Fashion Resale Is Facing an Inventory Crunch

Gucci Sales Disappoint, UK Fashion Retailers Fall Short on Boardroom Diversity

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, APRIL 22, 2022 A race for inventory is heating up among resale players, with plans to scale their business at stake. Just five of 18 UK-listed fashion companies meet new requirements for diverse leadership, a BoF survey found. Golden Goose is partnering with materials manufacturer Coronet, the latest luxury bet on material innovation to drive sustainability. Gucci revenues missed estimates as owner Kering reported first-quarter sales. Attempts to automate garment manufacturing have largely failed, despite early promise. Can Fashion Leverage Tech to Do Better? Join experts including Natalie Massenet at The BoF Professional Summit in New York on May 4, 2022

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LUXURY Fashion Resale Is Facing an Inventory Crunch By Tamison O'Connor

The luxury secondhand market is growing fast, but sustaining that growth hinges on players maintaining a steady stream of hot products to sell. READ MORE

WORKPLACE & TALENT Most British Fashion Companies Fail to Meet New Leadership Diversity Targets By Sheena Butler-Young and Rachel Deeley

UK regulators this week announced publicly traded firms must have a minimum number of women and ethnic minorities on their boards. Few fashion companies meet those standards currently. READ MORE

LUXURY Gucci's Sales Missed Estimates As Lockdowns in China Weigh By Bloomberg

The Italian brand―Kering's profit and sales engine―missed targets for first-quarter revenue, as Paris-based stablemate Saint Laurent surged. READ MORE

TECHNOLOGY Why Robots Still Can't Do One of Fashion's Most Important Jobs By Marc Bain Efforts to automate sewing have fallen short of expectations. READ MORE

SUSTAINABILITY One Way to Become More Sustainable? Invest in New Materials. By Rachel Deeley Luxury sneaker brand Golden Goose is investing $1.3 million in an R&D tie-up with Milanese materials manufacturer Coronet. READ MORE

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NEWS BRIEFS Old Navy CEO to Step Down Amid 'Execution Challenges' Bernard Arnault Says LVMH's 2022 Outlook Is "So Far, so Good" THG Rejects 'Numerous' Approaches, Warns on Profit This Year Korean Personal Care Giant Acquires The Crème Shop in $120 Million Deal Hong Kong Landlords Brace for Even Deeper Cuts to Retail Rents

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