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☆ Credit Suisse memorabilia up for grabs in online shops
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

[1/3] Gold bars from the Credit Suisse are seen in a shop in Zurich, Switzerland March 20, 2023. Dozens of bars of gold, stamped with the name of the issuer - the 167-year-old Credit Suisse - were uploaded to the country's most popular online marketplaces, Ricardo.ch and tutti.ch. With it still unknown whether the Credit Suisse brand will be continued, the sellers are seeking to attract those looking to snap up a piece of Swiss financial history. Credit Suisse is expected to remain an independent brand until the merger is complete, at which point UBS will decide whether to pull the plug on the separate Credit Suisse identity. Corporate swag from recently failed Silicon Valley Bank is also proving popular online, as is merchandise linked to Lehman Brothers, which filed for bankruptcy at the height of the 2008 financial crisis.

☆ UK abolishes tax threshold on pension allowance to encourage people to work longer
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] Machinist Yasemin Mehmet, aged 68, poses for a photograph on the factory floor of Fashion-Enter Ltd in London, Britain, February 15, 2023. The capped amount of money that can put in their pensions in one year without paying tax will also rise to 60,000 pounds from 40,000 pounds, he said. The move is designed to stop people, particularly doctors and other professionals, quitting the workforce or reducing the hours they work when their pensions surpass the tax thresholds. "I do not want any doctor to retire early because of the way pension taxes work," Hunt said. ($1 = 0.8279 pounds)Reporting by Andrew MacAskill; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ Zara shoppers are crowding back to the brand's stores, and it's sending sales skyrocketing
▼ + stars: | 2023-03-15 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Zara shoppers flocked to stores in 2022, giving a major sales boost to parent company Inditex. Inditex reported a 23% increase in store sales last year despite closing 10% of its stores. Zara shoppers have long complained that stores are crowded and checkout lines are unusually long. "A key factor of the year has been that traffic and store sales increased markedly," García Maceiras said. The US is a key market for Inditex, García Maceiras said, and has potential to provide a "significant" boost to the retailer's business long-term.

Shares in H&M were down 6% in early trade, underperforming the wider Swedish market (.OMXSPI). The Swedish group said sales measured in local currencies for the period, its fiscal first quarter, rose 3% from a year earlier. Jefferies said local-currency sales, the figures most watched by markets, were significantly lighter than consensus estimates and implied that sales in reality fell 3% in February. By contrast, market leader Inditex (ITX.MC) reported on Wednesday a 13.5% increase in Feb. 1 - March 13 sales and a 27% net profit increase for its fiscal year through January. Royal Bank of Canada (RBC) said it expected continued input cost increases in the first quarter for the retailer and that it would stay under pressure into the second quarter.

☆ Zara is opening or revamping nearly 30 stores in the US by 2025 — here's where they're located
▼ + stars: | 2023-03-15 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Inditex is planning to open at least 10 new Zara stores across the US by 2025. At least a dozen other Zara locations will be revamped or enlarged, the retailer said. "This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said. Foot traffic is up at Zara stores around the world, and Inditex reported a 23% jump in store sales in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti. Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US.

☆ Hugo Boss CEO confident on Europe's consumer outlook
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHugo Boss CEO confident on Europe's consumer outlookDaniel Grieder, CEO of fashion brand Hugo Boss, speaks to CNBC's Geoff Cutmore about his company's earnings and the consumer environment in Europe more broadly.

☆ In praise of American finance’s regulatory mess
▼ + stars: | 2023-03-09 | by ( John Foley | ) www.reuters.com time to read: +8 min

NEW YORK, March 9 (Reuters Breakingviews) - There are many issues on which China and the United States are far apart. The People’s Republic this week proposed combining financial regulatory functions into a new super watchdog to govern its financial sector more effectively. China’s proposed new National Financial Regulatory Administration is roughly in this mold. Since 2008, officials in Beijing have criticized the United States’ financial excesses and its “warped conception” of financial discipline. The new National Financial Regulatory Administration would sit directly under the State Council, which serves as China’s cabinet.

☆ Britain's early retired resist calls to work, despite higher living costs
▼ + stars: | 2023-03-09 | by ( David Milliken | ) www.reuters.com time to read: +8 min

The exodus of older workers has no equivalent in other advanced economies. "The best part of 90% of people who say they are early retired ... say that they will probably or definitely never work again." Based on data from before the pandemic, Britain's Resolution Foundation found the richest fifth of 50-59 year olds were 10 times likelier to retire early than the bottom fifth. Other companies say they value older workers for their experience. "Older workers are the ones that have got the skills - we don't find young people with the skills that we need.

☆ Horses on the catwalk: Stella McCartney pushes leather-free style
▼ + stars: | 2023-03-06 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/2] Models present creations by designer Stella McCartney as part of her Fall-Winter 2023/2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, March 6, 2023. REUTERS/Sarah MeyssonnierPARIS, March 6 (Reuters) - Stella McCartney drove home her leather-free fashion message by sending a team of horses to canter alongside models wearing styles crafted from new, eco-conscious materials. "I just really want to show everyone in the world - and the world of fashion - that you don't really need to do that," she said. At the show in the Ecole Militaire stables in Paris, seven horses, guided by their trainer, Jean-Francois Pignon, performed individually and in formation. LVMH owns a minority stake in the label and McCartney serves as environmental adviser to the entire luxury group.

☆ I got a job on Netflix's 'Next in Fashion' by DMing a producer on Instagram. Here's what my job is like as a stylist
▼ + stars: | 2023-03-03 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +12 min

She landed a stylist job on season 2 of 'Next in Fashion' after dropping out of fashion school. I wouldn't have been able to land my first major stylist job at New York Fashion Week if I had been at school. Three days later, he called and said he was on the New York Fashion Week calendar, and asked if I would style his show. These are a few models I styled for Nicholas Raefski’s Fall/Winter 2022 presentation at New York Fashion Week. I was allowed to make TikTok content on the Netflix set, as long as I didn't give away anything creatively.

☆ How entrepreneurs can use Poshmark to earn six figures in side hustle income
▼ + stars: | 2023-03-02 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Poshmark is a resale app that some entrepreneurs turn into six-figure side hustles or businesses. Insider spoke to two sellers who shared how they scaled their Poshmark businesses. It's easier than ever to start your own business or side hustle because all the tools you need exist online. Insider spoke with two Poshmark sellers who turned their side hustles into successful full-time businesses. If you have created a successful side hustle or six-figure business on Poshmark and would like to share your story, please reach out via email to jortakales@insider.com.

☆ Parade — the inclusive underwear brand beloved by Gen Z and self-styled as 'the internet's favorite' — is coming to Target
▼ + stars: | 2023-03-01 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Inclusive underwear brand Parade is launching at 400 Target stores this week. The brand is popular with younger consumers, but wants to grow its reach away from its Gen Z core. Self-described as the "Internet's favorite brand," Parade has built itself up around its community of Gen Z nano influencers, who promote and offer feedback on new items. "Our ambition is to be the leading underwear brand for all people," cofounder and CEO Téllez told Business of Fashion. Insider reached out to both Target and Parade for further comment, but did not immediately hear back.

☆ OnePlus just unveiled a new concept phone equipped with cryogenic liquid to keep it cool
▼ + stars: | 2023-02-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Chinese tech company OnePlus has unveiled a new concept phone at MWC 2023. The OnePlus 11 Concept boasts a new eye-catching cryogenic cooling system. The new OnePlus 11 Concept pairs PC-grade cooling technology with the design of high-end watches. Tasmin Lockwood/InsiderThere's no doubt that the OnePlus 11 Concept was designed to show off the system. The OnePlus 11 Concept has three camera lenses in the same style as other OnePlus 11 models.

☆ How a 34-year-old Ukrainian founder created scrappy business opportunities amid the chaos of war
▼ + stars: | 2023-02-25 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Alina Kachorovska has kept her business afloat thanks to scrappy opportunities amid the war. She's made boots for Ukrainian soldiers and focused on international expansion to sustain the brand. Kachorovska, which relied heavily on domestic direct-to-consumer sales before the war, felt a major impact from the displacement of Ukrainians. Opportunities during wartimeKachorovska employees worked from the factory to produce boots and shoes amid the war. Kachorovska first dreamed of taking her brand international six months before the war with Russia began, she said.

☆ Elon Musk-led Twitter has been sued by at least six companies for failing to pay bills
▼ + stars: | 2023-02-24 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Elon Musk's Twitter was sued again in California this week for alleged failure to pay a vendor. The Tesla and SpaceX CEO led a $44 billion buyout of Twitter, which closed around October 27, 2022. According to a Platformer report on Thursday, Twitter suddenly cut off employees' access to Slack this week after failing to pay a bill. In the newest complaint, filed in California Superior Court in San Francisco, Writer says that Twitter failed to pay a bill for the relatively humble amount of $113,856. This week, he wrote on Twitter, "Say what you want about me, but I acquired the world's largest non-profit for $44B lol."

☆ P&G, Constellation Brands see solid U.S. demand, even as prices rise — a key reason we're shareholders
▼ + stars: | 2023-02-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Constellation Brands "Consumer demand for our products remains strong even in a challenging macro environment," Newlands said. Procter & Gamble Inflation continues to weigh on consumers and impact global sales volumes at P & G, CFO Andre Schulten said Thursday. P & G last month delivered solid fiscal second-quarter results , in part through raising prices by as much as 10% on some products. Constellation Brands, meanwhile, continues to demonstrate sustained demand for its leading beer brands. Trucks with Constellation Brands Inc. Corona and Modelo beer sit during a delivery in the Zona Rosa neighborhood in Mexico City, Mexico.

☆ How two high schoolers from Denmark built an NFT marketplace and secured funding through a DAO backed by Bessemer Venture Partners
▼ + stars: | 2023-02-22 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Bessemer Venture Partners has invested in the NFT marketplace OWND, which it found through its DAO. Better yet, this DAO had the backing of one of Silicon Valley's blue-chip venture firms, Bessemer Venture Partners. Bach Ryhl read all the crypto-related articles he could find on Medium and took a Web3 course on Udemy. Lunau Liechti, in particular, had been following the efforts of brands such as Nike and LVMH to launch NFT versions of their physical products. "We want to make it as easy to buy a Nike NFT as it is to buy a Nike sneaker online," Lunau Liechti said.

☆ Why Pizza Hut’s red roofs and McDonald’s play places have disappeared
▼ + stars: | 2023-02-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

As fast-food chains spread across the US after World War II, new roadside restaurant brands needed to stand out. So restaurant chains turned to architecture as a key tool to promote their brand and help create their corporate identity. Luke Sharrett/Bloomberg/Getty ImagesBut the fast-food architecture of today has lost its quirky charm and distinctive features. Googie style fell out of fashion in the 1970s as fast-food style favored dark colors, brick and mansard roofs. But in the effort to modernize, some say fast-food design has became homogenized and lost its creative purpose.

☆ Event crashers beware: New York Fashion Week security is on high alert to prevent anyone sneaking in
▼ + stars: | 2023-02-11 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Sources in the fashion industry told Page Six that New York Fashion Week crashers are going to great lengths to get on the guest list. With a spike in clever content about sneaking into such events, which started this week, spreading online, event coordinators are being extra cautious, Page Six reported this week. According to the Page Six report, there are reports of a "crashersnetwork" group in which people share invites to exclusive events. A September report from The Cut magazine alleged that TikTok has created a boom in people attempting to sneak into exclusive fashion events like the annual Met Gala and fashion week after parties. You can peer in but not be a part of this weird exclusive world,'" Lip said in the video.

☆ Dogs hit the catwalk at New York Fashion Week
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - Humankind's best friends stole the show at Elysian Impact's Inaugural CatWalk FurBaby fashion show on Friday during New York Fashion Week. The event brought together designers, models, and rescue animals for a day of fashion and fundraising for animal welfare organizations. [1/3] A dog walks on the runway during the CatWalk FurBaby show during the New York Fashion Week in New York, U.S., February 10, 2023. REUTERS/Jeenah Moon 1 2 3Dr Christina Rahm, CEO of DRC Ventures, the event's lead sponsor - who has three dogs and a cat - manages various brands including a couture luxury pet and human fashion line. So we did a couture line as well," she said backstage ahead of the show.

☆ Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 24%
▼ + stars: | 2023-02-08 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Feb 8(Reuters) - Michael Kors owner Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in demand from department stores for its luxury handbags and apparel and sending its shares tumbling 24%. Capri said third-quarter sales fell 6%, driven by a 20% fall in revenue from its wholesale channel, which includes department stores and other retailers. Revenue for Michael Kors, Capri's biggest brand, fell 4.5% to $777 million in the Americas during the third quarter. Capri, which also owns Jimmy Choo and Versace, cut its annual sales forecast to $5.56 billion, from $5.70 billion. Analysts expect earnings per share of $7.24 on revenue of $6.03 billion.

☆ A style expert said Kyrsten Sinema's yellow dress at the State of the Union 'reflects her independent spirit,' but that it 'missed the mark'
▼ + stars: | 2023-02-08 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

A style expert said Kyrsten Sinema's yellow State of the Union dress "missed the mark." She said the dress could have been "jarring" to members of Congress who are used to "sameness." "Her dress missed the mark and appeared ill-fitting," Lauren Rothberg, an image consultant, author of "Style Bible," and founder of fashion firm Styleauteur, said. Rothberg told Insider she thinks Sinema's dress made the Senator — who recently stepped away from the Democratic party and now identifies as an Independent — feel "unstoppable," adding that she was "definitely seen last night." Chip Somodevilla/Getty Images"The bright, saturated yellow reflects her independent spirit — and party," Rothberg said, adding that she admires Sinema for making a "bold statement."

☆ I got a 'useless' fashion-psychology degree — and now work with brands like Maybelline and Depop. Here's how I used it to land my dream career.
▼ + stars: | 2023-02-08 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +5 min

Shakaila Forbes-Bell is a fashion psychologist who has worked with brands like Next and Depop. It was one of my goals to become a published psychologist, but I still never imagined myself as a fashion psychologist. Even the careers advisors at the job fair I went to after I finished my master's didn't have much knowledge about which jobs I could go into. On my Instagram account, I posted an image of me at my graduation, with the caption "first Black woman to get a degree in fashion psychology." She said that I'd substantiated fashion psychology as a real career.

☆ New York Fashion Week: social media, economy could influence trends
▼ + stars: | 2023-02-06 | by ( Alicia Powell | ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation from the Michael Kors spring summer 2023 collection during New York Fashion Week in Manhattan, New York City, U.S., September 14, 2022. REUTERS/Caitlin OchsNEW YORK, Feb 6 (Reuters) - Big brands and emerging labels will present their new collections at New York Fashion Week, which kicks off on Friday, seeking to entice trend-followers with their latest creations and perhaps some viral moments. At a time when social media is opening up once-exclusive catwalk shows to fashion followers around the world, brands will be seeking to stand out and create plenty of buzz. Solá-Santiago said she expected to see a Y2K revival and the continued resurgence of nightlife attire as well as designers looking to social media trends for inspiration. “There's a lot of niche TikTok aesthetics that are really emerging like #Cottagecore #Regencycore, #Balletcore," she said.

☆ The Taliban requires all mannequins' heads be covered or cut off. Eerie storefront photos offer a glimpse of Afghanistan's new reality.
▼ + stars: | 2023-01-31 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

In Kabul, the capital of Afghanistan, mannequins were once a symbol of fashion and culture. But in the past year, shop owners have resorted to displaying them headless or covered in cloth, just to keep their stores open. AP Photo/Ebrahim NorooziIn August 2021, the Taliban announced that shop owners must remove the heads of their mannequins, or do away with them all together. But several shop owners pleaded with the Taliban to let them keep their mannequins intact. Azizi told Insider that the Taliban forced locals to deface banners displaying photos of fashion models before trying to totally ban the use of mannequins.

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