But while these events draw huge crowds and allow buyers to see the latest products on the market, they only scratch the surface of the problem. China, where the virus originated, is a major manufacturing hub for many industries, including fashion. It currently manufactures more than a third of all clothing and textiles globally, although its market share in apparel manufacturing has declined slightly over the past few years. And fashion brands across the spectrum manufacture their products in China, from luxury labels like Prada and Armani to fast-fashion brands like H&M and Zara. The problem is that factories around China are still shuttered, and it’s unclear when they will be up and running again. This means that all fashion brands that source from China are going to see major delays in getting their inventory over the next few months. … [Read more...] about For the fashion industry, the fallout from the coronavirus may be just beginning
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Of course, it’s not enough to create shoes consumers can recycle: Adidas also has to figure out some way of making sure the shoes are recycled. The company is tinkering with the idea of sending return labels and temporary shoes to customers, until they send back their old pair, in addition to other approaches. But as Mark Wilson points out in his story, it might take more to convince customers to part with their shoes, particularly if they’re attached to them. … [Read more...] about Inside Adidas’s ambitious plan to end plastic waste by 2030
Vivo spin-off brand iQOO recently launched its first smartphone as an independent brand in India. The iQOO 3 is an impressive flagship smartphone that arrives in both 4G and 5G variants. However, the iQOO 3 isn't the only 5G smartphone to arrive in India. Realme's first 5G flagship phone debuted in India yesterday in the form of the X50 Pro 5G. … [Read more...] about iQOO 3 5G vs Realme X50 Pro 5G: Which is India’s best 5G smartphone?
North Carolina and Arizona are swing states that bucked the trend and saw faster growth for the poorest 20 percent of households during Trump’s first two years in office than during the prior two years. Arizona’s delayed recovery – and the boost in its minimum wage in 2017 – could explain the faster income growth from 2016 through 2018, according to David Cooper, a senior policy analyst at the Economic Policy Institute, who led analysis of U.S. Census data in collaboration with Capital & Main. … [Read more...] about News analysis: Income growth declines for poor Americans under Trump
And that wasn’t the only change. Adidas’s decision-making hierarchy shifted too. In Portland, separate creative silos were established for sports such as football, basketball, and running (again, similar to Nike), allowing teams to develop products tailored to their specific and evolving customers. Both a general manager and a designer sit atop each silo. “If the GMs are driving the car, the creative directors are navigating where to go,” says Liedtke. The groups share core technology, materials, and retail strategy with each other, but with their new autonomy, they’re now able to develop shoes in weeks rather than months. … [Read more...] about Adidas’s Secret Weapon In The Sneaker Wars