Top stories on just-style this week include a “defensive” move by The Children’s Place and Gap Inc to acquire Gymboree’s namesake, Crazy 8, and Janie and Jack brands, a blockchain pilot could pave the way for a new end-to-end traceability solution for organic cotton, and struggling British department store chain Debenhams issues a fresh profit warning.
Gap, The Children’s Place in “defensive” Gymboree brands buy
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The decision by US speciality retailers The Children’s Place and Gap Inc to acquire Gymboree’s namesake, Crazy 8, and Janie and Jack brands has been dubbed a “defensive” move by one analyst, as the companies look to prevent another competitor from stepping in and attempting to rebuild the businesses.
How a business-model revamp can create a sustainable future for fashion
A new paper from the Ethical Trading Initiative (ETI) supports growing views that business corporate social responsibility programmes are not enough to improve conditions for workers at the very end of the garment supply chain. Suppliers being pressured to deliver faster and at lower prices is resulting in the situation getting worse instead of better. The only fix, it says, is a shakeup of the current business model.
Blockchain pilot edges closer to full organic cotton traceability
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By GlobalDataThe success of a pilot which uses blockchain to trace organic cotton from farm to gin could pave the way for a new end-to-end traceability solution not only for organic cotton but for other preferred fibres.
L Brands coy on talk of Victoria’s Secret spin off
L Brands has refused to be drawn directly into comments following calls from activist investor Barington Capital Group for the group to spin off its Victoria’s Secret brand in a move it claims will “meaningfully improve long-term value for shareholders”.
Debenhams issues fresh profit warning; expectations are “no longer valid”
Struggling British department store chain Debenhams has issued a fresh profit warning as sales continue to fall.
