Temperley London bags award for sustainability

2018/06 07 14:06

Courtesy: Temperley London Temperley London has been awarded Positive Luxury’s Butterfly Mark for commitment to sustainability across innovation, social good, environment, community investment, and governance. The fashion brand by designer Alice Temperley is also dedicated to standards of excellence, responsible business practice, and thoughtful leadership in the fashion category. "We are delighted to have been […]

Materialise, HP to design customised 3D-printed insoles

2018/06 07 14:06

Courtesy: Materialise Materialise, through a partnership with RSPrint, has joined hands with HP to scale an end-to-end 3D solution to design and manufacture fully customised 3D-printed insoles. The two have entered into an agreement under which, FitStation powered by HP will integrate Materialise software for 3D design automation, print preparation and production management. This alliance […]

New York & Company reports Q1 sales of $218.8 million

2018/06 07 14:06

Courtesy: New York & Company New York& Company has posted net sales of $218.8 million for the first quarter of 2018, as compared to $209.9 million in the prior year. The increase reflects the combined effect of the shift of the calendar due to 53rdweek in fiscal 2017, increased sales from Fashion to Figure and […]

Partners Group, Kedaara Capital taking over VMM

2018/06 07 14:06

Courtesy: Vishal Mega Mart Partners Group, a private markets investment manager, and Kedaara Capital Fund II, an India-focused operationally oriented private equity fund, are taking over Vishal Mega Mart (VMM), wholesale supplier to over 230 hypermarket stores across India, from private equity firm TPG. The deal is subject to regulatory approval and will likely close […]

Fashion industry employs 300 mn workers globally: Report

2018/06 07 14:06

The fashion industry employs over 300 million people across the value chain, as of December 31, 2017, as per a recent report. The sector is often a crucial source of employment and a big GDP contributor for emerging as well as developed economies. The textile, clothing, leather and footwear (TCLF) sector collectively was a €1 […]

Deckers Brands sales soar 8.4% in Q4FY18

2018/06 07 14:06

Courtesy: Deckers Deckers Brands, a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, has recorded sales of $400.7 million, up 8.4 per cent compared to$369.5 million for the same period last year. On a constant currency basis, net sales increased 6.6 per cent. In fiscal 2018, sales grew 6.3 per cent […]

Taobao charting out plans to tap millennial consumers

2018/06 07 14:06

Courtesy: Alizilla Taobao, China’s leading e-commerce platform, is charting out plans to strengthen its position as a top destination for millennial consumers whose purchasing power and willingness to spend exceeds that of previous generations. It is supporting unique stores as a way to tap young middle-class consumers, who are inclined for the different and off-beat. […]

Retailers adopting IoT strategies to monitor goods: Report

2018/06 07 14:06

Courtesy: Detego Retailers are adopting popular IoT strategies to more accurately monitor the movement of goods and better understand consumer behaviour, according to a recent report. The strategies include increasing use of RFID tags, digital assistants or chatbots to offer assistance on smartphones, and wearable technologies for up-to-the-minute stock information. Detego, a UK retail software […]

European cities attracted 43% new brands in 2016: Report

2018/06 07 14:06

European cities are the preferred new destination for international retailer expansion attracting 43 per cent of new retail brands in 2016, up from 36 per cent on the previous year, says a report. This is attributed to European retailers redirecting their focus on expansion in their home continent rather than in locations with expensive currencies. […]

Bring early resolution to issues of apparel industry: AEPC

2018/06 07 14:06

Textiles minister Smriti Irani (5th from left), Finance minister Piyush Goyal (5th from right) and others. Courtesy: AEPC The Apparel Export Promotion Council (AEPC) has urged the Union finance and textile ministries to bring an early resolution of the issues facing the country’s apparel industry. In view of a serious downslide in textile and apparel […]

Arrow most trusted apparel brand in India: Trust Research

2018/06 07 14:06

Courtesy: NNNow/Arrow Men’s formal wear brand Arrow, a part of Arvind Fashions Ltd, has grabbed the top spot in the apparel category of Trust Research Advisory (TRA)’s ‘Brand Trust Report, India Study 2018’. The overall India ranking of Arrow is 43, up from 324 in 2017. Fabric brand Raymond and casualwear brand Levi’s have been […]

Karnataka garment workers seek minimum wage hike

2018/06 07 14:06

Garment workers in Karnataka are demanding that the newly formed HD Kumaraswamy government implement the revision of minimum wages that was withdrawn by the earlier government in March 2018. The Siddaramaiah-led Congress government had issued a draft notification in February 2018 proposing to double minimum wages in the state’s garment industry. As per the draft […]