India’s Myntra to open 100 offline stores in 2 years

2018/06 26 07:06

Courtesy: Myntra Encouraged by the impact of its first offline store, India’s online fashion retailer Myntra plans to launch 100 offline stores across the country in the next two years, Ananth Narayanan, CEO of Myntra-Jabong, said recently. Half of the 100 stores will be for Roadster, Myntra’s most popular brand, and the rest for HRX, […]

Gap appoints Neil Fiske as new president & CEO

2018/06 26 07:06

Courtesy: GAP Inc Gap Inc., a leading global retailer offering clothing, accessories, and personal care products, has announced the appointment of Neil Fiske as president and chief executive officer of Gap brand, effective June 20, 2018. Fiske will serve on the company’s senior leadership team, reporting to Art Peck, current president and chief executive officer […]

Afreximbank to aid Nigerias Kaduna in textile goods export

2018/06 26 07:06

Courtesy: Pexcel African Export-Import Bank (Afreximbank) president Benedict Oramah recently met Nasir Ahmad El-Rufai, governor of Nigeria’s Kaduna state, in Abuja to discuss how the bank can support the state’s economic development, including revival of cotton exports in value added form. The bank agreed to send a team to comprehensively study the cotton value chain […]

eBay partners with Noon for e-commerce sales in Middle East

2018/06 26 07:06

Courtesy: Ebay Noon, the $1 billion e-commerce venture backed by Dubai businessman Mohamed Alabbar and Saudi Arabia's sovereign wealth fund, has entered into a partnership with eBay to expand globally. Its primary competitor is Amazon-backed Souq.com based in Dubai. Both companies will also try to capitalise on the strong growth of online shopping in the […]

Paragon Partners invests in women’s fashion brand eShakti

2018/06 26 07:06

Chennai-based women’s fashion brand eShakti recently said it has raised ₹75 crore from Paragon Partners Growth Fund-I, a private equity fund focused on mid-market segments founded by Siddharth Parekh and Sumeet Nindrajog in 2015. The investment is needed for growth as eShakti is building a multinational brand with a global footprint, said founder BG Krishnan. […]

RT-Mart upgrades shopping experience with Alibaba tech

2018/06 26 07:06

Courtesy: Alizilla Using Alibaba’s Hema supermarket as a model, Taiwan based hypermarket chain RT-Mart has rolled out a series of features aimed at improving the shopping experience for its customers. RT-Mart has already finished a months-long digital transformation of a quarter of its 400 stores using the New Retail technology developed by Alibaba Group. Whether […]

US clothing retail sales up 8.2% over last year in May

2018/06 26 07:06

Courtesy: Pexels As US economy continues to grow, retail sales in May 2018 at clothing and clothing accessory stores were up 8.2 per cent year-on-year and 1.3 per cent from April seasonally adjusted, the National Retail Federation (NRF) has said. Overall retail sales during the month increased 0.7 per cent seasonally adjusted over April and […]

US retail imports to hit record numbers: NRF

2018/06 26 07:06

Imports at major US retail container ports are likely to set record numbers in summer and fall 2018, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. Consumers are buying more, so retailers are importing more, said NRF vice president for supply chain and customs policy […]

Aldo partners with Celect to optimise order fulfilment

2018/06 26 07:06

Courtesy: Aldo Celect, a leader in predictive analytics and inventory optimisation for retailers, has announced that Aldo Group, a creator of footwear and accessory brands, is leveraging advanced analytics across its brands to optimise its customer order fulfilment objectives. Celect will intelligently operationalise Aldo’s online orders by leveraging store inventories. With 3,000 points of sale […]

Leisure sneakers lead US footwear sales: The NPD Group

2018/06 26 07:06

Leisure sneakers dominated US footwear sales between May 2017 and April 2018, according to The NPD Group. Non-performance, athletic-inspired sneaker sales for adults were up by 17 per cent in the period over the previous year. The men’s market, comprising over 60 per cent of sales, grew 10 per cent while the women’s market grew […]

TEA urges Indian textile minister to raise lifeline support

2018/06 26 07:06

Representatives of the Tiruppur Exporters’ Association (TEA) recently met Indian textiles minister Smriti Irani in New Delhi and requested her for increasing the rates of duty drawback, rebate of state levies (ROSL) and interest equalization scheme to bail the knitwear exporting units out of crisis. A letter signed by TEA president Raja M Shanmugham was […]

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

2018/06 26 07:06

Italian company Eurojersey Spa will present in 2019 new embossing patterns and coloured pigments made with their Eco Print technology in their patented Sensitive Fabrics collections, made from nylon and lycra fibres, according to managing director Andrea Crespi. Comfort is the USP of our Sensitive Fabrics range, he said in an interview with Fibre2Fashion. “We […]