Latest Fashion News - September 2022

GAP eliminates 500 corporate jobs amid shrinking margins

GAP?Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including?Old Navy.

JD Sports Fashion H1 profits fall, but H2 starts strongly

The company recorded revenue of ￡4.418 billion (based on IFRS 16 figures), up from ￡3.885 billion. But operating profit dropped to ￡332.9 million from ￡396.8 million, and pre-tax profit was down to ￡298.3 million from ￡364.6 million.

Adidas by Stella McCartney unveils 'first of its kind' eco sportswear garment

As they say, it is a “first of its kind sportswear garment designed to demonstrate the potential of a circular fashion ecosystem”.?It’s a tracksuit that will be available from 6 October.

J.C. Penney launches J.C. Penney Beauty nationwide

First introduced in fall 2021, the retailer-owned beauty experience is set to expand from its ten brick-and-mortar pilot locations to 300 stores by early 2023, and 600 stores by spring 2023, as of next month.?

Dior to show next men’s pre-collection in Egypt

A new destination for globe-trotting designer Kim Jones. The creative director of?Dior’s menswear will unveil his next pre-collection, for the fall 2023, in Egypt. The Parisian label, which will be organising a show in the African country for the first time, has confirmed the news.

2022's holiday delivery challenge: softening e-commerce demand

FedEx, United Parcel Service and other delivery firms that struggled with too much pandemic-fueled demand from online retailers like Amazon and Walmart, now have the opposite problem - too much delivery capacity.

FedEx, UPS and the U.S. Postal Service (USPS) now can handle 110 million holiday packages per day. That could outpace peak season demand by 18 million packages per day, according to Satish Jindel, a consultant whose holiday peak volume forecasts are closely watched by delivery firms.

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