Archive

Archive for September, 2016

VAMP Footwear’s weekly news

September 22, 2016 Leave a comment

 

 

Wolverine Debuts 1000 Mile x Saucony Originals Collab

Music and the scent of hoppy beer filled the air at the Wolverine company store Thursday night.

6 Instagram Accounts to Follow for Fancy Feet

What better place to find our new favorite shoes than through Instagram?

Ugg x Preen Debuts Unexpected LookUgg made a surprise appearance at London Fashion Week.
Should I Crowdfund My Footwear Dreams? Kickstarter Brands Tell AllCrowdfunding has fast become a legitimate way to start a new business or bolster a growing one.
Klik Wants to Connect Fashion With Comfort Once and for AllEverything just clicked into place for Klik founders Nancy Olicker and Amy Sprung.
Crocs Teams With Christopher Kane for London Fashion WeekThe oft-mocked Crocs are now having a fashion moment.
UBM Updates New York Show StrategyAfter announcing plans to recreate FN Platform in New York City in 2017, UBM said Sole Commerce will remain its sole East Coast shoe show.
J.J. Gray Debuts Unisex Line at New York Fashion WeekJ.J. Gray made its fashion week debut in New York Thursday.
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Nike Reveals Launch Date for Self Lacing Sneakers

September 22, 2016 Leave a comment

 

 

Nike Reveals Launch Date for Self Lacing Sneakers

9/21/2016

After announcing the new sneaker last March, Nike has just confirmed the release date for the HyperAdapt 1.0 for Nov. 28.

Like the fictional “Nike Mag” imagined in the film Back to The Future 2, The HyperAdapt 1.0 is a high tech sneaker that laces itself once it detects the wearer has put it on. This new wearable technology, which Nike is calling “adaptive lacing,” works by a sensor in the heel of the HyperAdapt that activates under pressure and tightens the laces of the sneaker without any assistance. The HyperAdapt’s fit can be adjusted by the wearer with two buttons on the side of the shoe that tighten or loosen the laces.

The Nike HyperAdapt 1.0 will be the first commercially available self-lacing sneaker and appointments to test and purchase the sneaker will be open starting Nov. 28, according to Sole Collector.

Nike has yet to specify how consumers will be able to schedule these appointments or what the retail cost of the HyperAdapts will be.

Nike also said in an extensive cover article for Wired that they are working to further improve and modify their adaptive lacing system for upcoming models. More information regarding the HyperAdapt’s pricing and appointments is likely to come in the following weeks. Stay tuned.

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Carmen Busquets, Fashion E-Commerce’s Fairy Godmother

September 20, 2016 Leave a comment
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News from The Guardian

September 20, 2016 Leave a comment

 

 

View Guardian US Briefing online

FBI launches investigation on New York bomber

Trump uses bombing as talking point; UN suspends Syria aid after airstrike; Bush ‘voting for Hillary’; wage gap between white and black Americans increases
Ahmad Khan Rahami is taken into custody after a shootout with police on Monday in Linden, New Jersey.
Ahmad Khan Rahami is taken into custody after a shootout with police on Monday in Linden, New Jersey. Photograph: Ed Murray/AP


New York bombing: no indication of wider cell

Ahmad Khan Rahami, the 28-year-old naturalized US citizen who was arrestedafter a brief shootout on the streets of New Jersey has so far been uncooperative with investigators looking into evidence of a wider conspiracy. FBI agent Bill Sweeney said the agency had “no indication that there’s a cell operating in the area or in the city”, although the investigation in New York and New Jersey was “ongoing”. Rahami is a suspect in the weekend bombing in Manhattan and has so far been charged with five counts of attempted murder of a police officer. Customers at the Rahami family’s First American Fried Chicken store in Elizabeth, New Jersey, express their shock at the idea he was involved in the bombings.

Ahmad Khan Rahami: New York bombings suspect arrested after shootout

Trump calls Rahami’s punishment ‘not what it once would have been’

Looking to promote himself as tough on immigration, terrorism and crime, Donald Trump suggested Rahami should be treated as an enemy combatant, saying the US should use “whatever lawful methods are available” to obtain information from him and Congress “should pass measures to ensure that foreign enemy combatants are treated as such. These are enemies.” Trump concluded by noting Rahami’s possible punishment “will not be what it once would have been. What a sad situation.” Democratic nominee Hillary Clinton said Trump’s rhetoric about terrorist attacks “gives Isis what it wants”.

Trump laments that New York bombing suspect will get ‘amazing’ treatment

UN suspends all aid convoy movements in Syria after airstrike

The United Nations suspended all Syrian aid convoys after a UN convoy delivering food relief to a rebel-held area near Aleppo was targeted in an airstrike, as a week-old ceasefire brokered by Russia and the US collapsed with a new surge of Syrian government bombing. The US blamed Russia for the attack, whether or not Russian planes were involved, arguing Moscow was responsible under the ceasefire agreement for reining in Bashar al-Assad’s government forces. The attack, which killed 12, destroyed 18 trucks laden with food destined for an area west of Aleppo. “Let me be clear: if this callous attack is found to be a deliberate targeting of humanitarians, it would amount to a war crime,” warned Stephen O’Brien, the UN’s emergency relief coordinator.

US blames Russia after UN aid convoy in Syria is targeted by air attack

George HW Bush ‘voting for Hillary’

George HW Bush is reportedly voting for Hillary Clinton in November, according to a Facebook post from John F Kennedy’s niece. The post by Kathleen Kennedy Townsend – the former lieutenant governor of Maryland and daughter of Robert F Kennedy – shows her posing with the former US president with the caption “The President told me he is voting for Hillary!!” A Bush family spokesman said only that the former president will vote “as a private citizen in some 50 days. He is not commenting on the presidential race in the interim.”

George H W Bush ‘voting for Hillary’, claims member of Kennedy family

Wage gap worse than 1979

Black Americans today earn even less relative to their white counterparts than they did in 1979, according to a new report by the Economic Policy Institute (EPI). Black men’s average hourly wages went from being 22.2% lower than those of white men in 1979, to being 31% lower by 2015. For women, the wage gap increased from 6% in 1979, to 19% in 2015. Valerie Wilson, one of the report’s authors, said the disparity exists despite the fact people in this country “think or at least believe that [racism is] getting better”.

Wage gap between white and black Americans is worse today than in 1979

Dr Dre back in court over headphones

Dr Dre faces the prospect of a grueling lawsuit after a California appeals court allowed a former hedge fund manager to go ahead with his case against Beats Electronics over royalties for Beats headphones. Steven Lamar first brought his case two years ago, arguing that he was “the founder of Beats headphones”, and is demanding a cut of royalties on future sales of headphones derived from the original design, instead of just the 4% he gets on past models. Beats is currently owned by Apple, which in other news has applied for a patent for a new,improved paper bag.

Dr Dre faces return to court in Beats headphones case

Man v rat

According to Bobby Corrigan, the world’s leading expert on rodent control, many of the world’s great cities remain totally overcome by rats. “In New York, we’re losing that war in a big way,” he says. Combat metaphors have become a central feature of rat conversation among pest control professionals. In Robert Sullivan’s 2014 book Rats, he described humanity’s relationship with the species as an “unending and brutish war”, a battle we seem always, always to lose. But why? Jordan Kisner attempts to answer that question in our Long Read.

Man v rat: could the long war soon be over?

In case you missed it …

It is estimated that robots will eliminate 6% of all US jobs by 2021. But what if robots eliminated work entirely, asks Ryan Avent: “Just as a lottery check does not free the winner from the shackles of the human condition, all-purpose machine intelligence will not magically allow us all to get along. And what is especially tricky about a world without work is that we must begin building the social institutions to survive it long before the technological obsolescence of human workers actually arrives.”

A world without work is coming – it could be utopia or it could be hell

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what we are seeing on catwalks.

September 20, 2016 Leave a comment

 

 

As the weather changes and a new season begins, we are extremely excited about what we are seeing on catwalks.

Our team is working round the clock to bring the very best analysis of the new-season shows to our customers. You can see what premium WGSN Fashion members access in our full Spring/Summer 2017 content calendar – or find out more about becoming a member right here.

In the meantime, be inspired with some of our top read reports from this past month.

Happy reading!

Carla Buzasi
Global Chief Content Officer, WGSN

Exclusive Reports

Catwalk Analytics Pre-Summer 17

See the year-on-year shifts in silhouette, details and materials using WGSN Instock – our retail analytics data tool.

Slanguage 2016

Your guide to the youth-inspired phrases, slogans and hashtags that are having viral impact across social media this year.

Denim Wash & Finish Trends Mid-Season S/S 17

Discover the denim trends that are making an impact mid-season including key graphics & details.

Eccentric Blends – Transitional Design Capsule Pre-Fall 17

See how the eccentric aesthetic that has been dominating the catwalks for S/S 16 and A/W 16/17 continues to evolve, embracing the most unexpected combinations.

Do you know about our consultancy service, WGSN Mindset?
Access some of the best minds in the industry to address your key business questions.
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WGSN is the world’s leading trend authority. Our services cover fashion and lifestyle forecasting, data analytics, crowd-sourced design validation and expert consulting. We help drive our customers to greater success. Together, we Create Tomorrow.

WGSN is part of WGSN Limited, comprising of market-leading products including WGSN Instock, WGSN Lifestyle & Interiors, WGSN Styletrial and WGSN Mindset our bespoke consultancy services.

WGSN Limited, Company number 4858491.
Registered address: Ascential, The Prow, 1 Wilder Walk, London W1B 5AP

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We make payments painless for apps

September 20, 2016 Leave a comment

Digitzs

Digitzs

We make payments painless for apps, marketplaces and platforms.

Santa Monica, California, US

technology, saas, business to business, e-payment, payment processing, merchant services, financial services, fintech, kevin harrington, tech startup, platform-based service, payment gateway service provider, online payment g, platforms, platform economy, platform payments, payment facilitator, payment agregator, payment gateway, iso, payment api

Digitzs

DIGITZS
We make payments painless for apps, marketplaces and platforms.
$7,193,504 of $7.5M
I’M INTERESTED

COMPANY OVERVIEW

We come from Visa, PayPal and Apple. We’re here to make payments painless for platforms that process ticket payments for sporting events, donation payments for non profits and rent payments for property managers.

According to Accenture, platforms are a top five 2016 trend, yet, facilitating payments on platforms is a pain. Outdated business practices and legacy systems block even the largest providers from playing in this space.

50 platform CEOs were interviewed to create the perfect global risk free solution. Our platform is in private beta with $1 billion in the pipeline. The barriers to what we’ve created are high. Nearly half of last year’s fintec acquisitions were payment technology start-ups. Our goal is to capture a modest portion of the trillion dollar platform space and sell by 2020 to a cash flush, yet legacy provider.

COMPANY SLIDESHARE

SEE KEVIN HARRINGTON TALK ABOUT DIGITZS

Kevin Harrington Invests in Digitzs

TRACTION

First female-founded company to reach #1 on The CNBC Crowdfinance 50 Index and #1 for the largest capital raise by a female-founded company

SEPTEMBER, 2016

$1 billion in processing commitments from eager platform CEOs

JULY, 2016

First live transaction in private beta

JUNE, 2016

Official Global Launch – April 19, 2016

APRIL, 2016

Able to process in 160 countries and local currencies

MARCH, 2016

Cemented a strategic deal with one of the largest processors in the world

NOVEMBER, 2015

Raised $2.5 MM via Crowdfunder

SEPTEMBER, 2015

Kevin Harrington of ABC’s ‘Shark Tank’ invests in Digitzs and becomes an advocate for investors and merchants

JUNE, 2015

Top notch management team includes Head of Payments at Visa, Apple and PayPal

MAY, 2015

TESTIMONIALS

Digitzs has the team, the traction and the technology to be the next big disruptor in the trillion dollar payments space. I’m thrilled to have an early stake in this promising company.
Kevin HarringtonOriginal Shark on ABC’s Shark Tank, Investor
Kevin Harrington
In order to facilitate payments on our platform, we had to integrate into virtually every gateway around. Needless to say, payments are a painful yet necessary evil. I am so impressed with how Digitzs is solving all our problems in a single API that I am investing in this round.
Mark Miller, CEO, Ticket SocketTicketing platform for marathon race promoter
Mark Miller, CEO, Ticket Socket
We did deep dives into nearly every modern payment solution, but never found a great fit for our credit and debit card needs until Digitzs. Digitzs nailed our three major pain points in a single minimal API that works worldwide. We look forward to a long and (finally mutually) beneficial relationship with a payment partner.
Deanna Bennett, CEO, Rent MonitorRent payment platform for property managers
Deanna Bennett, CEO, Rent Monitor
AFTER building a white label room reservation platform we discovered the barriers on the payment side. I would encourage everyone in our space to do your research on this pain point first! With Digitzs, we can effortlessly add our fee to each transaction and get paid next day. Digitzs rocks.
Kent Comfort, President, InntenderReservation platform for boutique hotels
Kent Comfort, President, Inntender
Unlike most white label platform founders, I actually come from 20 years in payments. When Laura first told me of her solution, my first reaction was “this is too good to be true.” I soon discovered the API was a breeze and provides for every function “as advertised.”
Steve Roderick, CEO, GotobillingInvoicing platform for large CPA and legal fi
Steve Roderick, CEO, Gotobilling
Now that one of the largest banks in North America is considering an equity stake in Digitzs, this feels like a similar path to what I experienced at PayPal nearly two decades ago.
David Jaques1st CFO @ PayPal, Chairman, Co-Founder
David Jaques
Laura is a proven entrepreneur with deep domain expertise. I am excited to be an early investor in Digitzs.
Barbara LazaroffCo-Founder Wolf Gang Puck Brands, Investor
Barbara Lazaroff
Digitzs has a dual threat offering for the massive and emerging platform economy that’s defensible from an intellectual standpoint.
Edward KatzinWorldwide Payments @ Apple & Visa, Co-Founder
Edward Katzin
I was head of acquiring at Visa for 17 years. I am familiar with virtually every payment processor in the US both large and small. Digitzs has the most disruptive platform and business model I’ve ever seen.
Linda PerryMost Influential Woman in Payments, Co-Founde
Linda Perry
Platforms that process payments, like tickets, donations and rent, are fast becoming the new normal. Much of the payments space has not received this memo. Digitzs has created a disruptive payments API for the platform space that rocks.
Mark C. ThompsonCoach to Richard Branson & Steve Jobs, Invest
Mark C. Thompson
For more than 25 years, I have witnessed Laura’s remarkable success in business first hand. I consider my provision of Digitzs’ seed capital as one of the smartest investments I’ve made to date. Laura is the most driven entrepreneur I’ve ever known AND she is a finisher. If you are considering an investment in Digitzs, feel free to reach out to me for a character reference on Laura Wagner.
Angela MartinSeed Investor @Digitzs
Angela Martin

LEADERSHIP

Laura Wagner

Laura Wagner

CEO, Founder, Proven Niche Payments Entrepreneur

Laura is a high energy strategic visionary known for profitable niche solutions in the payments space. She is a serial entrepreneur passionate about the personal development of her team and the delivery of massive value to her customers and investors.
David Jaques

David Jaques

Chairman of the Board, Co-Founder, 1st CFO @ PayPal

As the first CFO of PayPal, treasurer at Silicon Valley Bank and Director at Blue Run Ventures, David is recognized by the global fintech community as a pioneer
Stacey Moore

Stacey Moore

Founding Partner, Unicorn, Platform Architect

Stacey Moore is a polymath who has won awards as a technologist, designer, business leader, and artist. Grounded in deep multi-disciplinary expertise, Moore builds innovative technologies and brands by simultaneously working from the perspectives of CTO, CMO, creative director, and entrepreneur. She has helped both start-ups and market leaders generate hundreds of millions of dollars in revenue and value.
Ben Way

Ben Way

CIO, Co-Founder, AI Marketing Expert, 100+ Exits

Ben Way is a best selling author, leading futurologist, technologist, inventor, and entrepreneur. With over twenty years of experience in technology and innovation, Ben has travelled the world seeking out and developing new technologies. As a leading voice on the challenges and benefits of tomorrows technology, he has advised some of the worlds leading institutions, including the White House, regarding technological preparations for the future. He is the recipient of the millennium entrepreneur of the year award and has appeared on numerous technology and philanthropy television programs. Now based in San Francisco he helps take early and mid stage companies into the US market. Due to overwhelming demand if you would like to speak to me directly about your business or investment opportunity please use Clarity https://clarity.fm/bway
Linda Perry

Linda Perry

17 years @ Visa, Most Influential Woman in Payments

Linda was the head of Acquiring at Visa for 17 years & was named The Most Influential Women in Payments (3 years in a row) by PaymentSource.
Kevin Harrington

Kevin Harrington

Original Shark on ABC ‘Shark Tank’ & Investor

Kevin is Chairman of As Seen On TV. He is an original ABC Shark Tank investor and widely known as the principal architect of the infomercial industry.
Edward Katzin

Edward Katzin

Head of Payments at Apple, filed 38 patents @ Visa

Former Head of Global Products for Visa, filed 38 patents. Former CIO of Revolution Money (sold to American Express).
Kai Blache

Kai Blache

Kai Blache, VP of Investor Relations, Co-Founder

Prior to becoming a seasoned New York VC, Kai served as a VP at JP Morgan, DNB and Parabus Bank. He takes an active role is his portfolio investments of head of investor relations and finance.

TOP INVESTORS

Team Member Name

Kevin Harrington

As Seen On TV Pioneer and Original Shark on Shark Tank

Kevin is Chairman of As Seen On TV. He is an original ABC Shark Tank investor and widely known as the principal architect of the infomercial industry.
Team Member Name

Mark Thompson

Bestselling author, coach, VC

Team Member Name

Angela Martin

Seed Investor @Digitzs

Angela provided Digitzs’ seed capital. She is a writer and philanthropist who resides in San Antonio, TX and SanteFe, NM.
Team Member Name

Barbara Lazaroff

A highly regarded restaurateur and member of the American Society of Interior Designers (A.S.I.D.).

SEE ALL

TEAM

Team Member Name

Maria Botta

CMO

Team Member Name

Libah Grossman

Client Elation Manager

Team Member Name

Jewel Green

Partner Success Manager

Team Member Name

Derick Manlapeg

Creative Director, Co-Founder

Team Member Name

Bekah Rife

Zen Facilitator

BOARD OF DIRECTORS / ADVISORS

Team Member Name

Crowdfunder –

Crowdfunder.com

Team Member Name

Joe Daniels

Advisor

You Might Be Interested In

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just style news

September 6, 2016 Leave a comment
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Saks to open first shoe store

September 6, 2016 Leave a comment

 

 

 

Saks to open first shoe store

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JustStyleWeekly Newsletter

September 5, 2016 Leave a comment

 

 

Issue 842 September 5, 2016
Editor's weekly highlights

Editorial

Leonie BarrieThe ongoing challenge of tackling transparency and traceability across global supply chains cropped up again last week, with the launch of a new initiative to try to eliminate forced labour from cotton and yarn production.

‘YESS: Yarn Ethically & Sustainably Sourced’ verifies that yarn spinners are only using cotton produced with ethical practices, and is being endorsed by apparel brands and retailers including Adidas, BJ’s Wholesale Club, Woolworths Holdings and Hudson Bay Company.

New tool tackles transparency in cotton supply chains

A separate viewpoint suggests that with traceability playing a key role in addressing the rising importance of social compliance, now is the time for companies to review their traceability strategies and confirm they’re armed with comprehensive product information across the supply network.

Why traceability plays a key role in social compliance

Even though US Secretary of State John Kerry has urged Bangladesh to tackle ongoing security issues, apparel industry executives have told just-style it remains business usual in the country, despite recent terrorist attacks and wider fears of a long-term impact on the sector.

Bangladesh insists “business as usual” despite safety fears

US urges Bangladesh to tackle security issues

Retailers are also bracing for massive disruption as they head into their busiest season after South Korea’s Hanjin Shipping Co – the world’s seventh-largest container shipper – filed for bankruptcy protection last week.

Retailers face shipping chaos following Hanjin bankruptcy

And faced with excess polyester capacity in China, global fibres trade is set to be reshaped over the next few years. We look at the likely impact on investment decisions and polyester strategy for both buyers and producers worldwide.

How overcapacity in China could reshape fibre markets

Following in the footsteps of neighbouring Honduras, El Salvador’s textiles and apparel industry will also set out a 15-year growth strategy later this year in a bid to lift its fortunes. Plans include developing new high-performance sportswear niches to win new full-package customers.

El Salvador to launch 15-year apparel growth strategy

Peru’s struggling textiles and apparel industry could lose thousands of jobs if the government fails to stem a flood of sub- or undervalued Asian imports, an industry association says.

Peru apparel jobs at risk from rise in undervalued imports

And Jordanian clothing exporters are unhappy the EU has insisted they employ Syrian refugees in order to benefit from special market access.

Jordan exporters unhappy at EU refugee-linked deal

However, the first comprehensive survey of Myanmar’s labour force – including child labour – has been welcomed as a tool to help inform policy and planning strategies.

Myanmar publishes first survey of labour force

Apparel giant PVH Corp is rolling out what it says is a more comprehensive corporate responsibility strategy to address social and environmental issues by placing more emphasis on improving worker and manufacturing standards.

PVH ramps up corporate responsibility commitments

And the non-profit H&M Foundation is looking for the next tranche of sustainable innovations to reinvent the fashion industry as part of its second EUR1m (US$1.1m) Global Change Award.

H&M Foundation seeks new sustainable ideas for $1m grant

However, while more favourable hot and dry weather and an uptick in consumer confidence resulted in a bounce-back in overall US same-store sales in August, apparel retailers saw their monthly sales dented by an increase in spending on technology and travel.

US apparel retailers’ August 2016 sales roundup

One way to overcome stalling clothing sales is to ensure product buying cycles are more flexible, frequent and responsive to consumer needs, and that merchandising is less vulnerable to the vagaries of the weather.

Retail buying habits out of sync with consumers

Meanwhile, in other news Gerber Technology has been sold to private equity firm American Industrial Partners (AIP); Gap Inc is assessing the damage after a massive blaze at its Fishkill distribution centre; and working hours and wages are the biggest compliance challenges facing footwear factories in China and Vietnam.

Gerber Technology sold to private equity firm AIP

Fire sweeps through Gap distribution centre

Working hours and wages challenge footwear factories

Until next time…

Leonie Barrie
Managing Editor
Web: http://www.just-style.com
Email: editor@just-style.com
Twitter: http://twitter.com/juststyle

 

Hot issue
Why traceability plays a key role in social compliance

With traceability playing a key role in addressing the rising importance of social compliance, it might be time to review your traceability strategies and confirm you’re armed with comprehensive product information across your supply network, says Thomas Ng, managing director, supply chain solutions, Amber Road.

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Co-Founders of The Refined Woman

September 4, 2016 Leave a comment

 

 




         
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News Cred’s Monthly Recap – August 2016

September 4, 2016 Leave a comment

 

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Measuring video ad effectiveness across platforms

September 4, 2016 Leave a comment

 

 

Measuring video ad effectiveness across platforms | Why lead generation matters to B2B marketers | More marketers use proximity tech, beacons, to get closer to the action
September 4, 2016
Week’s Top Articles
 

Measuring Video Ad Effectiveness Across Platforms
Why Lead Generation Matters to B2B Marketers
More Marketers Use Proximity Tech, Beacons, to Get Closer to the Action
WhatsApp Wants to Help Businesses Reach Its Users
Promotions Influence Millennials’ Purchase Decisions
Interview of the Week

Smartphones Are Especially Essential for Millennial Mothers

Edison Research has focused on understanding millennial moms in its “Infinite Dial 2016” and “The Research Moms 2015” studies. eMarketer spoke to Megan Lazovick, director of research at Edison, about some common characteristics of millennial moms and how they are using digital, mobile and social media. Read Interview
An interview with:
Megan Lazovick
Director, Research
Edison Research
Chart of the Week


chart-image

Register: Online Holiday Shopping Forecast and Trends 2016How long will the ecommerce holiday shopping season be this year? What role will mobile, augmented reality and conversational commerce play? Get answers to these questions and more in eMarketer’s annual Online Holiday Shopping Forecast and Trends webinar.

Reserve my seat.

More eMarketer Articles

Magazines Rely on Editorial Team for Native Ad Production
Innovation Push Will Influence Marketers’ Staffing Decisions
Are Companies Far Along in Their Predictive Analytics Implementation?
The Ad Industry’s Focus on Fraud Has Intensified
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Levi Strauss & Co. Names Ten Entrepreneurs to Global Fellowship Program

September 2, 2016 Leave a comment

 

 

Business Wire

Levi Strauss & Co. Names Ten Entrepreneurs to Global Fellowship Program

Fellows represent next generation of sustainable apparel leaders focused on reducing water impact

Courtesy of LS&Co.

Courtesy of LS&Co.

July 28, 2016 09:00 AM Eastern Daylight Time

SAN FRANCISCO–(BUSINESS WIRE)–Levi Strauss & Co. (LS&Co.), the global leader in jeanswear, today announced ten socially and environmentally conscious entrepreneurs who were chosen to participate in the LS&Co. Collaboratory, an annual fellowship program aimed at creating a more sustainable apparel industry. More than 100 individuals from ten countries around the world applied for the program, representing a wide range of apparel businesses and ideas.

Introducing the LS&Co. Collaboratory 2016 fellows!

Tweet this

LS&Co.’s first group of Collaboratory fellows will participate in an exclusive workshop, designed in partnership with the Aspen Institute, where they will create solutions to reduce their water impact in order to advance sustainability in the apparel industry. Held this fall at LS&Co.’s Eureka Innovation Lab, fellows will work alongside LS&Co. leaders as well as experts in the field to accelerate their water sustainability ideas.

“We’re impressed by the caliber of applications we received from around the world and inspired by the bold thinking and shared commitment to creating a more sustainable apparel industry,” said Chip Bergh, President and CEO of LS&Co. “Our goal with the Collaboratory is to fuel the next generation of apparel makers and accelerate sustainability innovation, and we’re excited about what this group of fellows will accomplish.”

In addition to the Collaboratory workshop, fellows may receive up to $50,000 in funding to implement their water sustainability solutions.

Follow the LS&Co. company blog, Unzipped, for more stories about the LS&Co. fellows.

The 2016 LS&Co. Collaboratory Fellows

Miriam Dym
Founder of Dym | california textiles, a workshop focused on producing local, “slow” textiles.

Mo Elliott
Founder and CEO of Fayettechill Clothing Company, which creates inspired apparel for outdoor enthusiasts.

Jesus Ciriza Larraona
Founder and executive director of the Colours of Nature, a natural dye company specializing in indigo.

Kevin McCracken
Co-founder of Social Imprints, a full-service merchandising company that employs at-risk populations.

John Moore
Co-founder and creative director of Outerknown, a sustainable menswear brand that blends function and style starting at the supply chain.

Pauline Munga
Founder and creative director of Home Abroad, a startup featuring ethically made fashion that incorporates African textiles.

Wesley Owiti
CEO and co-founder of Cherehani Africa, a social enterprise focused on women’s empowerment and financial inclusion through sustainable fashion.

Kavita Parmar
Founder and creative director of the IOU Project, an experiment to rethink how goods are produced and sold in a way that empowers artisans and protects the environment.

Benita Singh
Co-founder and CEO of Le Souk, the first online global textiles marketplace.

Rebecca van Bergen
Founder and executive director of Nest, a nonprofit committed to the social and economic advancement of the fashion and home industry’s informal workforce.

About Levi Strauss & Co.

Levi Strauss & Co. is one of the world’s largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 2,800 retail stores and shop-in-shops. Levi Strauss & Co.’s reported fiscal 2015 net revenues were $4.5 billion. For more information, go to http://levistrauss.com.

Contacts

Levi Strauss & Co.
Andrea Hicklin, 415-501-7777
newsmediarequests@levi.com

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Hanjin Bankruptcy Causes Global Shipping Chaos

September 2, 2016 Leave a comment

 

 

The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves.

Sept. 2, 2016, at 4:40 a.m.

Hanjin Bankruptcy Causes Global Shipping Chaos
South Korea's Hanjin Shipping Co. containers are seen in the Port of Long Beach, Calif., on Thursday, Sep 1, 2016. The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard containers because there were no guarantees that tugboat pilots or stevedores would be paid.

South Korea’s Hanjin Shipping Co. containers are seen in the Port of Long Beach, Calif., on Thursday.DAMIAN DOVARGANES/AP

By ROBERT JABLON, Associated Press

LOS ANGELES (AP) — The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves.

The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard containers because there were no guarantees that tugboat pilots or stevedores would be paid.

“Hanjin called us and said: ‘We’re going bankrupt and we can’t pay any bills — so don’t bother asking,’ ” said J. Kip Louttit, executive director of the Marine Exchange of Southern California, which provides traffic control for the ports of Los Angeles and Long Beach, the nation’s busiest port complex.

Three Hanjin container ships, ranging from about 700 feet to 1,100 feet (213 meters to 304 meters) long, were either drifting offshore or anchored away from terminals on Thursday. A fourth vessel that was supposed to leave Long Beach on Thursday morning remained anchored inside the breakwater.

The Seoul-based company said Friday that one ship in Singapore had been seized by the ship’s owner. Hanjin Shipping spokesman Park Min did not confirm any other seizures.

As of Friday, 27 ships had been refused entry to ports or terminals, she said.

That left cargo headed to and from Asia in limbo, much to the distress of merchants looking to stock shelves with fall fashions or Christmas toys. “Someone from the garment industry called earlier today asking: ‘How long is this going to go on, because I’ve got clothing out there,'” Louttit said.

The Korea International Trade Association said about 10 Hanjin vessels in China were seized or likely to be seized by charterers, port authorities or other parties.

Kim Byung-hoon, a director at the KITA, said the association had confirmed that about 10 Hanjin vessels also had been turned away from Chinese ports or were waiting offshore.

South Korea’s maritime ministry said in a statement that Hanjin’s troubles would affect cargo exports for two to three months, given that August-October is a high-demand season for deep-sea routes. It said 540,000 TEU of cargo already loaded on Hanjin vessels would face delays.

Hanjin, the world’s seventh-largest container shipper, represents nearly 8 percent of the trans-Pacific trade volume for the U.S. market.

The National Retail Federation, the world’s largest retail trade association, wrote to U.S. Secretary of Commerce Penny Pritzker and Federal Maritime Commission Chairman Mario Cordero on Thursday, urging them to work with the South Korean government, ports and others to prevent disruptions.

The bankruptcy is having “a ripple effect throughout the global supply chain” that could cause significant harm to both consumers and the U.S. economy, the association wrote.

“Retailers’ main concern is that there (are) millions of dollars’ worth of merchandise that needs to be on store shelves that could be impacted by this,” said Jonathan Gold, the group’s vice president for supply chain and customs policy. “Some of it is sitting in Asia waiting to be loaded on ships, some is already aboard ships out on the ocean and some is sitting on U.S. docks waiting to be picked up. It is understandable that port terminal operators, railroads, trucking companies and others don’t want to do work for Hanjin if they are concerned they won’t get paid.”

The confusion might sink some trucking firms that contract with Hanjin to deliver cargo containers carrying everything from electronics to car parts from ports to company loading bays.

“They’ve got bills to pay — they could literally close their doors over this,” said Peter Schneider, Fresno-based vice president of T.G.S. Transportation Inc.

Hanjin has been losing money for years. It filed for bankruptcy protection a day after its creditors, led by a state-run bank, refused to prop it up.

Other shipping lines may take on some of Hanjin’s traffic but at a price. Since vessels already are operating at high capacity, shippers may wind up paying a premium to squeeze their cargo containers on board, said Jock O’Connell, international trade adviser to Los Angeles-based Beacon Economics.

The price of shipping a 40-foot container from China to the U.S. jumped up to 50 percent in a single day, said Nerijus Poskus, director of pricing and procurement for Flexport, a licensed freight forwarder and customs broker based in San Francisco.

The price from China to West Coast ports rose from $1,100 per container to as much as $1,700 on Thursday, while the cost from China to the East Coast jumped from $1,700 to $2,400, he said.

Hanjin’s bankruptcy was a major factor, he said, although rates also were affected by the upcoming Chinese National day holiday, which will close factories, and by shipping lines sidelining vessels to reduce overcapacity.

Global demand and trade have suffered since the 2008 recession, while steamship lines continued to build more and larger vessels — immense ships that were conceived as cost-effective when freight costs were higher several years ago.

But weaker trade and overcapacity have sent ocean shipping rates plunging in recent years. A few months ago, Poskus said, prices hit historic lows globally — down to as much as $600 per container from Shanghai to Los Angeles.

That wouldn’t even cover fuel costs for the huge ships, he said.

Poskus expects the current spike in prices to last only a month or two. With about 5 percent of ships in the global trading fleet sitting idle, there is plenty of room to take over Hanjin’s capacity and carriers already are discussing the possibility of adding ships, he said.

However, prices will have to rise somewhat in order to be sustainable, he said — perhaps to about $1,000 per container.

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AP Business Writer Youkyung Lee in Seoul contributed to this report.

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