Week in Review: Climate change and the death of traditional fashion seasons [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Yahoo! Finance
packing away our boots and rain macs, swapping them out for shorts and t-shirts as the country was finally treated to a burst of sun and warmth after weeks of damp and wet weather. But as the public toys with the most appropriate outfit for the day based on the unpredictable weather, fashion brands and retailers are also experiencing similar challenges. For large companies with huge supply chains, adapting to the erratic climate is much more difficult than simply remembering to pack an umbrella whenever leaving the house. After the sixth-wettest spring on record, many UK retailers have reported a slump in sales as consumers chose not to spend on new summer outfits. And as the climate crisis makes weather patterns more unpredictable, stalling sales on the back of unseasonable temperatures will likely be a worldwide trend in the coming years. According to the Met Office , climate change is causing more frequent and intense weather across the world. Last week, Uniqlo-owner Fa
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