This week the apparel industry evaluated fast fashion, debated the home of New York’s Garment District and analyzed the paths that led to the current retail fallout.
Neiman Marcus has been a victim of more than shifting consumer tastes. The Dallas Morning News reported how the retailer, once known for its loyal consumer base, could be struggling due to private equity issues.
How fast is fast fashion? The New York Times analyzed how speedy fulfillment is the new norm for companies, as they struggle to satisfy consumers’ instant gratification shopping habits and wonder whether faster is always better—or necessary.
(Related on SJ: Gucci and Farfetch Partnership Promises 90-Minute Order Delivery)
Retailers’ latest attempt to bring back consumers aren’t about on-the-spot transactions. Retail Dive noted how showrooms enable consumers to physically interact with products and have a memorable brick-and-mortar experience.
(Related on SJ: Survey: Consumers Stand Behind Small Businesses)
The future of retail isn’t all dependent on the suburban mall. Amid retail job cuts and store closures, Crain’s Detroit Business said retail is evolving and so are the workforce needs.
(Related on SJ: These Are the 10 Retailers Most Likely to Go Under Next)
Sears has lost its appeal and one person could be a contributor to its demise. The New York Post explained how Sears’ owner, Eddie Lampert, could be to blame for the decline.
(Related on SJ: Sears Appoints New CFO, Outlines Additional Cost-Saving Measures)
Retailers are actively opposed to the Republican’s proposed border-adjustment tax. Bloomberg noted how several companies, including Target and Walmart, have spent approximately $3.2 million in lobbying since January to repeal the possible tax, which could hike up import costs for U.S. businesses.
(Related on SJ: Trump Leaves Border Tax Out of Reform Plan)
Could America be wrong about the greater brick-and-mortar problem? Bloomberg uses the brick-and-mortar expansion of the Floor & Door chain in the face of its larger competitor Home Depot’s pause in physical store openings as a case study to ask if there is a path forward for physical stores.
(Related on SJ: March Store Traffic Decline Lowest in Four Months)
The New York Garment Industry is contemplating a major move. The New York Times reported how garment district members and Mayor Bill de Blasio’s administration clashed over the industry’s potential relocation to Sunset Park to improve job outlook and the local economy.
Deadstock could be the new eco-friendly material of the fashion industry. Fashionista discussed how the material, which is derived from unused textiles, could be a more sustainable route for future apparel production.