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Nike, Lululemon soar as Trump touts productive call with Vietnam

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Bloomberg

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April 7, 2025

Shares in companies that have large manufacturing operations in Vietnam, including Nike Inc. and Lululemon Athletica Inc., soared Friday 

Nike

Nike shares erased an earlier loss to gain as much as 5.9%, while On Holding AG and Skechers USA Inc. also rose more than 6% each. Lululemon Athletica shares meanwhile jumped 3.9%. Wayfair Inc. was briefly halted for volatility after erasing a 19% decline to jump as much as 6.4%. 

Trump said on social media that he spoke to To Lam and Vietnam wants to “cut their tariffs down to zero.” The president unveiled a levy of 46% on goods imported from Vietnam, effective April 9. Apparel and shoemakers had shifted manufacturing to the southeast Asia country in recent years after Trump hit China will levies during his first term. 

About half of all Nike brand shoes and 39% of Adidas shoes are made in Vietnam, according to regulatory filings, with the country being the largest supplier of footwear for both companies. Nike has already said it expects its gross margin to decline sharply this quarter, in part due to US tariffs on products from China and Mexico. 

Nike shares are still down more than 20% on the year, while Lululemon is off more than 30%.

 



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Wanna expands bags try-on tech for better real-life effect

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Wanna has been gradually expanding its virtual try-on (VTO) tech and the latest upgrade is its shoulder try-on feature, a new addition to the Bags Virtual Try-On experience.

Wanna

The company, which was formerly owned by Farfetch but is now part of Perfect Corp, said the feature lets shoppers see how a bag looks when worn on the shoulder, complementing the existing crossbody try-on. 

It “allows customers to replicate the real in-store experience by trying on the bag in different ways, virtually style the bag with their outfits, assess its proportions, and make confident purchasing decisions anytime, anywhere”.

It’s undeniably interesting and shows that even an item that’s effectively carried, rather than being worn in the same way a garment is, can still benefit from VTO tech. Apart from a potential buyer not being able to tell how heavy it is or whether their essential items might fit in it, the VTO now gives them all the information they might need to make a decision about its visual impact.

Wanna said that developing a realistic and stable shoulder virtual try-on presented a unique technical challenge: ensuring the bag remains correctly positioned even as users turn sideways to check proportions and outfit matching in the mirror. It addressed this with a proprietary AI-powered engine built to perform in real-time.

It offers real-time pose estimation via “precise 3D body tracking with low latency is essential for natural bag placement”. The system uses “highly optimised neural architectures specifically designed for mobile devices, balancing speed, accuracy, and energy efficiency to deliver real-time 3D pose and joint estimation – at frame rates fast enough to keep up with user movement”.

The company added that one of the hardest challenges in AR is determining when a virtual object should be partially hidden behind real-world elements like arms or hands. Its AI “handles these scenarios with intelligent segmentation and depth-aware modelling, ensuring realistic layering and preventing unnatural overlaps”.

And it works in selfie mode, mirror view, and side perspectives, “maintaining correct positioning and scale across camera modes”.

Behind the tech is a proprietary dataset of 487,000 training images, including 169,000 manually labelled, 127,000 AI-synthesised, and 190,000 pseudo-labelled samples. The large-scale, diverse dataset — spanning different body types, lighting conditions, and angles — “was critical in training the system to deliver accurate and visually consistent results across product styles and real-world usage scenarios”.

Wanna also “fine-tuned the shoulder try-on experience based on extensive user research with luxury shoppers”.

The new VTO experience is optimised for digital marketing, with shareable links that can be embedded into newsletters, Instagram, WeChat, and TikTok campaigns, to drive interaction and product visibility. And it’s now available via SDK integration.

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Universo MOLA Fashion Week 2025 wraps fourth edition with regional impact and international reach

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Translated by

Nazia BIBI KEENOO

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April 22, 2025

From April 8 to 11, Bogotá welcomed the fourth edition of Universo Mola Fashion Week, positioning the event as Latin America’s only sustainable fashion week with growing international recognition. Held at EAN University and co-hosted by the Laverde Foundation, the event brought together designers, brands, institutions, and the public to discuss and implement sustainable solutions in the regional fashion sector.

Universo MOLA Fashion Week 2025 concludes its fourth edition with positive balance and continental projection – Cortesía

Spanning five days, Universo Mola Fashion Week 2025 featured 28 brands from Uruguay, Chile, Colombia, Brazil, Mexico, Peru, and Guatemala. It attracted more than 2,500 in-person attendees and reached an additional 148,000 viewers online.
 
The program included runway shows, forums, workshops, exhibitions, and a business opportunity roundtable that facilitated 123 meetings between 32 participants and 16 companies. The goal was to foster sustainable partnerships and boost commercial growth.

39 speakers contributed to an academic program focused on regeneration, circularity, and business models that create social and environmental impact.
 
A significant milestone from this year’s edition was the creation of the Latin American Sustainable Fashion Academic Network. The initiative was formalized during a meeting between universities and training institutions from Colombia, Mexico, Paraguay, and Italy. The goal is to strengthen academic collaboration and prepare the next generation of fashion professionals through a more holistic, sustainability-driven curriculum.
 
Throughout the event, both emerging and established brands received support through scholarships, mentorships, and internationalization opportunities—including selection for Guatemala Fashion Week 2026 and product showcases in Europe through the Istituto Europeo di Design.
 
The event closed with the Mola Red Carpet and a final runway show themed “Nostalgia for the Future.” At the close, organizers announced a two-year strategic pause to allow the initiative to restructure its action plan, grow partnerships, and expand its impact across Latin America.
 
According to organizers, the break will allow Universo Mola to continue developing innovative projects focused on transforming the fashion system through a sustainable and regenerative approach.

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Kendrick Lamar fronts Chanel’s latest eyewear launch

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Grammy-winning rapper and entrepreneur Kendrick Lamar will star in Chanel‘s Spring 2025 eyewear campaign, launching April 22. The collaboration underscores the French luxury house’s ongoing commitment to cultural storytelling, blending fashion and music to connect with a younger global audience.

Kendrick Lamar fronts Chanel’s latest eyewear campaign as the brand’s new ambassador. – Photo: Karim Sadli

 
The campaign features Lamar alongside actors Margaret Qualley, Lily-Rose Depp and Nana Komatsu, showcasing Chanel’s latest eyewear collection. With this move, the brand aims to engage culturally connected consumers in key global markets.

Chanel began building ties with Lamar in 2023, when he wore a custom look by the house to the Met Gala. In early 2024, his creative company, pgLang, collaborated with Chanel on “The Button,” a fashion short film that premiered during the brand’s haute couture presentation in Paris.

Although Chanel is traditionally recognized for its womenswear, Lamar’s participation signals the house’s inclusive approach to categories such as eyewear. It also reflects the brand’s continued evolution in storytelling, leveraging cross-disciplinary partnerships that bridge fashion and entertainment.

Kendrick Lamar attends the 2023 Met Gala celebrating 'Karl Lagerfeld: A Line of Beauty.'
Kendrick Lamar attends the 2023 Met Gala celebrating “Karl Lagerfeld: A Line of Beauty.” – Photo: Getty Images / Arturo Holmes

Eyewear remains one of Chanel’s most dynamic commercial categories, serving as an entry point for new customers. The brand has continued to grow its presence in this segment with expanded retail efforts and seasonal storytelling. According to Bruno Pavlovsky, president of Chanel’s fashion division, eyewear is more than a functional accessory—it plays a strategic role in the house’s business model and overall brand strategy.
 
With this collaboration, Lamar joins a select group of male ambassadors at Chanel, including G-Dragon and Timothée Chalamet. The partnership may extend beyond the current campaign through additional creative projects led by pgLang, blending Chanel’s heritage with contemporary culture.
 
As the campaign rolls out this week, Chanel’s move reflects a growing shift in luxury marketing, where cultural credibility and cross-industry partnerships are essential to maintaining global relevance in a competitive landscape.

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