Fashion Braces for Layoffs

China Lockdowns Weigh on Gucci, The Debrief on Skims

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, JULY 28, 2022 Fashion employees should prepare for the possibility of layoffs as the industry's outlook worsens. Elle UK's new editor-in-chief Kenya Hunt wants to create a magazine that builds on the publication's legacy while addressing today's cultural landscape. Kering reported that China's lockdowns weighed on Gucci's growth last quarter, while Saint Laurent's sales soared. Plus, this week on The Debrief, BoF correspondent Alexandra Mondalek charts the rise of Kim Kardashian's Skims and what challenges lie ahead.

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WORKPLACE & TALENT How to Know When Layoffs Are Coming — And What to Do About It By Sheena Butler-Young

Fashion workers worried about their jobs amid an economic downturn should watch for warning signs and look for ways to transition their role if the worst happens. READ MORE

RETAIL The Debrief | How Skims Took on Victoria's Secret and Spanx By BoF Team

Kim Kardashian's 'solution wear' line was recently valued at $3.2 billion. BoF correspondent Alexandra Mondalek charts the rise of the brand, and details what challenges lie ahead. READ MORE

MEDIA How to Create a Fashion Magazine in 2022 By Tamison O'Connor Elle UK's new editor-in-chief Kenya Hunt lays out her vision for the Hearst-owned title: inclusive, intellectual, but still having fun with fashion. READ MORE

Kering Hurt by Bigger China Exposure Amid Lockdowns READ MORE

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