Browsing: businesses

Fashion businesses are no longer a worthwhile investment
By

The death knell for the fashion industry—heralded for years by analysts, pundits, and consumers alike—has finally arrived. Neiman Marcus, J. Crew, Centric Brands, and Brooks Brothers are only the beginning. PVH and Gap have both lost over $1 billion this year. LVMH and Kering recently reported revenue drops of 38% and 44%, respectively, last quarter. We are witnessing the final crumbling of a tightly knit industry built on exploiting creative labor, wholesale cronyism, producing vast amounts of undesirable goods and dumping said goods into landfills.

For those familiar with the razor-thin margins and glacial pace of change found in many fashion organizations, the monstrous deficits making headlines are no surprise. For those in prominent industry networks hotly debating a revised fashion calendar, Instagram runway shows, and vaguely more controlled markdowns, you are missing the point. 

Nearly every flaw in the fashion system can be traced back to

Read More
How Pietra Is Helping Black Businesses Break Into the Fashion Industry
By

Like the inseams of a dress that no one ever really sees, the fashion industry has a history of hidden issues, including a lack of inclusive sizing, ableism, or absence of diversity on the runways and in boardrooms. In the wake of mass protests to honor Black Lives Matter, and with COVID-19 impacting Black entrepreneurs at a disproportionate rate, the fashion industry has had to flip their dress inside out and face these issues head-on.

Leaders and entrepreneurs like Aurora James, founder of Brother Vellies, have called for companies to pledge to source at least 15% of products from Black-owned brands. But before we can even support our favorite Black-owned fashion and beauty brands, we must address inequities Black entrepreneurs face when starting and scaling any business.

Globally, 80% of all venture capital firms don’t have a single Black investor, and just 1% of venture-funded startup

Read More
8 queer-led fashion businesses to support now and always
By

Pride Month has come to an end, but your support for LGBTQ communities doesn’t have to wait until next summer.

There are more than 28 million small businesses in the United States, but only 909 of them have been officially certified as LGBT Business Enterprises, according to the most recent report by the National LGBT Chamber of Commerce. Even if you’re not ready to go out shopping in your own community due to the coronavirus pandemic, you can still support plenty of queer-led businesses from the comfort of your own home.

Here are eight queer-led fashion brands you can support all year long.

Official Rebrand

MI Leggett is the brains behind the label Official Rebrand. Leggett, a nonbinary artist based in New York, reinvents discarded or donated clothing with a myriad of altercations, paintings, prints and drawings. They became interested in the intersection between fashion and sustainability after working

Read More