Plus, fast-fashion’s growth in 2019.
These are the stories making headlines in fashion on Monday.
The cost of Fashion Nova’s cheap clothes? Workers paid “illegally low wages”
For the last few years, Fashion Nova has emerged as the fast-fashion retailer for the Instagram age, collaborating with celebrities like Cardi B. and creating a broad network of loyal influencers and consumers to peddle its mass-produced but expensive-looking clothing. A new report from the New York Times, based on an investigation by the Federal Labor Department, alleges that the cost of the brand’s cheap apparel is workers being paid “illegally low wages” in L.A. factories. Fashion Nova has denied any wrongdoing. {The New York Times}
Fast fashion only grew in 2019
Meanwhile, fast fashion got bigger this year, as online retailers invested in logistics and improved supply chains to aid in faster design-to-delivery. In an effort to minimize inventory problems, companies have begun using data to forecast trends and to inform the buying process. Brands like ASOS, Missguided, Boohoo and PrettyLittleThing have introduced pay-later payment services like Klarna to acquire new customers and lower the barrier to purchasing. {Vogue Business}
Dolce & Gabbana announces succession plan
Domenico Dolce and Stefano Gabbana will retire some day, but Dolce & Gabbana will live on — and stay in the family. The design duo announced that the 34-year-old business will continue to be run by the Dolce family when they eventually step away. {Vogue Business}
LVMH CEO Sidney Toledano talks the future of luxury
Thanks to millennials and Gen Z, the luxury market (which encompasses both goods and experiences) has grown to $1.3 trillion in 2019. LVMH is one of the biggest players in this space, responsible for 75 fashion houses and 4,600 boutiques around the world. The group’s CEO Sidney Toledano sat down with Forbes to discuss the future of luxury, its global value and its biggest customers. {Forbes}
David’s Bridal will no longer charge premium for plus-size wedding dresses
For brides size 12 and up, wedding dress shopping can bring on self-consciousness and doubt — not to mention additional costs, with some brands charge extra for plus-size wedding dresses, citing manufacturing costs for additional fabric, lace and beading. David’s Bridal, however, just took a step to become more inclusive by announcing it will no longer charger more for plus-size wedding dresses and bridesmaid gowns. {The Knot News}
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Source: Fashionista.com
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