It’s officially Aquarius season! Wonderwall.com is rounding up the best and worst fashion moments from stars born in February, starting with Feb. 16th birthday girl Elizabeth Olsen. Though she comes from a seriously fashionable family — she’s the Elizabeth in sisters’ Mary-Kate Olsen and Ashley Olsen’s Elizabeth and James fashion line– she doesn’t always score a fashion hit. Case in point? This disastrous Dior number she wore to a screening of “Wind River” in 2017. This snoozy collared design was unfortunate enough when we thought it was a dress… but it was actually a jumpsuit complete with a belted waist and wide-legged, pleated pants. Yikes! Keep reading for our favorite look on the Marvel star,
What Recovery? Clothes Retailers Cut Orders While Factories Fight to Survive | Investing News
By Victoria Waldersee and Ruma Paul
LISBON/DHAKA (Reuters) – Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack.
The global apparel industry, reeling from a punishing 2020, is seeing its hopes of recovery punctured by a new wave of COVID-19 lockdowns and patchy national vaccine rollouts.
Some major retailers are still nursing last year’s clothes, which would have been sold off in clearance sales in normal times. British chain Primark, for example, told Reuters it was housing around 150 million pounds ($205 million) worth of 2020 spring/summer stock and 200 million pounds from autumn/winter.
In an indication of the scale of the backlog, consultancy McKinsey says the value of unsold clothing worldwide, in stores and warehouses, ranges from 140-160 billion euros ($168-192 billion) – more than double normal levels.
Britain’s