Inside Nordstrom’s Plan to Back Black Brands

Angelo Flaccavento on Couture in the Time of Covid-19

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, JANUARY 29, 2021 Nordstrom has a plan for selling $500 million in products from Black and Latino brands over the next five years. China's tech crackdown could help fashion brands reduce their reliance on Alibaba. Angelo Flaccavento examines Paris couture in the time of Covid-19. Ferragamo sales were down 20 percent in the fourth quarter. Condé Nast's Allure is opening an "immersive" store in New York. Plus, watch Michael J Wolf break down the collision of media, tech and e-commerce.

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RETAIL Activists Pushed Retailers to Back Black-Owned Brands. Here's How Nordstrom Responded. By Chantal Fernandez

The American department store aims to sell $500 million worth of products from Black and Latino brands and diversify its management. Executives tell BoF how they plan to stay on track. READ MORE

FASHION WEEK Couture in the Time of Covid-19: Realism or Fantasy? By Angelo Flaccavento

The all-digital haute couture week that closed on Thursday spoke to a widespread hunger for something special, from the simply beautiful to the plain crazy, reports Angelo Flaccavento. READ MORE

CHINA How Worried Should Fashion Brands Be About China's Tech Crackdowns? By Zoe Suen

Experts say that a slew of new regulations spanning livestreaming, anti-trust and data collection could actually be an opportunity for fashion and beauty brands to reduce their reliance on giants like Alibaba. READ MORE

Power Moves | Furla, Valextra Name New Leadership READ MORE

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NEWS BRIEFS Ferragamo's Sales Fall 20% in Fourth Quarter Swatch Group Looking to Brighter 2021 After Sales Collapse in 2020 Allure Magazine to Open Store in New York With $150 Million Wiped From Its Market Value, Alibaba Enters Faceoff With Investors US Second Daughter Ella Emhoff Signs to IMG Models Beauty Brand Incubator Maesa Names Gianni Pieraccioni as New CEO Reddit Users Fuel Fresh Gains for Swimwear Stocks 'Made in Italy' Brands Need Size to Survive, FSI's Chief Says German beauty retailer Douglas to Close Around 500 Stores, Cut 2,500 Jobs UK Sees Sharp Fall in Spending, More Furloughs Under New Lockdown US Retail Trade Groups Ask Congress to Act on Xinjiang Forced Labour

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VIDEO Michael J. Wolf: When Technology, Media and E-Commerce Collide By BoF Team

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At PVH, Creating an Archive That Can Educate and Inspire BoF discovers how collecting, organising and sharing the creative output of PVH's brands, including Tommy Hilfiger and Calvin Klein, empowers creative inspiration and brand education. READ MORE

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