send money to his family in El Salvador from the United States earlier in his career. These transactions were traditionally enabled on both sides by a fragmented list of physical agent networks – located in storefronts, hidden in supermarkets, post offices and even banks.

Paper processes, multiple documents and even phone calls were the norm. Salazar gave an overview of some of the stages. Wait until an agent with a special terminal is in place to enter the data, then take the money. Wait for a withdrawal code to be received, which then had to be given to the recipient so that they could withdraw the money.

The recipient on the other end then had to go to another supermarket, storefront, or bank with that code to collect the money – and often not the same day it was sent.

This process varied from country to country; each market had its own networks based on agent contracts and proximity to large concentrations of receptors. There was some overlap but nothing came close to uniformity. Prices were not well understood by senders or recipients.

“There is no single business model, there is no single network,” Salazar explained.

The scale of global P2P

To get a feel for the global scale of cross-border payments, remittances, which are only part of the story, provide a startling insight. Consider the fact that 800 million people around the world receive money from their families abroad to pay for their necessities. Remittances make up a significant portion of gross domestic product (GDP) in developing countries – 4% on average, according to the International Monetary Fund (IMF).

PYMNTS research, carried out in collaboration with Stellar, found that consumers want change – better, faster, and cheaper digital remittances.

Read more: Almost 25% of U.S. cross-border remittances use crypto

Seventy percent of U.S. consumers who send money to families across borders and pay fees to do so want more transparency, affordability, and speed. Visa has found that digital remittances are the preferred method, where 59% of fund users surveyed said they have sent or plan to send money using digital-only platforms.

There is some urgency here, as data shows 32% of remittances go to friends and family in need.

“It can be an emotional transaction,” Salazar said of the remittances.

Promote “digital inclusion”

Salazar said that Visa Direct’s platform is intended to create a single, real-time network using debit card credentials (billions) and direct access to the bank account to transfer money digitally and directly between senders and recipients. He highlighted the 2019 acquisition of the Earthport cross-border payments network, through which Visa can reach 2 billion bank accounts in addition to bank accounts accessible using debit cards that run through Visa’s debit rails.

At the time the Earthport deal was announced, as PYMNTS reported, Bill Sheley, then head of global push payments at Visa, said Earthport’s capacity would help move Visa “beyond card “and expand its scope to include an account-disbursement model (A2A).

See more : Why Visa put Earthport in its orbit

For Visa and those who send and receive money across borders, any wallet and entry is capable of transacting on its network.

“It doesn’t matter if you’re in a Visa ID or in a bank account, or whatever value there is in that wallet, we can ‘land’ the transaction,” Salazar said, adding that at a high level, any wallet digital exists as an endpoint on Visa’s acceptance network, capable of receiving digital payment, enabled by its network of networks capabilities.

“So we are a long way from the days when accessing banking services meant being issued with a tangible plastic card linked to a traditional checking or credit account,” he said.

New models and new possibilities

Banks can offer real-time remittances simply by allowing their account holders to leverage the payment credentials they already have with the bank. Salazar pointed to the news in recent weeks, for example, in which Canadian bank CIBC announced that it had expanded its global money transfer functionality with Visa Direct, with funds transferred directly, in real time, to Visa credit and debit cards in over 80 countries. Qatar Islamic Bank has launched the Visa Direct money transfer service to transfer money abroad in real time as well.

The seemingly eternal question is still in place: what about crypto? PYMNTS data shows that nearly a quarter of all U.S. consumers making cross-border peer-to-peer (P2P) payments have sent funds using cryptocurrency using mobile wallets.

Salazar said cryptos still present a “last mile” problem in terms of converting cryptos to fiat on either side of transactions. But these new technologies, all new capabilities and new players can also help accelerate the digital transition to real-time, cross-border digital remittances. Visa’s goal, he said, is to enable senders and recipients to send money to their loved ones in the most efficient and secure way possible.

“Every available ID can be used to provide cash,” said Salazar, without the need to create a whole new network “online or in a face-to-face environment”.

——————————

NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

On:More than half of American consumers think biometric authentication methods are faster, more convenient, and more reliable than passwords or PINs, so why are less than 10% using them? PYMNTS, working with Mitek, surveyed over 2,200 consumers to better define this perception gap in usage and identify ways in which businesses can increase usage.


Bangladesh Outperforms China, Vietnam In Growth Of Clothing Exports To US

Bangladesh outnumbered China, Vietnam and Indonesia in garment export growth to the United States in January-October this year, with many U.S. buyers shifting orders to the supplier country of the three competitors. who experience production interruptions.

Bangladesh, which now ranks third in RMG’s exports to the United States, recouped $ 5.7 billion from the destination in the first 10 months, up about 27 percent from the country’s revenue. same period in 2020, according to the Office of Textiles and Apparel (Otexa).

Chinese exports to the US market amounted to $ 16 billion with growth of 25%, followed by Vietnam by 14% and Indonesia by 10%.

In contrast, four of the other six major US suppliers grew faster than Bangladesh.

Industry insiders say garment manufacturers in Bangladesh have received an additional flow of work orders due to a drastic drop in output at Chinese factories fueled by energy shortages and disruption in the supply chain. supply caused by a pandemic in Vietnam and Indonesia.

“Our apparel exports to the US market have grown steadily and many US buyers are now turning to us,” Mohammad Hatem, executive chairman of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told The Business Standard.

The demand for supplies from buyers from Western countries accelerated further. Thus, exports will increase even more in the coming months, he said.

With the resumption of economic activity in the United States after the pandemic situation took a turn, Americans began to release pent-up demand, especially for clothing and footwear.

Dr Mohammad Abdur Razzaque, president of Research and Policy Integration for Development, said that as the pandemic receded, Americans with cash incentives from their government began spending on things, like clothes, which they were private. Thus, the country’s imports have marked a sharp increase.

In January-October, the United States imported nearly $ 67 billion in clothing, up 24% from the same period a year ago, according to data from Otexa.

China’s clothing exports to the United States could halve over the next five to ten years, opening up an opportunity for Bangladesh to take a larger share in the larger market, noted Abdur Razzaque.

If Bangladesh keeps production costs under control by making it easier to do business, it will gain an advantage over Vietnam, which is set to wage a bitter struggle.

Mr. D. Shahidullah Azim, executive chairman of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), told TBS: “We could have exported more to the US market. Due to the high costs of doing business, many exporters do not take many orders despite their capacity the prices they get are not in line with production costs. ”

They demand higher prices for products if raw material costs rise, but they cannot do so if production costs rise for other reasons, such as logistics, said Shahidullah, also owner of Classic Fashion. Concept Ltd.

Mohammad Hatem said that Bangladesh’s export growth to the US market is very good even after paying 16% tariffs.

At least if the country’s cotton garments can be exported to this US duty-free market, Bangladesh will see its exports increase dramatically.

The top six garment exporters to the US market are India, Mexico, Honduras, Cambodia, Pakistan and Korea.

In the first 10 months of this year, India, Mexico, Honduras and Pakistan recorded higher export growth than Bangladesh, although their exports were lower than those of Bangladesh.

AP Group to unveil Esprit-brand smartwatches by mid-2022


AP Group, based in Mumbai, has acquired the distribution rights for the watch segment of global fashion brand Esprit.

The company is expected to launch the Esprit smartwatches in India by mid-2022.

The group aims to generate more than 85 crore yen as brand revenue in the first year and 140 crore yen in the second year, a senior official said. Talk to Activity area, Adi Shroff, COO, AP Group, said the company has a dual plan to relaunch watches in India.

Focus on subways

“The focus will be on metropolitan cities with penetration into level 2 and -3 cities. Our distribution will be split online and offline with an emphasis on online distribution, ”he added. Shroff explained that the watches will be available at around 150 large-format stores such as ShopperStop and Lifestyle, 125 Helios stores, and 400 traditional watch dealers. Esprit watches will also be available on e-commerce platforms such as Myntra, Flipkart, Ajio and Tata Cliq. “The products will be aimed at the masses, with a little advantage of higher quality,” he said.

Currently, the watch distribution segment dominates AP Group’s business, accounting for at least 80 percent of its portfolio. It has brands like Rado, Tissot, Watches of Switzerland, among others.

Read also : Titan Watches and Apparel Retail Sales Rebound to Pre-Covid Levels

Referring to the rapid trend of smartwatches in India, Shroff said that Esprit was also jumping on the bandwagon. “We are doing our R&D on smart watches. They will be launched in India by mid-2022. The watches will focus on technology, fashion and quality, ”he explained. When asked about the rationale for acquiring the distribution rights for the brand, Shroff said that Esprit watches were a very strong brand in the early 2000s in India, and “this role continued for about a half a decade until the arrival of the Fossil Group and the Guess Group in India. In a way, the Esprit brand has lost its charm.

While a new company took it over and focused on re-branding, it didn’t work out very well, he said. Shroff noted that the AP Group have now decided to relaunch the brand because “even though it has lost its way, Esprit was a quality brand. Its price was 7,000 to 8,000, despite inflation and rising manufacturing costs. The product has not lost its quality and has not inflated its prices beyond affordability.


A sneak peek at luxury brand Omega’s very first photoshoot in Pakistan

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The internationally renowned luxury watch brand “Omega” successfully entered the Pakistani market and held its photo shoot in the country for the very first time. Many famous names from around the world have represented the prestigious Swiss watchmaker, including Nicole Kidman, George Clooney, Daniel Craig and Eddie Redmayne. And the talent chosen by the brand for a shoot in Pakistan is model Mushk Kaleem.

Marking Omega’s very first filming in Pakistan for its eyewear, jewelry, watches and accessories, this is a milestone, made possible by the highly talented Pakistani team who have worked hard to achieve international standards. The whole team was made up of Pakistanis from the production team to the model. This in itself is an achievement that has allowed Pakistani talent to shine and secure a place in the international spotlight.

Mushk Kaleem

The photo shoot for Omega opened the doors for other international brands of similar stature to come to Pakistan and work with our resources. It will also encourage other global brands to trust and appreciate the unique talent we have to execute similar projects.

Omega SA is a Swiss luxury watchmaker based in Biel / Bienne, Switzerland. Omega has been the official timekeeper of the Olympic Games since 1932. James Bond has worn it in films since 1995; Other famous Omega carriers, past and present, include Buzz Aldrin, President John F. Kennedy, Elvis Presley, and Prince William.

Here’s a look at the photoshoot:

Omega

Omega


Socialite whose financial husband ran away with his best friend and ruined two marriages flees to the United States


As her life and marriage grabbed the headlines, Ellie Aitken fled Sydney with her children to an American ski resort.

The high-society love triangle became the talk of the town after her husband Charlie Aitken, 48, admitted his romance with Ellie’s former best friend, Hollie Nasser.

The lawyer and socialite, 42, has tried to keep a low profile ever since and has confessed to grappling with the sudden rise of the unknown outside of the eastern suburbs to a national talking point.

Ellie Aitken (pictured left) and ex-husband Charlie Aitken (pictured right) at happier times

Love triangle - from left to right Christopher and Hollie Nasser with Ellie and Charlie Aitken

Love triangle – from left to right Christopher and Hollie Nasser with Ellie and Charlie Aitken

Ms. Nasser was married to Christopher Nasser, Mr. Aitken’s long-time business partner and investor.

In a city that loves gossip, the Aitken / Nasser tangle meant their profiles were uplifted whether they liked it or not.

Ellie is said to have now kept a low profile on another continent – she and her two children have gone to the posh ski town of Aspen, Colorado, in the United States.

She took off from Sydney on Wednesday for a quiet break in the Rocky Mountains, the Sydney Morning Herald reported.

They will ski and be happy to have the chance to avoid the limelight in a small town where no one knows them – and all the photographers out there are much more interested in the Hollywood elite who flock to Aspen for a White Christmas.

Ellie Aitken fled Sydney to the ski town of Aspen, Colorada, which is lovely this time of year

Ellie Aitken fled Sydney to the ski town of Aspen, Colorada, which is lovely this time of year

The glamorous lawyer, the wealthy fund manager, the investment banker and the socialite: in the dramatic life of two high society couples as an outrageous love triangle tears them apart

The glamorous lawyer, the wealthy fund manager, the investment banker and the socialite: in the dramatic life of two high society couples as an outrageous love triangle tears them apart

Ms Aitken released a moving statement before she took to the skies, admitting she was not facing the public fallout from her relationship breakdown.

“The truth is, despite the support of my friends and family, I haven’t dealt well with the deeply hurtful lies, gossip and innuendo that surrounded the breakdown of my relationship,” she said.

She announced that she would “take a break from social media” and public view as she and her family adjust to the separation and her ex-husband’s new relationship.

“I had tried to be courageous and deal with my feelings and well-being despite having no control over the reasons for my grief.”

Ellie and Charlie briefly put their differences aside and smiled for the camera with their son during his rugby team’s awards show.

She posted the photos to Instagram just hours after the photos confirmed her husband, a 19-year-old investment banker, had settled in with her new sweetheart and former best friend, Hollie Nasser, 36.

Ms Aitken claimed that she had been “pushed to [her] limit, ”which resulted in a malicious Instagram post calling Ms. Nasser.

In a post before taking a break from social media, Ms Aitken accused her former friend of “harassing” her and exposed a series of texts between the two women.

Charlie Aitken (pictured left) and ex-wife Ellie (pictured right) showed courage on their son's rugby awards day (front pictured)

Charlie Aitken (pictured left) and ex-wife Ellie (pictured right) showed courage on their son’s rugby awards day (front pictured)

Ms Aitken shared a private text she received from Ms Nasser to Instagram accusing her of “playing the role of the victim” and blaming her for “ruining her marriage”.

“Ellie, there’s no point in us talking anymore,” Ms. Nasser’s message begins.

“I can’t believe after … that you’re out there playing victim and I’ve ruined your perfect marriage.”

While Ellie is in Aspen, her ex-husband Charlie is said to have returned to the family home in North Bondi – at least until his ex-wife and their children return.

For the past few weeks, he’s been roughing it out in a serviced apartment above the noisy Bondi Junction bus interchange.

He will, however, have Scout, the family Labrador, for company now that he’s back home for the time being.

HIGH SOCIETY SPLIT – THE TIMELINE

September:

Ellie Aitken, lawyer turned fashion designer, joins investment firm Pallas, rival of her husband’s company Aitken Investment Management

October 16:
Ms Aitken posts a bouncy birthday message to her friend Hollie Nasser, saying that she is “so lucky to have you in my life”.

November 12:

It is publicly revealed that Aitken and Nasser’s marriages have both ended.

November 13:

Mr. Nasser, who is Mr. Aitken’s business partner at Aitken Investment Management, resigns as a director of the board of directors and is replaced by his brother Damien.

Ms Aitken also resigned as a senior executive at the company over the same weekend.

Days later, police issue an apprehended domestic violence order against Mr. Nasser on behalf of his ex-wife.

November 27:

Mr. Aitken confirms that he is in a relationship with Ms. Nasser.

“I can confirm that I am estranged from Ellie Aitken and in a relationship with Hollie Nasser,” Aitken said.

“My only goal is my kids and I won’t comment further. “

December 3:

Mr Nasser speaks about AVO and announces that he plans to fight the allegations when the case goes to court on December 15.

Mr Aitken is pictured shopping with Ms Nasser and taking items to her home in Sydney’s eastern suburbs.

Later that evening, Ms Aitken posted photos of herself alongside Mr Aitken at their son’s rugby awards party.

December 4:

Ms Nasser’s car is revealed to have been vandalized, with someone scratching the word ‘bitch’ on one of the doors

December 5:

Ms Aitken leaks the passionate messages between her and Ms Nasser as their friendship deteriorates.

Mr. Aitken is then seen at the family home, embroiled in a confrontation with Ellie as he picks up his clothes.

The Nasser are also spotted with their children.

December 7:

Ellie Aitken reveals she is going to “take a social media break” as she grapples with the fallout from her marriage breakdown.

“The truth is, despite the support of my friends and family, I haven’t dealt well with the deeply hurtful lies, gossip and innuendo that surrounded the breakdown of my relationship,” she said.

“I had tried to be courageous and deal with my feelings and well-being despite having no control over the reasons for my grief.”

It is also revealed that Mr. Nasser withdrew up to $ 7.5 million from Mr. Aitken’s company.


Behind the glamor of modeling


Modeling is one of the most glamorous industries in the world. Unfortunately, the potential for exploitation is enormous. Modeling agencies are not licensed, and while many are ethical and caring, some are questionable and too many are outright fronts of human trafficking.

“It’s a relatively young industry,” says anti-trafficking advocate Elizabeth Peyton-Jones. “It exploded internationally in the 1980s, moving from established markets to emerging markets. She explains that there is little outside monitoring of what is happening to young people or verification that the organizations that reach out to young people are who they say they are.

The system makes the model vulnerable

“Models are extremely savvy,” says Peyton-Jones, founder and CEO of Responsible Trust for Models, a London-based organization that works with the fashion industry to make modeling safer and more sustainable. “These are young entrepreneurs who are self-employed and who struggle to navigate a system that has few international standards, few rules and weighs against them.”

In the current brand, model agency, and model ecosystem, the model is at the bottom, with the least power. The model donates 40% of her income to her agency, and she is infinitely aware that her livelihood depends on the satisfaction of her agency.

The contract that a model signs with an agency is binding, so anyone at the agency who is unhappy with the model can ensure that they cannot find a job. If she doesn’t have a job, she can’t pay her bills. “A model can accumulate debt just by being sent to castings,” Peyton-Jones points out. “She may never get the job, but will end up getting into debt with the agency.”

Being economically vulnerable is a recipe for exploitation. Added to economic vulnerability is the fact that being beautiful, sexy, attractive and objectified for her beauty makes her an attractive target for exploitation by unethical individuals.

With the best agencies, the model is safe. In Peyton-Jones’ experience, some agencies treat their models admirably. They are ethical, they are worried, they are doing the right thing.

But not at all. Some agencies may overlook bad behavior, such as when a photographer improperly touches the model or a casting director wants sexual favors.

In too many cases, unethical agencies may insist that models attend late-night parties where models are believed to be sexually available to clients. Saying “no” may mean being excluded from future modeling work.

Source: Adobe Stock Stock Image

Traffickers pretending to be model agencies

At worst, the modeling industry doesn’t even involve modeling. Traffickers can pose as representatives of a modeling agency. Their MO is to attract attractive girls from Eastern Europe or Asia, for example, with the promise of an exciting and lucrative modeling career. Unfortunately, a downside to the current popularity of ethnic diversity is that bogus modeling agencies target young people in Africa.

The person who embarks on a modeling career leaves their country for the modeling profession of their dreams. What awaits them is the nightmare of being forced to have sex with several strangers every day.

Peyton-Jones knows that the fashion industry is plagued with a multitude of very bad behavior. These include sexual misconduct, debt bondage, micro-aggression, intimidation, and if that wasn’t enough, there is also the potential for human trafficking in general and human trafficking in general. sexual purposes in particular.

Peyton-Jones Model Trust targets unethical and bogus modeling agencies. One of its strategies is to issue the equivalent of a Good Housekeeping seal of approval to ethical agencies.

The Trust Club verification system

Model agencies who wish to be part of the Trust Club agree to have their models anonymously respond to a questionnaire supervised by Peyton-Jones and his organization. The questionnaire examines to what extent and to what extent models are treated ethically. Agencies that rank well stand out.

In addition, the Trust Club offers training, coaching and service providers to models if they need legal or financial advice or just need someone to listen.

“Without the Trust Club verification system, it will be a bit like getting into an unlicensed taxi. You can do it, but you know the risks, ”says Peyton-Jones

Modeling is perhaps one of the most glamorous professions in the world. Peyton-Jones wants it to be safer.


Lakeland Industries (NASDAQ: LAKE) stock rating downgraded by Zacks Investment Research

Lakeland Industries (NASDAQ: LAKE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released Saturday, Zacks.com reports.

According to Zacks, “LAKELAND INDUSTRIES, INC. has five divisions and three wholly-owned subsidiaries: one large division manufactures disposable / limited-use clothing and the four smaller divisions, Chemland, manufacture coveralls for toxic waste cleanup crews; Fireland Fyrepel Products, manufactures fire and heat protective clothing and personnel protection systems; Highland, manufactures specialized industrial work and safety gloves, and Uniland, manufactures woven fabric industrial and medical garments. “

Lakeland Industries shares opened at $ 20.38 on Friday. Lakeland Industries has a one-year low at $ 18.58 and a one-year high at $ 47.95. The company has a 50-day moving average of $ 20.28 and a two-hundred-day moving average of $ 22.17. The company has a market cap of $ 158.45 million and a P / E ratio of 9.35.

Lakeland Industries (NASDAQ: LAKE) last reported its quarterly results on Thursday, December 9. The medical device supplier reported earnings per share (EPS) of $ 0.35 for the quarter, beating the consensus estimate of $ 0.34 by $ 0.01. Lakeland Industries reported a return on equity of 14.27% and a net margin of 13.90%. During the same period of the previous year, the company achieved earnings per share of $ 1.14. On average, equity research analysts expect Lakeland Industries to post EPS of 1.65 for the current fiscal year.

(A d)

It could be the highest grossing event in crypto history. And that only happens once. If you miss it, there is no second chance.

A number of large investors have recently increased or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Lakeland Industries by 5.2% during the 3rd quarter. Wellington Management Group LLP now owns 698,623 shares of the medical device supplier valued at $ 14,671,000 after acquiring 34,400 additional shares during the period. Dimensional Fund Advisors LP increased its holdings of shares of Lakeland Industries by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 549,340 shares of the medical device supplier valued at $ 12,267,000 after purchasing an additional 11,464 shares in the last quarter. Wells Fargo & Company MN increased its stake in Lakeland Industries shares by 28.7% in the 2nd quarter. Wells Fargo & Company MN now owns 265,213 shares of the medical device supplier valued at $ 5,923,000 after purchasing an additional 59,140 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Lakeland Industries by 217.0% in the 2nd quarter. Millennium Management LLC now owns 225,843 shares of the medical device supplier valued at $ 5,043,000 after purchasing an additional 154,589 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in Lakeland Industries shares by 2.6% in the third quarter. North Star Investment Management Corp. now owns 170,725 shares of the medical device supplier valued at $ 3,585,000 after purchasing an additional 4,325 shares in the last quarter. Hedge funds and other institutional investors hold 59.90% of the company’s shares.

About Lakeland Industries

Lakeland Industries, Inc. is engaged in the manufacture and sale of safety clothing and accessories for the industrial and public protective clothing market. Its products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective clothing, heat protective clothing, reflective protective clothing, protective clothing for hands and arms, arc or fire resistant rain gear and flame retardant protective clothing.

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This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Lakeland Industries now?

Before you consider Lakeland Industries, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Lakeland Industries was not on the list.

While Lakeland Industries currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

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Smartphones account for 57% of regional language traffic on Flipkart, followed by portable devices and trendy audio devices.


Flipkart saw 47% year-over-year (YoY) customer base growth in Tier 3+ cities last year. In Tier 3+ cities, the fashion category recorded the strongest year-over-year customer growth of 58%. Smartphones, audio devices, toiletries, fashion clothing (fashion jewelry, wallets, belts, sunglasses), men’s shoes and household items were among the top categories most requested by buyers in cities of level 3+.

The growing adoption of customers across the country, especially Tier 3+ cities, has been largely made possible by the rapid expansion of supply chain infrastructure and extensive delivery partners.

More than 1 lakh of kiranas on board with Flipkart make 30% of the 60 million and more deliveries made per month across the country.

These Kirana partners also saw an increase of over 30% in their average delivery revenue compared to last year, which has helped drive e-commerce adoption in small towns.

Flipkart’s hyper-local delivery business saw a 25-fold increase in orders compared to last year. The share of hyperlocal orders in total grocery orders on Flipkart has increased from 1% in 2020 to over 17% in 2021.

Flipkart continues to gain traction in this segment with Flipkart Quick, which enables consumers to have their products delivered within 90 minutes of ordering online. Customers can place their orders at any time of the day and have them delivered between 6 a.m. and midnight.

The Flipkart Grocery business saw its turnover and customer base grow 2 times respectively in 2021. It is on track to serve customers in 1,800 cities by the end of 2021, including Ajmer, Amritsar, Bhuj, Bokaro , Daman & Diu, Dehradun and Kanyakumari, among others.

With the rapid adoption of e-commerce in Tier 3+ cities, the share of Indian-speaking users on Flipkart has increased from 12% in Q4 2020 to 18% in Q4 2021. Regarding browsing categories Popular, smartphones represent 57% of the regional language. traffic, followed by fashion clothes (44%) and audio devices (39%) respectively.

Tier 3+ cities had the highest percentage of non-English speaking users (22%), indicating that regional languages ​​will continue to play an important role in attracting and retaining consumers in these markets. Among the 11 Indian language interfaces on Flipkart, Hindi, Tamil, Telugu and Bengali are the most used languages ​​on the platform, growing more than 2 times in the past year. Bengali and Malayalam are the fastest growing in terms of adoption among new clients.

Flipkart’s voice search recorded nearly 3 million daily requests this year, with Tier 3+ cities making up more than half of overall voice requests. Patna, Ranchi, Surat and Bhagalpur are among the top 25 cities.

The results of a recent Flipkart study revealed that traders, kiranas and MSMEs experienced increased growth this year compared to 2020.

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The 10 most powerful luxury brands in the world

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The power of luxury brands is hard to deny. They are the pinnacle of success and they are constantly innovating in their products to stay competitive. Luxury companies, like Louis Vuitton (LVMH), Gucci (Kering), Chanel (Chanel) and Hermès (Hermès International), have become among the most powerful companies in the world using various branding strategies. This article will discuss the top 10 biggest luxury brands in the world.

The power of the brand takes on a whole new meaning with these luxury brands.

TOP 10 LUXURY BRANDS IN THE WORLD

1. LVMH

LVMH is the most luxurious brand in the world. The company owns more than 70 prestigious brands, including Louis Vuitton, Dior and Moët Hennessy. It’s no wonder LVMH tops this list. To keep its position as a major luxury brand afloat, LVMH has used a few key brand strategies. One of these strategies is product differentiation. By offering unique products that cannot be found anywhere else, LVMH ensures that customers will keep coming back for more.

2. Chanel Limited

Chanel is another luxury brand that has maintained its position at the top of the food chain using various branding strategies. One of these strategies is to create timelessness. The Chanel brand has been around for over 100 years and its products are still coveted by consumers around the world. Part of this is due to Chanel’s ability to stay up to date while maintaining her classic look.

Another key strategy used by Chanel is to position itself as a high-end luxury brand. All of its products are in the premium price bracket, allowing it to charge more than other brands without worrying about being undercut. Additionally, Chanel invests heavily in marketing and advertising to maintain a strong presence in the minds of consumers.

3. Kering

Kering is part of our list of the world Luxury group with world-renowned jewelry and watch companies: Gucci, Saint Laurent, Bottega Veneta, fashion, leather goods, Balenciaga. Kering is known for placing creativity as one of its strategies, which supports its Houses in exceeding their limits in creative expressions.

4. Hermès

The luxury brand Hermes is one of the oldest and most prestigious fashion houses in the world. With a rich history dating back to 1837, Hermes has become known for its high quality products and exquisite craftsmanship.

5. Dior

Dior is another iconic French luxury brand founded in 1946 by Christian Dior. The company is famous for its luxury clothes, accessories and fragrances.

6. Rolex

Rolex is a Swiss luxury watch company founded in 1905. It is one of the best known and respected brands in the world, and its watches are instantly recognizable to watch enthusiasts. The world-renowned luxury watch company has also been included in the Forbes ranking of the 100 most valued brands in the world.

7. Tiffany

Tiffany is an American luxury jewelry company founded in 1837. It is known for its iconic blue boxes and diamond encrusted designs. Tiffany has become the first luxury jeweler in the world to offer buyers transparent access to the artisanal journey of its stone. A journey through the sorting of its diamond, its planning as well as its size, without forgetting its polishing, its nuances and its setting.

8. Prada

Prada is also on our list of the world’s most popular luxury brands. The company was founded in 1913 by Mario Prada and has since grown to include a wide range of products such as handbags, sunglasses, shoes, etc.

9. Versace

Versace is an Italian fashion house founded in 1978 by Gianni Versace. The company is known for its glamorous and exaggerated designs and luxurious materials.

10. Armani

Armani is another iconic luxury brand founded by Giorgio Armani in 1975. The company offers a wide range of products including clothing, accessories, home decor and more.

Final result

There are a few key points that all of the world’s top 10 luxury brands have in common. They all use creativity as a branding strategy, they are all known for their high quality products, and they all charge higher prices. If you’re looking to build a successful luxury brand, it’s important to learn from the best.


Skinny leggings vs baggy jeans. Which Gen Z Will Throw First?


By Parija Kavilanz, CNN Business

When Gen Z + TikTok declare a fashion trend like “owl,”That means it’s over. The rest of us are expected to move on.

But what happens when Gen Z is caught between two diametrically opposed trends, one threatening to undo the other, and both popular with teen shoppers?

What we’re talking about here is the struggle between fitted leggings and baggy jeans.

Before they said something “skinny” had come out, the Gen Zers were passionate about skinny leggings, a long-standing staple in their closets. This is why the athleisure brand Lululemon and its pricey $ 100 to $ 130 leggings have always ranked as a coveted brand among this demographic, whose members are those born after 1997.

In Piper Sandler’s recent 42nd biannual “Taking Stock With Teens” survey of 10,000 Gen Z consumers, Lululemon again emerged as the favorite brand of young consumers this year, ranking as their fifth favorite clothing brand after Nike, American Eagle Outfitters, Pacsun and Adidas.

Millennials, for their part, are grateful for the penchant of their successive generations for leggings as they too obsessively wear them for a cup of coffee, on school trips, and even for work. And all the Power of Teenage Consumers still loves is what retailers keep in stock.

But now Generation Z is showing that even in leggings, “skinny” is almost over. On TikTok, they’ve been swooning for months over “flared” leggings, also known as yoga pants.

This is yet another example of Gen Z’s penchant for resurrecting popular style trends from the past (baggy jeans, scrunchies, tracksuits, big plastic jewelry.)

Popular influencer Emma Chamberlain, with her nearly 15 million followers on Instagram and nearly 11 million on TikTok, has championed flared leggings on social media since last fall. Zoom in to 2021 and flare leggings have appeared in many teen-friendly chains including Pacsun, Lululemon, Gap and Athleta.

“From a teen perspective, Lululemon is still a # 1 brand with high school kids, but there is a nod to baggy pants, slacks and leggings now in their wardrobes,” said Erinn Murphy, principal. General and Senior Research Analyst at Piper Sander.

And for teens who still wear skinny leggings, they design the look as a “triangle” or “inverted triangle,” she said. “So it’s a loose t-shirt with skinny leggings or a shorter top with looser pants,” Murphy said.

Pacsun President Brieane Olson said the push for ’70s flares and loose’ 80s styles in pants and leggings is dominating Gen Z, and the styles are appearing heavily on the TikTok and Instagram reels.

Therefore, she said, “At Pacsun, we are seeing a significant shift towards fuller silhouettes in the socks among our male and female consumers. Wide legs, loose or loose fit, flared and super flared and boot cut are the denim trends with our consumer Pacsun.

Olson went so far as to say that skinny pants have started to lose money with Gen Z over the past few years, and “going into 2022 will be almost obsolete for our consumer.

Market research firm NPD Group noted in a recent report that consumers on the whole have adopted more casual and comfortable “head-to-toe” styles of fashion.

In categories of women’s jeans and active bottoms, such as leggings, looser styles are gaining ground, said Maria Rugolo, fashion apparel analyst at NPD Group.

“We’re also starting to see looser fit in sportswear,” she said. “Flare is the style right now and TikTok is having fun with it.”

The-CNN-Wire
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.


Despite recent historic inflation, local business owner won’t raise prices – CBS Detroit


(CBS DETROIT) – It was recently announced that commodity inflation is at its highest level in 40 years, now this sharp increase is having a major impact on small businesses in Detroit.

“Over the past 2 years it’s been a challenge, you know, when it comes to the pandemic, we’ve really, really worked extremely hard to get through the pandemic,” said Deron Washington, owner of the Shops On Top department store. in the oriental market.

READ MORE: Michigan State employees will get a 5% raise; Juneteenth is a paid public holiday

Washington now says it faces another challenge. He admits that business increased in 2021, but so does something else.

“I have experienced something 10-25% more expensive on my merchandise, so inflation I am definitely seeing firsthand,” Washington said.

Like millions of people, Washington is feeling the recent pinch in inflation.

Last week, it was announced that commodity prices rose 6.8% in November from 2020, making it the biggest increase in 40 years.

READ MORE: The wild winds in Michigan cut off the electricity and tore the roof of the school; Dozens of dead cows

Washington and his wife Tina have been in the Detroit fashion industry since 1990 and are in disbelief about this hike, but say this.

“My goal is not to give it to my client, so I thought to myself that I would make less profit at this end of the year,” Washington said.

As the Washington prepare for their busiest season, they will continue what they attribute to their longevity and that is great customer service and no matter what happens with inflation in the future, he says. ‘he will continue to suffer a financial blow as long as the client does not suffer.

“We are determined to win in this city and bring something good to the city of Detroit,” Washington said.

© 2021 CBS Broadcasting Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

NO MORE NEWS: Over 400K without power in central US after hurricane-force gusts of wind


Indochino Announces Growth Plans for 2022, Including Expansion of Women’s Clothing and Retail to 100 Locations

Global clothing brand targets 2022 as its biggest, most profitable year of all time

INDOCHINO Kansas City

INDOCHINO Kansas City

INDOCHINO Kansas City

VANCOUVER, British Columbia, December 16, 2021 (GLOBE NEWSWIRE) – INDOCHINO, the global leader in bespoke clothing, has announced milestones the company expects to achieve in 2022. These include expansion into women’s clothing, eclipsing 100 outlets and dramatically increasing its share of the men’s bridal wear market as the brand predicts 2022 to be a year of growth and profitability.

“We’re always looking for new ways to improve our experience and deliver quality, affordable, bespoke options to a generation of men, and now women, so I’m excited about what next year will bring. Said Drew Green, President and CEO of INDOCHINO. “We are very proud of 2021, and there are many positive indicators that 2022 will be our biggest year to date with our expansion into womenswear, increasing our business footprint and our core experience helping fuel our growth for decades to come. “

INDOCHINO will launch its first women’s clothing line in 2022, targeting a whole new demographic. Organically, INDOCHINO is already attracting many women who find a successful fit using its men’s model, and this decision follows many comments from people looking for bespoke and personalized clothing made from a dedicated model for men. women.

“We know that many women are looking for well-tailored tailored clothing that doesn’t cost a fortune and that there is simply no bespoke brand of women’s clothing comparable to INDOCHINO on the market,” Green continued. “We had been looking to meet this need for years, but we wanted to make sure that the time was right, that we could do it right and that the brand was ready, so I’m excited to share the news that we will be presenting our first collection. of women’s clothing next year. “

To boost its growth and make its retail experience more accessible, INDOCHINO will exceed 100 locations in 2022. The company plans to expand into new markets such as New Mexico, Kentucky and Alabama, all by continuing to expand its presence in important existing markets such as New York and California.

INDOCHINO currently has 79 locations across North America, offering personalized service where customers are professionally measured and design their unique suits, shirts, casual wear and outerwear. The new stores will be in both stand-alone INDOCHINO showrooms and Nordstrom stores, as the brand continues to develop its partnership with the luxury department store.

INDOCHINO will focus on increasing the market share of men’s wedding wear in 2022. This follows a strong increase in sales of personalized wedding wear in 2021, with wedding dates to date 79% above the company’s highest benchmark.

In November alone, wedding dates increased by 141% compared to 2019, signaling that INDOCHINO’s wedding business will continue to grow in the new year. This correlates with reports that 2022 is expected to be the most important year for weddings since 1984 * and the brand is looking to capitalize on the boom, aiming to be widely recognized as the clothing expert of men’s wedding.

To support the coming wedding season, INDOCHINO will introduce more fabrics and product features for the bride and groom. Sales of tuxedos, a mainstay of formal weddings, increased 93% in 2021 compared to 2019, and launching in 2022, customers will have the flexibility to design any suit fabric as a tuxedo. Customers can also look forward to an expanded assortment of its most popular on-going fabric collections, providing bridal customers with even more choices throughout the year.

* https: //wedding.report/index.cfm/action/blog/view/post/pid/1606/title/2021_Covid_19_Wedding_Market_Update

ABOUT INDOCHINO

As a world leader in made-to-measure clothing, INDOCHINO has developed the shopping experience of the future. Born from the belief that you don’t need to spend a fortune on a custom wardrobe, INDOCHINO was the first company to disrupt the retail business by making custom tailored clothing on a massive scale.

Customers shop online or in person at INDOCHINO showrooms, taking on the role of designer to select every detail of their garments and make them truly unique. These are tailor-made and shipped to their door, hassle-free.

MEDIA CONTACT

Sarah mayer

[email protected]

Related images

Image 1: INDOCHINO Kansas City

INDOCHINO’s plans for 2022 include expansion into womenswear, eclipsing 100 retail outlets, and significantly increasing its share of the mens bridal wear market.

This content was posted through the press release distribution service at Newswire.com.

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Briton Boohoo warns of profits for second time in four months


A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo displayed in this illustration taken on September 30, 2020. REUTERS / Dado Ruvic / Illustration / File Photo

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  • Reduces sales and margin forecasts
  • Blame higher returns, extended international delivery times
  • Equities down 12.6%

LONDON, Dec.16 (Reuters) – British online fashion retailer Boohoo (BOOH.L) on Thursday warned of annual profit for the second time in four months, accusing higher product return rates, a disruption international deliveries and cost inflation linked to COVID-19.

He said the new variant of the Omicron coronavirus could lead to additional demand uncertainty and high return rates, particularly in January and February.

Shares of the Manchester, northern England-based group, which sells clothing, shoes, accessories and beauty products aimed at 16-40 year olds, fell 12.6% as of 08:24 GMT, bringing losses from 2021 to 65%.

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Boohoo sought to improve its image after negative publicity over supply chain failures, but had warned of the outlook for the full year in September. Read more

The group said it expected net sales growth in the year through February 28, 2022 to be 12% to 14%, compared to previous forecasts of 20% to 25%.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the year is expected to be 6% to 7%, compared to previous guidance of 9% to 9.5%, implying Adjusted EBITDA of between 117 and 139 million pounds ($ 155.2- $ 184.4 million), down from the 173.6 million pounds made in 2020-21.

“This is due to significantly higher return rates impacting net sales growth and costs, with continued extended delivery times impacting international demand, resulting in lower returns on expense. marketing and continued inflation in inbound freight costs linked to the pandemic, ”he said.

Return rates across the industry were low during pandemic shutdowns, but increased as consumers sought more second-hand clothing as restrictions eased.

Trading update for the three months to November 30, Boohoo said gross demand exceeded that achieved in each of the first and second quarters. Gross sales increased by 28% and net sales by 10%.

The group said its guidance for the full year reflected an expectation that factors affecting its performance would persist for the remainder of the year.

Boohoo also reported an increase in exceptional items for the year of around 33 million pounds, up from 22.5 million previously, mainly due to warehouse restructuring and the new brand.

($ 1 = 0.7540 lb)

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Luxury brand Smoke launches with high-quality cannabis pre-rolls

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This is why Fumée sells pre-rolls filled exclusively with A-grade cannabis flower. worked in all facets of this industry and consider myself a true connoisseur. I have a real love for cannabis and I put that passion and knowledge into everything we do at Smoke. It is important for me to give our customers the same product and experience that I use and enjoy myself.

Responsibly and sustainably grown Californian cannabis

The company sources its cannabis only from local producers Northern California producers who operate under the strictest environmental and labor standards. This not only allows them to offer a great product, but also supports a sustainable, ethical and environmentally friendly approach to the cannabis industry.

Like any agricultural operation, cannabis farms can create pollution and other ecological disruption, from runoff from the use of pesticides, to air pollution from volatile organic compounds ( VOC) and the carbon footprint of importing water for irrigation.

Fumée strives to identify producers who are committed to responsible cultivation, harvesting and processing methods. It means everything from using fair labor practices to not using toxic chemicals during the growing process.

“I am passionate about the way we treat our planet. Being a long-time marijuana grower myself, I understand the impact that poor farming practices can have, not only on marijuana, but across agriculture. I want to do all we can at Smoke to support our cannabis community with the least impact on our environment. “

Each cannabis pre-roll is hand selected, 100% pure flower.

Fumée pre-rolls are currently available in two flavor profiles: Classic & Fuel. Visit https://fumeecannabis.com/products/ to see our strains currently available.

Classic offerings come in a variety of popular strains with unique terpene profiles, from a milder to more earthy smell and taste. These varieties vary by availability, but currently include Cake Crasher, Blue Dream, Grandpa Face, Team Cream, and Sour Pink Lemonade.

The Fuel offers produce a more intense and cerebral high, and taste and smell of gas and skunk. Current offerings include Animal Face, SinMint Cookies, Strawberry Banana Kush, and King’s Stash OG.

Discover the best cannabis smoke in the world

Smoke products are available at select cannabis retailers everywhere California and by local delivery. Visit https://fumeecannabis.com/where-to-buy/ to find Smoke cannabis pre-rolls near you.

About Smoke

Smoke — the best cannabis smoke in the world is a San Francisco-brand of cannabis based on the sale of high quality pre-rolls, only flowered. Founded in 2016, Fumée’s mission is to provide cannabis enthusiasts with an artisanal cannabis experience that respects both the land and the people working in the industry. Smoke products can be found anywhere legal cannabis products are sold California, although store availability may vary.

To learn more, visit www.fumeecannabis.com or Instagram https://www.instagram.com/fumeecannabis/.

Contact: Michael baranchuck, 833-386-3322

SOURCE Smoke Cannabis



Andrew Bocskocsky builds Grata as a search engine for private companies


Small businesses are big businesses. There are some 27 million businesses in the United States and almost all of them are private. The vast majority of these companies have fewer than 500 employees, but account for 48% of U.S. jobs and 43.5% of GDP, according to The Small Business Administration.

And although they represent nearly 50% of the US economy, private companies are hard to find, let alone get the most basic information about what they do. This lack of information has made it difficult for companies looking to enter this massive but elusive market.

Andrew Bocskocsky decided to do something about it. He is the co-founder and CEO of Grata, which, along with his co-founder Nevin Raj, started a New York-based company in 2015 that would evolve into a SaaS platform that acts as a business-to-business search engine for finding and targeting private companies.

There were plenty of data sources for public companies from Bloomberg and FactSet. And there was in-depth coverage of VC-backed companies from sources like Crunchbase. But what about the rest of the market? “What we saw as an opportunity in the market was that everything between the 10 million companies that sit in the middle market and the independent companies was left uncovered. not really enough information there. I struggled with this in some of the work I was doing; Nevin was struggling with this in his investment workflows and consulting workflows, and we decided to bring access to these businesses, ”Bocskocsky explains.

Bocskocsky and Raj found that businesses were coming online at an increasingly rapid pace. When they first started exploring space nearly a decade ago, only about half of private companies in the United States had websites. Today it is closer to 80%. Yet despite the trend, no one indexes and aggregates this information in any meaningful way.

“We decided to start a company to do just that and make this information accessible, usable to really stimulate the private economy by building an intelligence engine around these private companies, to bring up the right types of companies that you are looking for. . Whether you are looking to acquire, invest, partner with these companies, we want to be your gateway for private companies, ultimately, ”said Bocskocsky.

The co-founders began their journey by focusing on meeting the needs of investors and private equity firms looking to invest by grouping small businesses into industry categories, like dentists or car washes, for example, as it is was the world they both came from. “But as we started to dig, we started to realize that the private business ecosystem is actually a much bigger issue than just the workflow of an investor, which is still a part of it. , but the way people think of private business is a much broader use case, says Bocskocsky

In addition to M&A deals, there were larger companies looking for partnerships and answers to the questions of who they should build distribution networks with? With whom should they build different types of alliances and strategic relationships?

“The larger question of who is aligned with how I think about the world made it even more interesting. I really want to find companies that do X, Y, Z and that’s a really tough question to answer with any of these existing sources. Legacy databases, for example, tend to have what I would call tabular information. A description in a few lines, maybe an industry with keywords, but it’s really not enough to dig deeper into these companies to really continue to peel that onion and identify the good companies that you should be spending your time with, ”explains Bocskocsky.

To do this, you need a lot of information using automated methods of collecting and processing that information, which is why the company is so focused on the application of machine learning and intelligence. artificial. “We’ve really invested in what we think is proprietary technology for dealing with these businesses, embracing the nuances of these businesses and trying to really understand what they’re doing. And when you think back to when we were trying to sell almost six years ago and what we see now is that the private business space in general has just warmed up considerably, ”says Bocskocsky.

Now, hedge funds are doing private market transactions. Family offices are starting to do direct transactions. Business development groups are increasingly involved in this type of medium-sized business. With these opportunities heating up, Grata sees herself as a catalyst for this momentum.

Today, the business is growing rapidly, according to Bocskocsky. “We were probably a company of around 15 people in 2020, we are around 50 people now. And in 2021 alone, we now have eight times our revenue for the search engine itself, so we’ve seen really drastic adoption in the market by adopting the product, ”Bocskocsky said. The company still attracts seed investment with the final round in April of this year for $ 6.3 million, bringing the total seed investment to nearly $ 10 million led by Bling Capital, with Touchdown Ventures, Flex Capital, Alumni Ventures and Complice.

Bocskocsky grew up in Westchester, New York, in what he calls a fairly traditional home. “I had a sister, a dog, a mother, a father, that sort of thing; and had always been interested in technology from an early age. I would call it in my genes. My grandfather worked on rockets, on the Apollo lunar module, and we’ve always had computers and technology in our home. And I think I was fortunate enough to be exposed to a lot of this type of technology very early on and I think that motivated my interest in it, which definitely focused on schooling and studying at home. school and continuing to invest in, which I think is one of the coolest things going on in our world right now, the advent of machine learning and NLP. And I’m very happy to be a part of this trend of turning something promising into a practical and applicable ability to solve real problems in the world, ”Bocskocsky said.

He would then graduate from Harvard with a degree in economics and computer science. After graduation, he worked briefly as a reinsurance analyst, then as an advanced deployment engineer for Palantir Technologies before starting his own consulting firm Gramercy360, before joining Raj to build Grata.

As for the future? Bocskocsky believes the private and middle market opportunity is a $ 15-20 billion market. “There isn’t really a private market company that is the de facto choice or the go-to solution for private markets or private companies. In the same way that Bloomberg provides information on what a public company does, we really want to be that view on private companies. I think we will be successful as an organization once people think of us as the norm for private companies. And this is something that I think we see the early stages of the snowball moving, but I think when we are fully operational it will be a big day for us as a company, ”concludes Bocskosky.


Global Digital Textile Printing Market


New York, December 15, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Digital Textile Printing Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” – https: / /www.reportlinker.com/p06190222/?utm_source=GNW

Highlights
Digital textile printing incorporates the use of digital inkjet printing technology to add colorful patterns to different types of fabrics. Due to the high demand for custom t-shirt printing and its ability to provide unlimited design variations, with the help of Textile Design Software, digital textile printing has sped up, and now outside of it. garment industry, it is also being widely adopted in the commercial and home decoration markets.
Advanced digital printing technology involves the use of chemicals and mild solvents that are less harmful than those used in conventional printing technologies, such as offset printing and solid ink printing. So, with the growing emphasis on green printing and profitable production, the demand for digital printing solutions is increasing in the textile printing market.
In addition, the development of various newer technologies like UV gel is also playing a role in the innovation of the industry. For example, in May 2021, Canon released a new 1630 UV gel printer. This industrial grade printer offers companies operating in the large format market access to all the benefits of UV gel technology at a lower investment to help to further develop business opportunities by processing lower volumes in the market. Designed for durability, reliability and stability, the base Colorado 1630 can be configured to each user’s unique business needs by adding modular options, such as FLXfinish, a second roll of media, and easy two-sided printing.
Due to the COVID-19 pandemic, many countries have imposed containment measures requiring consumers to stay indoors. It has affected the fashion and signage industry, and the demand has dropped dramatically. Many graphic display companies have been hit hard because of the pandemic. However, as the situation normalized, the demand for new fabrics increased. The ability of digital printing to shorten cycle time has made digitally printed textiles perform better than the entire textile market during the pandemic.
However, the major challenge for the adoption of digital textile printing in a competitive textile market is the high cost of ink and a large number of printheads used in a high speed single pass machine whose maintenance cost. and replacement is prohibitive and makes it uncompetitive. against rotary printing.

Key market trends

The clothing and apparel segment will hold a significant market share

Apparel and clothing printing techniques have evolved a lot since the early years. The latest type of printing technique available for clothing and apparel is digital textile printing. Digital fabric printing uses computer-controlled printers to transfer designs or images stored in digital format to fabric. Technology allows designers and creators to create intricate designs faster and easier.
Sustainability and textile waste have always been a major concern in the textile printing market. The United Nations estimates that the fashion industry is responsible for around 10% of the greenhouse gas emissions that heat the planet, which has led many people to turn to digital technologies.
Digital textile printing brings the textile design process to earth, reducing shipping time and costs. It also reduces excessive waste in the design process by allowing designers to create smaller fabric tests and waste less when finalizing the fabric.
For example, in October 2021, Kornit Digital Ltd. announced the release of its Kornit Presto MAX system for on-demand sustainable production of clothing and other textile products. This next-generation system for sustainable, one-step production efficiency is the first on the market to feature white printing on colored fabrics.
In addition, the growing demand for ‘fast fashion’ products due to changing customer behavior, rapid urbanization, faster adaptability and shorter duration of fashion designs, as well as the Increased disposable income is expected to drive demand for digital textile printing solutions in garment and apparel. segment during the forecast period.

Asia-Pacific to experience highest growth

Due to the low cost of labor, the growth and development of the textile market in countries like China and India has fueled the market growth in the region. For several decades, China has been one of the main producers and exporters of textiles. In addition, investments in inventories such as shuttle-less looms and capacity extensions to manufacture good quality textiles are expected to boost the textile and clothing market.
According to the World Trade Organization, China accounted for 43.5% of the value of global textile exports in 2020. China was also one of the world’s largest textile exporters in 2020, with an export value of ‘approximately USD 154 billion. India accounted for an export value of USD 15 billion in 2020. According to the National Bureau of Statistics of China, about 3.41 billion meters of clothing fabric were produced in China in October 2021.
In addition, the dramatic transformation of the textile production industry which has followed the rise of digital textile printing and the advancement of thermal sublimation technology has opened up profitable new market segments and application opportunities in the region. Flexible signage for buildings and storefronts, retail and other point-of-sale environments has presented an excellent opportunity for textile printers and printing service providers operating in the large format industry. The growing fashion industry, along with such trends, are expected to provide the market with new growth opportunities in the region.

Competitive landscape

The global digital textile printing market is increasingly competitive as the growing demand for printed textiles and stable profitability attract new suppliers to the market. Major players operating in the market are focused on launching new products and building partnerships due to the growing demand for sustainable products. Some of the major players operating in the market include Kornit Digital, Seiko Epson Corporation, Mimaki Engineering and Durst Group among others.

October 2021 – Roland DG Corporation, a leading manufacturer of large format inkjet printers and printer / cutters, announced the launch of D-BRIDGE, a support website that provides a variety of useful information on the benefits of digitization and the secrets to success for everyone. engaged in creation, especially those involved in printing or manufacturing.
May 2021 – Global online fashion retailer and UK supplier ASOS and Fashion-Enter Ltd. announced that they are partnering with Kornit for the adoption of Kornit Presto, an efficient, low impact direct-to-fabric digital textile printing with zero water wastage and accelerated production speeds. Kornit Presto is the most advanced one-step solution for direct-to-fabric printing.

Additional benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06190222/?utm_source=GNW

About Reportlinker
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Vox-Group Nine deal confirms the reality of scaling to survive digital media

Consolidation of digital media companies shows no signs of slowing down. Vox Media acquires Group Nine Media, the publisher of sites such as Thrillist, NowThis and Dodo, a deal that would combine the brands into one of the largest online publishers in the digital space. The deal, first reported by the the Wall Street newspaper and confirmed shortly thereafter in a company-wide note sent by the CEO of Vox Media Jim bankoff, is expected to close early next year pending regulatory approval; the combined company would generate more than $ 700 million in revenue and more than $ 100 million in profit, according to the Newspaper.

“The business rationale for this merger is to increase revenue, increase scale and combine these incredibly powerful and complementary portfolios,” Bankoff told staff in his memo. The all-equity nature of the agreement would leave Groupe Neuf investors a 25% share in Vox Media; because Group Nine investors include Comcast, and Vox Media investors include Discovery, Recode Pierre Kafka points out that “two of the largest media companies in the world could end up with stakes in the same digital media operation”. Bankoff to lead the combined company, with CEO of Group Nine Ben Lerer assume the role of administrator within its board of directors. The pair appeared on CNBC on Tuesday, with Lerer saying “the ladder is a path to optionality,” putting them in a position to acquire more and “take advantage of a market where it has been difficult to break into. to be small”.

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Vox has grown steadily over the years, buying New York Media (where I worked) and Epic in 2019 and, more recently, smaller properties such as the Punch cocktail website and Criminal Productions podcast studio. Group Nine, which itself was born out of a merger in 2016, had its own ambitions for expansion: it acquired PopSugar in 2019 and last year formed a SPAC – the route BuzzFeed took to go public and acquire Complex – to ostensibly pursue others. While Group Nine’s deal with Vox Media apparently does not involve PSPC, it will carry over into the merger, according to Kafka. Bankoff told staff he had “no plans to go public immediately,” although Kafka notes that “it’s really the kind of deal you make before you go public.”

Bankoff is therefore in a better position to bring Vox Media to the stock market, just like its counterpart. Jonas Peretti, the CEO of BuzzFeed, did so last week in a turbulent but nonetheless historic occasion for digital media. BuzzFeed’s public debut came as it finalized the acquisition of Complex Networks. Peretti, who has been talking about digital media company collaboration since 2018 and struck a deal for HuffPost earlier this year, presented the acquisition of Complex and the merger of PSPC as a way to “thrive in the age of media consolidation “. Bankoff seemed to share this point of view, telling employees on Monday that “together we will be an even stronger and more financially viable company, able to invest more in our products and our people” and “to be the clear leader of modern media. “. Vox Media “explored ways to raise funds for future growth, including the possibility of going public” and may be able to pursue further acquisitions – and a possible IPO – following this merger, the Newspaper reports. BuzzFeed’s own challenges since becoming a public company, however, may change Vox’s calculation.

Whether or not Vox Media becomes the next major player to do business as a public company, its acquisition of Group Nine is just the latest attestation of the need to grow in order to survive in an advertising market dominated by Google and Facebook. “It’s not as if all of these companies combined are real competitors of Google or Facebook,” Kafka writes. “It’s just that having a bigger audience helps attract more ad dollars, period, or for subscription businesses, bigger businesses have more to sell. “

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Manifest Barbershop Fashion Boutique Speakeasy opens Adams Morgan


The manifesto opens in Adams Morgan. Photograph by Michael Grant.

Whenever DC-based sports and entertainment entrepreneur KJ Hughes flies to a new city, he has a favorite ritual.

“I still want a haircut or a razor shave. A shave in Turkey is different from a shave in Dumbo Brooklyn, ”says Hughes, senior advisor to the Washington football team. “That feeling after, you’re ready to take over the world – have a fit, stop by the lobby bar, meet friends.”

This feeling of freshness and the pleasure that follows is what inspired Manifest. The four-in-one concept – home to a hair salon, cafe, designer boutique, and sweatshop – opens today to Adams Morgan, Hughes and his partners Brian Merritt and Susan Morgan. An elegant two-bedroom residence with a retractable glass roof crowns the place and will open for overnight bookings in the coming months.

High-end streetwear and other fashion pieces are available everywhere. Photograph by Kartson Tannis.

It’s easy to start making a name for yourself at Manifest, starting with cutting-edge New York design studio Snarkitecture, which showcased interactive installations like “Fun House” and “Beach” at the National Building Museum. They are also behind the chic look of New York and Paris coffee shops for lifestyle brands like Kith. Shoppers here will find high-end street wear, shoes, accessories and skincare products from designers such as Rick Owens, Engineered Garments, Reese Cooper, Plissé and the home line of Manifest, Of Us.

A hidden underground bar, Out of Office. Photograph by Karston Tannis

Refreshments come in two forms: caffeine and cocktails. The cafe serves Esthète loose leaf teas, a business owned by QBIPOC, and coffee drinks from Black Acres Roastery, owned by Black. The 30-seat cocktail hangout, Out of Office, is designed to feel like an intimate getaway with seasonal drinks named after travel destinations. The hidden bar is for reservations only, which you can make on the website, if you can find the link.

“It’s an Easter Egg on the website – it’s not top secret, but it does take a little intentionality,” says Hughes. (We haven’t found it yet.)

The barber shop is geared towards members, although walk-in tours are also available. Photograph by Michael Grant

Reservations for the barber shop are for members only, although neighborhood walkers are welcome to hang one of the Belmont slender leather chairs if available. Grooming services include cuts and trims, hot towel treatments, steamed beards, face masks, and hot foam shaves. Memberships ($ 89.99 per month) come with perks like discounts on salon services and retail products, free coffee drinks, and more.

“In order to deliver the experience that we want, we want it to be a little bit exclusive,” says Hughes. “I’ve had experiences where exclusivity leads to exclusivity, we don’t want to do that. I want you to come in and the impression that “these are my parents. “

Manifest. 1807 Florida Ave, NW.

Food Editor

Anna Spiegel covers the restaurant and bar scene in her native DC. Prior to joining Washingtonian in 2010, she attended the French Culinary Institute and the Master of Fine Arts program at Columbia University in New York City, and held various cooking and writing positions in New York and St. John, in the US Virgin Islands.


Toyota CEO announces automaker’s electric battery plans

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The Toyota Motor Corp. logo in the Toyota City Showcase exhibit at the company’s Mega Web theme park in Tokyo, Japan on Monday, November 1, 2021.

Kiyoshi Ota | Bloomberg | Getty Images

Toyota, one of the world’s largest automakers, plans to invest 4 trillion yen ($ 35 billion) to build a full lineup of 30 battery-powered electric vehicles by 2030.

It also aims to increase global sales of battery-electric vehicles by 3.5 million units per year by the end of the decade, CEO Akio Toyoda said on Tuesday.

Most of Toyota’s current EV sales are hybrid electric cars powered by a combination of internal combustion engine and battery-powered electric motors. Battery-only electric vehicles represent only a fraction of its current sales.

The Japanese automaker will increase its new investment in battery technology from 500 billion yen ($ 4.4 billion) to 2,000 billion yen, according to Toyoda. It will be part of Toyota’s larger 4 trillion yen investment in battery-electric vehicles and will include both capital spending as well as research and development.

Toyota also plans to invest an additional 4 trillion yen in other types of electric vehicles, including hybrid cars, plug-in hybrids and fuel cell electric vehicles, which use hydrogen as a power source.

“In this diverse and unexplored era, it is important to flexibly change the types and quantities of products produced, while keeping an eye on market trends,” Toyoda said during a briefing on the manufacturer’s strategies. automotive industry in battery-electric vehicles, according to official translations of its remarks into Japanese.

“We believe that it is more important to adapt quickly to future changes than to try to predict the future, which is only uncertain. We want to keep options available to our customers until the good way is known “, he added.

For its luxury brand Lexus, Toyota aims to have battery-electric vehicles account for 100% of vehicle sales in Europe, North America and China by 2030 and globally by 2035.

Despite being one of the pioneers of hybrid models, Toyota has been relatively slow in its progression towards battery-only electric vehicles compared to some of its global competitors like General Motors and Ford.

At the United Nations climate conference in Scotland last month, the Japanese automaker refused to join a group of six major automakers, including Swedish Volvo and Daimler Mercedes-Benz, to sign a declaration aimed at phase out fossil-fueled cars by 2040, Reuters reported.

A senior Toyota executive reportedly told the news agency that the company did not want to be seen as an electric vehicle maker, but rather as a carbon neutral company.

Toyota is aiming for carbon neutrality in its manufacturing plants by 2035, Toyoda said in Tuesday’s briefing.

Rival Nissan announced last month that it would invest 2,000 billion yen (about $ 17.6 billion) over the next five years to accelerate the electrification of its product line. It plans to deploy 23 new electrified models by 2030, of which 15 will be fully electric.


Company Highlights: Economic Grants Finalists, Spending Rising


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Harris unveils electric vehicle charging network plan

WASHINGTON (AP) – The Biden administration has released a federal strategy to build 500,000 electric vehicle charging stations across the country and ultimately transform the US auto industry. Vice President Kamala Harris announced the strategy Monday at an event in suburban Maryland. The $ 1 trillion infrastructure law signed last month by President Joe Biden allows charging stations and sets aside $ 5 billion for states to build them. The law also provides an additional $ 2.5 billion in local grants to support charging stations in rural areas and disadvantaged communities. Harris said the administration wanted to “make electric vehicles accessible to everyone.”

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Biden administrator reveals 60 finalists for $ 1 billion in economic grants

WASHINGTON (AP) – Commerce Secretary Gina Raimondo has announced 60 finalists for $ 1 billion in economic development grants tied to the Biden administration’s coronavirus relief program. The grants aim to improve vocational training and regional industrial partnerships. There were 529 applicants for the grants. The government will ultimately choose 20 to 30 regional coalitions for up to $ 100 million in grants that could shape manufacturing, clean energy and life science hubs across the country. Twelve of the finalists announced on Monday come from places linked to the coal industry. The finalists are often coalitions made up of government, academic and economic partnerships.

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The AP Interview: Japanese Tourist Says Space Travel “Amazing”

MOSCOW (AP) – A Japanese space tourist has rebuffed criticism from those who questioned his decision to pay a fortune for a trip to the International Space Station, saying the “incredible” experience was worth it. Speaking to The Associated Press in a live interview Monday from the Space Outpost, billionaire fashion mogul Yusaku Maezawa said, “Once you are in space you realize how much it is in worth living this incredible experience “. Maezawa, 46, and his producer Yozo Hirano, 36, are the first paying tourists to visit the space station since 2009. Asked about reports he paid $ 80 million for the 12-day mission, Maezawa said that he could not disclose the amount of the contract, but added that he had paid “roughly” this amount.

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AP seeks responses from US government on journalist tracking

WASHINGTON (AP) – The Associated Press is seeking answers from the Department of Homeland Security over its use of sensitive government databases to track down international terrorists to investigate up to 20 U.S. journalists, including a acclaimed reporter from the AP. In a letter to DHS Secretary Alejandro Mayorkas, AP Editor-in-Chief Julie Pace urged the agency on Monday to explain why the name of Pulitzer-Prize-winning investigative journalist Martha Mendoza was reviewed databases and identified as a potential confidential informant during the Trump administration, as detailed in a report by the Inspector General of Homeland Security.

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Germany’s new government revamps incentives for electric cars

BERLIN (AP) – Germany’s new government has announced that it is extending the country’s current incentive payments for buyers of electric and hybrid cars by one year. But the country’s economy and climate ministry said on Monday that the government has more stringent requirements for vehicles to qualify for the aid. The ministry said it would not make payments until 2023 for “electric vehicles which clearly have a positive effect on climate protection.” Compliance with this requirement will be based, in part, on a minimum distance that cars can travel on electricity. Until then, electric-only car buyers will remain eligible for incentives of up to about $ 10,200 and eligible buyers of plug-in hybrids up to $ 7,605 in incentives.

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BofA CEO: Consumers are spending at the fastest pace he has ever seen

NEW YORK (AP) – The chief executive of the nation’s second largest bank said consumers were spending “at a faster rate” than he had ever seen, but he remains concerned about how inflation and Supply chain issues will influence the economy as winter approaches. In an interview this month with The Associated Press, Bank of America Chairman and CEO Brian Moynihan said the bank’s debit and credit card spending had increased as the economy recovered. of the recession. But Moynihan also said that a recent drop in consumer confidence – from one measure to the lowest in a decade – may indicate higher costs are adding to Americans’ frustration with the ongoing pandemic.

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Medicare urged to relax power, cut premium hikes

WASHINGTON (AP) – The leader of a Senate group that oversees Medicare has said the Biden administration is expected to cut a steep rise in premiums soon to hit millions of enrollees. Almost half of the increase in Medicare Part “B” premiums is due to Medicare’s need for a contingency fund to cover a new $ 56,000 Alzheimer’s drug whose benefits have been cut. widely questioned. The increase in monthly premiums would absorb a significant portion of the 5.9% increase in the cost of living for seniors. Finance President Ron Wyden joins a growing number of Democratic lawmakers calling for action on concerns over rising inflation. Wyden says Medicare has the legal power to reverse part of the $ 21.60 premium increase, which is expected to take effect in January.

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California proposes to reduce incentives for solar power on rooftops

SACRAMENTO, Calif. (AP) – Californians who decide to install solar home panels and storage systems would get lower discounts on their energy bills under a proposal released by state regulators that would extend to a decade the time needed to recover installation costs. The proposal unveiled Monday would change California’s current net energy metering program. It allows residential solar customers to resell energy that they do not use to utilities at retail rates. This usually results in a significant reduction on their energy bills. State regulators and major utilities say this means solar home customers are not paying their share of the costs of running the energy grid.

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Stocks set back records, weighed down by technology and energy

Shares slipped back below their recent record highs on Wall Street on Monday as market momentum slows after its best week since February. The S&P 500 fell 0.9%, the Dow Jones Industrial Average also fell 0.9%, and the tech-rich Nasdaq dropped 1.4% to travel recorded some of the biggest losses. Nvidia, General Motors and Devon Energy were among the biggest declines in the S&P 500. Pfizer rose after announcing a deal to acquire Arena Pharmaceuticals, and Harley-Davidson rose after announcing it would go public with its electric motorcycle division by through a blank check company. Treasury yields have fallen.

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Virgin Atlantic receives another cash injection during pandemic

LONDON (AP) – Virgin Atlantic has received £ 400million ($ 530million) in new funding from its shareholders to help the airline weather the coronavirus pandemic. In a statement on Monday, he said his shareholders, Richard Branson’s Virgin Group and Atlanta-based Delta Air Lines, would provide the money based on their holdings. Virgin Group owns 51% of the airline, while Delta owns the rest. Like the entire industry, the pandemic has hit the airline hard, which has had to raise funds on several occasions. Growing hopes that the rollout of vaccines and the lifting of travel restrictions and bans would help the recovery have been shaken recently by the emergence of the more transmissible omicron variant.

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The S&P 500 lost 43.05 points, or 0.9%, to 4,668.97. The Dow Jones Industrial Average lost 320.04 points, or 0.9%, to 35,650.95. The Nasdaq lost 217.32 points, or 1.4%, to 15,413.28. The Russell 2000 Small Business Index fell 31.31 points, or 1.4%, to 2,180.50.


Long down jackets for women canada


Montreal, Dec. 13 2021 (GLOBE NEWSWIRE) – The new water-resistant winter coat for women from Frank And Oak, which complements its entire line of outerwear and accessories for modern Canadian living, offers 20K breathability / 20K for dynamic winter activities. While most jackets and coats on the market do not exceed 10K / 10K, anything above 15K is ideal for particularly active people engaged in activities like hiking or ski touring.

More details can be found at: https://ca.frankandoak.com/pages/womens-sustainable-winter-outerwear

The new Women’s Highland Long Quilted Jacket also features Featherless Primaloft â„¢ PowerPlume® insulation, elastic cuffs to retain heat, and hand pockets with snaps and fleece. The fibers mimic the warmth and appearance of natural down while remaining free from animal materials. The coat is fully machine washable.

People are now aware of the significant impact of the fashion industry on the planet, and companies are increasingly placing more importance on factors such as ethically produced materials, transparency of the chain and supply and the living wage they pay to their employees. A recent report from the Boston Consulting Group found that 40% of survey respondents plan to adopt more sustainable behaviors in the future and nearly 90% believe companies should do more to help protect the environment.

As previously announced, Frank And Oak, a Certified B Corporation, has practiced this philosophy since its inception and is typically featured on any roundup of the best sustainable lifestyle and ethical business brands in Canada. The Highland long quilted coat has been designed and produced with respect to this tradition, with a shell and lining in 100% recycled polyester.

The company designs and sells a full line of clothing for men and women, including shirts, jeans, sweaters, parkas, shorts, loungewear and footwear. Frank And Oak also sells accessories such as skincare and beauty / skin care products.

Founded in 2012 by two friends, Frank And Oak has grown into a 300-person clothing organization dedicated to capturing the essence of modern Canadian life. While style is an expression of the individual, the common necessities of daily life in Canada shape the aesthetic of the business. Designers, architects and artists, the close-knit team of the company is committed above all to setting an example by balancing profit and objective: to offer the best quality, affordable and sustainable products that leave a minimal carbon footprint on the planet.

“We never compromise on style or comfort,” said a spokesperson for the company. “And the Highland Women’s Long Quilted Coat is no exception – with its clean lines and concealed front zipper, you’ll look like the belle of the winter ball.”

More information is available at: https://ca.frankandoak.com

###

For more information on Frank And Oak, contact the company here:

Franc and Oak
Anne Gaël Plante
+ 1-514-889-8701
[email protected]
702 St-Viateur E, office 702,
Montreal, QC H2T 1A8,
Canada



Industry Trends, Share, Size, Demand, and Forecast to 2026 – Fastbreak Daily

The size of the Indian children’s clothing market reached US $ 16.4 billion in 2020. Going forward, the market is expected to grow at a CAGR of 14.5% during 2021-2026, according to the latest report from the IMARC group.

Children’s clothing refers to clothing worn by children 0-14 years old. These garments are generally made from high quality materials which provide comfort and breathability and are generally available in a wide range of colors and materials. The trend of children’s clothing in India has always varied from ethnic and cultural, due to the aesthetic predominance in everyday wear, to contemporary, mainly due to the growing Western influence and the inclination towards an urban and comfortable dress style. Over the years, there has been a growing preference for the fusion and gender-neutral clothing line, which is creating a positive outlook for the Indian market.

Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

Get a PDF sample for more detailed market information: https://www.imarcgroup.com/india-kids-apparel-market/requestsample

Competitive landscape

The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.

    • Gini & Jony Limited,
    • Aditya Birla Fashion and Retail Ltd.,
    • Benetton India Pvt Ltd,
    • Lilliput Kidswear Limited,
    • Catmoss Retail Pvt. Ltd.,
    • Arvind Fashions Limited,
    • Indian Clothing League Private Limited,
    • Tiny Girl Clothing Company Private Limited.

India Childrens Clothing Market Trends:

The market is mainly driven by the growing number of nuclear and dual income households in India. The strong economic growth of recent years and the increase in purchasing power, as well as the evolution of the spending habits of parents, more and more inclined to offer their children greater comfort and convenience, are driving sales. branded and high-quality children’s clothing.

In addition, children in urban and semi-urban areas of the country are now exposed to mass media, which has accelerated their active participation in purchasing decisions. At the same time, several players are focusing on promotional strategies and effective advertising methods to make themselves known to their target consumers. They continually partner with foreign brands and companies, including Disney and Warner Bros., to launch aesthetic assortments of merchandise that appeal to their ever-expanding consumer base. The market is further driven by the growing penetration of online fashion and clothing websites with user-friendly interfaces, lucrative discount offers and flexible payment methods in India.

For more information on this report, visit: http://bit.ly/2TDsnbk

Market summary:

  • Based on the category, the market has been divided into uniforms, t-shirts / shirts, stockings, ethnic clothing, dresses, denim, and others.
  • Depending on the season, the market has been categorized into summer, winter and all season clothing.
  • Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, exclusive stores, multi-brand outlets, online and others.
  • Based on gender, the market has been divided into girls and boys.
  • On the basis of industry, the market has been segmented into organized and unorganized industries.
  • On the basis of fabric, the market has divided into nylon and rayon, wool, cotton blend / blend, polyester, cotton and others.
  • Geographically, the market has been divided into North India, East India, West and Central India, and South India.

Browse related reports:

India Adult Diaper Market Analysis: https://www.imarcgroup.com/india-adult-diaper-market

Indian Biodegradable Sanitary Napkins Market Analysis: https://www.imarcgroup.com/indian-biodegradable-sanitary-napkin-market

India Air Cooler Market Analysis: https://www.imarcgroup.com/india-air-cooler-market

Market analysis of Indian incense sticks (Agarbatti and Dhoop): https://www.imarcgroup.com/india-incense-sticks-agarbatti-dhoop-market

India Water Purifier Market Analysis: https://www.imarcgroup.com/india-water-purifier-market

Analysis of the cigarette market in India: https://www.imarcgroup.com/india-cigarette-market

India Textile Recycling Market Analysis: https://www.imarcgroup.com/india-textile-recycling-market

India School Supplies Market Analysis: https://www.imarcgroup.com/india-school-stationery-supplies-market

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New Mexico Retailer Offers Disabled-Friendly Fashion


Patti + Ricky Founder and CEO Alexandra Herold is seated with some examples of suitable clothing. Herold started the business in 2017 and recently moved its headquarters to Santa Fe. (Courtesy of Patti + Ricky)

A little over 10 years ago, Alexandra Herold found it almost impossible to find fashionable clothes or accessories for people with disabilities or for those with illnesses.

It was a gap in the market that the Santa Fe resident discovered while trying to find clothes and accessories for her mother, who had been diagnosed with brain cancer.

Herold said most of the items available were often gray and appeared to come straight from a hospital or hospice.

This experience, and a childhood spent alongside her disabled cousin, prompted her to create the online adaptive fashion website, Patti + Ricky.

Named after her mother and cousin, Patti + Ricky aims to be a one-stop-shop for adaptive fashion, or fashion for adults and children with disabilities, chronic health conditions, the elderly and caregivers – and ever since. October, the company is now headquartered in Santa Fe.

When keeping the items sold on the website, Herold said it was just as important that the items were useful and beautiful.

A magnetic belt sold on the Patti + Ricky site. (Courtesy of Patti + Ricky)

She said she saw how her mom’s trendy cane acted as an accessible conversation piece and allowed her to talk to people about more than her illness.

Much like her mother’s cane, Herold said the articles on her website can serve as a point of conversation or a way to boost self-esteem.

As an online retailer, Patti + Ricki offers hundreds of tailored clothing in one space so customers can shop for their needs in one place rather than having to search multiple websites or stores.

She said it was important for her to bring the items to a place because she saw how her aunt and uncle had to visit exhibitions or travel in order to find clothes for her cousin.

“I’m trying to eliminate this people hunt so that it’s easy to find,” she said.

Herold said her site has everything from magnetic shirts, wheelchair bags, jewelry for the blind, compression garments to bustle jewelry.

Simple adjustments to clothing, like adding fabric ties, magnets, or zippers, Herold said, can really change a person’s quality of life.

One of the fidget rings available from Patti + Ricky. (Courtesy of Patti + Ricky)

“This makes it possible for many people with disabilities to dress independently,” she said. “Most of the time it also works for people without disabilities. “

Most of the items are designed by people with disabilities or people with disabilities together with family members.

Herold said she wanted to continue to increase the number of items available and that the website has a suggestion box for users to request specific items.

“If one person needs it, (then) so many more people… are looking for it and need it,” she said.

In addition to increasing the number of products on her site, Herold said she wanted to see adaptive fashion enter the mainstream.

Most recently, his company partnered with JCPenney to feature some of the items on the department store’s website.

“I really think the time has come to be included in retail and the fashion industry,” Herold said.

For more information, visit pattiandricky.com.

Pilar Martinez covers retail and commercial real estate for the Journal. She can be reached at [email protected]


Do you know where your sweater comes from?

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A little less than ten years ago, I wrote a column about an amazing new initiative, courtesy of Fendi, called Pesce d’Aprile, in which a customer could go to a crocodile farm in Singapore, select the reptile. from which her purse would be made and then track her progress via an app. Billed as the fashion equivalent of “know your food”, it was the first of its kind.

It was also entirely invented (by me): an April Fool’s Day invented to underline how far fashion brands would be willing to differentiate themselves – and the fact that, more and more, customers are interested in the origin of their products.

Except now, finally, the joke is on me.

Loro Piana, the luxury brand known for its lavish and understated knits that appear to have been woven from liquidated banknotes, has embarked on a program that will allow customers to retrace every step of the production of one of its baby goat cashmere sweaters. tidy.

It may sound simple: how can a brand not know exactly where and how its products are made? Yet the fashion supply chain is so complicated, with its many moving parts spread across so many countries and processes, that for most of us the origin stories of our clothes are almost entirely opaque.

“We think companies know where things are coming from, and in fact, many companies lost this ability quite a long time ago,” said Maxine Bédat, founder of the New Standard Institute, a nonprofit founded to define and create a framework for fashion sustainability claims. “The more products you add to your offering, the more diffuse and complicated the manufacturing becomes, and as a result, it is very rare today for fashion companies to be able to simultaneously trace all of their chains. procurement and be prepared to disclose it. “

Consider the fact that an average merino wool sweater will travel 30,000 kilometers in its production before reaching store shelves, according to Bamford, the British farm-to-table luxury brand.

It is of course easier to retrace this journey if a brand is small enough to do everything itself or if a new brand is built for the sake of transparency. But few founders thought so a decade ago, and almost no brand owns every step of the creative process, from farm to finished product.

For the consumer looking for a holiday gift, this means that it is extremely difficult to know, when you browse the shelves for the perfect chunky knit or cozy scarf, if what you see has. been done responsibly, with environmental and social factors in listening.

That’s why, two years ago, Loro Piana, which was acquired by LVMH for $ 2.6 billion in 2013, decided to narrow down its processes so that it can now include a garment label telling buyers potentials that “this knitting comes from a deposit that was taken in that specific region that year or that month of that year,” said Fabio d’Angelantonio, the former general manager of Loro Piana (he has was replaced at the end of October by Damien Bertrand). And this surety was born on the backs of this herd.

The project was introduced earlier this year with Loro Piana’s vicuna products and has now been expanded to include cashmere and baby cashmere, the company’s biggest sellers. Since the average Loro Piana cashmere sweater will hit around 100 hands in at least three countries as it travels from Mongolia to Italy to its final store, and involves more than 13 different processes on a period of 18 months to two years. , it was not an easy task.

Arguably such traceability has only been possible because the luxury brand has the … well, the luxury, to know its breeders – it sources, spins, weaves and finishes cashmere since 1924 – and because its extremely well-off clients are willing to pay for the information. And Loro Piana is betting that this will become more and more of the fashion value proposition. That each physical gift must also bring with it the gift of knowledge.

Instead of the runoff economy, think of it as the runoff transparency. Here is how it starts.


In early spring, cashmere collection begins in Inner Mongolia, northern China and Mongolia. In many cases, breeders have worked with Loro Piana for generations. The process only takes place once a year.

Goats have nature to thank for their annual cut. Cashmere goats are double-coated animals, which means that they produce two types of hair: outer and sub-polar. The fleece protects the goats from the extremely cold temperatures in the area and begins to grow in September and October, when temperatures start to drop. In May, the fleece has reached its full potential and is ready to be picked up by the shepherds. The goats don’t lose much, the fleece would fall off naturally.

Fun fact: all cashmere is wool, but not all wool is cashmere. Wool is a catch-all term used to describe the soft undercoat of certain animals (sheep, alpacas, goats, etc.). Cashmere specifically refers to the highly prized fiber of cashmere and certain other breeds of goats.

Throughout the region, herders like Ha Si Ba Gen make a living raising and keeping goats. The country of Mongolia produces a third of the world’s cashmere, and luxury fabric accounts for 40 percent of the country’s non-mineral exports.

Animal and labor conditions are verified by “accredited third parties,” a representative for Loro Piana told The Times. After all, as Mr. d’Angelantonio, the former CEO of the company, said, it was in everyone’s best interests to maintain excellent conditions. “The wool of a happy sheep is better wool than a very stressed sheep,” he said.

When the haircuts are done, the ranchers usually sell the wool to a third-party collector, who will then sell the materials – a blend of cashmere wool from dozens, if not hundreds, of local farms – to various brands. In this case, the cashmere is delivered to Alashan Zuo Qi Dia Li Cashmere in Inner Mongolia, a third party “cooperation” partner in Loro Piana’s production chain since 2005. There the wool is cleaned and inspected.

Although Loro Piana has considered building her own facility in Inner Mongolia, she has instead forged long-term relationships with local partners. A representative of the company explained that it looked for a production unit in China suited to its specific needs, but the difficulties of operating there as a foreign company proved insurmountable. As a result, Alashan Zuo Qi Dia Li Cashmere plays a key role in the creation of Loro Piana garments, taking responsibility for the first cleaning cycle before the wool even leaves the area.

From there, the cleaned cashmere is trucked to Beijing or Ulaanbaatar, the capital of Mongolia, for rigorous quality control testing. Insightful eyes check the casual dark hair tucked away in the white wool. (These hairs cannot be dyed and are more difficult to spot and remove later.) Then, the cashmere bales are transported to a laboratory in Roccapietra, Italy, (population: 646) for another round of testing. quality.

Next stop: the Loro Piana factory in Quarona, Italy, founded by the Loro Piana family in 1924. The batches (an industrial measure) of cashmere are transferred to a mixing machine, which opens the fibers and flattens them for the first time. This process allows for easier handling.

After being carded (disentangled and cleaned), the fibers are loaded into a spinning machine. Simply put, this is where the fibers become yarn and the yarn becomes fabric.

Now the yarn is ready to color. Loro Piana uses proprietary dye formulations for his clothes.

The actual garments are finally ready for manufacture, a process that is usually carried out by state-of-the-art knitting machines. Once the clothes are finished, they are inspected by expert eyes. Finally, they are packaged for distribution to Loro Piana’s 178 physical stores, e-commerce channels, and various retail partners.

The time between collecting a baby goat underwear and landing a sweater on a store shelf can be up to two years. Loro Piana officials estimate that more than a hundred hands can play a role in the creation of a garment. A Loro Piana cashmere sweater typically starts at $ 1,000, and more complicated styles cost between $ 2,000 and $ 3,000. And goats grow back their hair.


Facebook-Meta unveils “Horizon Worlds”, its first major step towards the metaverse


Meta is opening free access to its “Horizon Worlds” virtual reality platform to anyone over the age of 18 in the United States and Canada. Users equipped with a virtual reality headset will be able to play, walk and even organize events in the digital world of the company. Meta’s metaverse takes shape. Or at least, this launch of “Horizon Worlds” signifies Meta’s first public attempt in the realm. This vast multiplayer platform, originally built on an environment resembling “Minecraft”, a construction game with blocks, aims to unite players through different communities. Sociability and meetings will be at the heart of this project. In private beta tests that began in 2019, thousands of gamers held movie nights, comedy shows, and meditation sessions. The platform is only available to users of the Meta helmet, Oculus 1 and 2 quests.

Creativity is also in the spotlight. One can become a virtual creator of digital objects or even entire lands and environments with the tools developed by Meta. “Now we can open up and say we have some cool things people can do,” said Vivek Sharma, Horizon’s vice president of Meta at The Verge. This creativity is one of the fundamental characteristics of Meta.

Redefining the rules

Horizon Worlds allows users to rewrite code – at least to some extent – so that they can define physical rules themselves, such as how objects work. Imagination is at the heart of the process. Meta uses what are called “script blocks”. Each object can thus have a unique behavior. At the moment, Meta employees are behind the scripts and the company plans to publish a large free library of them. The American company could even reward creators of objects with benefits in the universe or even money.

Security and support are key aspects for exploring the universe in a harmonious way. Since everyone is a real person, the features allow users to block, mute, or report anyone who is disturbing or harassing attendees. To better understand the universe, guides specially created by users trained by Meta collaborators will be available.

While this is only the early days, and dipping a toe into this universe requires having a Meta VR headset, it represents the laying of the foundation stone for the company’s long-awaited and long-awaited Metaverse.

Read all the latest news, breaking news and news on the coronavirus here.


We need better policies for the crafts sector: Archana Shah, author


Each region of India has its own raw materials, craft techniques, textiles, patterns and color palettes.

“An emerging conversation about sustainability has become a priority on a large scale, especially as hand-woven textiles are a central part of our future,” says Archana Shah in an interview with Vaishali Dar. During a career spanning four decades in design, the 64-year-old mentor, researcher and traveler has not only established her name as the founder of the first textile fashion brand Bandhej, but finds a huge untapped potential in the textile industry. Kutch is her first love as the region finds prominence in her first book Shifting Sands Kutch: A Land in Transition written in 2013. Her endless fascination with traditional craftsmanship and its potential is clearly demonstrated in a recent good account. documented entitled Crafting a Future: Stories of Indian Textiles and Sustainable Practices enriched with many stories of craftsmen. Traveling the country up and down, Shah tells us about the diversity of artisanal textile processes and the reuse of many artisanal talents to rejuvenate the sector while fighting climate change. Extracts:

You have extensive knowledge of the different regions, the stories of craftsmen, yarns and textiles, as your book shows. What inspired you to write this?

Each region of India has its own raw materials, craft techniques, textiles, patterns and color palettes. Patan in Gujarat is famous for its lavish double ikkat sarees, the patolas. The warp and weft are both dyed in a predetermined pattern and intertwined for the design and it takes six to eight months to create a patola sari. I am very fascinated by handcrafted textiles, more than that, the know-how. All of the glorious textiles have been spoken and written, but not much about the artisans who created them. I wanted to tell their story. There has been a lot of talk that craftsmanship is no longer viable because the children of craftspeople see no future or meaning in it. This is not true. From 2018-20, I traveled to experience the reality of the field inside the weaving centers, the hand weaving projects, their manners, their clothing, their food, their intricacies, the perspectives of those involved in the process, in remote areas to find out what the artisans really want. . This book gave meaning to my wandering.

Kutch is covered prominently in your first book. This time too, the cover features Lilaba Bhavubha Jadeja from Abdasa village in Kutch. Your fascination with Kutch and its inhabitants continues …

I have worked closely with the people of Kutch and I love the land very much. It is a personal journey to the land to explore the people, traditions and crafts, and the changes over the decades. The latest book shows a generation of textile teachers – a grandmother teaching her granddaughter who is also interested in spinning. She is an educated girl but interested in learning the centuries-old art of cotton spinning on peti charkha. The pictures match my thoughts.

Can we say that the hand loom has the upper hand in the fast fashion world?

A craft product can produce five collections a year, but fast fashion can produce 52 collections. Young people who talk about climate change need to be more responsible. Do you really need 500 shirts or 50 shirts in a wardrobe? These are the choices we have to make. How much plastic waste and the use of substandard dyes goes to landfill? Khadi as a fabric lasted a long time and we never bought 200 pairs of clothes. This is slow fashion, where we buy less and the best.

Hand weaving is more durable than factory made fabric. Its strength lies in unique designs that are difficult to reproduce by electric looms.

Yes, hand looms have a distinctive look and feel compared to electric looms. But we need all kinds of productions so that it’s not against each other. When loom fabric is sold as a hand loom, I have an ethical problem. Looms cannot dress the world. We need different kinds of fabric for different market. Electric looms can be cleaner in their processes or in the use of natural dyes. Handcrafted craftsmanship has a human touch. The most important support is the marketing support for the weavers. We need to create a distinctive new identity for hand-woven fabrics, so that they are worth preserving.

So, is sustainable fashion more than a trend? What does the industry need to do to become truly green?

Handicraft production is intrinsically respectful of the environment; it employs more workers and is still not an organized sector. Handicrafts don’t use fossil fuels, but that doesn’t mean all practices are environmentally friendly. Gradually, people realize what pollutes their land, their food and affects their children. Small but important initiatives in remote villages are changing processes and thinking. For example, in the Himalayan region, where water is scarce, farmers have started using natural dyes so that toxic wastewater is free of chemicals and can be reused on the farm to grow vegetables. In Kutch, one village has stopped using naphthol dyes, instead introducing handmade dyes or installing effluent treatment plants to treat wastewater. We are well on the way to reducing industrial pollution, but there is still a long way to go.

What is the biggest threat to traditional hand-woven fabric: declining demand or declining weavers?

It’s like a Catch-22. The weavers are in decline because the demand in the market is such. If they continued to work even after the pandemic, they will continue to produce. Urban centers have fewer working machines and are automated, so fewer hands are used to operate the machines. The migrant workers returned to their villages. As a politician, we need a paradigm shift in the way we view development in the sector. Why can’t we create work in the villages? If we can provide a sustainable source of income in rural areas with basic facilities, there would be little reason to leave their hometown or their family. After agriculture, the handicrafts sector is the second largest sector in India, so developing products with the right speech can help people buy handicrafts.

When you launched the Bandhej brand in 1985, the focus was on traditional textiles and a range of eco-friendly handcrafted clothing for Indian women. What changes have you seen over the years?

More than the company, it is the brand’s confidence in the craftsman and his young generation that endures. There is constant product development and a loyal hand loom customer is always on the lookout for genuine products.

During this four-decade journey, what are your lessons for textiles as a designer, mentor, researcher and traveler. Which one did you like the most and why?

Everything is interconnected and gives a purpose to my trip. It’s an exciting process – the artisans at work, why they make things, the patterns they choose, the colors developed… The reason for noting all of this was the need to share what I saw throughout. my work in close collaboration with the craftsmen. But one of the most encouraging lessons from my trip was that money and crafts now empower women.

Climate change and unemployment are two challenges. How can the industry cope?

We are all in the midst of a crisis. More automation and artificial intelligence mean that all of this is doing away with repetitive jobs, but 90% of the world is making their own bread and butter doing those repetitive jobs. But the real problem is to work on the policies and to find a potential roadmap to uplift the sector.

Making a Future: Stories of Indian Textiles and Sustainable Practices
Archana Shah
Niyogi Books
Pp 276, Rs 1,495

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Sportswear market will increase positive revenue outlook

In-depth research added by Ample Market Research offering a comprehensive analysis of developments, growth prospects, driving factors and major players in the Sportswear market in the latest research report. The research study concisely dissects sportswear and unearths valuable estimates regarding profit projections, market size, sellability, and many other crucial parameters. Additionally, the Sportswear Market report assesses industry fragments as well as the driving factors impacting the compensation scale of this industry.

The report provides a systematic understanding of existing trends, growth opportunities, and market dynamics that are expected to shape the growth of the sportswear market. Various research methods and tools have been involved in the analysis of the Sports Clothing market, to extract crucial market information such as current and future trends, opportunities, business strategies, and more, which to in turn will help business decision makers to make a good decision in the future. The result of our research analysis estimated that the sportswear market is destined to perceive constant growth in the years to come.

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Competition landscape

-Business strategies of the main players in the sportswear market.

– Analysis of the product offer and development.

-Analysis of market shares and positioning.

-SWOT analysis of the main market players.

– Industry-wide business strategies and trends.

Competitive landscape- LiNing, 361sport, Adidas, Columbia Sports Apparel, Hanesbrands, Billabong, Amer Sports, PEAK, Ralph Lauren, Gap, Anta, ASICS, Under Armor, Lululemon Athletica, Xtep, Nike, Puma, VF, Kappa

The Sportswear market has been divided into several crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report taking into account its market acceptance, value, demand, and growth prospects. The segmentation analysis will help the client to personalize his marketing approach to better control each segment and identify the most prospective clientele.

Market Analysis by Applications: Professional sportsman, Amateur sportsman

Market Analysis by Type: Shirt, Coat, Pants, Skirts, Other

Market Analysis by Regions: North America (covered in Chapters 7 and 14), United States, Canada, Mexico, Europe (covered in Chapters 8 and 14), Germany, United Kingdom, France, Italy, Spain, Russia

The research aims to answer the following doubts regarding the sportswear market

  1. Which end user is likely to play a crucial role in the development of the Sportswear market?
  2. Which regional market is expected to dominate the sportswear market in 2020?
  3. How are consumption trends affecting the operations of market players in the current Sportswear Market scenario?
  4. Why are market players considering opportunities in region 1?
  5. What is the growth outlook for the Sportswear market in Regions 1 and 2?
  6. What impact has COVID-19 had on the growth and size of the sportswear market?

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  1. Analysis of the impact of COVID-19 on the Sportswear market

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Contents:

Chapter 1 Market Snapshot

Chapter 2 Industry chain

chapter 3 Environmental scan

Chapter 4 Market segmentation by type

Chapter 5 Market segmentation by application

Chapter 6 Market segmentation by region

Chapter 7 Competitive market

Chapter 8 Main suppliers

Chapter 9 Conclusion

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Saks CEO Marc Metrick says ecommerce division makes sense for luxury retailers – NBC New York

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  • Saks Fifth Avenue CEO Marc Metrick said on CNBC’s “Closing Bell” that separating the e-commerce and physical aspects of the business made sense for the luxury retailer.
  • Saks’ parent company divested the digital business of the luxury department store earlier this year.
  • Activist investors have pressured Macy’s and Kohl’s to take similar action.

Saks Fifth Avenue CEO Marc Metrick said on Friday that dividing the e-commerce and physical sides of the luxury retailer into two companies allows it to gain additional buyers and welcome them differently.

“It’s a new goal and a new way of running the business and the customer is actually the biggest winner,” he said in an interview on CNBC’s “Closing Bell”.

He said the spin-off allowed the brand to think beyond the store.

“A traditional department store has to ask, ‘What is the business doing right now? What is it doing today?’” He said. “Instead of spending capital on investing in your physical factories, you are spending on marketing, investing in the future of your customers. And that’s a much better way to grow the business for the long term.”

The parent company of the luxury department store, the Hudson’s Bay Company, announced in the spring that it would transform Sak’s website into a stand-alone business. Metrick is now the leader of this digital company. The move prompted activist investors to pressure Macy’s and Kohl’s to take similar action.

Macy’s CEO Jeff Gennette said last month the retailer hired consulting firm AlixPartners to overhaul its business structure, after a push from activist investor Jana Partners.

Kohl CEO Michelle Gass told CNBC’s Sara Eisen in an interview on Wednesday that she was studying the idea after receiving a letter from activist group Engine Capital urging the company to sell or split its commerce division. electronic.

However, some prominent retail voices have questioned this approach or described it as a financial game to increase valuation rather than a winning business strategy.

Mickey Drexler, who has led some of the biggest names in the cast, most notably Gap and J. Crew, said in an interview on CNBC’s “Squawk Box” this week that the separation of the company creates rather than solves problems since the two sides are so closely related.

“It doesn’t make sense to me,” he said. “That’s the simple answer.”

Metrick didn’t say the model would be good for other retailers.

“Right now what I’m focusing on is that it was the right thing for Saks to do,” he said. “This is where we want to be with our consumers. This is how we were positioned. This is how luxury is going to evolve in the future. And I haven’t really thought about the others. I’m just really focused on Saks right now. “


The best little dresses 2021 for all occasions


At 5’2 ”, the search for the best little dresses for women is what I embark on every season. If you’re like me and under 5’4 “, you know full well that finding dresses that are fashionable but tailored to our figure is no easy task. Over the years, I’ve learned to accept my height when I realized that despite the towering height of my peers, friends and coworkers, I wasn’t getting taller, nor did I commit to wearing heels regularly (no, thanks!). found dresses to be my favorite uniform style for the office, dinner parties, parties and beyond. I love wearing dresses of all styles and shapes: maxi, midi and mini. Especially during the summer season. fall and winter I like to wear them up or down with a quick change of shoes, be it flats, boots or heels. Also make sure you have your tights at hand.

When shopping for a dress, especially online where you can’t try before you buy, it can be difficult to know if it will fit perfectly on you or if it falls way past your feet. A trip to the tailor is always an option, but for my schedule or budget, it’s not realistic. I usually reserve tailoring only for special occasions. This is why I always make sure to check the length of the garment before purchasing. If it’s 51 inches and under you’re in the clear, but for me the sweet spot is 40-45 inches. Almost all online retailer sites will provide these metrics, and it takes little or no time to verify. Over time, you’ll get rid of the clutter by finding the brands and designers that best match your style and seem to fit your frame perfectly. My favorite is Proenza Schouler, whose dresses fit me like a dream.

Coming up, shop for 30 of the best little dresses for women that can be worn throughout the fall and winter seasons no matter what you’ve marked on your calendar.

The sweater season

There is nothing cozier, more comfortable or more chic than a stylish sweater dress, especially when worn with a pair of high boots. Keep it simple with a monochrome version or play around with texture and color with a wintery cable-knit version from Ralph Lauren or a ribbed-knit option from Proenza Schouler. For something more playful, consider a color block palette from Sacai or YanYan.

Theory belted wool and cashmere-blend midi dress

Proenza Schouler Contrast-Trim Ribbed Sweater Dress

Polo Ralph Lauren cable-knit mini dress

Sacai asymmetric belted belted wool-blend dress

Naadam turtleneck cashmere dress with slits

Image may contain: Clothing, Clothing, Home Decor, Sleeve, Pajamas, Long Sleeves, Dress, Linen, Sweater, Coat and Overcoat

Lisa Yang Lauren ribbed cashmere maxi dress

Image may contain: Clothing, Clothing, Sleeve, Long Sleeve, Sweater, Dress and Cardigan

Yanyan long-sleeved tweedle midi sweater dress

Image may contain: Clothes, Clothing, Coat, Cloak, Trench and Suit

Alexander McQueen ribbed wool midi dress

Belted and fitted

Add a little sewing to your dress by styling a dress with a belt. Tightening the waist will give your outfit an amazingly flattering A-line silhouette for petite women.

Chloé belted ruffled striped wool midi dress

Michael Michael Kors Belted floral-print crepe de chine midi dress

Valentino Belted Pleated Midi Shirt Dress

$ 4,600$ 2,760

BERGDORF GOODMAN

Self-Portrait Belted Crepe Midi Dress

Polite and professional

For those days at the office where you want a unique look, consider a splashy stained version of Joseph Altuzarra that goes against the grain or go for the turtleneck and pleated skirt set by Stella Jeans which deceptively isn’t. only one set.

Altuzarra Lucie – Tie-dye silk crepe de chine midi shirt dress

Weekend Max Mara Otaria Houndstooth Shirtdress

Stella Jean Roll Neck Mix Media Dress

Short and sweet

If you are the mini dress type, these dresses are stylish and ready for all your projects this winter. For a weekend outfit, Isabel Marant’s floral canvas dress will go very well with your teddy coat or Rixo’s velvet wrap dress is ready to wear on a date night.

Isabel Marant Étoile Marili floral-print cotton voile mini dress

Zara jacquard ribbon dress

ALC Ivy stretch-knit mini dress

Rixo Iris floral-print devoré silk-velvet wrap mini dress

Transparent and shimmering

Since it’s the holiday season, adding a little shimmer to your dress is a nice way to stay festive as you ring the bell in 2022.

Ulla Johnson Minerva Sleeveless Midi Dress

Christopher Kane crystal-embellished crepe midi dress

Rhodes ALC gathered-cut lamé midi dress

Self-Portrait Pleated Midi Dress

Vince draped off-the-shoulder crinkle-satin maxi dress

Banana Republic Sequin Pleated Mini Dress

Holiday Velvet

It wouldn’t be a vacation without velvet. Saloni’s crystal-bow velvet dress is one of the favorites of Vogue.com executive fashion director Rickie De Sole, who is also part of the little family.

Saloni Camille crystal-bow velvet midi dress

Hill House Home Jasmine Nap Dress

Reformation Oda velvet dress


Satisfy your desire to travel by buying your favorite destinations


Little by little, the world is gradually opening up again. But that might not mean you’re ready to pack your bags and jump over the Atlantic Ocean just yet. Many travelers, even the most seasoned, may hesitate to put their nomadic legs back on. But, if you want to satisfy your travel urge, you can create your holiday shopping list inspired by around the world with purchases from your favorite countries.

Whether you love the rolling Tuscan vineyards of Italy, the wonderful charm of Japan, or the warm and hyggeic vibe of Denmark, there is a range of products that are perfect to give as a gift – and maybe a little retail therapy for you too. yourself, of course.

All of our top picks below are either made in the respective country or founded by entrepreneurs in the country. When you shop with them, you are fulfilling your travel urge and supporting the global economy. For us, it’s a win-win!

With a vibrant culture and mouth-watering cuisine, India is a special place to visit to expand your world view. It offers travelers the chance to immerse themselves in a deep and fascinating history and explore ancient traditions that date back thousands of years.

Rooshy Roy, the founder of AAVRANI, is a first generation Indo-American, but she made annual trips to Kolkata, India, where she learned family rituals and recipes. She was inspired by this experience to start her skin care business. This complete set uses the healing properties of turmeric to leave skin looking radiant and glowing. Inside you’ll find an exfoliant, serum, moisturizer, and elixir.

When you think of Canada, do you imagine the gastronomic delights of Montreal? Perhaps the breathtaking slopes in Whistler? Or maybe, just maple syrup, nice people and snow? There is a lot to love about North America’s neighbors, and these brands prove it.

If you like chunky down jackets but don’t want to wear real feathers to keep you warm, Noize’s vegan line is perfect for you. The brand is led by George Batchoun, a Quebec entrepreneur who runs Noxs designs, which sells and produces 10 different Canadian brands, including Noize. This high-quality, luxurious yet affordable, PETA-approved vegan coat will keep you or your gift recipient warm all season long.

Your beloved pooch deserves a gift to unwrap this holiday – and really, this pick is a gift for you too. Founded by the French Jonathan Bensamoun and the Canadian Loren Kirkby, you will support two countries by giving your puppy this GPS compatible smart collar. When they’re wearing it, you’ll be able to track their location, health info, sleep, and other data all from your phone. Can we also suggest adding a chew stick to it?

There is good wine, beautiful views, fresh pasta and olive oil and passionate people. What’s not to love about Italy? These gifts will remind you why this shoe-shaped country is a must-visit for almost any traveler, young and old.

Cosabella Bella Short Sleeve Top and Boxer Set ($ 100.50; cosabella.com)

Since 1983, the husband and wife team Valeria and Ugo Campello have developed their luxury lingerie and loungewear business Cosabella. The name translates to ‘beautiful thing’ – and that’s exactly how you’ll feel when you wear this top and pajama set. The company’s products are still made in Italy and fans rave about the silky smooth texture and feel.

It’s an Italian holiday tradition that you just can’t miss if you love all that is in Italy. Here’s the deal: There are plenty of legends circulating about how Panettone became a Christmas staple. The most popular is the Legend of Toni, which tells the story of a young kitchen boy who burned the Duke of Milan’s desserts on Christmas Eve. To remedy the situation, he creates panettone, a dessert bread. In the early 1900s, Italian immigrants brought its festive food to the United States, and it became a staple for Italian Americans as well. Choose from lemon cherries, double chocolate wine from Malvasia or olive oil and blood orange from Bona Furtuna for your holiday season.

Venchi Fine Italian Chocolates – Assorted Chocolates Gift Box ($ 58; amazon.com)

Founded in 1878 by 20-year-old aspiring chocolatier, Silviano Venchi, these rich treats were first created in a tiny apartment in Turin. Today they are still made in Italy but appreciated all over the world. In this beautiful gift box you will find a collection of dark and milk varieties, perfect as a gift for your holiday hostess.

With great skin care, great vodka, and lots of personality, Russia challenges travelers with its people and architecture. If you have been to this part of the world, you have probably tasted some interesting dishes and been in awe of the scenery of the city and the countryside.

Founded by Russian entrepreneur Maria Karr, this skin care website has a plethora of beauty products. We love this option from Botavikos that cleanses your pores organically, with 99.2% natural ingredients. In fact, it’s PETA certified to be cruelty-free and vegan. A great stocking stuffer idea for your overworked best friend, this serum uses niacinamide and essential oils like mint and cotton to brighten and soothe your complexion.

Coveted for its approach to skin care and clean beauty, South Korea has taken the beauty world by storm. If you can’t make your way through South Korea’s delicious food markets, you can at least run after her fresh skin secrets with these gift ideas.

Give the gift of a professional-quality manicure with these beloved ManiMe self-adhesive nails. It was co-created by South Korean entrepreneur Jooyeon Song and offers bespoke adhesive gel manicures and pedicures. It works thanks to its exclusive 3D modeling, machine learning and laser cutting technologies. Each set is designed to match your recipient’s specific nails, resulting in a polished and professional final look.

Founded in 1969 by Imsoon Yoo, Mediheal has been creating coveted skin care products for decades. In addition to its best-selling line of face masks, it also offers luxury serums and moisturizers, like this uniquely formulated product. Perfect as a Christmas stocking, it’s made with superfoods, vitamins, minerals, and hyaluronic acid to add volume and hydration all in one.

From the beaches of Tulum and Cancun to the bustling capital, to the mountains of Oaxaca, Mexico has a lot of variety to explore. The artisans of the country are incredibly talented and versatile, which makes it difficult to choose just one gift idea.

Want to improve the balance of your whole family? If so, this rocking board will be a fun vacation challenge. It was created by Mexican entrepreneur Ana Cecilia Parra Nava and is intended for children, but can be tested by adults. It’s one of the company’s most popular items and will provide hours of play from toddlers to teens.

Handcrafted Blown Glass Tequila Shot Glasses by UNICEF Market ($ 49.99; unicef.com)

The best part about buying these Handmade Mexico Tequila Shot Glasses is that your vacation shopping is giving back to those in need around the world. In fact, this purchase can provide dozens of measles vaccines for children. Plus, the glasses are a fun gift for your friend who regularly goes on vacation to Mexico. We suggest pairing it with a good bottle of tequila so they can test them out.

This West African country leaves an impression on all who visit it. With its friendly locals, rich culture, and miles of beaches, Ghana is an energetic country – with plenty of options for gifts.

Christie Brown is a luxury fashion brand from Ghana. Founded by Aisha Ayensu in 2008, the brand designs clothing for the citizen of the world, with all of its products made in Ghana. This gorgeous tulle skirt is the perfect gift for the fashionista in your life. Or check out other clothing and accessories from the Christie Brown collection.

A trip to Vietnam to roam the rice paddies, soak up the local cuisine and lush mountain peaks might not be possible anytime soon. That doesn’t mean you can’t shop with international inspiration to satisfy your travel urge.

Have you ever tasted Vietnamese coffee? Otherwise, you will be in for a treat. Rich in flavor, powerful in punch and silkier than other varieties, this is a thoughtful gift for any coffee lover. Debbie Wei Mullin founded the company and she uses her heritage to guide the flavors. This set comes with all of their bestsellers to create that perfect cup of Vietnamese coffee to pour.

The dazzling madness of Tokyo, the serenity of Kyoto and the zen of Kinosaki are just a few of the wonders of Japan. Fortunately, you can still satisfy your Japanese binge with this holiday gift.

In Japan, matcha is a very popular tradition. While it may be an acquired taste for many, for the lover of tea and design, this luxury gift will delight them. Cuzen was founded by Eijiro Tsukada and offers high-end products. Beautifully crafted, this set comes with the maker and three varieties of shade grown organic matcha leaves. It is also wrapped in a durable Japanese gift wrapping fabric for an added touch.

As one of the happiest places on the planet, Denmark is calm, welcoming and colorful. Without forgetting: cozy. The country’s hygge tradition stretches from town to country and is easy to replicate at home during the holidays – and beyond.

Skandinavisk HIBERNATE Gift set of 3 mini scented candles ($ 68; Libertylondon.com)

Founded by Danish entrepreneur Shaun Russell, this lovely gift set helps you deliver hygge vibes to your loved ones. It includes nods from other Scandinavian countries and comes in an FSC certified box that can be reused. Scents include Skog, which is Swedish for the forest, and has notes of pine needles and fir cones. Next, Hygge, which is Danish for comfort, and offers notes of black tea mint leaves and dried apples. Finally, Koto, which is an old Finnish for the house, and has notes of vanilla pods, dried orange peels and bitters.

Looking for a travel credit card? Find out which CNN Underscored cards chose as our best travel credit cards of 2021.


Cairo FinTech start-up Sympl raises $ 6 million for expansion


Sympl, a Cairo FinTech start-up, raised $ 6 million following the smooth launch of its platform last month.

The funding round was led by Dubai-based start-up venture capital fund Beco Capital, with participation from Global Ventures, an international venture capital firm in Dubai, and headquartered venture capital firm A15. is in Cairo.

The funds will be used to improve product offerings and grow the company’s merchant network to “serve multiple categories of products and services among online and in-store merchants,” Sympl said in a statement Thursday.

We identified the huge potential for payment options later in Egypt and created an intuitive and enjoyable product to help customers buy by giving them access to easy, flexible, and interest-free payment plans.

Mohamed El Feky, co-founder and CEO of Sympl

“It’s a proud moment for the entire Sympl team to see market traction on the platform and to be supported by the strongest VCs in the region in our first phase of launch. “ noted Mohamed El Feky, co-founder and managing director of Sympl.

The first Egyptian service “save your money and pay later”, Sympl is a deferred payment platform that allows merchants to sell products and services directly to bank cardholders on short-term, interest-free repayment plans.

The global payments industry, which recorded its first contraction in 11 years in 2020 amid the Covid-19 pandemic, is expected to resume its long-term growth path, according to the management consulting firm McKinsey & Company Annual Segment Report.

Industry revenues fell 5 percent on the year to $ 1.9 trillion in 2020, but those losses will be recouped this year, bringing revenues back to the 2019 record range.

Sympl, which is now accepted in more than 240 retail and online stores in Egypt, serves product and service categories such as electronics, fashion, home appliances, furniture, travel, healthcare , jewelry and education. It aims to reach 1,000 stores by the middle of next year.

“The enormous market opportunity is highlighted by this capital increase… [and it recognised] Sympl’s ability to scale and disrupt Egypt’s deferred payments industry and the size of the market opportunity, ”said Mr. El-Feky.

“We identified the huge potential of payment options later in Egypt and created an intuitive and enjoyable product to help customers buy by giving them access to easy, flexible and interest-free payment plans… users can enter into a transaction in less than 10 seconds. “

Sympl does not require any pre-registration and payment plans are approved upon final payment. Since October, it has partnered with some of the main Egyptian merchants, such as Apple reseller Tradeline, authorized reseller Sony PlayStation Xprs, and fashion brands such as Tfk, 2S and Blush Boutique.

Separately, Mambu, another start-up, a Netherlands-based banking software provider, said it had raised 235 million euros ($ 265.9 million) in a new round of funding led by EQT Growth, based in London. He brought the company’s valuation to 4.9 billion euros, making it one of the most valued business-to-business software as a service companies in Europe.

We want to be able to empower our clients to build any financial product anywhere in the world and create amazing customer experiences.

Eugene Danilkis, co-founder and CEO of Mambu

Founded in 2011, Mambu has 10 offices in cities such as Abu Dhabi, Dresden, Amsterdam, London and Singapore.

“We want to be able to empower our clients to build any financial product anywhere in the world and create amazing customer experiences,” said Eugene Danilkis, co-founder and CEO of Mambu.

“This latest round of funding will allow us to accelerate our plans to expand our core banking platform to enable more composable business models that are agile and constantly evolving.”

The company’s SaaS banking platform aims to simplify the way financial products are built and deployed by financial institutions. In addition to creating new FinTech products, it helps in the migration of existing financial institutions to modern technology stacks.

Its clients include banks, lenders, FinTechs and financial institutions, with more than 50 million end users who use Mambu technology every day.

The business banking and securities software market is more than 100 billion euros ($ 113 billion) and is growing in double digits annually, according to Gartner.

Update: December 10, 2021 5:00 a.m.


Sri Lankan clothing exporters seek to collaborate to realize industry’s potential – The Island

Sri Lanka’s garment industry has risen to the challenges posed by the pandemic and the sector can contribute more to the country’s economy, provided all stakeholders work together to address critical constraints, garment exporters stress.

These views were expressed at the recent 39th Annual General Meeting (AGM) of the Sri Lanka Apparel Exporters Association (SLAEA), the pioneering association representing the country’s garment exporters.

Clothing exporters have stressed the need for COVID-19 vaccine recalls for staff, addressing domestic macroeconomic constraints – especially the lack of foreign exchange – and increasing access to export markets, so that the industry is realizing its potential.

During the event, the SLAEA executive committee expressed its appreciation for the role played by health and other public authorities in the vaccination of 350,000 employees in the garment industry. However, clothing exporters have stressed the need to obtain COVID-19 recalls for workers in the sector, as the six-month window since the rollout of vaccinations is fast approaching.

In addition, clothing exporters discussed the vital importance of retaining Generalized System of Preferences (GSP) Plus trade concessions to the European Union as well as the UK. It was noted that the country needs to strengthen access to other key and emerging export markets.

“The contribution of the garment industry to the Sri Lankan economy remains unprecedented, a fact duly recognized by the government,” said SLAEA 2021/22 Executive Committee Chairman Aroon Hirdaramani. “However, we are now facing significant problems in the context of the country’s foreign exchange reserve shortages and general economic problems. In collaboration with our umbrella organization – the Joint Apparel Association Forum (JAAF) – we are working with authorities on solutions that can continue the growth observed from 2021, with minimal disruption. “

The President of SLAEA also welcomed and appreciated the contribution of the Executive Committee and the members of the association. Under the leadership of the Executive Committee, to overcome the disruption induced by the pandemic, the SLAEA has undertaken several key initiatives. These include the key role played by the association and its individual members in working with authorities on worker safety and vaccinations, as well as the rebranding of the SLAEA.

In 2020, as part of its rebranding, SLAEA rolled out a new logo, website and video promoting the industry, the culmination of over a year of diligent activity by the association’s brand committee. SLAEA seeks to leverage more digital tools to strengthen the positive positioning of Sri Lanka’s garment industry, in order to help increase its market share.

The SLAEA Executive Committee for 2021/22 includes: President – Aroon Hirdaramani (Director – Hirdaramani Group), Vice President – Indika Liyanahewage (CEO – Eskimo Fashions Knitwear), Rehan Lakhany – Past President (President – Original Apparel) and Hon. Treasurer – Jeevith Senaratne (Senior Manager Business Analysis – Star Garments).

About SLAEA

Founded in 1982, the Sri Lanka Apparel Exporters Association is the pioneering association of the garment exporting industry in Sri Lanka. It has 72 clothing manufacturers in the country, which account for over 70% of the country’s clothing exports. SLAEA members plan to transform Sri Lanka into the world’s leading clothing sourcing destination.

7 artisan labels to know from In Todo, a new BIPOC fair perfect for holiday shopping


Founded by South Asian designer Sheena Sood, Abacaxi takes its name from the Portuguese word for pineapple. Rightly so, the line’s designs are all inspired by travel and the vibrant hues of nature. Here you will find colorful summer dresses, tie-dye jumpsuits and turtlenecks, as well as babydoll dresses in bright and cheerful colors.

Lesse productsPhoto: Courtesy of Lesse

Lesse is an organic skin care brand with a “less is more” approach. It was founded by Neada Deters, a former beauty editor who saw the need for a leaner skin care line made with high quality organic ingredients. The range offers vitamin C serums, charcoal masks and cleansers based on aloe vera and charcoal.

Articles by TlalipaniPhoto: Courtesy of Tlalipani

Founded by husband-wife duo Fabiola Lara and Sabith Khan, Tlali Pani is a lifestyle brand that partners with various artisans to make their stylish home products. The range includes striped pillow cases, embroidered tablecloths and brightly colored rugs.

Zou Xou’s shoesPhoto: Courtesy of Zou Xou

Zou Xou sells exquisite shoes that are handcrafted by Argentinian shoemakers, using traditional techniques and premium leathers. Chic options from founder Katherine Theobalds include Mary Jane flats, block heel ankle boots, and check zipper sandals.

A design from Georgia ic25Photo: Courtesy of Georgia ic25

This genderless line offers clean and minimalist clothing for everyone. Designed by Maria Dora, the line includes workwear-style pants, cropped knit tank tops and khaki chore jackets that can be worn with just about anything.

A bag by Luz CollectionPhoto: courtesy of Luz Collection

For the bag lovers on your vacation list, Luz Collection founder Chantale De Breceda has a style for everyone. Her Las Rayas striped knit tote, available in a variety of colors and particularly striking, is the perfect bag to give to someone about to go on a beach vacation.

Earrings by BRWNGRLZPhoto: Lara Kaur

Fans of jewelry will certainly find something beautiful in the BRWNGRLZ line. The handmade, laser-cut jewelry line, led by women of color, includes statement styles such as half-moon-shaped earrings, sunflowers, and even Balikbayan boxes.


Miami Art Week leaves local industry ‘booming’


The annual exhibit returned to in-person events this year with a very positive reception. And art experts at the university believe the event continues to help propel the market year round.



Miami Art Week was back in full force this year.

At least that’s the energy and sales that some of the top art experts at the University of Miami have noticed.

Over the past week, thousands of art collectors, spectators and gallery owners have flocked to Magic City for Art Basel and a host of art fairs that coincide with the Miami Beach event. Those who attended the fairs said they felt invigorated by the art and that attendance after last year’s in-person festival was canceled. And organizers of Art Basel and other events have said sales of contemporary art from the United States, the Caribbean and the Americas have been buoyant, with many pieces grossing more than $ 1 million. .

“Miami Art Week sales are an indicator that the art market is extremely strong right now,” said Jill Deupi, director and curator of the University’s Lowe Art Museum. “It’s booming.”

Although Miami has always had an art industry, experts agree that Art Basel’s decision in 2002 to relocate to the United States in this city helped accelerate the expansion of the offer.

“There is no doubt that Art Basel was an essential catalyst for everything that came out of it,” said Deupi. “Lots of private collections and museums would have opened anyway, but the Basel bump is real because it puts Miami at the forefront as a city of art to be reckoned with.”

Each year, more art fairs are added, providing more outlets for galleries and art dealers to sell their pieces, as well as greater variety for collectors. When Art Basel Miami started this year, at least 13 others art exhibitions dot the city, as well as at least two fashion showsby Louis Vuitton and Chaneland a host of other gallery openings. Art student Alejandra Moros exhibited her work at NADA Art Fair, while business graduate student Mariana Cordoba exhibited at PINTA Miami. Former student and ceramicist Lauren Shapiro also made her debut installation of a lost coral reef at the Royal Palm South Beach Hotel.

“In recent years, Miami Art Week has grown so much that these fairs or events no longer focus on a single event (Art Basel Miami Beach); instead, the city focuses on many different fairs which include not only visual art, but also performance art and fashion, ”said Nathan Timpano, associate professor and chair of the Department of Art and History art.

Besides the economic benefit of tourists visiting Miami, Art Week also helps locals and visitors appreciate the city’s modern art venues year-round, including the Pémiami art museum floor, the North Miami Museum of Contemporary Art, the Little Haiti cultural center and the city’s newest art museum, the Institute of Contemporary Art, Miami. And philanthropists who attend Art Week can help support artist-in-residence programs after their visit to Miami, allowing emerging artists to flourish locally, said Timpano.

In addition, the University’s commitment to having a space in the city’s arts district, where students can exhibit their work, is extremely beneficial to anyone at U who wishes to pursue an artistic career, said Milly Cardoso, director and curator of Wynwood Gallery. In previous art weeks, two students were pictured in a private gallery after an art dealer walked in and noticed their work. This year, a student sold a work exhibited in the gallery.

“We have visitors from all over the country and the world, and a lot of them are visiting the Arts District. So it’s exposure to a whole different audience for our students, ”she said. “The last week has been really great, and it’s amazing for our students to have this space in Wynwood because it’s an opportunity for them to connect with gallery owners from New York, Los Angeles and beyond.”

So what were the highlights of Art Week?

Deupi, Timpano and Cardoso all enjoyed the smaller Design Miami / exhibition, carefully curated and within walking distance of the larger Art Basel event. They said the sculpture of an electrified Lexus by assistant professor of architecture Germane Barnes was a treat to see in person, and Deupi also enjoyed a sculpture of a sink that was a collaboration between Miami-born artist Daniel Arsham. and Kohler, the plumbing company.

Additionally, Timpano and Deupi agreed that the greater diversity of stands and gallery owners at Art Basel this year was refreshing. This broader perspective was also reflected in the art, which featured works dealing with gender identity, as well as race, class, and origin. There was even work by two Native American artists that Deupi was happy to see included.Kay WalkingStick, a Cherokee painter, and Jeffrey Gibson, a painter, textile artist and sculptor descended from the Choctaw and Cherokee tribes.

“These artists who have been left in the shadows for so long are now receiving the praise they deserve in a more focused way than before the pandemic or the murder of George Floyd,” said Deupi.

Timpano added that there was a minor emphasis on the black body dusted throughout the five exhibits he visited last week.

“We find that the Black Lives Matter movement is still finding a voice in the contemporary art scene,” said Timpano. “There was also a particular emphasis on what it means to be a non-white artist… And in Miami that can also mean the body of the Black Caribbean. So this particular dialogue and discourse was interesting to discover in this year’s shows.

Deupi pointed out that there is a lot of figurative art, which often showcases the human body.

“I think there was a link between the pandemic blockages and the painting of the human figureeither alone or interacting with others, as opposed to abstract art, ”she said.

Emphasis has also been placed on NFTs, or non-fungible tokens, a new type of cryptocurrency used to purchase digital artwork. According to Deupi, the Lowe plans to acquire digital art, which was exhibited in many Art Basel stands.

“These people who know technology well and understand the future of this technology have been drawn to the novelty that surrounds electronic media, art, commerce and commerce,” added Timpano.

No matter how the Miami art world grows, art experts believe the future is bright for the Miami art industry.

“Miami has always been incredibly diverse, but internationally we are now taken more seriously. So the idea of ​​someone building a collection here, rather than flying to New York, is much more easily accepted, ”Deupi said.

Timpano agreed. “A lot of cynical people will say Miami Art Week only lasts seven days and then Miami is forgotten, and I don’t think it is,” he said. “On the contrary, Art Week is an opportunity for local artists to showcase their work and attract more work after the other 51 weeks of the year.”





Torrid Announces Planned Retirement of Chief Financial Officer George Wehlitz After First Quarter of Fiscal 2022 | New


CITY OF INDUSTRY, Calif .– (BUSINESS WIRE) – December 8, 2021–

Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a brand of clothing, underwear and accessories sold direct to consumers in North America for women sizes 10 to 30, today announced that Chief Financial Officer George Wehlitz has made a decision to retire at the end of the first quarter of fiscal 2022. Mr. Wehlitz will remain in his role until the completion of the annual financial documents of the Company for fiscal 2021 and will serve as adviser to the Company following his retirement to ensure a smooth transition. Torrid is currently looking for Mr. Wehlitz’s successor and will consider internal and external applications.

“I would like to thank George for his invaluable contribution to the success of our business, including playing an important role in our separation from Hot Topic and our transition to a public company. The management team and I look forward to his continued support in the months to come as we continue to implement our growth strategy, ”said Liz Munoz, CEO of Torrid.

Mr. Wehlitz said: “I am extremely proud of our accomplishments during my tenure as CFO, including the recent milestone of becoming a public company. I am committed to working alongside Liz and the Torrid team to ensure a smooth transition from the role of CFO.

About TORRID

TORRID is a direct-to-consumer clothing, underwear and accessories brand in North America targeting curvy women aged 25 to 40 who wear sizes 10 to 30. TORRID focuses on cuts and offers high quality products in a wide assortment which includes tops, bottoms, denim, dresses, underwear, sportswear, shoes and accessories.

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CONTACT: Investors

ICR, Inc.

Jean Fontana

(646) 277-1214

[email protected] Media

Joele Frank, Wilkinson Brimmer Katcher

Michael Freitag / Arielle Rothstein / Lyle Weston

(212) 355-4449

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ONLINE RETAIL MODE OTHER CONSUMERS WOMEN CONSUMERS SPECIALTY

SOURCE: Torrid Holdings Inc.

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PUB: 08/12/2021 16:06 / DISC: 08/12/2021 16:06

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Centric Software® PLM and Higg join forces to enable digital transformation

Brands, retailers and manufacturers assess the environmental impact of material choices before product launch

CAMPBELL, California, December 8, 2021 / CNW / – Centric Software, the market leader in product lifecycle management (PLM), is proud to announce its partnership with Higg, the sustainability analysis platform. Centric Software provides the most innovative business solutions to plan, design, develop, source and sell products such as clothing, footwear, sporting goods, furniture, home decor, cosmetics, food and beverage and luxury goods in order to achieve the strategic and operational goals of digital transformation.

Through the integration of Centric with Higg, designers have access to environmental impacts at the material level.

Centric PLM ™, the leading PLM solution for the apparel industry, is now integrated with Higg to provide product designers with data on the environmental impact of material choices.

Designers and product developers will be able to send materials from Centric PLM to Higg with one click and receive impact scores for each material choice, such as its carbon footprint and water usage, using the set. most reliable and reliable durability data available. A product score is automatically generated once the bill of materials (BOM) is complete. Higg also provides information on options and the impact of the product at the end of its use. Brands, retailers and manufacturers of all sizes can access Higg data through Centric PLM, no matter where they are in their sustainability journey.

“The increased transparency and visibility allows teams to make decisions with environmental impact in mind while ensuring that target product margins are achieved, using data that is reliable and accessible on a single platform,” says Ron watson, vice president of products at Centric Software. “When also combined with other technologies such as 3D material libraries, avatars and prototypes, as well as optimized processes such as effective collaboration with suppliers, not only the environmental impact of ‘a product can be reduced, but also the overall cost of goods sold. Being sustainable doesn’t mean killing growth or profitability.

“Through Centric’s integration with Higg, designers have access to environmental impacts at the material level, enabling them to make critical decisions to develop more sustainable products,” said Higg CEO. Jason kibbey. “Conscious consumers demand high quality, environmentally friendly products, and with Higg data, businesses can meet those expectations.”

“Like all of our innovations, the integration of Centric PLM with Higg was developed in collaboration with our customers,” says Saurabh Deshpande, Director, Product Management at Centric Software. “We pay close attention to the needs and challenges of our customers, and sustainability is currently a central issue for many of them. We have developed a close relationship with Higg, working together to provide brands, retailers and manufacturers with accurate sustainability data. “

Many Centric customers are already using PLM to drive and monitor sustainability initiatives, and look forward to the increased efficiency and precision that the integration will bring.

“Centric PLM is a very important part of our digital transformation journey. Its interconnection with Higg will help Epic analyze and understand the environmental impact of our products and help us deliver lower impact and more sustainable product offerings to our customers, ”said Ranjan Mahtani, Executive Chairman of Epic Group.,

“The importance of having standardized systems for collecting data across the industry is crucial if we are to make the right decisions and have the right impact,” says Kathleen buckingham, Director, Sustainable Development at tentree & veritree. “Without having standardized approaches, methodologies will not be comparable. With an agreed standardized system, companies can benchmark and be able to learn from their peers from a standardized methodology. Since Higg provides the industry standard for apparel, it can be trusted to reflect the latest science and specific needs.It will benefit from input from a network of users and grow to adapt to the needs of industry as needs change Access to Higg integrated with Centric PLM will streamline the process of data collection and analysis and reduce confusion regarding alternative systems.

“It is important for us to be able to offer our customers full transparency about our products, where they are made and the materials they contain. Centric Software’s solution allows all data to be continuously backed up at the product level, so that we can then easily retrieve all material data, which facilitates our sustainability reporting, ”says Åsa Andersson, Head of Sustainability at Peak Performance.

“We are proud to partner with Higg, who is leading the way in guiding consumer goods companies through the maze of sustainable sourcing,” says Chris groves, President and CEO of Centric Software. “The integration of Centric PLM with Higg will enable our customers to make better choices that benefit their environmental impact, their brand reputation and their bottom line.

Join tentree, Higg and Centric in the AAFA online event at December 16, 2021, as they discuss how product designers can access material data to improve their design process. SUBSCRIBE.

Request a demo

About Higg (www.higg.com)

Higg is the sustainability information platform for consumer goods companies – providing software and services to measure, manage and share supply chain performance data.

From materials to products, installations to stores, emissions to working conditions, Higg opens up a comprehensive view of a company’s social and environmental impact.

Built on the leading sustainability measurement framework, Higg is recognized by global brands, retailers and manufacturers for providing the single source of ESG intelligence they need to accelerate business and industry transformation.

Launched in 2019 as a utility company, Higg is the exclusive holder of the Higg Index, the industry-leading value chain measurement methodology developed by the Sustainable Apparel Coalition.

Software centric (www.centricsoftware.com)

From its headquarters in Silicon Valley, Centric Software® provides a product-to-consumer digital transformation platform for fashion, retail, footwear, luxury, outdoor, consumer electronics and consumer goods, including cosmetics, personal care, food and beverages. Centric PLM ™, Centric’s flagship product lifecycle management (PLM) platform, delivers enterprise-class innovations in commodity planning, product development, sourcing, quality and optimization of the product portfolio, specifically for rapidly changing consumer industries. Centric Visual Innovation Platform (CVIP) delivers highly visual digital whiteboard experiences for collaboration and decision making. Centric Retail Planning is an innovative cloud-native solution powered by Armonica Retail SRL, which provides an end-to-end retail planning process designed to maximize the performance of the retail business. Centric Software pioneered mobility, introducing the first mobile applications for PLM, and is widely known for its connectivity to dozens of other business systems including ERP, DAM, PIM, e-com, planning and more, plus creative tools like Adobe® Illustrator and a host of 3D CAD connectors. Centric innovations are 100% market-driven with the highest user adoption rate and fastest time to value in the industry. All Centric innovations shorten time to market, drive product innovation and reduce costs.

Centric Software is majority owned by Dassault Systèmes (Euronext Paris: # 13065, DSY.PA), the world leader in 3D design software, 3D digital models and PLM solutions.

Centric Software has received numerous industry awards and recognitions, including being nominated by Red herring to its list of the Top 100 in the World in 2013, 2015 and 2016. Centric also received several awards of excellence from Frost & Sullivan in 2012, 2016, 2018 and 2021.

Centric Software is a registered trademark of Centric Software Inc. All other brand and product names may be trademarks of their respective owners.

Cision

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SOURCE-centric software

Cision

Cision

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Nykaa mcap falls below the Rs 1-trn mark; stock down 5%, loses 18% in one week


Shares of FSN E-Commerce Ventures (Nykaa) continued to fall under selling pressure, falling another 5% to Rs 2,040.60 on BSE during early Wednesday morning trading amid selling fears by major investors, due to the end of the period foreclosure. The online fashion and cosmetics retailer’s inventory traded lower for the fifth day in a row, falling 18% in one week. In comparison, the S&P BSE Sensex rose 2% over the same period.

A sharp drop in the company’s stock price caused Nykaa’s market capitalization to drop below the trillion rupee mark. As of 9:25 am, the stock was trading 4% lower to Rs 2,060, with a market cap of Rs 97,423 crore, according to BSE data.

Read also: Test times for these 10 newly listed shares in December

FSN E-Commerce Ventures, more commonly known as Nykaa, is a consumer technology platform, providing consumers with a content-driven retail experience through its diverse portfolio of beauty, personal care products and fashion, including their own branded products.

Nykaa had made a strong debut on the stock market as shares closed at Rs 2,207, a steep premium of 96% over its issue price of Rs 1,125 per share, on BSE. The stock corrected by 21% from its peak of Rs 2,574 reached on November 26, 2021. The stock hit a low of Rs 1,994.10 on the day it was listed on November 10, 2021.

The blocking period for key investors ends today, Wednesday, December 8. The company had raised Rs 2,396 crore from key investors ahead of its initial stock sale last month. The company had allocated a total of 21.23 million shares to anchor investors at Rs 1,125 per share, or a total of Rs 2,396 crore.

Out of the total allocation of 21.23 million shares to lead investors, 7.09 million shares (i.e. 33.33 percent of the total allocation to lead investors) were allocated to 21 domestic mutual funds through a total of 93 schemes. CLICK HERE FOR THE FULL LIST OF ANCHORED INVESTORS



Nykaa’s net profit fell 96% to 1.1 crore rupees in the September quarter year-on-year and 69% from the June quarter. Operating income increased 47% year on year to Rs 885 crore.

Nykaa’s marketing and advertising spending rose 286% to Rs 121 crore in the September quarter, from Rs 31.5 crore a year ago. The company said spending on marketing and advertising was higher due to the mass media marketing campaign to build brand awareness and higher customer acquisition costs to acquire new customers. . However, the company said its gross profit margin improved 345 basis points to 42.7% in the September quarter.

The business of the company depends on the growth of the online commerce sector in India and its ability to respond effectively to changes in user behavior on digital platforms.

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BMW M boss explains why XM looks the way it is


Frank van Meel tells us all about the future of the performance brand – hope you like light grids

Content of the article

On the top level of a chic Miami parking lot, Frank van Meel, BMW M Division boss, unveiled the BMW Concept XM, a full-size luxury SUV that will arrive in production in early 2023.

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BMW high performance arm, M celebrates its 50s e anniversary next year, and this SUV will only be the second “real” M vehicle, that is, not a modified production BMW car. The first was the mid-engined M1 sports car built from 1978 to 1981.

While M purists will surely wriggle in their Piloti driving shoes to learn that the second self-driving M car is not a car at all, this is the SUV world we live in. M has to respond to the market, and as Van Meel said to me, ‘This is an answer to a question that a lot of people have asked us:’ What do you have above X6 M, X5 M? We want to have something like the Lamborghini Urus, the Mercedes G-Class AMG. Where are you? We need you!'”

The Concept XM sure looks out of the room – bold, angular, and heavily streamlined, sitting on 23-inch wheels and facing the world with a large illuminated kidney grille and a quartet of shady LED traffic lights. The sculpted hood echoes the contours of the grill, creating two electric domes. The working high beam and low beam headlights are hidden behind panels that flank the grille. The glass of the recessed tailgate receives engraved BMW logos.

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Whether the latter or the LED accent lights in the upper corners of the windshield make production remains to be seen, but we’re sure, with the exception of a few conceptual soarings in the cabin, the Concept XM comes pretty close to vehicle production. However, the Concept’s two-tone paint treatment won’t hit the streets, at least not at first.

Inside, we see a salon-style velor rear seat, accented cockpit-style driving space, interesting use of fabrics, carbon fiber and copper wire trim, and a large sweep of the digital real estate on the dashboard. The steering wheel and center console are fitted with identifiable BMW controls, suggesting that a toned down version of this gee-whiz interior is production-ready.

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So what is it that lurks under the bridges to worry about the super SUVs in place in the world? The XM’s plug-in hybrid powertrain combines a new-generation BMW 4.4-liter twin-turbo V8 with two electric motors, producing a formidable 750 horsepower and 737 lb-ft of torque. That makes the XM the most powerful M production car ever, and will likely send that luxurious two-row to the top of the blazing-fast SUV heap. The Lamborghini Urus develops “only” 641 horsepower, while the Porsche Cayenne Turbo S e-Hybrid manages 670 ponies. No battery size has been disclosed, but BMW claims around 50 kilometers of electric range alone.

Built in Spartanburg, SC, the XM uses a modified BMW SUV platform that sits between the X5 and X7. Rumor has it that there might be a less powerful and less expensive six-cylinder PHEV XM after this full V8 model.

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  1. Oh, nose!  The best reactions from the internet to the BMW Concept XM

    Oh, nose! The best reactions from the internet to the BMW Concept XM

  2. BMW unveils Concept XM, most powerful M model yet

    BMW unveils Concept XM, most powerful M model yet

With the 50 of the BMW M division e D-Day anniversary on May 24, 2022, I asked Frank van Meel what we can expect from M in the coming year.

“Of course we will have an official race start with our new M4 GT3 at the 24 Hours of Daytona, there will be an M3 Touring for the European market, and there are other new cars that I can’t speak to yet. It will be a very busy year. “

The successor of the beloved M2? “Maybe. Because that one, of course, has to have a successor, because this car was so special. You won’t be able to do without an M2 in the future.

Bmw xm
Bmw xm Photo by Peter Bleakney

Will the next M2 be pure gasoline or will it have an electrified component? “You’ll see that when he comes out.” What would you like to see?”

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Given that the M2 is the purest performance BMW in size, performance and engagement, M enthusiasts would likely like to see one more generation on gasoline alone. “I’ll take it into account,” he replies.

Does this XM SUV signal an evolution for M towards a luxury brand? “No, it’s an addition to the M brand,” says van Meel. “It’s all about segments. We go from M2 to XM and each car has its own positioning. What we lacked was this expressive and high-end product. That’s it.

Bmw xm
Bmw xm Photo by Peter Bleakney

Is the styling of the XM a model for future models? “We are defining new elements and new materials that could be used, for example in the M5 or other high-end vehicles. We will certainly see more and more illuminated kidney grilles, “promises the boss of BMW M.” Also the way we define our lighting with the focused diamond-shaped lights and the working headlights hidden behind dark glass. is something we want to keep with the production car, and it’s also something that defines the new language of luxury not only for M, but also for BMW.

If you could own a car out of the M catalog, what would it be?

“M1. But they have already told me that I have to pay 800,000 euros if I want to own one, so unfortunately this is just a dream.

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Why GAC Family’s Christmas Message Is Dangerous


Make Christmas even more beautiful.

This should be the motto of GAC Family, the network launched this fall as a healthy, family-friendly alternative to Hallmark Channel.

Yes, you read that right. For those who think the TV equivalent of a pine-scented Yankee candle is too risky, or that Hallmark – who has joined an industry-wide effort to diversify its holiday content, including, last year his first gay romance – became a mouthpiece for Awakened Warriors, there’s a new channel where the only snowflakes allowed are those that fall during sappy rom-com climaxes.

The Hallmark connection isn’t exactly a coincidence. The GAC family and its brother, GAC Living – “GAC”, formerly Great American Country, now stands for Great American Channels – are headed by Bill Abbott, the former managing director of Hallmark’s parent company, Crown Media.

Abbott oversaw the company during perhaps its biggest scandal to date. In late 2019, a series of commercials for wedding planning website Zola featuring brides kissing at a same-sex marriage sparked an outcry from conservative lobby groups like One Million Moms, who said the spots went “against the Christian and conservative values ​​that are important. to your primary audience ”and threatened that the network would lose viewers for“ giving in ”to the so-called LGBTQ“ program ”. Hallmark withdrew the ads, causing even greater backlash, and finally apologized. Abbott left the company a month later.

Obviously, Abbott had some things pending, including finding a solution to the decline of all excellent The Christmas lineup he had helped build over the years. (Your Hallmark Christmas movie joke here.) He’s since created the new GAC family, a network that promises to deliver family-friendly, holiday-themed movies and TV series that celebrate “culture, heritage and the American way of life ”- or at least the“ ambitious ”image of America that he and the people who fund the place envision. (A group of investors with ties to former President Trump support the network, according to Vautour.)

As you would expect from the dog whistle of “American Culture, Heritage and Way of Life,” dreaming of a White Christmas takes on a whole new meaning when examining the original lineup of holiday movies. network, including “A Christmas with a Big Heart”, “A Miracle Christmas for Daisy” and “A Christmas Star”. All but one of the channel’s 12 films this year revolve around straight, white characters. On its website, GAC Media states that the company’s mission is to “celebrate great American traditions and invest in timeless, family-friendly entertainment that honors Americana.” Abbott said in a separate press release that he hoped the networks “would keep the promise of safe storytelling …”.

And who, you ask, is the star of this safe haven of vacation entertainment? Well, the criminal Lori Loughlin, of course. Last year, the “Full House” actor spent two months behind bars after pleading guilty to paying half a million dollars in bribes to get his two daughters to college . GAC is helping facilitate his comeback in his Hallmark “When Calls the Heart” spin-off, “When Hope Calls”. She will also appear in the two-part premiere of Season 2 on December 18.

So, is the holiday rate on GAC better or worse than Hallmark, Lifetime, and other competitors in the Christmas movie space? It’s worth noting that the network isn’t exactly full of Christmas headlines. At this point, the majority of its lineup still consists of reruns: “I Dream of Jeannie”, “Bewitched”, “Hazel”, “Father Knows Best” and the relatively modern sitcom “Who’s the Boss”. The dozen or so films in his “Great American Christmas” collection are essentially well-made romantic comedies, between boys and girls, as mundane and sickly as drugstore candy canes. Even the titles are interchangeable. In other words, they are on TV what the ugly Christmas sweater is in: an unhappy holiday tradition.

Americana. American traditions. Tell stories safely. It is the coded language the network uses about its content, as much as the content itself, that reveals its underlying message, echoed in conservative media and politics: the ‘real’ America is suburban or rural, predominantly white, heterosexual and Christian. Especially when tied with a holiday knot, it’s a much more dangerous and blatantly false message than any Christmas movie (or wedding planning announcement) with a gay couple at its center. And for that alone, GAC – a channel whose name sounds more like indigestion than a celebration – can give you an upset stomach.


Joseph Phi of Li & Fung on How to Address Supply Chain Vulnerabilities


This article first appeared in The State of Fashion 2022, a comprehensive report on the global fashion industry, co-published by BoF and McKinsey & Company. For more information and to download a copy of the report, Click here.

It’s hard to imagine the challenges Joseph Phi faced when he was promoted to CEO of Li & Fung Group in October 2020. Not only was a pandemic raging, causing untold complications in global supply chains, but his company had just dropped from the list. Hong Kong Stock Exchange after 28 years of listing. Now, supply chain stressors, including port closures, a container shortage and rapidly rising freight costs, are central concerns for Phi and the fashion executives who rely on him. to provide international sourcing, production and logistics solutions.

In 2022, responsible supply chain management means expecting even more of these unexpected shocks. Future-proof supply chains require sustainable diversification, technological innovation and a comprehensive reframing of the concept of “value”, he says. Instead of trying to take every ounce of cost out of the chain, value must be captured by decreasing complexity, reducing lead time, and lowering the financial cost of doing business while reducing the cost the fashion industry inflicts. people and the planet.

BoF: In 2021, there have been port closures, shortages of shipping containers, increases in freight costs and more. How long will this last and what challenges do you plan to postpone in 2022?

Joseph Phi: Brand owners, retailers, consumers, I think, even suppliers, are starting to adjust to this so-called new normal. The irony is that this [consumption] the rebound is putting more pressure on an already stretched supply chain. Now containers and capacity are in the wrong place and this imbalance has resulted in a phenomenal increase in freight rates which, together with a shortage of containers and a lack of space for ships, will unfortunately slow down this economic recovery. global. My opinion is that these frustrations will continue at least until the second half of 2022, if Covid is under control, and if the ports and factories are operating with some sort of normalcy. If things are not under control, it could even extend until 2023.

BoF: To what extent do you think some of these issues would have affected the fashion industry, regardless of the pandemic?

JP: There were unforeseen external shocks, just like the [March 2021] Closure of the Suez Canal and shortage of drivers in the United Kingdom following Brexit. Normally, frankly, we can withstand those shocks, but this time around they’ve had a disproportionate impact as the entire supply chain is operating at full capacity. This pandemic has therefore exposed vulnerabilities throughout the supply chain.

BoF: Do you think companies will view this period as a time when they made significant changes in the functioning of the global supply chain?

JP: I really believe it. The pandemic has shaken the heart and the very foundation of building the fashion supply chain. It was built on efficiency in squeezing every ounce to make it profitable. A new balance is needed, and that will include diversifying the supply base, instead of putting all your eggs in one basket. In the past, brand owners rarely needed to think about sourcing routes. Now you need to think about what trade lanes you should be in. Of course, people also need to think about the whole supply chain digitization and you need to make it more transparent so that it can make decision-making easier.

BoF: What’s the most important thing for brands to remember?

JP: I think brand owners and retailers need to rethink the relationship between them and suppliers. You have to treat them like partners; you have to treat them as an essential part of the whole ecosystem. In a supply ecosystem, you are only as strong as the weaker partners.

BoF: Your parent company, the Fung Group, was one of 30 global companies in the fashion and textile industry to first sign the G7 Fashion Pact in 2019, pledging to achieve key environmental objectives. What kind of tangible progress have you made so far?

JP: We need to tackle the environmental impact of the fashion supply chain. Li & Fung’s tech spin-off LFX recently launched 3D as a service through a company we call UNIFi3D. In the past, many products were shipped by air for approval, round trip [until they are approved]. Basically this can now be done in a 3D way, so you are removing the waste in that process. Shortening the entire product development cycle also means that companies can give themselves more time to read the market and, with better intelligence, develop products that have the highest likelihood of success, thereby reducing the number. by SKU. So this reduces inventory and then reduces inventory wastage. This will be a game-changer, in my opinion, because the inventory [waste] represents the highest cost to brand owners and retailers as well as to [one of the] the greatest negative impacts on the environment.

BoF: What do you think the fashion industry has learned from the blockade of the Suez Canal?

JP: In the past, brand owners defined value in a way that was always demand driven, down the chain. I feel like the Suez Canal incident is a clear signal to everyone that we need to start investing in solutions that manage upstream sourcing and forge closer partnerships with your suppliers and vendors, your freight forwarders and your shipping companies.

BoF: What about the potential for conflict in the South China Sea, is that a geopolitical factor that the fashion industry needs to consider?

JP: I have lived in this region most of my life [and] my feeling is that the probability of a conflict is low [and the] the cost of conflict is very high. That said, when we talk about probability, we play with chance. So we really need to think about whether this is happening, how do you rebalance your supply chain then? How would you ensure that the flow of goods is not disrupted? Certainly, as we reflect on our three-year plan, that will be on my agenda, and I think it should be on the agenda of every CEO of a company that has an exhibition in this region.

BoF: Are there viable alternatives to these maritime routes which are maritime bottlenecks?

JP: I might not have said it 20 months ago, but considering what’s going on, ground freight is definitely a viable alternative. I’m assuming future road and rail costs may be similar to current ocean tariffs, but take half the time to ship the sea route, which means it’s actually faster to ship overland. Earlier this year, our logistics company, LF Logistics, signed an agreement with a local company in Chongqing [to leverage the] Growing rail network connecting China and Europe along the New Silk Road, which essentially links Chongqing to the port city of Duisburg in Germany. This agreement will certainly accelerate our expansion in Eurasia. For me, and for us as a company, this is the way to go.

BoF: Despite recent waves of outsourcing from China and international trade disputes involving China, many fashion companies still depend on Chinese suppliers. In this new era of more diverse sourcing, which trade agreements are most important to the future of the industry?

JP: A very important agreement is the Comprehensive Regional Economic Partnership [RCEP]. It is the largest multilateral trade agreement in the world and it affects 30% of the world’s population. It has the potential to be at the heart of the reconstruction of the global supply chain. RCEP is perhaps the only trading bloc that has both productive capacity and consumer demand, so I have a feeling it will significantly facilitate regional trade and investment in Asia.

BoF: What does the conversation about supply chain risk coverage look like to 2022?

JP: Given all that we have learned from the pandemic, it is very important to diversify our supply base, but it should not be blind diversification. In my opinion, China’s export share will gradually decline on purpose. The finishing part of the production can then move to ASEAN [Association of Southeast Asian Nations markets]. Due to RCEP, movement of raw materials, fabric, components, they can enter ASEAN countries largely duty free, reducing movement and transportation costs.

BoF: Do you think there is an overall drop in appetite for riskier sourcing sites, like Ethiopia and Myanmar, even though they are cheaper?

JP: As a company, we started to take an interest in Africa. In particular, we are talking about Egypt, Ethiopia, Kenya, Madagascar, etc., because they are tax-free countries to America. Realistically, I think maybe we have to wait until this whole pandemic stabilizes so that we have a really in-depth assessment of whether or not we want to expand, because there is a risk there.

BoF: How can brands become more resilient in this new era of sourcing?

JP: You have to be mobile. You cannot be tied to a particular place and geography. Second, I think it’s high time we took a serious look at our business continuity and contingency plans. The third thing is that shipping costs are outrageous – my gosh – so brands have to find ways to offset this increased cost by increasing productivity. So I think the exercise of value engineering is very important. By reducing the number of actors between me, as general manager, at the lowest rank and delaying, you reduce your costs. At the same time, you improve your customer service because things get done faster. You are removing bureaucracy. I think a lot of companies should pay attention to it.

This interview has been edited and condensed.

Sixth annual State of Fashion report predicts global fashion sales to exceed pre-pandemic levels in 2022 thanks to outperforming categories, value segments and geographies, as supply chain head winds will pose a risk to the growth outlook. Download the report to understand the 10 themes that will define the state of the fashion industry in 2022 and the strategies to be deployed to safeguard the recovery and maintain sustainable growth.

BoF professionals are invited to join us on December 8, 2021 for a special live event where we will unveil the findings of the report. Register now to reserve your place. If you are not a member, you can take advantage of our 30-day trial to enjoy all the benefits of a BoF professionals membership.


Rags to Riches: Clothing companies with Pizzazz

Fashion can be fun, but make no mistake it can pay off too. The global clothing market is emerging from a historic decline caused by lockdowns, social distancing and economic downturns due to the COVID-19 outbreak and measures to contain it. COVID still persists, but the clothing market appears ripe for a rebound and poised to reach new heights. During the lockdown, consumers moved away from buying new clothes. However, clothing companies still have the potential to generate good profits and significant capital gains. Not only is the industry huge, it is also ripe for a rebound with much higher seasonal demand during the holidays. It’s time to ditch the sweatpants, dress for success, and take some clothes seriously.

Some of the biggest and most popular clothing brands are owned and operated by unknown names like PVH Corp. (NYSE: PVH) which has several brands under its umbrella, including Van Heusen, Tommy Hilfiger and Calvin Klein, among others. Formerly known as the Phillips-Van Heusen Corporation, PVH also licenses brands such as Kenneth Cole New York and Michael Kors. PVH is one of the largest global clothing companies in the world, with sales of $ 7.1 billion in 2020. PVH has released results for the third quarter of fiscal 2021, where the bottom line exceeded Zacks’ consensus estimate, while the top row missed the same. However, both measures improved year over year. The Calvin Klein segment improved 22% year-over-year and the Tommy Hilfiger segment grew 12%. A leading hedge fund, Pzena Investment Management, had invested $ 439 million in the stock at the end of September and, according to a solid indicator, an insider bought 1,981 shares at $ 81 in September 2020. The company also noted in The third quarter report that holiday season sales are off to a good start and management has raised the outlook for fiscal 2021.

Another name that is not quickly recognized as a clothing giant is VF Corporation (NYSE: VFC). Their brands include Dickies, JanSport, Kipling, The North Face, Timberland, Vans and Supreme. The company controls 55% of the US backpack market across all of its brands, making it a major player in the apparel industry. Across all of their segments, VF Corporation generated nearly $ 10.5 billion in global revenue in 2020, and the company ranked # 1 based on the revenue of the world’s leading clothing companies in 2019. The company announced improved results for the second quarter of fiscal 2022 last October. Overall revenue from continuing operations increased by 23%. Outdoor segment revenue increased 31%, Work segment revenue increased 18%, International revenue increased 18%, and Direct-to-Consumer revenue increased 32%. Fiscal 2022 revenue is now expected to be around $ 12.0 billion, reflecting growth of around 30%.

An intriguing garment name, Digital Brands Group, Inc. (NASDAQ: DBGI) (www.digitalbrandsgroup.co) is redefining retail and customer experience with its first digital group of lifestyle brands. The company currently offers contemporary womenswear through Bailey 44 (www.bailey44.com), high-end denims and luxury essentials through DSTLD (www.dstld.com), and luxury menswear through ACE Studios ( www.acesuits.com).

Digital Brands Group’s unique business model takes advantage of increased global digitization and the long-standing fragmentation of the apparel and fashion markets. The company operates its brands in a decentralized fashion with separate management teams managing each brand while consolidating marketing and technology contracts and cross-marketing to each brand’s customers.

Since going public last May, the company has quickly gained ground and increased its influence by multiplying brands and building scale. Digital Brands released impressive third quarter 2021 results last November – third quarter 2021 net sales increased 75% year-on-year and gross profit margin increased 96% year-on-year to 55 , 9%.

DBGI also provided a stunning net revenue forecast for fiscal 2022, an increase of 350% over 2021 with revenue forecast of $ 37.5- $ 42.5 million for 2022. The company expects EBITDA positive for 2022 by leveraging its shared services platform. Commenting on the strong growth, Hil Davis, CEO of Digital Brands Group, said that this expected 350% increase in our year over revenue growth does not reflect any potential additional acquisitions, nor any significant benefit from our expected increase. marketing expenses. . Digital Brands expects continued growth through acquisitions and to continue acquiring companies this year and next.

Although much smaller than other clothing brands, DBGI may well have the highest potential. The stock is trading at the low end of its range and with such a high growth potential if the company hits or breaks expectations, the top of its range could be in the rearview mirror. The holidays and the seasonal clothing wave are fast approaching. It seems like the perfect time to celebrate, have fun, and position portfolios with clothing stocks.

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Must have makeup products for the groom on his big day


Make-up is no longer reserved for the female audience. Men are too keen to add a touch of glamor on their special days. To look dapper and hit the wicket of millions of people, the groom has to take a look at the list of makeup products available for him. Here is a list of must-have makeup products for the groom-to-be to compliment his soul mate on D-Day.

1. Matte Bronzer

Matte bronzer is widely used to emphasize the depth of skin tone. It helps spice up the beard game and also highlights the cheekbones better. Sculpting the face for the perfect look is important to the groom. So, there is no better savior than a matte bronzer.

Price: Rs. 350

Offer: Rs. 325

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2. BB cream

Research indicates that BB cream is a human-friendly product. It helps to rejuvenate the skin, making it smoother and softer. You can cut down on your grooming time with this handy bb cream. The cream is a beauty balm that hydrates and improves the tone and texture of the skin on your face.

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Price: Rs. 289

Offer: Rs. 256

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3. Eyebrow pencil

Don’t mess around with styling the eyebrows before the wedding day unnecessarily. Eyebrows are one of those facial features that highlight the overall beauty of men. Thick and dense eyebrows are more presentable and preferred. To fill in the gaps and better define the eyebrows, use this eyebrow pencil.

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Price: Rs. 349

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4. Corrector

Hide all that is unwanted in the blink of an eye. The concealer is a boon for those who are dealing with dark circles and dark spots directly on the face. One of the list of suitable makeup products for men, the concealer helps the groom cover up razor burns, scars and blemishes just before the wedding festivities.

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Price: Rs. 180

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5. Beard Growth and Styling Kit

The beard game plays a major role in uplifting the appearance of the dulha on his big day. To make sure the beard play is on point, enlist the help of this beard growth and styling kit. It will add a tint of shine and softness to the beard despite the beard styling. After all, a beard also requires the right amount of nourishment.

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Now is the time for men to say, “Why should brides have fun?” Now the groom will not only look stylish but also compliment the bride effortlessly. To all the dulhas here! Force shutter bags to capture every wedding moment for yours as you kill off your wedding look in style.

Also read: Fitness Fundas to lose belly fat fast


Godrej Properties and TDI Group Joint Venture for a Luxury Residential Project in Connaught Place, Delhi


has entered into a joint venture with real estate developer TDI Group to develop an ultra-luxury residential project in Connaught Place, one of the prime locations in New Delhi’s central business district.

The project is estimated to have a development potential of around 1.25 lakh of salable area comprising mainly residential apartments of different configurations.

“As we continue to strengthen our presence in Delhi, we are pleased to add this project to one of the most desirable locations in downtown Delhi. This will be our third project in Delhi and will further expand our presence in major Indian cities, ”said Mohit Malhotra, Managing Director and CEO of Godrej Properties.

The proposed project site is centrally located and offers good connectivity, well-developed social and civic infrastructure with the best schools, hospitals, shops and commercial spaces in Delhi close by.

“We are proud to be associated with Godrej Properties to realize this luxury project and we look forward to this association,” said Kamal Taneja, Managing Director of TDI InfraCorp.

The Godrej group company seeks to leverage its brand and financial position to exploit consolidation opportunities in distress situations arising in the real estate industry.

In November, the company acquired a quality 16-acre plot of land in Bangalore’s fastest growing micro-market, Sarjapur, to develop a housing project for middle-income people.

Industry experts believe that the ongoing market consolidation in favor of large established developers will accelerate due to their better execution capacity and access to liquidity in the current market environment than that of small developers.

The company has raised funds to promote consolidation with the use of additional capital and to significantly strengthen its development portfolio.

Last year Godrej Properties raised Rs 1,000 crore through non-convertible debentures on a three-year private placement basis at 7.5%. Prior to that, he had raised Rs 2,100 crore last year through Qualified Institutional Placement (QIP).

In March of this year, the developer raised Rs 3,750 crore with another QIP of 25.9 million shares to global investors including Goldman Sachs Funds, the Singapore government and Invesco Oppenheimer Developing Markets Fund.


Mining Millennial hopes to build Mexico’s next major silver producer


Michael Konnert. (Image courtesy of Vizsla Silver).

“I have spent years traveling the world looking for the right project. And then an old friend introduced us to the Panuco neighborhood, and we knew we had to have it, ”Konnert told MINING.COM. “He ticked all the boxes. It was huge, there was high grade silver and it could go into production very quickly. We have therefore decided to do everything possible to acquire the project.

After spending an entire year traveling back and forth between Sinaloa and Mexico City, Vizsla’s CEO and his team managed to secure a $ 43 million deal with landlord families in the district.

“Many mining groups have tried to take care of these families, but we are still the only group that is successful in doing so,” he said. “Panuco has been producing silver since its discovery in the 1500s, but it is only now that it is consolidated by Vizsla Silver. There is an old saying that Mexico’s silver camps are no longer discovered, they are consolidated. I was confident that if we consolidated the project we would be able to find new discoveries of high grade silver in this old camp.

MDC: You said Vizsla is on its way to becoming Mexico’s next big silver producer. What evidence supports this claim?

Konnert: Panuco District compares very favorably in size and scale with San Dimas, which is 80 kilometers away and has been a major commercial producer of silver and gold for almost 100 years. It even belonged to the Hearst family at the turn of the century.

Our major discoveries in Napoleon and Tajitos, in the western part of the district, very quickly evolve into resources, which we will then move on to studies. The two veins combined have a longitudinal length of over 2,700 meters in a panel of mineralization. So far we have drilled to a depth of 450 meters and the mineralization shows no signs of stopping. It is very exciting and can provide the first years of production for the district. This is less than 5% of the known veins in the area. There are over 80 kilometers of largely undrilled and underexplored veins that run through the property.

On top of that, as we are successful in our exploration, we can move to production faster than our peers as we have existing production infrastructure on site, including a historic mill, 30 kilometers of underground works, roads, electricity, water and a local workforce.

MDC: What does it mean to develop a project at the scale of a district from an operational point of view?

Konnert: We have 10 rotating rigs and one of the largest exploration programs in the world. This is a major undertaking. and more specifically, it means that you have to be very organized and coordinated. But for me, personally, that means I have a team of world-class professionals in Mexico and Canada.

Our technical team is led by Martin Dupuis in Canada and his experience is gained with the largest silver and gold operations in Mexico, including Pan American’s Dolores mine.

In Mexico we have a team of people who have worked with Agnico Eagle, Capstone, Yamana and other large companies and are applying their experience to our project.

MDC: Vizsla aims to make a first resource estimate during the first quarter of 2022. What are your next steps?

Konnert: Vizsla has made incredible progress over the past year. From discovery to the first resource in less than 18 months, it’s very impressive. We still have a lot of work to do to explore the district for more and more money, as the current resource area is less than 5% of known veins.

But this resource gives us the possibility of moving to production by carrying out economic studies on the mineralization that we have. We will move this file forward very quickly.

MDC: You said that as mining millennials, paying attention to ESG issues is essential in the functioning of your businesses. How does Vizsla approach ESG in the Panuco project?

Konnert: My opinion on ESG is perhaps a little different from the others. I believe a lot of the last generation of miners must have used ESG and paved the way for modern ESG. Mining always had to have community buy-in, and a mine would generally benefit surrounding communities. Of course, there are exceptions to this, but I think that’s true for most businesses over the past 20-30 years.

But my take on ESG is that companies need to align with the communities in which they operate. In my opinion, Canadian companies in Mexico are there as guests of the communities we work in, and we need to be respectful and find ways to create shared value and shared benefit from discovery and production.

In the case of Vizsla, we have an impact on several communities. I am proud to say that for over two years now we have employed over 75% of our workforce in local communities and 90% of our team in the country are from Mexico. We spend over $ 20 million a year on exploration and that directly benefits communities. As we move into production, we will hire and train communities and implement safety protocols that did not exist for current underground mines in the area.

Of course, all our activities are authorized and carried out with the aim of improving the local environment as we find it.

MDC: Companies operating in Mexico must navigate a complex socio-political environment where corrupt authorities and illegal groups can even intermingle. How do you fulfill your commitment to the “good business” in a place like Sinaloa?

Konnert: Vizsla operates as a guest of the country of Mexico, the state of Sinaloa and the communities in which we work. As such, it is our responsibility to operate in an honest and transparent manner.

I have discovered in my career that the best opportunities exist between perception and reality. In the case of Mexico and Sinaloa, we have found a vibrant, hardworking and honest community that we fit in well and that we can create shared benefits for, which in my opinion is somewhat different from historical perceptions.

As a Canadian company, Vizsla is an ambassador of Canadian values ​​and industry standards in all aspects of our operations. In doing so, we hope to inspire other Canadian companies with operations abroad to do the same.


The fashion industry is renewing itself in 2022

India has always been a key market for the global fashion industry. Even though it faces various challenges of inequality, infrastructure and market fragmentation; The sector is expected to exhibit strong economic growth, large scale and increasing digital disruption. Together these elements will make the Indian market a global hub in the times to come.

According to the report, the Indian clothing market is expected to be valued at $ 59.3 billion in 2022 and the Indian fashion industry will become the sixth largest market in the world. India’s fashion industry has seen its fair share of struggles against the coronavirus outbreak last year. However, now that it is recovering with an improving situation, the industry is poised to move forward to trendy 2022.

Fashion entrepreneur Rubaina Adhikari shares some notable trends that will revamp the fashion industry next year:

Durability

Sustainability is a major trend that will dominate the fashion industry in times to come. Consumers are increasingly aware of Mother Nature and this is pushing brands to adopt eco-responsible practices. As global designers and retailers have started to embrace the sustainability path, others will soon follow their lead. The use of organic fabrics and natural dyes as well as recycling and upcycling are some of the popular initiatives that the industry is undertaking to take the path of sustainable development. In addition, the players also ensure that there is no waste at the end of the life cycle and allow shipping costs to be offset with carbon credits.

Comfort is the new style

Since the pandemic epidemic, consumer preferences have undergone a huge change. They now favor fashionable comfort and it has become the new fashion. COVID-19 paved the way for innovations and since then the athleisure market has made its way into people’s lives and wardrobes.

Solar shades and stripes: the upcoming trend

Along with nudes and pastels, solar hues are set to gain prominence in 2022. Hues such as gold, bronze, amber, marigold, etc. will dominate the fashion industry next year. Among prints and patterns, stripes and floral prints will make a comeback in wardrobes.

Fashion to become inclusive

The increase in the standardization of plus size clothing has paved the way for fashion to become inclusive. Taking advantage of the trend, various designers and brands are also standardizing double-digit clothing. Therefore, plus size clothing will carve out a dedicated market for itself.

The Indian fashion industry has always been a leading market, known for its innovative approach and for staying on top of the trend. The pandemic disrupted her to considerable levels, but she was quick enough to cope with the changes. It is now on the road to recovery and is ready to get a makeover in 2022!

See this luxurious Mendham Estate which is brand new construction


MENDHAM, NJ – Step into luxury at this gorgeous brand new home, with formal living spaces for entertaining, walk-in closets, and incredible craftsmanship.

There is still time to personalize this home and truly make it your own.

See more details of his listing below and click on the address for additional photos:

  • Address: 4 Samuel Farm Rd, MENDHAM, NJ
  • Price: $ 1,599,900
  • Bedrooms: 5
  • Bathrooms: 5.5
  • Listing Description: Welcome to Pitney Farm Estates @ Mendham! More exceptional homes by Sema Properties-builder with a solid reputation for superior craftsmanship. New luxury home development in a cul-de-sac next to the historic Pitney Farm Park Green Acreage. The house offers 5 BR, 5.5 BT, a fully finished basement and a 3 car garage. Large floor plan with an elegant and inviting fireplace on the 1st floor. Office or guest suite with full bathroom, large gourmet kitchen with island, dinette Rm. Dramatic family room open on 2 floors with fireplace, formal living room and dining room with elegant carpentry set, hardwood floors, on the 2nd floor. Exclusive MR BR suite with Sitting R, Lavish BT, make-up room. and a huge walk-in closet – his and hers. 2 large bedrooms with J & J bath and large Princes suite with private bathroom and balcony. Rm laundry room on the 2nd fl. Premium Bundle. Elevation of superb stone and Hardie planks. Garage for 3 cars with separate staircase leading to the fully finished basement with sliding door leading to the private courtyard. Many luxury options and upgrades inc. but there is still time to personalize your new home.

This list first appeared on redfin.com. For more information and photos, click here.


Your beauty gift guide for the season


Christmas is knocking on our doors and we are already humming the tunes of All i want for christmas is you. Yes, in case you were wondering, this is without a doubt our favorite time of year. I mean, what’s not to love? There is no such thing as the spirit of Christmas in the air. Everyone is in a good mood, there are beautiful lights all around the city that illuminate it. Don’t get us started on delicious Christmas decorations! It is the season of happiness, holidays and lots of gifts. Would it really be Christmas if we weren’t talking about gifts? Secret Santas at work, Christmas parties with your BFF’s– so many opportunities to make your loved ones smile.

We’re not going to deny how confusing and exhausting buying a gift can be. More so, when it comes to beauty. With a barrage of products that can easily overwhelm someone, more often than not people end up buying the wrong gifts. Don’t worry a bit, because we’re here with a specially designed gift guide that covers everything beauty related! Perfect to give as a Secret Santa gift or even to stuff into stockings, read on for a look at some ideal gifts—

For the skincare scholar

L’Oréal Paris, Hydrated, Plumped And Radiant Skin Kit

Let’s face it, there is a plethora of skin care products with so many different ingredients and formulations. What could you possibly choose? This kit L’Oreal Paris offers 3 products, all of which are packed with hyaluronic acid, the hero. A hydrating fabric mask, a plumping day cream and a nourishing serum. When used in tandem, it results in healthy, glowing skin. Sounds like a pretty awesome gift for the skincare scholar in your life.

For the makeup lover

Ruby's Organics, the festive kit (Source: www.rubysorganics.in)
Ruby’s Organics, the festive kit

With makeup, the countless nuances and finishes often leave us perplexed. It happens to me from time to time too, don’t worry. As a makeup enthusiast myself who has received the most random beauty products, let me tell you a secret: we LOVE makeup sets. This one from Ruby’s organics is a perfectly assembled set that you simply can’t go wrong with. Liquid eye shadow with rose gold highlights, dark wine lipstick, earthy pink blush and lengthening mascara. Yes, all of this in one kit!

For the hair care aficionado

Moroccan Oil, Hydration Trio (Source: www.moroccanoil.com)
Moroccan Oil, Hydration Trio

Gone are the days when you subconsciously chose a random shampoo for your sister or even your best friend! What’s better than just one hair product? A whole bunch of them! This one by Moroccan oil is a true hero of hair care. The hydration trio includes shampoo, conditioner and hair mask. It is specially designed to revitalize dull hair by giving it a much needed dose of hydration. Now who wouldn’t be happy with a gift like this?

For the mania obsessed geek

OPI Holiday 21 'nail polish duo (Source: www.opi.com)
OPI Holiday 21 ‘nail polish duo

Being locked up at home for what seemed like centuries allowed us to take care of our nails on our own. This meant no manicure-pedicure at all! This adorable set of OPI takes care of all your holiday nail needs with shades that match the Christmas spirit. A formula that dries very quickly and lasts up to 7 days, the color impressed us. Two shades of red packed in a tiny little box, perfect to slip into a stocking, don’t you think?

For the perfume monster

Victoria's Secret, Bombshell Intense Set (source: www.victoriassecret.com)
Victoria’s Secret, Intense Bombshell Set

Perfumes are always a meaningful gift, chosen for someone who matters to you. Nothing says class and elegance than a perfectly chosen perfume. Who does better than perfumes Victoria’s Secret? The Bombshell intense set includes an eau de parfum, a fine fragrance mist, a roller scent and a lush lotion. A decadent scent of sultry vanilla with hints of cherry and red peony, a successful classic that never goes out of style.

Follow @missmalinibeauty to learn more about makeup, hair and skin care and download the Girl Tribe by MissMalini App to join our fashion and beauty community.



dance company breathes new life into Mozart’s latest work | New


Wolfgang Mozart’s centuries-old “Requiem in D minor,” which was unfinished by the time of the great composer’s death in 1791, is reborn as a powerful new dance piece making its North American premiere at Stanford on Saturday 4 December.

“Requiem: Fire in the Air of the Earth”, conducted by renowned choreographer and MacArthur Fellow Kyle Abraham in collaboration with musician Jlin, breathes new life into Mozart’s final composition as a production that reflects on ritual and mourning and celebrates transformation and resurrection.

In musical terms, a requiem is a piece performed for a funeral mass.

“The concept for ‘Requiem: Fire in the Air of the Earth’ arose out of a period of personal grief for Abraham and his deep engagement with death and the afterlife that resulted from it,” according to a statement from Stanford Live Press.

Referring to its roots as a funeral mass, “the play plays on these ideas of reincarnation, rebirth and death,” said Keerati Jinakunwiphat, one of the 10 dancers of “Requiem: Fire in the Air of the Earth”. “.

While the production draws on themes steeped in mythology and folklore, there is also room for more traditional pop culture references.

“Kyle and I get along because we love superheroes and ‘The Avengers’ and the Marvel Universe,” said Jinakunwiphat, describing his character in “Requiem” as “a new superhero trying to discover their powers. and the challenges of it. “

The caption – “Fire in the Earth’s Air” – refers to Abraham’s examination of the astrological signs of his participants, Jinakunwiphat noted.

Representing a range of diverse perspectives and a multitude of artistic influences, the mission of Abraham’s artistic company, AIM by Kyle Abraham, “is to create a body of dance-based works that are galvanized by culture and l ‘Black History’, AIM website. States. Abraham’s choreography represents a mix of dance genres including modern dance, ballet, street and hip-hop. Collaboration is also a hallmark of the AIM process.

Composer and producer Jlin is perhaps best known for her critically acclaimed albums “Dark Energy” (2015) and “Black Origami” (2017). For “Requiem”, Jlin transforms the sad classic of Mozart into an electronic opus, partly inspired by Chicago of the 90s and house-dance styles. According to Stanford Live, she will perform live from the orchestra pit at the Memorial Auditorium.

Other collaborators involved in “Requiem” include English fashion and costume designer Giles Deacon and set and lighting designer Dan Scully.

“It’s really a top-notch production, which is great,” Jinakunwiphat said.

“There’s a level of abstraction; it’s definitely open to interpretation, which I always think is a special thing. We’re all very different individually, so we’ve each brought a lot to the piece.”

Jinakunwiphat, who is now a choreographer and dancer, has worked with AIM since 2016, first as an apprentice and as a full member since 2018. Dance Magazine featured her on the cover of this year’s issue “25 to Watch ”.

AIM’s passion for social justice, in addition to the artistic excellence of the company, resonates with her as an artist and as a person.

“I was definitely drawn to Kyle and his language of movement and what he stands for, and the dancers are so inspiring,” she said.

Jinakunwiphat said that despite the hardships of the pandemic period, she considered herself lucky that she was able to continue working, albeit in different formats.

There was “a lot of stuff on Zoom; we kind of worked in a new way, spoke in a new context, ”she said. “For me personally, I have also enjoyed the pandemic as a time out to take care of yourself, time to recognize my identity apart from being a dancer.”

The premiere of “Requiem” at Stanford Live, like many planned artistic events, has been delayed due to the COVID-19 pandemic. Abraham and his company are scheduled to be at Stanford for a week-long residency culminating with the December 4 performance.

Jinakunwiphat said she hopes audiences come out of “Requiem” with a sense of the transcendent and transformative power of the collective mind. The play highlights the energy of “people individually but most importantly together, and how we exchange that energy,” she said.

“Requiem: Fire in the Air of the Earth” was co-commissioned by Stanford Live; Lincoln Center for the Performing Arts Mostly Mozart Festival; University Musical Society of the University of Michigan, Ann Arbor; and the Kampnagel International Summer Festival. It will be played on Saturday December 4 at 7:30 p.m. at the Memorial Auditorium, 551 Jane Stanford Way, Stanford. Tickets cost between $ 15 and $ 68. More information, including health and safety guidelines, are available at live.stanford.edu.


Adidas Enters Metaverse With NFT Partnerships By Cointelegraph



On Thursday, Adidas (OTC 🙂 announced that it was enter the Metaverse in collaboration with Bored Ape Yacht Club, gmoney NFT and PUNKS Comic. In an article posted to the Adidas mobile app, the developers behind the initiative said the following:

Related: Single-use NFTs target billion dollar fashion industry

Continue reading on Coin Telegraph

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Industry Trends, Size, Growth, Opportunities & Forecast – UK Parents Lounge

According to the latest IMARC group report, entitled, “Functional Clothing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, The global functional clothing market exhibited XX growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.

Functional clothing refers to clothing that can perform multiple functions. They are made using comfortable and flexible materials, such as polyester, nylon and viscose, which ensure the maneuverability, comfort and functional performance desired. Manufacturers incorporate reproducible technologies that protect the end product against temperature fluctuations, ultraviolet (UV) light, microbes, while blocking radiation. Hence, they are widely used to manufacture medical, leisure and sports clothing.

As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.

Functional clothing market trends:

The growing health awareness and the growing inclination towards fitness activities are primarily increasing the demand for functional clothing across the world. With this in mind, continued collaborations between brands and fitness influencers to raise awareness of the health benefits of an active lifestyle are further catalyzing market growth. Additionally, the use of technical fabrics in functional clothing protects the wearer against environmental conditions, chemicals and radiation, which in turn fuel their demand in the construction and mining industries. Rapid technological advancements and the introduction of innovative product variants, such as clothing made from nano and microfibers with comfortable padding, further create positive prospects for the market.

Request a free sample report: https://www.imarcgroup.com/functional-apparel-market/requestsample

Global Functional Clothing Market Analysis and Segmentation 2021-2026:

Competitive landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.

Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis SA), PVH Corp., Under Armor Inc and VF Corporation.

The report has segmented the market on the basis of product type, application, and distribution channel.

Breakdown by product type:

Athletic wear
Athletic wear
Protective clothing
Others

Breakdown by application:

Sports industry
Outdoor clothing
Health care

Breakdown by distribution channel:

Supermarkets and hypermarkets
Convenience Stores
Online stores
Others

Breakdown by region:

North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, others)
Middle East and Africa

Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/functional-apparel-market

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• Market performance (2015-2020)
• Market outlook (2021-2026)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

Related report from the IMARC group:

https://www.supermarketresearch.com/2021/11/01/indian-apiculture-market-size-share-trends-analysis-and-forecast-2021-2026-imarc-group-2/

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Good company: fashionable shoes from Larroudé and more


Larroude’s line includes shoes, bags, and clothing, but his shoes, especially heels, are the star of the show.

Larroude

Text size

Marina and Ricardo Larroudé were among the many who found themselves unemployed during the pandemic.

Marina, 41, who was vice president and fashion director of Barney s, now closed, says the timing couldn’t have been worse for her family as the world came to a halt, with few opportunities to jobs available.

But instead of embracing the boredom of the lockdown, she and her husband Ricardo, 42, launched the Larroudé clothing line and spent their days building a remote team, setting up third-party logistics, researching factories and raising seed capital, with all of their meetings conducted on Zoom.

“We decided to take the reins of our own future and start our own business,” says Marina, who was a well-known editor and fashion director at Teen Vogue and Style.com before her role at Barney’s. “Together we have 40 years of experience, me in the fashion industry and Ricardo in finance and operations. He’s been following the fashion industry all these years and we’ve always talked about how we would make him different if we had our own business.

The Larroudés even worked by driving a motorhome from New York to Malibu and back with their children for over a month, stopping in national parks along the way and achieving a dream of a lifetime.

“This country is so beautiful,” says Marina. “We can’t wait to start over. We did everything at the start of Larroudé. It was the right start to an adventure of our life.

Larroudé launched a line of shoes, bags and clothing last December; Marina describes the aesthetic as “cheerful and playful”. Larroudé’s irreverent and colorful shoes quickly became ubiquitous on Instagram, but the brand is enjoying wider appeal, with celebrities such as Rita Ora, Normani and Amy Sedaris among Larroudé fans. Even First Lady Jill Biden has been seen wearing the Erin, a black clutch bag embossed in alligator.

Larroude


ITEMS

Larroudé’s line includes shoes, bags and clothing, but his shoes, especially heels, are the star of the show. From Diana flats to the 4.5 inch tall Dolly sandals, which are crystal encrusted suede, all of Larroudé’s shoes have a larger shape and toe for comfort, and a memory foam sockliner for added comfort. an additional cushion. Materials include high shine suede, leather and patent leather with playful patterns. “Whimsical printed shoes have my heart,” says Marina.

Now that the seasons have changed, she’s switching to the often-selling Louise western boot. “Luckily I have the sample and this is what I’ll be wearing all fall,” she says.

Larroudé currently has a handbag shape, the Erin clutch, which comes in crocodile-embossed leather or patent leather with a naughty cannabis leaf print.

The brand also offers sweatshirts, sweatpants and denim.

THE PRICE

The Larroudé shoes range from US $ 150 for flat mule sandals to US $ 485 for lace-up knee combat boots. The cult platform Miso sandal costs between $ 285 and $ 290. The Erin clutch costs US $ 325 and clothing ranges from US $ 95 for a sweatshirt to US $ 235 for jeans.

Although Larroudé products are sold through retailers like Revolve and Shopbop, the line started out as a direct-to-consumer business, allowing lower prices for high fashion items, Marina explains.

Larroude


WHAT IS THE GOOD?

Marina says that when she and Ricardo started Larroudé, sustainability was a top priority.

“We want [Larroudé] be a part of people’s lives for a long time, ”she says. “It’s more than an aesthetic, but also how humans should connect to each other and to the world.”

This meant finding a factory with responsible practices. Marina and Ricardo are originally from Brazil and work exclusively with a Brazilian factory that respects the rules of the International Labor Organization. Larroudé also ensures that the plant meets additional criteria, such as proximity to quality housing and social benefits.

Larroudé shoes and bags are made from leather sourced from local tanneries certified gold by the Leather Working Group, a non-profit organization that performs environmental audits for leather manufacturers. Larroudé is responsible for the responsible disposal of all its industrial waste and for taking active measures to reduce environmental pollution.

AND AFTER

Larroudé has several ongoing collaborations, including a collection with vegan shoe brand Melissa to launch during the holidays, and another shoe collection with Oscar de la Renta to launch in the spring.

Marina says the brand is also working to expand its handbag collection, wholesale footprint and new product categories while seeking a physical retail storefront.


Silversea begins construction on new build in 2023, Silver Nova – Cruise Industry News


Silversea Cruises has announced the name of its first ship, the Silver Nova, as well as the start of construction of the ship at Meyer Werft in Papenburg.

The ship is one of two ordered for the luxury brand as part of Project Evolution.

Executives from Silversea and Meyer Werft marked the occasion with a traditional steel cutting ceremony on November 18. The ship, scheduled for delivery in summer 2023, will be the port’s first local emissions-free luxury hybrid cruise ship, according to a press release. .

From left to right: Roberto Martinoli and Jan Meyer

The company said the Silver Nova is expected to achieve a first in the cruise industry – emission-free local operation in the port using fuel cells and batteries. The Silver Nova will use liquefied natural gas (LNG) as the primary fuel. The new hybrid technology not only helps in the port, but will also allow Silver Nova to achieve an overall 40% reduction in its greenhouse gas emissions as a result double compared to its previous class of ships (the Muse class ).

“Our Nova Class ships represent a significant investment in unprecedented technological solutions. They support our mission to preserve the planet without compromising on comfort or luxury, ”said Roberto Martinoli, President and CEO of Silversea Cruises. “Silver Nova is the manifestation of Silversea and Royal Caribbean Group’s long-term commitment to sustainability.

“Sustainability is the future of luxury travel and the Silver Nova name is representative of Silversea’s incredible luxury innovation,” added Barbara Muckermann, Commercial Director. “Silversea is already a leader in eco-friendly travel and now, with Silver Nova, we will go even further to meet the expectations of luxury travelers today and tomorrow.”

“We are delighted to begin construction of this innovative vessel and to continue our long partnership with Royal Caribbean Group. This day is very special for us, as it is the first time that a Silversea ship has been built in our shipyard, “adds Bernard Meyer, Managing Director of Meyer Werft.

Long-lasting features of the Silver Nova and all future Nova-class ships include an automatic micro-gasification system, which reduces the volume of waste on board, reducing incineration emissions. In addition, the ship class is also expected to achieve an Energy Efficiency Design Index (EEDI) approximately 25% higher than the applicable International Maritime Organization (IMO) requirements. Shore power will allow the ship to shut down its main generators in some ports and plug into shore power supplies, the company said.

The vessel will have a capacity of 728 passengers and a gross tonnage of 54,700 tonnes.

Delivery of the Silver Nova is scheduled for summer 2023. Members of the Silversea loyalty program, the Venetian Society and travel counselors will have pre-sale access from December 16, 2021. General sales will open on January 6, 2022 .


Pandemic Advertising: How Brands Have Used COVID as a Marketing Tool



At the start of the pandemic, consumers were bombarded with a hastily-constructed new form of advertising. In these “uncertain times,” customers were promised that they could count on their favorite brands for help. Commercials – often featuring dark piano music and / or statements that everyone was “in the same boat” – were omnipresent. Now that the dust has settled on the COVID-centric advertising wave, new search reveals the tactics behind these often large-scale advertising campaigns and why consumers (and therefore brands themselves) should be wary of marketing in a crisis.

When COVID began to plague people around the world and governments were unsure of how to react, corporate advertising sought to define the pandemic in such a way as to make businesses – and their products – a vital part of the fight. solution, whatever it is. In a review of advertising campaigns that ran between mid-March and the end of April 2020, companies used advertisements to tell three main types of stories about COVID. Some, like global shipping giant Maersk, have highlighted the impact of the pandemic on the supply chain and underlined their role in helping get essential equipment to the right places. This type of marketing has defined COVID as a logistics crisis – an issue for which business executives might claim they have the most specialized expertise.

Others, especially consumer goods brands like Starbucks, have focused on the financial side of the situation and their role in giving food or money to those in sudden need. This type of marketing has defined COVID as a capital crisis. If the problem is not enough money, then rich corporations can become heroes by freeing up money quickly. And then there were those – especially the fashion and luxury brands – who were focusing on the emotional impact of the pandemic and pointing to their products as a way to make the experience easier and more enjoyable. These ads showed that personal consumption – shopping from your lockdown – could be a form of humanitarian heroism, with you as the grateful recipient, or a means of to take care from yourself.

But there were risks associated with these messages, and not all of them landed well. Some advertisements seemed to ignore the broader social issues that made the crisis more difficult for some to endure. Fashion ads targeting women who described the pandemic as some kind of “stay, “for example, sat uncomfortably next to the news on women leaving the workforce under the overwhelming burden of childcare and household chores. Electronic Cigarette Ads Encouraging Consumers to Vap “For Your Health” invited a reaction when hospitals were filled with COVID patients on ventilators.

Some companies even consumers provoked making fun of the severity of the pandemic, including an Italian ski resort that guest travelers to “experience the mountain to the fullest” in a place “where feeling good is contagious”. All the while, social media companies have struggled to eliminate misinformation “influencers” hired by wellness brands to promote products not tested as COVID-19 cures.

Even accompanied behind advertising campaigns that took the pandemic seriously, found themselves on unstable ground. When the UK came out of its first lockdown, cleaning brand Dettol went viral (in a bad way) as it seemed to encourage commuters to return to the office. Some consumers have confused the ads with government public service announcements promoting shopping as a way to stimulate the economy. The misconception contained a grain of truth, for Dettol was the government corporate partner to disinfect public transport. Indeed, several brands in our research mentioned government partnerships as one of the benefits of the crisis.

Meanwhile, the advertisements encourage consumers to shop to “help” rebuild the economy (and the businesses that make it up) have proliferated.

Beyond the pandemic: consume with conscience?

Advertising that addresses social concerns is common, and not just in relation to COVID. In fact, such advertising spans a spectrum of causes where consumers are willing to see business solutions for everything from poverty To climate change. Our research shows that this type of advertising is often designed to influence the way audiences understand social issues and encourage people to view ethical consumption as an issue. way to help.

Like others argued, such good cause marketing “creates the appearance of giving back, masking the fact that it is already based on withdrawal.” For example, consumers may be dissuaded from campaigning for more radical change, believing that they have already played their part through “ethical” purchases. A familiar example is when companies boast that a percentage of the proceeds of certain products goes to a social cause. The the amount given is often small while the revenue that the new product generates for the company is considerable. (Another comes in the form of fashion industry capsule collections that advertise the products as “sustainable” or “recycled”, and thus, may deter consumers from reducing their consumption due to the “green” nature. offers.)

In this context, the risks of attaching a social issue to an advertising campaign are considerable – for the company, the consumer and the cause itself. Our research suggests that it is not every time that the good time for publicity, and you have to be wary of brands that offer freebies.

Lisa Ann Richey is professor of globalization at the Copenhagen Business School. Maha Rafi Atal is Senior Lecturer in Global Economics at the School of Social and Political Sciences, University of Glasgow. (This article was originally published by The Conversation.)


Mid-morning market update: markets open higher; G-III apparel earnings beat views

After the market opened on Wednesday, the Dow Jones traded up 0.99% to 34,824.47 while the NASDAQ climbed 1.40% to 15,755.57. The S&P also rose, gaining 1.39% to 4,630.57.

The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 49,428,910 cases with around 803,040 deaths. India has confirmed a total of at least 34,596,770 cases and 469,240 deaths, while Brazil has reported more than 22,094,450 COVID-19 cases with 614,750 deaths. In total, there have been at least 263,226,130 cases of COVID-19 worldwide with more than 5,236,980 deaths, according to data compiled by Johns Hopkins University.

Sectors ahead and behind

Energy stocks climbed 2.2% on Wednesday. Meanwhile, the top industry winners included Vertex Energy, Inc. (NASDAQ: VTNR), up 14% and Transportadora de Gas del Sur SA (NYSE: TGS) up 10%.

In Wednesday’s trading, healthcare stocks rose only 0.4%.

Superior title

G-III Clothing Group, Ltd. (NASDAQ: GIII) on Wednesday posted better-than-expected results for its third quarter.

G-III Apparel Group reported quarterly earnings of $ 2.16 per share, beating analysts’ estimates of $ 1.78 per share. The company’s quarterly sales were $ 1.02 billion, against expectations of $ 1.01 billion.

G-III said it sees FY22 EPS of $ 3.65 to $ 3.75 and sales of $ 2.77 billion.

Bullish stock trading

OceanPal Inc. (NASDAQ: OP) Shares jumped 75% to $ 9.14 after the completion of the Diana Shipping spin-off on Tuesday.

Actions of Arbutus Biopharma Corporation (NASDAQ: ABUS) got a boost, pulling 35% to $ 4.33. Moderna has lost appeals from Arbutus patent board decisions, Bloomberg reported.

Ambarella, Inc. Shares (NASDAQ: AMBA) also rose, gaining 25% to $ 224.85 after the company reported better-than-expected third-quarter results and released better-than-expected fourth quarter sales guidance.

Discover these great engines of the day

Downward trading of stocks

Beyond Spring Inc. (NASDAQ: BYSI) Shares fell 55% to $ 5.80 after the company announced that the FDA issued a full response letter regarding the company’s application for the new drug plinabulin. HC Wainwright & Co. demoted BeyondSpring from Buy to Neutral.

Actions of Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) was down 19% to $ 4.08. Shares of Cumberland Pharmaceuticals jumped 128% on Tuesday after the company announced that the expanded FDA-approved labeling for Caldolor now includes its use in preoperative administration.

CTI BioPharma Corp. (NASDAQ: CTIC) was down, falling 18% to $ 1.8499 after the company said the FDA extended the review period for the new drug application for pacritinib to treat adult patients with the condition. intermediate or high risk primary or secondary myelofibrosis with a baseline platelet count less than 50 × 109 / L.

Merchandise

In the commodities news, oil traded up 4.3% to $ 69.01, while gold traded up 0.6% to $ 1,787.40.

Silver traded up 0.4% to $ 22.82 on Wednesday while copper rose 1% to $ 4.3245.

Eurozone

European stocks were higher today. The Eurozone STOXX 600 gained 1%, the Spanish Ibex index gained 1.4% and the German DAX 30 climbed 1.5%. At the same time, London’s FTSE 100 gained 1.3%, the French CAC 40 by 1.3% and the Italian FTSE MIB by 1.6%.

The Italian manufacturing PMI index hit a record high of 62.8 in November. Germany’s manufacturing PMI fell to 57.4 in November from a preliminary reading of 57.6, while retail trade fell 0.3% in October. The IHS Markit Spain manufacturing PMI fell to 57.1 in November from 57.4 the previous month. Annual house price growth in the UK reached 10.0% in November, down from 9.9% the month before.

Economy

Private companies hired 534,000 workers in November, up from a revised increase of 570,000 the month before.

The IHS Markit manufacturing PMI slipped to 58.3 in November from a preliminary reading of 59.1.

The ISM composite manufacturing index climbed to 61.1 in November from 60.8.

Construction spending in the United States rose 0.2% in October.

The Energy Information Administration’s weekly report on U.S. oil inventories is expected to be released at 10:30 a.m. ET.

The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET.

Check out the full economic calendar here

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Falguni Nayar: Nykaa plans to triple number of stores in retail expansion: Falguni Nayar, CEO


The trendy Indian cosmetics retailer plans to more than triple its physical stores to 300, said founder and managing director Falguni Nayar, significantly strengthening its offline presence in the country.

Nayar declined to give a timeline for the rollout, but said the company is targeting 100 cities, adding to the 84 outlets it already operates in 40 cities.

“The store expansion process had slowed down due to the pandemic (COVID-19) for about a year,” Nayar said in an interview for the Reuters Next conference https://reutersevents.com/events/next broadcast on Wednesday . “But this year, we have relaunched the deployment of our store.”

Although Nykaa largely operates as an e-commerce platform selling everything from global cosmetics brands to jewelry, Nayar said physical stores, targeting Indian consumers wishing to purchase touchscreen products, are a critical part of the company.

Despite the rapid growth of e-commerce and Amazon.com in India’s nearly $ 900 billion retail market, most shoppers are still buying products offline.

Nykaa said it is targeting a sub-segment of this industry – the $ 70 billion beauty, personal care and fashion market.

Like many other retailers, Nykaa has been hit hard by the pandemic as work-from-home rules have reduced demand for office clothing, cosmetics and footwear. The company announced a 96% drop in quarterly profits last month.

But things are improving as the COVID-19 pandemic abates and the holiday and wedding season in India accelerates.

“There is clearly a make-up (products) upturn that was pre-pandemic,” Nayar, a 58-year-old former investment banker, said in an interview on Nov. 25.

Nayar grabbed public attention last month when his company made a massive debut on the stock exchange with a valuation of $ 14 billion.

Top private equity firms such as TPG and Fidelity, and Indian Bollywood stars Alia Bhatt and Katrina Kaif, have financially supported FSN E-Commerce Ventures, the company that owns the Nykaa brand.

Nykaa, which sources many products in Europe, is also focused on increasing exports of its own private labels to the UK and the Middle East.

Nonetheless, Nayar said India remains the priority given the country’s massive growth potential.

Many Indians, Nayar noted, “have not yet bought their first watch, first car, first house – I think India is in a very different situation than other developed economies.”


ECommerce Coordinator – Pedestrian TV

0

Now Hiring an Ecommerce Coordinator | This luxury fashion brand is on a rapid growth trajectory both locally and internationally. This position is a great opportunity for an extraordinary talent to gain experience in e-commerce in a growing environment. Based out of their headquarters in Alexandria, you will be mentored by some of the brightest names in luxury fashion.

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THE ROLE

  • Manage the e-commerce inbox according to luxury brand service standards, including managing customer feedback and proactively analyzing customer behavior through to management feedback.
  • Coordinate the shipment of orders through our retail network and warehouse.
  • Handle customer service requests from all phones and emails (and webchat in 2022)
  • Monitor packaging supplies and report replenishments to management as required.
  • Support the ecommerce manager in achieving weekly and monthly sales goals as well as any specific ecommerce project.
  • Work with internal teams – especially with retail and marketing – and be able to both collaborate and work independently as needed.
  • Manage sales in the point of sale (1-2 days a week)
  • Welcome buyers and marketing / PR contacts in the showroom.
  • Provide occasional assistance to management

Our dream candidate looks something like this:

  • Demonstrated experience in customer service and sales.
  • Familiarity with ecommerce platforms – ideally Shopify.
  • You are a clear communicator, both written and oral.
  • Great attention to detail, exceptional organizational skills and efficiency in juggling a number of tasks simultaneously
  • A positive and energetic attitude combined with good listening skills
  • Being able to think outside the box and go beyond what is sometimes required.
  • Initiative and ability to solve problems and provide effective solutions to daily tasks.
  • You’re not afraid to roll up your sleeves and make it your own, but you also enjoy working collaboratively with others

In return, there is a tight-knit collaborative team who are very engaged and love what they do. This is a successful, dynamic and fast growing luxury brand – with a move to new pending offices and international growth – this is an exceptional opportunity to work with one of the brightest names. of the Australian luxury space.

Where to buy and how to participate


After the Black Friday and Cyber ​​Monday shopping holidays, Give Tuesday asks us to give back and do good, while engaging in what the official GivingTuesday website calls “radical generosity” in our day to day lives.

With all the money traded during Black Friday and Cyber ​​Monday, Giving Tuesday, which falls the day after Cyber ​​Monday (November 30 of this year), acts as a charitable counter-programming to the biggest holidays of purchase, a way for buyers to give back to the community after spending so much on themselves and their families. And this year, it’s easier than ever to participate.

Founded in 2012 as a collaboration between 92nd Street Y of New York and the United Nations Foundation, Giving Tuesday began as a way to encourage a “day that encourages people to do good,” according to the website, but has since grown into its own non-profit organization. – and a national movement. In 2020, 34.8 million people participated in Giving Tuesday, raising $ 2.47 billion in the United States for charitable causes, according to the association.

“All that money [being spent after Thanksgiving] comes from the same portfolio, ”said in 2018 Asha Curran, CEO of GivingTuesday (as the organization is officially styled), at American Bar Association. “We wanted to appropriate some of that money for the nonprofit world.”

Organizers from Tuesday to donation stated that Giving Tuesday can be celebrated “every Tuesday and every day” and beyond donating money you can participate just by being kind to your neighbor, volunteering, thanking essential workers or by participating in other acts of generosity. You can also spread the spirit of doing well by sharing posts with the #GivingTuesday tag.

At Select, we’ve spent the weekend sifting through offers and sales to get you through the biggest shopping days of the year. But as the days of Black Friday and Cyber ​​Monday draw to a close, we’ve also found companies that are holding their own Giving Tuesday fundraisers by donating a portion of their sales on the day of the annual celebration. by Giving Tuesday. Last year, the brands that participated included DoorDash, Difference and impossible foods. This year, Disney, Guitar Center and Michael kors are among the companies that give back.

Where to shop on Tuesday I donate

These companies will donate goods or a portion of their sales to charity when you purchase their products.

  • Guitar Center: Customers can round up their purchases to the next dollar to support the Guitar Center Music Foundation, dedicated to music education. On Tuesday Giving, the company will match 100 percent of in-store purchases and online donation rounds.
  • TravelPro: The Luggage Company donates 5 percent of all Tuesday I Give sales to Tiffany Haddish’s She Ready Foundation to support foster children.
  • Disney: Until December 31, for every Disney book purchased, Disney will donate one book to First Book, a non-profit organization that provides books and other educational resources to children in need.
  • Michael kors: The famous design company donates 100 percent of the profits of its Unisex Watch Hunger Stop LOVE Organic Cotton T-Shirt to the United Nations World Food Program.
  • Hairdressing: The hair products company is offering 10% off and will donate 2% of sales to Planet Partners with the code MARDI.
  • Instacart: For each order placed with the grocery delivery service, users can donate a meal to a local or national association of their choice at no additional cost.
  • Dell: The IT company will donate a new laptop to a needy student for every laptop customers traded between now and December 30, up to 2,000 laptops. You can use the trade-in value to buy or reduce the cost of a new laptop.
  • Food52: The kitchen and home store and community donate 5 percent of their sales on Giving Tuesday to Feeding America, a national group of food banks working to end hunger.
  • KFC: For every chicken sandwich sold on Tuesday I donate, KFC will donate $ 1 to Blessings in a Backpack, a charity that fights hunger.

How other companies give back

  • Shutter is teaming up with fashion icon Iris Apfel to launch a limited edition NFT CryptoCard collection, which will be up for auction starting on Giving Tuesday. All proceeds from the auction will be donated to the Boys & Girls Club of America.
  • soft, the pet supply store, will match up to $ 2 million in donations from customers Nov. 24-30 to animal welfare charities across America.
  • Citi Bank will match 100 percent of donations up to $ 200,000 made to No Kid Hungry this Tuesday Giving.
  • Meta matches $ 8 million in donations made on Facebook this Tuesday I Give and will host a tournament for game makers, where the company will donate $ 25,000 to the charity chosen by the winning team.
  • TIC Tac will donate $ 7 million to “mission driven” organizations, as well as $ 1 million in advertising credits to nonprofits.

Catch up on Select’s in-depth coverage of personal finances, technology and tools, well-being and more, and follow us on Facebook, Instagram and Twitter to stay up to date.



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Finance Minister Nirmala Sitharaman said the previous cryptocurrency bill has been reworked.

Government To Introduce New Crypto Bill To Parliament After Cabinet Approval





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Indiabulls Hsg 232.20 1.30 0.56
Rec. 132.40 3.50 2.72
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