France-based Chanel revealed its financial results for the first time on Thursday, showing an 11% jump in 2017 sales, fueled by robust growth in the Asia Pacific region. The luxury fashion brand, which isn't planning a public offering or sale, released the data to show its strength as a privately held company, CFO Philippe Blondiaux said.
To promote the launch of its Utopian Fantasy collection, Gucci worked with Spanish artist Ignasi Monreal to recreate famous Renaissance artwork featuring characters adorned in Gucci products. "These images were conceived to have a powerful first impact, but if you look closely and give it time you'll be rewarded with hidden gems," Monreal said.
Women have been part of shoplifting and organized retail crime at least since the development of the department store in the mid-1800s, but their participation is growing in the 21st century, suggests Chris McGourty, founder and executive director of the National Anti-Organized Retail Crime Association. Read about it in STORES.
Retailers have often considered returns to be an obstacle to profits, but customer-generated content can provide insight into how well current practices are received, writes Bazaarvoice executive Sophie Light-Wilkinson. Brands can use customer feedback from questionnaires to improve faulty products and manage customer expectations, she adds.
3D printing can reduce costs and inventory in aircraft maintenance, repair and overhaul by eliminating the need to scale up with spare parts production, says Edouard de Mahieu of Materialise.
This summer will see iQor hire 100 people at its Memphis, Tenn., location, where it recently installed a new call center. "Being that iQor-Memphis is an extremely diverse plant with our facility having over 22 different nationalities, the call center addition would be another 'layer' to what we promote" in terms of diversity, said plant manager Anthony Winters.
China's restrictions on imported waste will leave more than 122 million tons of plastic in need of a destination by 2030, according to a study.
The EU's Circular Economy Package, which sets new targets for recycling, will go into effect next month. The rules will require participating countries to reach 55% recycling rates by 2025 and 65% by 2035.