The COVID-19 pandemic has made changes in the fashion industry that were a long time coming. Major fashion houses and fast fashion brands are being hit hard, as they should be, and this is forcing them to completely re-imagine the way they operate. The changes are for the betterment of our environment, and our well-being. The fashion industry account for 10% of all green-house gas emissions. That percentage is higher than the aviation and shipping industry combined!
Here are the latest headlines in the continuing saga of the post-COVID-19-outbreak fashion industry.
Burberry sets a date
Historied fashion house Burberry marks a date for September 17, 2020 in which they will stages their Spring/Summer 2021 collection. The show was take place outside and be broadcast live online for anyone industry professional unable to attend because of lock-down rules.
Valentino has it out with fifth avenue landlord
New York’s Fifth Avenue is known around the globe for the best shopping in America. You can find highend custom couture to affordable semi-fast fashion. The strip of mainly luxury boutiques has come to a stand still amid the virus pandemic. Major fashion player Valentino is now trying to exit their 15 year lease with 693 Fifth Owner LLC because the outbreak has made returning to normal work “impossible.”
retail sales see large PERCENTAGE jump
The Wall Street Journal released a video about the drastic change in retail sales from April-May 2020, just one month! There was a 17.7% rise in retail sales, an optimistic sign of the future of shopping in enclosed spaces.
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Sources:
https://www.wsj.com/articles/coronavirus-changed-everything-except-t-j-maxx-11592818200
The Highend 