Earth Day is upon us and many brands continuously dedicate themselves to be mindful of the planet. WWD has rounded up 20 that commit to achieving innovation sustainably. By reducing waste and sourcing reusable and timeless fabrics, these are among the labels to shop on this 50th anniversary of Earth Day.
Month: April 2020
The Neiman Marcus Group is just one of many major retailers being severely impacted by the coronavirus pandemic, with sources indicating the 113-year-old retailer is on its way to filing for bankruptcy.
Prior to the outbreak, there was speculation that the company, which is behind Neiman Marcus, Bergdorf Goodman, Mytheresa, Horchow and Last Call, was the next retailer to file for bankruptcy because of its $4 billion in long-term debt. The COVID-19 pandemic has created an additional struggle for the retailer, as its stores have been closed for more than a month.
While Neiman Marcus has yet to file for Chapter 11 bankruptcy protection, if it does so it will follow several other fashion brands that have succumbed to the pressures of the pandemic in the last two months, including Los Angeles fashion label Bldwn, British retailer Debenhams, Elizabeth Arden Red Door spas and True Religion.
Here, WWD breaks down the specifics of Neiman Marcus’ potential bankruptcy, including the factors that are contributing to the filing and prospective buyers.
Has Neiman Marcus filed for bankruptcy?
The Neiman Marcus Group has not yet filed for bankruptcy.
Are the Neiman Marcus stores closing?
The Neiman Marcus Group has temporarily closed its 43 Neiman Marcus and two Bergdorf Goodman stores
Prior to the outbreak, there was speculation that the company, which is behind Neiman Marcus, Bergdorf Goodman, Mytheresa, Horchow and Last Call, was the next retailer to file for bankruptcy because of its $4 billion in long-term debt. The COVID-19 pandemic has created an additional struggle for the retailer, as its stores have been closed for more than a month.
While Neiman Marcus has yet to file for Chapter 11 bankruptcy protection, if it does so it will follow several other fashion brands that have succumbed to the pressures of the pandemic in the last two months, including Los Angeles fashion label Bldwn, British retailer Debenhams, Elizabeth Arden Red Door spas and True Religion.
Here, WWD breaks down the specifics of Neiman Marcus’ potential bankruptcy, including the factors that are contributing to the filing and prospective buyers.
Has Neiman Marcus filed for bankruptcy?
The Neiman Marcus Group has not yet filed for bankruptcy.
Are the Neiman Marcus stores closing?
The Neiman Marcus Group has temporarily closed its 43 Neiman Marcus and two Bergdorf Goodman stores
American Express has established “Stand for Small,” a coalition of more than 40 companies across media, technology, consumer goods and professional services, that seek to provide meaningful support to small businesses as they navigate the impacts of COVID-19.
The Stand for Small coalition will give millions of U.S. small businesses access to support through services, offers and tools and expertise, among other benefits. These resources are available to support small businesses as they work to reduce their operating expenses, manage their teams remotely, enhance their digital capabilities, and address other needs during this pandemic.
The coalition includes brands such as Amazon, American Express, AT&T, Inc., Avis Car Rental, Bain & Company, BJ’s Wholesale Club Holdings,Inc., Dell Technologies, eBay Inc., Facebook, FedEx Corp., Google, LinkedIn, Microsoft, Salesforce, Sam’s Club, Uber and Verizon Communications.
Facebook, for example, is offering cash grants and ad credits totaling $100 million across 30,000 merchants; Microsoft Office 365 Business Essentials is offering six months free for a 12-month commitment; AT&T and Verizon are waiving late fees/overage charges for a limited time, while UPS is offering a 15-minute free, virtual consultant with an expert to discuss immediate business and concerns.
The Stand for Small coalition will continue to onboard partners and add
The Stand for Small coalition will give millions of U.S. small businesses access to support through services, offers and tools and expertise, among other benefits. These resources are available to support small businesses as they work to reduce their operating expenses, manage their teams remotely, enhance their digital capabilities, and address other needs during this pandemic.
The coalition includes brands such as Amazon, American Express, AT&T, Inc., Avis Car Rental, Bain & Company, BJ’s Wholesale Club Holdings,Inc., Dell Technologies, eBay Inc., Facebook, FedEx Corp., Google, LinkedIn, Microsoft, Salesforce, Sam’s Club, Uber and Verizon Communications.
Facebook, for example, is offering cash grants and ad credits totaling $100 million across 30,000 merchants; Microsoft Office 365 Business Essentials is offering six months free for a 12-month commitment; AT&T and Verizon are waiving late fees/overage charges for a limited time, while UPS is offering a 15-minute free, virtual consultant with an expert to discuss immediate business and concerns.
The Stand for Small coalition will continue to onboard partners and add
Lululemon Athletica has issued an apology for the “Bat Fried Rice” T-shirt and is working to distance itself from former art director Trevor Fleming, who helped promote the shirt on social media.
The mess started over the weekend when Fleming shared a link advertising the shirt — which features a flying Chinese take out box with bat wings and the words “No Thank You” on the box and its sleeves, along with an image of chopsticks and bat wings — on his personal Instagram. The shirt, called “bat fried rice,” priced at $60, was created by California-based artist Jess Sluder.
But the shirt — and Fleming’s willingness to share details on where to buy it — quickly caused a stir on social media. The backlash included critics accusing Lululemon of racism and using hashtags like #BoycottLululemon and #LululemonInsultsChina on Instagram and the Chinese platform Weibo.
The mess started over the weekend when Fleming shared a link advertising the shirt — which features a flying Chinese take out box with bat wings and the words “No Thank You” on the box and its sleeves, along with an image of chopsticks and bat wings — on his personal Instagram. The shirt, called “bat fried rice,” priced at $60, was created by California-based artist Jess Sluder.
But the shirt — and Fleming’s willingness to share details on where to buy it — quickly caused a stir on social media. The backlash included critics accusing Lululemon of racism and using hashtags like #BoycottLululemon and #LululemonInsultsChina on Instagram and the Chinese platform Weibo.
Critics on social media slammed both Lululemon and artist Jess Sluder, who created the shirt and uses the Instagram handle @deadringer, of xenophobia.
WWD
The Canadian athletic-apparel retailer was quick to point out the T-shirt is not a Lululemon product and that Fleming was no longer a member of the Lululemon team. The retailer also immediately issued an apology.
“At Lululemon,
Two green thumbs up!
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