Can Bath & Body Work to Save L Brands ?, How Can Fashion Overcome Industry Discount Problems | Instant News

Plus, Burberry saw a sharp decline in profits.

Can the success of Bath & Body Works save L Brands?
L Brands‘Efforts to sell majority shares in the struggle Victoria’s secrets in the middle of a pandemic, just like other company assets, Bath & Body Work, seeing a surge in demand for its products, such as soap and hand sanitizers. The soap and wax chain has seen impressive growth and sales over the past decade, reportedly bringing in more than $ 5 billion in 2019. But complications – including a large dependency on brick-and-mortar retail, a rapidly growing model on impulsive purchases made in the shop, hygiene problems that have arisen around beauty testers during the pandemic and the continuing decline of shopping centers – leading leading experts to question whether Bath & Body Works might be able to overcome the current economic and health crisis. {Business Mode}

How the fashion industry can avoid the ‘discount trap’
As the fashion industry considers a way forward that includes an overhaul of the fashion calendar, many are calling for alternatives to the frequent and extreme price reductions that have become common retail practices, arguing they are not sustainable in the long run. Other solutions can include reallocating stocks that don’t sell to different areas or doing limited drops and selling samples online to avoid falling into the traditional “discount trap”. {Mode Business}

Burberry reported a large drop in sales and profits
That Covid-19 The crisis has impacted the fashion business quickly Burberry reported a 3.2% decrease in sales for the 2019-2020 fiscal year, as well as a 57% decline in operating profit. Per WWD, the company “refused to offer prospects for the current year, but said the first quarter would be strongly influenced by store closures.” {WWD}

Say goodbye to Elizabeth Suzann
Elizabeth Suzann, a specialized clothing company based in Nashville, announced its closure towards the end of April after seven years of business. Custom-made fashion labels have been regarded as leaders in the aesthetic of “slow mode”, relying on a neutral color palette, natural fibers, and comfortable, wavy cuts. A loyal fan of Elizabeth Suzann remembers and appreciates this brand The New York Times, reflecting his honest approach to social problems, a commitment to ethical production and transparency, a sense of togetherness and clothing that is easy to wear. {The New York Times}

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