Last week's top fashion supply chain-related X posts ranged from new AR tech being unveiled by US retailer Walmart at the Consumer Electronics Show (CES) 2024 to drive fashion sales; Fashion for Good looking to scale innovation in fashion; an acquisition by Authentic Brands Group; and fresh investment from UK retailer Matalan.
Amsterdam-based innovation platform Fashion For Good announced the renewal of its strategy, focusing on facilitating the widespread adoption and scalability of "regenerative fashion innovations."
Join us on a guided tour of the Walmart booth at #CES2024! We're showcasing the latest in retail technology and covering innovations across the company - from the app and website to supply chain to delivery. Let's get started! pic.twitter.com/nzXha7q3wZ
— Walmart Inc. (@WalmartInc) January 11, 2024
New technology shared by Walmart Inc at CES in Las Vegas will enable consumers to share virtual outfits with friends. The new Shop with Friends tool enables consumers to share outfits they have created with their friends and get feedback on the styles they have created.
We’re pleased to welcome @Sperry to the Authentic family! Read more about our latest acquisition below.#AuthenticBrandsGroup #Sperryhttps://t.co/Ms53bGpkp5
— Authentic Brands Group (@AuthenticBrands) January 11, 2024
Fashion conglomerate Authentic Brands Group (Authentic) has acquired the intellectual property of US footwear company, Wolverine Worldwide’s brand, Sperry and signed a licensing agreement with retailer Aldo Group to serve as a North American operating partner. The sale is expected to generate total proceeds of approximately $130m in the first quarter, earmarked to fortify the company’s financial position through debt reduction.
📣 We’re kicking off the week with some very exciting news 📣 We’re giving back to you, our customers, by lowering prices on over 700 products across womens, mens, kids and home! 🙌 Keep an eye out for our New Lower Prices when shopping in store and online 👀 #LoveMatalan pic.twitter.com/nphIomww7i
— Matalan (@Matalan) January 8, 2024
British fashion and homeware retailer Matalan revealed a £35m ($44m) investment aimed at significantly reducing prices on more than 700 products by as much as 25% to ease high cost-of-living pressures on UK families.
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