Archive for July, 2010

Saks Fifth Avenue to add plus-sized designer clothing

Friday, July 30th, 2010

Plus-sized designer fashion will finally make its retail debut thanks to an iconic New York department store.

While the fashion industry continues to debate the plus-sized issue, Saks Fifth Avenue has thankfully taken matters into its own hands with the announcement that its ultra-chic high-end floor will soon feature the larger sizes in what is seen as a major coup for shoppers, designers and the wider fashion sector.

The Autumn/ Winter collections for 2010 will be the first seasonal release to showcase garments that up until last season were only available in UK size 14 (US size 10), with the range expected to extend to UK size 18 (US size 14) and possibly higher in some styles. The legendary retail store is famed for its celebrated and featured designers the world over, with the upshot of the announcement being that leading fashion houses such as Akris, Armani, Chanel, Dolce & Gabbana, Carolina Herrera, Escada, Oscar de la Renta, Max Mara, Valentino, Michael Kors, Yves Saint Laurent, Donna Karan, St. John, Alexander McQueen, Fendi and Roberto Cavalli could all soon be sending out plus-sized versions of their famous lines.

However, the initial release of the larger sizes will probably have the drawback that most styles will be one-offs or trial releases to test the market, meaning only a select few will be able to get their hands on the designer plus-sized items in the early days. If the trial is a success, the Saks will roll out the range across the US, with its UK counterpart’s hopefully following suit.

Kodak loses focus as shares slide

Thursday, July 29th, 2010

Despite an improved second quarter performance, Eastman Kodak continues to struggle.

Wednesday saw the release of a narrower loss than in the first quarter of 2010, but the slight improvement was still short of analyst’s estimates.

The results mean that Kodak, one of the world leaders in printers and cameras, continues to struggle with its years-long battle to restructure since the advent of digital imaging.

Kodak’s share performance on the S&P 500 ranked as the largest decliner by percentage, falling by 15 per cent to just $4.18. The stock has been in continual sale from investors since it peaked at a 12-month high back in April of $9.08.

Erik Kolb, equity analyst with Standard & Poor’s, said that the stock market remained concerned that continued declines in the sales of film would continue to impact on Kodak’s cash flow, with the consumer products market likely to bear the brunt of the decline. Kolb noted that there had been a slight increase in recent times in the sales of inkjet printers, but otherwise the market was forecast to remain stagnant and unprofitable for the foreseeable future.

In keeping with recent trends, Kodak has made a larger push into the inkjet printer market, targeting both individual and business customers. According to Kodak, personal inkjet printer sales have grown by 50 per cent in the past year, while business sales have risen by 18 per cent.

However, this was overwhelmed by the operating loss for the second quarter of $167 million, down from $191 million, or roughly 71 cents per share, compared to the same time last year.

Minimum wage rise for Bangladeshi garment workers

Wednesday, July 28th, 2010

The long-disputed wage structure across garment factories in Bangladesh has at last received some positive news.

After months of protests, many of them ending in violence, the Bangladesh wage board has announced that the minimum wage for garment workers will be almost doubled.

Under the terms of the new arrangement, the average monthly wage will rise from 1,662 taka (£16) to be set at 3,000 taka (£16). A formal announcement of the wage increase will be made by the labour ministry tomorrow. Despite the increase, the wage limit falls short of the 5,000 taka called for by workers.

Leading UK retailers such as Tesco, Marks & Spencer, Zara, Carrefour and H&M all source their clothes from Bangladeshi factories, where the garment industry is the financial backbone of the country’s economy. The industry accounts for some 80 per cent of the nation’s exports and generates around USD$12 billion per year.

Earlier this year, many western fashion labels pressured the Bangladeshi government into reviewing the minimum wage structure after allegations that the country’s factories were using exploitative labour. As a result, the wage board convened an emergency committee made up of union leaders, garment manufacturers and government officials to address the crisis.

The conflict saw angry workers clash with local police in recent weeks and it is not yet clear if union leaders will agree to the new government offer, which, despite the increase, still leaves the garment industry in Bangladesh as one of the world’s lowest paying.

Alfred Wainwright becomes fashion icon

Tuesday, July 27th, 2010

Leading UK retailer Debenhams has revealed the most unlikely of fashion superstars.

Spearheading the new clothing line to hit the high streets is the famous British walker Alfred Wainwright.

Wainwright is more commonly known for his walking guides to the Lake District, along with a reputation for foul moods to suit the foul weather. He is renowned as a notoriously bad dresser, which in some part could explain the new wave of counter-chic. Over the past two years, his fame has increased markedly thanks to a host of radio and television programmes about his life.

The public exposure has cascaded down from the cliffs to the high street in that time, with demand for walking boots, rucksacks and all-weather, hiking-style clothing soaring, leading Debenhams Director for Menswear Buying, Paul Baldwin, to call the new trend ‘Wainwright Chic’. Baldwin claims that both women and men across Britain have taken to the rugged outdoors look, and that the hill climbing image usually reserved for the most extreme of weekends has now found a place in everyday wear. In the past, specialist clothes such as Wainwright’s defining look were the preserve of nature enthusiasts and train-spotters only, but Baldwin says they are now just as likely to appear on the streets of Chelsea and Kensignton as Scafell or Grisedale Pike.

The Wainwright look usually involves a woollen jumper, belted coat and aged flapped-ear cap. These are most often complemented by trousers that use braces rather than a belt for support and which are tucked in to thick woollen socks. The choice of footwear is traditionally unstylish but highly functional.

Plus sized school uniforms released by Marks and Spencer

Monday, July 26th, 2010

Overweight children are being tailored to, literally, by leading retailer Marks & Spencer.

Marks and Spencer has launched a new range of over-sized school uniforms for children that are aged as young as four. The decision comes after studies reveal that one out of every five British schoolchildren is clinically overweight when they begin their schooling.

In the new M&S Plus school wear range, items include clothing designed for pre-school children who have waistlines of anywhere up to 23 inches – which is the size more usually found on the average eight year old. Marks and Spencer has said that the trial range of clothing followed demand for bigger sizes from parents, while industry experts said that the decision simply reflected the growing rate of obesity among younger children.

According to the National Obesity Forum’s Tam Fry, the move was commercial recognition of what the public and parents had been aware of for years, namely, that obesity levels in pre-schoolers is on the rise. Fry added that of all new entrants to primary schools across Britain, 27 per cent were obese or overweight.

The Plus school wear collection hit the shelves last week, and targets the 3 – 16 age bracket, with waistlines in both boys pants and girls skirts ranging up to 41 inches. A spokesperson for M&S said that they wanted to ensure that their school wear range was accessible to all shapes and sizes of pupil.