First Pass

27 stories from 3 sources

Fashion growth meets mounting cost and supply-chain pressure

Day’s Recap

Supporting Articles

Ecco will close its factory operations in Portugal and Vietnam as part of a global restructuring designed to reduce costs. The closures will affect 2,400 jobs.

12:29 PMWWD

Hugo Boss reported another quarter of declining sales and cut its full-year outlook. The company now expects sales to fall by a high single-digit percentage.

3:35 AMWWD

Thousands of garment workers in Bangladesh have taken to the streets to demand higher minimum wages. Workers say current pay barely covers basic needs in one of the world’s largest apparel-exporting economies.

12:27 AMAl Jazeera

Revolve’s third-quarter sales rose 20%, but profit declined as higher logistics costs offset the revenue growth. The pressure comes as the e-commerce retailer serves Millennial and Gen Z shoppers with a cost-intensive delivery model.

5:25 PMWWD

Zalando's revenue increased 5.1% in the third quarter, while gross merchandise volume rose 7.5%. Its B2B division grew 28%, alongside gains in active customers and average customer spend.

3:39 AMWWD

French textile recycler Reju is expanding its recycling hubs and partnering with six mills to develop regenerated polyester at commercial scale. The company says brands must commit to using the resulting fibers for a circular system to work.

1:00 AMWWD

Other Developments

A curated list of other prominent stories from this day.

Yeezy is set to return to the runway with a Season 01 show in Los Angeles on Wednesday. The event will coincide with a showcase of the brand’s flagship.

4:51 PMWWD

René Caovilla and Swarovski are introducing an exclusive pattern in purple and beige designed to evoke the glow of a sunset.

3:33 PMWWD

Rick Owens has opened a 2,306-square-foot boutique at South Coast Plaza in California, marking the designer's debut in Orange County.

1:58 PMWWD

Savills says personal wealth is spreading across the United States, prompting luxury brands to expand into affluent towns and suburbs. Target markets include Short Hills, New Jersey, Scottsdale and Dallas' Knox Street.

1:56 PMWWD

Authentic Brands Group has completed its acquisition of Lee, bringing the denim label into its portfolio.

1:47 PMWWD

Nike is replacing the word "Air" with "Pip" on the Air More Uptempo, honoring Scottie Pippen.

1:45 PMWWD

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