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Buy Less, Buy Better

While we have been encouraged to stop overconsumption for many years now, this pandemic may have created the perfect opportunity for this shift in consumer behaviour to happen. What business tips arise from here? COVID-19 has been adding economic uncertainty to the picture. This added to the already existing sustainability concerns, take consumers apart from mass consumption. As a consequence, reduces mass production in fashion. Transparency, in turn, plays a central role in demonstrating the firm’s commitment to sustainable and social concerns. Be aware of money consciousness In the face of an uncertain economic prospect, people will shop sensitively and safely. Provide quality at price deals A quicker response to the current reality implies that brands and retailers should consider offering accessible price deals for quality products to address the demands of rational, price-conscious, consumers post-outbreak. Embrace the circular economy model Responding to ...
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Von wellx is moving its manufacturing from China to India.

The Germany-based manufacturer is moving its production from China to India. The project can create thousands of jobs in the Uttar Pradesh region Germany-based healthy footwear brand Von Wellx, owned by Casa Everz Gmbh, will be relocating its entire production from China to India, several Indian news platforms are reporting. According to the reports, Von Wellx will manufacture at Agra in Uttar Pradesh in partnership with Iatric Industries Pvt Ltd., which can generate roughly 10,000 direct and indirect jobs. “We are very happy to see that investment from Casa Everz Gmbh, which will be giving employment to so many people, is coming to India from China and especially to Uttar Pradesh”, commented Uttar Pradesh Micro, Small and Medium Enterprises’ Minister Uday Bahan Singh. Von Wellx makes orthopaedic footwear especially focused for swollen feet, knees and back pain, and correct posture. The brand is available in more than 80 countries, across more than 500 retail locations...
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Kering with double-digit drop in revenue

Kering with double-digit drop in revenue The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering name this the toughest period they ever faced “It is fair to say that the first half of 2020 has been the toughest period we have faced - we stand in solidarity with all who are suffering through this situation and acknowledge the remarkable contribution of all our associates. Our results today underscore the extent of the disruption exacted by the pandemic on our operations. Even more importantly, the resilience of our performances validates our model and supports our confidence that we will come out of this crisis even stronger. We entered 2020 in a particularly solid position - our global scale, the desirability and agility of our brands, and our values of sustainability and responsibility, all are key assets in weathering current conditions. Our strategic vision is only reinforced by the crisis and, with the be...
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