High-street consumers have started to loosen their purse strings, but underlying demand remains fragile, putting the onus on retailers to prop up consumption with creative strategies.
Hennes & Mauritz AB, the world’s third-largest fashion retailer, beat analysts’ expectations on Thursday by posting a 20.9 percent jump in net profit in the fourth quarter. Meanwhile, French clothing chain Etam said total group sales rose 6.5 percent, with China clocking a 31 percent increase.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"