📰 In the news | 16 August 2023

Ananse shares African fashion e-commerce insights with BoF, MRP's CFO exits, and Tapestry buys Capri

Author

Modupe Oloruntoba
August 16, 2023 • Reading this will take: 3 minutes

Woolworths’ new ‘eco-mannequins‘ | via BusinessTech

Across Africa,

South Africa’s export benefits under AGOA come under threat, the fashion rental business grows, Mr Price Group feels SA’s financial pinch, Woolworths’ Fashion/Beauty/Home business unit makes some progress in recovery, and Ananse shares insights from its collaborative report with Fashionomics Africa on e-commerce and SMEs in African fashion with BoF.

How E-Commerce and SMEs Are Transforming Africa’s Fashion Industries

BoF shares key insights from sector specialists on the driving forces behind the evolution of Africa’s fashion industry.

SA asks US for early renewal of AGOA

The plea comes after several US lawmakers questioned whether SA should continue to benefit from the agreement.

Truworths’ promises of fashion vouchers misleading, rules regulator

A ‘sweetener’ of R1,000 should be taken with a pinch of salt.

Departure of CFO ‘inevitable’ as Mr Price counts its costs

The retailer has struggled amid more intense competition and as consumers continue to feel the pinch

There’s something different about Woolworths’ new mannequins

Retail group Woolworths says it is rolling out new “eco mannequins” in South Africa

Woolworths results show increased turnover and sales

Woolworths has released its results for its financial year ended 25 June 2023

Renting goods is ushering in a new era of consumerism

The sharing and renting economy is growing exponentially. Consumerism of goods and services has — and continues to — evolve.

Owning clothes is so over - how Closet Runway is making rental fashion work in South Africa

Closet Runway's Ange-Nicole and Evelina are determined to build a sustainable community with inclusivity and African luxury fashion at its core.

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Elsewhere,

Tapestry group buys Capri brands in a bid for luxury dominance, fashion revises its approach to returns and repairs, Walmart partners with fashion-tech start up to turn captured carbon into textiles and FSW offers content strategy insight for fashion’s foray into gaming.

Parent of Coach will buy Versace owner Capri in $8.5 billion deal

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings.

After reconsidering free returns, fashion brands get creative

Brands are finding new, more nuanced ways to make returns a competitive advantage.

Walmart Partners With Fashion Tech Start-Up to Pilot Carbon-Captured Textiles

The retail giant is partnering with Rubi Laboratories to experiment with turning carbon emissions into textiles.

Is the World Ready for Another Goop?

Sporty & Rich, a popular line of merch that promotes healthy, luxurious living, is opening its first store-spa-cafe. Next stop: colonic clubs?

As Regulations Loom & Price Tags Rise, Brands Lean into Repairs

Luxury goods brands – and even a growing number of fast fashion companies – are adding repairs to the offerings under their umbrellas.

Fashion and Gaming are a Match made in Hyrule

Why fashion and gaming collabs are taking off and why content strategy is key to making them soar

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