Taking on Fast Fashion With Leather Bags Made From Luxury Brand Scraps
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,839,384 (+0.39%)       Melbourne $1,112,698 (+0.31%)       Brisbane $1,239,032 (+0.41%)       Adelaide $1,124,729 (+1.41%)       Perth $1,059,750 (+0.24%)       Hobart $831,697 (-0.24%)       Darwin $874,845 (-1.71%)       Canberra $1,110,011 (-0.45%)       National Capitals $1,222,121 (+0.28%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $800,472 (-0.08%)       Melbourne $528,474 (+0.36%)       Brisbane $797,670 (-0.01%)       Adelaide $584,683 (-0.37%)       Perth $605,402 (-2.05%)       Hobart $554,533 (+0.44%)       Darwin $470,544 (-1.19%)       Canberra $485,095 (+0.11%)       National Capitals $627,512 (-0.30%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 8,625 (+7)       Melbourne 10,721 (-143)       Brisbane 5,186 (-18)       Adelaide 1,693 (-41)       Perth 4,550 (-44)       Hobart 794 (+5)       Darwin 88 (-3)       Canberra 797 (-6)       National Capitals $32,454 (-243)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 6,967 (-38)       Melbourne 5,813 (-78)       Brisbane 904 (-1)       Adelaide 262 (-1)       Perth 913 (-10)       Hobart 142 (+1)       Darwin 168 (+1)       Canberra 1,055 (+2)       National Capitals $16,224 (-124)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $580 ($0)       Brisbane $690 (+$10)       Adelaide $650 (+$8)       Perth $725 (+$15)       Hobart $595 (-$5)       Darwin $745 (-$5)       Canberra $710 ($0)       National Capitals $694 (+$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 (+$20)       Melbourne $590 (-$10)       Brisbane $680 (+$5)       Adelaide $550 ($0)       Perth $675 (-$5)       Hobart $495 (+$20)       Darwin $640 (+$10)       Canberra $595 ($0)       National Capitals $640 (+$5)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,782 (+459)       Melbourne 7,492 (+593)       Brisbane 4,368 (+663)       Adelaide 1,568 (+170)       Perth 2,281 (+189)       Hobart 199 (+50)       Darwin 90 (+12)       Canberra 487 (+21)       National Capitals $22,267 (+2,157)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 9,079 (+1,172)       Melbourne 6,743 (+1,111)       Brisbane 2,425 (+278)       Adelaide 453 (+63)       Perth 559 (+62)       Hobart 89 (+24)       Darwin 171 (+10)       Canberra 523 (-181)       National Capitals $20,042 (+2,539)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.26% (↓)       Melbourne 2.71% (↓)     Brisbane 2.90% (↑)        Adelaide 3.01% (↓)     Perth 3.56% (↑)        Hobart 3.72% (↓)     Darwin 4.43% (↑)      Canberra 3.33% (↑)      National Capitals $2.95% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.20% (↑)        Melbourne 5.81% (↓)     Brisbane 4.43% (↑)      Adelaide 4.89% (↑)      Perth 5.80% (↑)      Hobart 4.64% (↑)      Darwin 7.07% (↑)        Canberra 6.38% (↓)     National Capitals $5.31% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 31.4 (↑)      Melbourne 29.1 (↑)      Brisbane 29.9 (↑)      Adelaide 25.6 (↑)        Perth 33.8 (↓)     Hobart 27.2 (↑)      Darwin 29.7 (↑)      Canberra 31.0 (↑)      National Capitals $29.7 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 31.4 (↑)      Melbourne 30.9 (↑)      Brisbane 26.6 (↑)      Adelaide 24.3 (↑)        Perth 30.6 (↓)     Hobart 32.0 (↑)        Darwin 26.5 (↓)       Canberra 38.3 (↓)     National Capitals $30.1 (↑)            
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Taking on Fast Fashion With Leather Bags Made From Luxury Brand Scraps

By Clarissa Sebag-Montefiore
Sat, Jun 29, 2024 7:00amGrey Clock 4 min

Dana Cohen witnessed the meteoric, and frightening, rise of fast fashion working for apparel companies in New York City for over a decade.

“We went from designing unique, thoughtful products to chasing trends and everything started to look the same,” recalls Cohen, 41, who was born and raised in Florida but now lives in Brooklyn with her family. “I watched fabrics get ordered and never be used and garments piling up on sales racks. We were drowning in fashion excess.”

It was then Cohen realised that she could do something to help while remaining in an industry she loved. “I couldn’t be complicit in the destruction of the planet and knew there had to be a better way to design,” she says.

undefined In November 2019, just a few months before the pandemic, Cohen launched Hyer Goods, a leather accessories company that uses the waste created by other brands—with fabric sourced from deadstock and factory scraps—to make bags, wallets, keychains, and blazers. The name Hyer is a riff on “higher,” or better, design.

Cohen’s mission is simple: to use scrap waste and “turn it into something beautiful.”

THE ITEMS 

Hyer Goods focuses on leather because it is “high-quality, durable and can last for generations. The last thing we’d want to do is create more things that just end up in a landfill,”  Cohen says. She launched an accessories brand, meanwhile, because accessories are small. “Focusing on small goods enables us to maximise the waste available. We even use the cutting waste to make our small leather goods, like card wallets and watch bands.”

Items include the ’90s-style luxe medium shoulder bag, which comes in colours like white and bright red and crocodile texture. There is also the luxe camera bag—available in a bright pop of fuschia pink and more neutral tones, such as camel—and the pocket cube bag, an everyday satchel with a canvas front pocket.

Hyer Goods also sells a deadstock leather blazer in a relaxed fit in black, chocolate and camel, and phone slings and wallets, as well as a handful of knitwear items, including the “salvaged angora scarf” and “a better beanie,” both created using leftover materials such as angora and merino yarn.

Cohen’s favorite style, however, is the luxe mini bucket bag, which comes with two different removable straps.

“It’s both classic and iconic in design,” she says. “I love that it converts from a crossbody to a handheld bag which enables me to wear it anywhere from errands to a wedding.”

Hyer Goods is currently selling a limited-edition, made-to-order Hello Adrianne hand-painted canvas bucket bag, featuring either a pair of tomatoes or a piece of farfalle pasta. A collaboration with the American artist Adrianne, dubbed “the tomato girl” for her depictions of canned tomatoes and other Italian foods, each bag is hand-painted in New Jersey.

Hyer Goods uses deadstock materials, discarded by luxury brands, which reduces the energy footprint needed to breed livestock
Lena Shkoda

“A good-quality bag can last for generations. I love the idea of creating heirloom products that can be handed down,” explains Cohen. “It’s the antithesis to fast fashion. I cherish some of my mom’s old bags, and I hope these bags have a similar future.”

THE PRICE

Many of the bags mentioned are priced around US$300, give or take. The deadstock leather blazer is US$375. The salvaged angora scarf is US$120, and the better beanie is US$75.

Besides shopping online, customers can also pop into the Hyer Goods store located on a quaint street in New York’s West Village.

WHAT’S THE GOOD?

Each year, 6.3 million tons of textiles are discarded in the fashion industry; in accessories, up to 15% of leather can be wasted due to the material’s natural defects, according to the Hyer Goods website. Most bag brands use either new leather, whose harvesting is bad for the environment, or vegan leather. Vegan leather may be animal-free, but it contains substantial amounts of plastic, does not wear well, and can take centuries to degrade.

By contrast, Hyer Goods uses deadstock materials, discarded by luxury brands, which reduces the energy footprint needed to breed livestock, as well as the waste sent to landfills. “In addition to using upcycled materials, every decision we make is made with the planet in mind, from our packaging choices to our designs,” says Cohen.

The company uses veg-tanned leather skins and tries to source leather made in Italy, directly from factories. Any canvas used, meanwhile, is deadstock, while the knits are made from luxury yarn leftovers, sourced locally in New York. Every supplier, meanwhile, must agree to the Hyer Goods Supplier Manual, which includes compliance with human rights laws.

WHAT’S NEXT?

Cohen says her goal from the start was to create the highest-quality goods out of waste.

“While we’re already using incredible Italian leathers and other luxury leftovers, I’m excited to announce some new sources of waste that are coming from the most exclusive, high-end brands in the world,” says Cohen. “In order to keep emissions as low as possible, we’ve developed an entire new supply chain in Italy, where the waste exists, and will be debuting a Made in Italy collection utilizing the world’s best leftover leathers soon.”



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The boom in casual footware ushered in by the pandemic has ended, a potential problem for companies such as Adidas that benefited from the shift to less formal clothing, Bank of America says.

The casual footwear business has been on the ropes since mid-2023 as people began returning to office.

Analyst Thierry Cota wrote that while most downcycles have lasted one to two years over the past two decades or so, the current one is different.

It “shows no sign of abating” and there is “no turning point in sight,” he said.

Adidas and Nike alone account for almost 60% of revenue in the casual footwear industry, Cota estimated, so the sector’s slower growth could be especially painful for them as opposed to brands that have a stronger performance-shoe segment. Adidas may just have it worse than Nike.

Cota downgraded Adidas stock to Underperform from Buy on Tuesday and slashed his target for the stock price to €160 (about $187) from €213. He doesn’t have a rating for Nike stock.

Shares of Adidas listed on the German stock exchange fell 4.5% Tuesday to €162.25. Nike stock was down 1.2%.

Adidas didn’t immediately respond to a request for comment.

Cota sees trouble for Adidas both in the short and long term.

Adidas’ lifestyle segment, which includes the Gazelles and Sambas brands, has been one of the company’s fastest-growing business, but there are signs growth is waning.

Lifestyle sales increased at a 10% annual pace in Adidas’ third quarter, down from 13% in the second quarter.

The analyst now predicts Adidas’ organic sales will grow by a 5% annual rate starting in 2027, down from his prior forecast of 7.5%.

The slower revenue growth will likewise weigh on profitability, Cota said, predicting that margins on earnings before interest and taxes will decline back toward the company’s long-term average after several quarters of outperforming. That could result in a cut to earnings per share.

Adidas stock had a rough 2025. Shares shed 33% in the past 12 months, weighed down by investor concerns over how tariffs, slowing demand, and increased competition would affect revenue growth.

Nike stock fell 9% throughout the period, reflecting both the company’s struggles with demand and optimism over a turnaround plan CEO Elliott Hill rolled out in late 2024.

Investors’ confidence has faded following Nike’s December earnings report, which suggested that a sustained recovery is still several quarters away. Just how many remains anyone’s guess.

But if Adidas’ challenges continue, as Cota believes they will, it could open up some space for Nike to claw back any market share it lost to its rival.

Investors should keep in mind, however, that the field has grown increasingly crowded in the past five years. Upstarts such as On Holding and Hoka also present a formidable challenge to the sector’s legacy brands.

Shares of On and Deckers Outdoor , Hoka’s parent company, fell 11% and 48%, respectively, in 2025, but analysts are upbeat about both companies’ fundamentals as the new year begins.

The battle of the sneakers is just getting started.

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