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Sunday 29 May 2016

The Knit Polo

(first published May 20, 2016)

Everyone owns a polo shirt or two, or three, and likely in many colours—it’s a wardrobe staple after all, and while most people are familiar with the pique cotton variety I would make a case for the knit polo.




Exuding 70s vibe and charm the knit polo is a dressier form of the sport-born short-sleeve. What I like about the knit, and prefer over the traditional pique, is the looser construction. It drapes over the body naturally and rests with soft creases and folds pique cotton simply cannot replicate. The ribbed hem and sleeve cuffs, while not exclusive to knits, produce an interesting silhouette by allowing that beautiful draping to occur.


Left, S/S 2014 look 5; right, S/S 2016 look 17; I couldn’t wear the polo on the right, but I love it.
Above are knit polos from David Hart’s collection. His interpretation of the 70s is impeccable, retaining qualities like long wide collars and intricate colour blocking without looking anachronistic. The soft outline is apparent in both looks especially on the shoulders and around the waist where the fabric sits folded over the hem.


Left, F/W 2016-17 look 14; right, F/W 2014 look 2
The way Hart styles his collection reinforces just how chic the knit polo is. Creased and pleated trousers complement the elegance of the knit polo; footwear ranges from brogue wingtip oxfords to clean white sneakers and leather sandals. The overall impression of each look breathes sophistication while remaining ostensibly casual. Replace the knits with piques, jerseys, or wovens however, and the looks seem lacking and out of place, awkward even.

Supreme S/S 2016
Not a Supreme fan, but the shape and cinnamon colour of this knit cotton polo caught my attention. Not sure if it’s the way it’s laid out or because of the longer sleeves or what, but the silhouette looks generous and billowy. I’d love to try this on.

Brunello Cucinelli, from FARFETCH
Brunello Cucinelli is about as luxurious as knit cotton gets. The sand base and white stripes make this an instant warm weather classic.

Arpenteur, from UNIONMADE
This versatile nautical striped linen knit from Arprenteur, a French brand I’m new to, features an uncommon cutaway collar which stands out especially given its traditional shaped body and longer sleeves. Like the Supreme knit I want to try this on to see the silhouette.

Sunspel
This comfortable looking gorgeous merino wool long sleeve from Sunspel is practically a sweater with a polo collar (love the drab “marsh melange” colour). The long sleeve knit polo has a grown-up feel, but can still look youthful. Push the sleeves up and pair with Bermuda shorts or tapered cropped trousers and still looking refined as ever (like the David Hart look above).

Left, cotton; right viscose/acrylic mix; both from Zara
I’ll always prefer natural fibers, but synthetics can be good too, and often come at a lower price. The two polo shirts have noticeably different silhouettes, which I think shows the possibilities with knitting over weaving.

Orley
I’m liking the colour scheme of this Orley merino wool knit. The beautiful burgundy foundation, the bold stripes and bright orange placket/collar make this quintessentially modern retro.

GANT
Cotton/silk blend from GANT. Simple and clean, no fuss no muss. This look shows the elegance of the knit polo at its purest.

Reiss from ASOS
This was a shot in the dark surprise and I adore it. Each square patch looks to be a terry cotton finish that gives this Reiss cotton knit a rich texture. The metal zip placket was a good choice; had it been the regular button closure the polo would lose its sporty and rebellious personality.

Pique cotton continues to be the preferred fabric for polo shirts, at least from what I can tell. Admittedly, when I first encountered the knit polo the thin delicately constructed loose flowing drape made me sceptical. Once I put it on, however, I saw all the reasons to consider it over pique, jersey, or woven construction. Colours and patterns look vibrant against a knit fabric; the personality quite removed from the other fabrics noticeable to those with a discerning eye.

Speaking of a discerning eye, as I’m writing this I noticed almost all the polo shirts featured, with the exception of Supreme (of course), lack one feature pique polos almost always have: a logo or emblem on the left side of the chest! Just another reason I veer toward knits!
Knit polo, H&M Premium Quality cotton/silk blend
With warmer weather and longer days looming polo shirts will be pervasive like an unspoken uniform worn by the masses. Opt for a knit to subtly stand out from the sea of piques. You’ll be more stylish for it.

(With the exception of the first and last images, I do not own any images featured throughout.)

H&M: The Sustainability Dilemma

(first published May 9, 2016)



I read an article recently from Quartz titled "Is H&M misleading customer with all its talk of sustainability?" and it got me thinking about the sustainability of fast fashion (as a business model it's not, obviously, but I'll try to avoid confirmation bias). H&M is the world's largest fast fashion retailer, bringing in sales of $25 billion in FY 2015. Inditex (Zara) came in second at about $23.9 billion, and I reckon will surpass H&M soon given its growth rate; aptly named Fast Retailing (Uniqlo) netted $13.8 billion; and Gap Inc. (GAP, Old Navy), despite their constant steep discounts, managed to net $15.8 billion. Fast fashion is a monstrous industry holding immense influence over consumer buying power worldwide, and with the luxury market taking a slight dip in the ongoing recovery of the global economy among other issues, low prices never looked so attractive.

Average consumers are smarter and more informed by the day. We look for deals where we can find them and more often than not buying decisions are driven by price. So what are the trade-offs for throwaway prices?



  • Cheaper fabric quality?
  • Weaker construction?
  • Fewer features and details, and therefore, product uniqueness?
  • Immediate gratification?
  • Our own psychological depreciation of product standards?
  • Apathy for what we buy?
  • Cheap labour, and therefore, social welfare?
  • Integrity of ourselves and brands?
  • Acceptance of "disposable" fashion?
Perhaps all of the above?

Looking at the amount of money these companies bring in I question if we as consumers question the integrity of these companies and the way they do business, and H&M is the case study company. As a brand H&M regularly places among the top 100 globally in a variety of indices for brand recognition and value, and sustainability is no exception. Corporate Knights (CK), a Toronto-based consulting and research firm whose mandate focuses on "clean capitalism" and sustainability performance across a variety of fields, ranked H&M 20th in their 2016 Global 100 Most Sustainable Corporations (up from 75 in 2015). Superficially it looks good but what does this mean? How does one quantify sustainability meaningfully?


Measuring Sustainability


CK, which has been publishing the Global 100 since 2005, details the 
rating methodology (more detailed pdf) used consisting of four screens:


  1. Sustainability disclosure: Within this first screen, CK uses 12 key performance indicators (KPI) to measure a corporation’s compliance, of which at least nine (75%) must be reported. Each KPI is weighed equally and has an accompanying equation that quantifies a result thereby allowing comparison with peers. Measurables include productivity per unit of resource, employee compensation and safety, and diversity of leadership, among others.
  2. Piotroski F-Score: This test measures a company's financial strength, specifically in relation to its stock strength (i.e., to buy or short) and future performance. There are nine criterion to meet; one point is awarded for each satisfied criterion, with 0 being weak and 9 being strong. The Piotroski F-Score was developed by Joseph Piotroski, an accounting professor at Stanford University. His paper written in 2000 showed, using historical financial information, a 23% return from stocks bought and shorted through his method. For the purpose of the Global 100, CK requires a corporation to achieve a score of at least 5.
  3. Product category: The tobacco and defense (i.e., weapons manufacturing) industries are omitted, so by default H&M passes.
  4. Sanctions: Penalties, settlements, or fines paid related to sustainability infractions are considered as a percentage of revenue. CK runs a keyword search related to sustainability punitive payments for each company.


Above is H&M's 12 KPIs. The first four productivity indicators link directly with resource use, which is what most of us think when we think "sustainability." All four equations take revenue over a unit of resource, like one gigajoule of energy or cubic metre of water. The higher the numbers, the more revenue generated per unit of resource.

Waste productivity stands out as an anomaly. The resource unit is non-recyclable or unusable waste in metric tonnes. There's a 30% reduction in productivity from 2015 to 2016, meaning each metric tonne of waste produced resulted in almost one third less revenue in 2016. My guess is waste production increased rampantly relative to revenue considering it doesn't follow the upward trends of the other productivity factors, and sales increased by about 19%.

Another indicator to take note of is the ratio of CEO compensation relative to average worker pay. The CEO of H&M earned 61 times more than the average worker in 2015 and decreased to 47 in 2016. To put this in perspective, executive compensation back in the days of JP Morgan Jr. was 20 to one—a figure he proposed to be reasonable. Nowadays executive compensation can reach upwards of 500 times average employee pay depending on the industry (e.g., the CEO of Ecolab, ranked 50 on the Global 100, earned 594 to one); H&M's 47 is modest in that regard.

Board of Directors and Management diversity are other areas of interest. It's absurd that organisations still have problems with female representation at the executive level when numerous studies prove gender diversity affects positive growth and change. H&M scores well with Board of Directors representation at 50%—the highest of all CK Global 100 members—and is tied with several other companies in upper management diversity at 40% (44% being highest).


The second screen is satisfying the Piotroski F-Score and H&M barely squeaks by, tallying the minimum required 5, meaning moderate growth. The conditions where H&M scored were
  • positive return on assets
  • positive operating cash flow
  • operating cash flow over assets is greater than return on assets
  • no new issue of outstanding shares
  • asset turnover is higher than previous year
Caveats to the Global 100

Because the Global 100 has a quota for reserved spots proportionate to GICS sector representation in the MSCI ACWI it's not a list of the most sustainable, at least it doesn't appear that way. It's hard to compare numbers objectively by industry when H&M is the only fast fashion retailer listed.


Diversity should extend to ethnicity as well, not just gender. I take it most of these companies don't have very diverse ethnic representation and therefore renders any quantitative measurement meaningless.


The most apparent caveat of all, however, is the Global 100 doesn't account for social welfare of foreign suppliers, which is a big component of sustainability. Quantifying living standards for different countries based on H&M's impact is a daunting task in itself, and would have to be a whole new list entirely.


H&M's Sustainability Mission


H&M has a comprehensive sustainability manifesto, if you will, that takes the form of a long-form public relations infographic (beefy 130-page pdf available too) detailing trends and milestones. There are a few points I'm interested in.


CEO Interview: Written by the H&M PR team. His answers' contents are moderate and hopeful, and can be found in just about any statement released by large corporations preaching corporate social responsibility. In short, it sounds nice.


Fair living wage: Right off the bat H&M fails to convince any sort of real action. They hide behind the "complexity" argument, and I'm not saying it isn't complex, but because it is, H&M can't affect real change the way it claims it can. The first consideration is manufacturers work with many brands, not just H&M. If fair wages are to be negotiated and realised all brands and buyers must agree on what's fair together, which is something H&M emphasises several times in their sustainability report. Responsibility is spread out and ownership of the fair wage issue is diluted, which works in their favour.


H&M publishes a comprehensive list of its suppliers numbering in the thousands online. The majority of suppliers are concentrated in China (701), Bangladesh (300), India (233), and Turkey (305). With so many manufacturers, processing plants and fabric mills it's not practical nor realistic to track fair wage initiatives on even a fraction of them. Instead, H&M is focusing on implementing their fair wage initiative for all strategic suppliers (produce 100% H&M products) by 2018. For "priority" suppliers, it will be an on-going process which means H&M holds less influence over the social welfare of those suppliers and must rely on the good faith of competitors and local governments to affect change. This brings into question of how much influence can a foreign manufacturer have over government policy, as far as clothing manufacturers go. Would it make a difference if all or most fast fashion purveyors make an altruistic stand to government for increased social welfare of their countries? The fast fashion business model is low prices and producing large volumes with great speed. The ideas conflict.


Another consideration is scale, not just in terms of number of manufacturers, but number of brands working with them. The sustainability report mentions partnerships with the United Nations agency International Labour Organisation and IndustriALL Global Union to strengthen mediation with manufacturers. To IndustriALL's credit, its ACT programme, which focuses on the fabric and garment industry supply chains, has the cooperation of 17 brands which include H&M and its largest competitor Inditex. ACT works on the basis of industry collective bargaining, which means "... all workers and manufacturers in the garment sector within that country can negotiate their wages under the same conditions, regardless of which factory they work for, and which retailers and brands they produce for." It sounds pretty, it really does, and I don't mean to be cynical but how does one negotiate with 701 manufacturers in China and have all parties satisfied? Will it only work with smaller countries with fewer manufacturers?


The only way to establish truly improved living standards for overseas labour, especially in developing countries, even if they are experiencing economic growth, is for H&M to own and manage their own factories. That way they have full control over all operations (i.e., wages, working conditions, dare I say employee development) and determine what is fair or above average. Of course, this is unrealistic and simply won't happen. H&M relies on their suppliers to churn out thousands of tonnes of garments annually; it's the business model that brought in $25 billion last year. H&M is a low price, high volume competitor, and they're leading the way.

H&M Conscious: My take on the Conscious line, at least the men’s offering, is boring and basic. Nothing compels me to want to pick anything up and look at it. The only reason I would is to look at the manufacturing label for fabric content. Most of the Conscious garments have some percentage of recycled or organic fabric, depending on the nature of the garment, and sell for about the same price as their regular offerings. The "conscious" part of the campaign is the feel-good added value of knowing that part of the garment is made with sustainability in mind, but honestly, how many people read manufacturer's labels? From my experience, not very many. The green tag may be enough to convince someone that the $6 conscious tank top is better than the regular $6 offering. The problem comes full circle when we remember, once more, the business model of fast fashion: low prices, bulk volumes, speed of production and delivery of product.


In an ideal world, sustainability would mean locality:

  • raw materials grown and processed locally and organically;
  • process methods yielding high output per unit of resource use;
  • labour is local so we know that even if it's minimum wage it's a standard all consumers can approve of;
  • lower carbon footprint since transportation costs are reduced;
  • all value-added steps within the supply chain would be at a higher cost than non-local production methods
As a result, consumers end up paying more for a sustainably produced garment than the conventional outsourced method. Yes, one may argue that a "Made in USA" or "Made in Italy", or a coveted "Made in Paris" label commands a highly subjective increase in margin, but the reasoning is there. When a fast fashion retailer markets its product as sustainable and prices it similar to its regular line, it tells the consumer one thing: be sceptical.

H&M's Seven Commitments: This is where the manifesto takes shape. I think it's great H&M details their commitments, but they fall short in a few places.
  • Choose and reward responsible partners: I find this commitment hard to wrap my head around from a supplier point of view. How can H&M source from thousands of suppliers and still says it's their choice who they work with? The fast fashion business model inherently conflicts with the idea of choice of source partners. H&M wouldn't be where it is today if it was selective about who it works with. It simply cannot push 600 million unit annually sourcing from responsible partners.
  • Be ethical: Really...? I can't even.
  • Reduce, Reuse, Recycle: The whole basis for H&M's sustainability and Conscious campaign, this commitment reinforces the ethos of fast fashion: that it's disposable. H&M, however, has made its stores into recycling centres for old garments and it will take all clothes regardless of brand or condition. This is a good marketing strategy because it creates a psychological response from the consumer to return to the store with their old clothes; they get the satisfaction of believing they're contributing to the company's sustainability initiatives and get discount incentives on their next purchase. We know this is purely business driven: one discount voucher per purchase over a stated minimum amount that H&M's quantitative experts determined would at least break even if not make a marginal profit in the store's overall sales.
  • Strengthen Communities: Probably the most commendable commitment, strengthening communities conflicts with the fast fashion business model as well as H&M's responsibility to its shareholders. When the business model of making money depends on low cost production for low priced goods, it leaves little room for philanthropy other than to distract from the overall grim picture of overseas outsourced labour. Make no mistake, this commitment is also business driven. H&M's quantitative team, I'm sure, allocates an annual maximum expenditure limit of resources for community building activities like early child education programmes, and skills training and entrepreneurial development for women in sourcing countries. The goal is simply to divert people's attention while it strives to be the leader in fast fashion. Any commendation that comes out of the campaign is just value-added.
Final Thoughts

I applaud H&M for trying, even if it's a PR stunt. The reality is the marriage between sustainability and fast fashion cannot be fully realised as long as the business model remains unchanged, and if it did it would be something entirely different. To H&M's credit, its efforts have racked up a multitude of awards and stakeholder testimonials and furthers consumers' belief in the company's sustainability cause. In the end it’s all about how a brand controls customers’ perception of their corporate social responsibility efforts. But it is hard to overlook the many stories that tell otherwise.

Is it better than doing nothing? Yes. Will it convince customers the company is doing good? Yes. Are they misleading customers? Not if they're sceptical.

Saturday 28 May 2016

Stylish Moments in Film: Raiders of the Lost Ark

(first published April 20, 2016)

I recently watched Raiders of the Lost Ark for the first time (don't judge). I went in with no expectations because I was indifferent about the Indiana Jones franchise; I didn't not like it but nothing drove me to engage it either. Well, I regret putting it off for so long. Raiders is entertaining, funny, a little goofy, and charming in ways only Harrison Ford can be. Reminds me of a certain scruffy-looking nerf herder...

That smile though.
But this isn't a film review. What inspired me to write about Raiders happens about 13 minutes in. Everyone knows what Indiana Jones looks like: his earthy outfit, the brown patinaed leather jacket, swooping fedora, and his trusty bullwhip are instantly recognisable thanks to the ubiquity of his pop cultural significance.

Indiana Jones in his Wested 'Hero' A2-inspired brown leather jacket and Herbert Johnson Poet fedora.
He looks like this for about 90 percent of the film. So what happens 13 minutes into the movie?

Dr. Henry Walton Jones, Jr. has difficulty spelling ‘monolithic’
Wait, what? I had no idea he is also a PhD and college professor (shows how indifferent I was), AND a snazzy dresser. Brown tweed three-piece, pale yellow shirt and those frames—what are those!?

Indiana Jones' Beaufort P3 eyeglasses were made by Algha Group on Savile Row.
A full body shot reveals the suit in its entirety.
What a beautiful silhouette: the waist suppression, the way the jacket stays in place when his left arm is up, full cut pleated trouser that is almost certainly cuffed with the perfect amount of break. If his eyeglasses are crafted on the Golden Mile of Tailoring, surely his suits must be as well.

Doesn't Ford look debonair?
What I love about this meeting is the juxtaposition of Jones and the three gentlemen, specifically regarding their suits. They are wearing flannel or worsted while he’s wearing tweed—the most casual of the three fabrics. Tweed also tends to be thicker, rougher and rugged in appearance. It’s a fabric associated with the outdoors, lauded for its durability and its capacity to brave harsh climates. While Jones’ suit comfortably blends in with his companions’ the fabric it’s constructed from represents something else.


See the pleats running down the back? They make it easier to move the arms while keeping the body relatively in place. The band at the waist? A half belt vestige of military coats and jackets that sport full functioning belts, but this half belt serves to hold the pleats at the waist. Jones’ jacket demands the freedom to not only move but be animated and excitable as he aptly demonstrates in the meeting, which furthers his nuanced individuality and separation from the other three men. College professor, yes, a working stiff he is not!

Man knows how to indulge at home, too…
Back when flying was an occasion to dress for.
Jones dons a navy doubled breasted suit when he flies to Nepal, and again in his final meeting with the three suits after he retrieves the Ark.


I love Jones’ carefree style because regardless of whether he’s wearing a leather jacket or double breasted suit, he owns that fedora like no one else. Ford’s performance brings forth an effortlessness that makes the fedora work with both looks, whereas if anyone else tries they would inevitably fall short.

Alas, the Ark is lost to government custody, unseen and unstudied. How can a defeated hero look so dashing in the end?
Ford’s almost childish pout and attempt to hide his gaze under the swoop of his fedora is about as endearing as any action hero can look. And this is a poignant moment in the film that made me think about personal style and what it may mean, and here’s, I suppose, what I got out of this wonderful character: Unyielding confidence.
Indiana Jones is the same person no matter what he wears, whether it’s his iconic sepia attire, Savile Row tailored suits, or a jellabiya and turban to stay cool in the Egyptian heat, he is at ease. I dare say he probably doesn’t care what he wears, his unapologetic confidence proves that; it’s that same confidence that prompts him to chase the enemy convoy on a horse, or abandon his own safety to go on a solo mission to save Marion.
As long as you have confidence, whatever you wear will work for you. Maybe my observations are amplified because my idea of Indiana Jones has always been associated with the leather jacket, fedora, and bullwhip. I’ve been wrong.
Heroic wide angle shot!