US retail sales up 4.5% YoY in 1H 2018: Report

2018/07 19 13:07

US retail sales are up by 4.5 per cent year over year in the first half of 2018, according to a recent report. Higher gas prices failed to dent discretionary retail sales. Store closures by major US retailers have reached 4,136 to date. It is estimated that 2018 will end with 8,000–10,000 store closures, exceeding […]

Milliken & Company hires Halsey Cook Jr as president & CEO

2018/07 19 13:07

Halsey M. Cook Jr./Courtesy: Business wire Milliken & Company’s board of directors have announced the appointment of Halsey M. Cook Jr. as the new president and CEO, effective September 1, 2018. J. Harold Chandler will return to his role as chair of the board of directors. Milliken is a global innovation company with textile, floor […]

Amazon, Alibaba & Ebay dominate retail sector: BrandZ

2018/07 19 13:07

The retail category surged ahead in 2018 with a 35 per cent increase due to a shift towards e-commerce, according to the 2018 BrandZ Top 100 Most Valuable Global Brands ranking and report. Tech-related brands like Amazon, Alibaba and Ebay dominate not just retail, but the BrandZ Global Top 100 list, accounting for over half […]

IGF Expo 2018 to present global trends in home textiles

2018/07 19 13:07

Courtesy: Terje Sollie from Pexels IGF Expo, beginning November 13, will provide opportunities for global home decor brands and trend setting start-ups to enter the Nigerian market, build strong relationships and take high value bulk orders. The 3-day fair will also host seminars for retailers, interior designers and buyers to increase revenue, upskill their teams […]

UBM Fashion unveils updated version of ShopTheFloor

2018/07 19 13:07

Courtesy: Shop the floor UBM Fashion, leading organiser of trade shows for the fashion industry, has unveiled new, updated version of ShopTheFloor – the industry’s largest digital tradeshow and social marketplace. The new B2B platform includes a fresh look and feel, updated, easy-to-use experience, and direct access to the largest, qualified network of fashion brands […]

Reduce fuel consumption: Smart Myanmar to garment sector

2018/07 19 13:07

Smart Myanmar, a project funded by the European Union (EU), has advised garment factories in Myanmar to reduce consumption of fuel, regardless of the source. It said that it is necessary to invest in steam condensate recovery, a system that actually saves the company money in the medium term, however, companies are hesitant about initial […]

Burberry Q1FY18 comparable sales grow 3%

2018/07 19 13:07

Courtesy: Burberry plc Burberry has recorded 3 per cent increase in its comparable sales in the first quarter of fiscal 2018, with a solid performance in retail in a period of transition. The company has also announced strategic investment in key markets including relocating and expanding its flagship store in Dubai and closing an additional […]

Kenneth Cole signs licensing deal with Brandzstorm India

2018/07 19 13:07

Courtesy: Kenneth Cole US clothing brand Kenneth Cole has replaced Reliance Brands with Mumbai-based Brandzstorm India as its partner for designing, manufacturing, distributing and retailing its products in India, Bangladesh and Sri Lanka. Its 10-year master licensing partnership with Brandzstorm India aims to cover 100 crore people and open about 10 stores in India by […]

Secoo, L Catterton Asia, JD become strategic partners

2018/07 19 13:07

Courtesy: Secoo Secoo Holding, Asia's largest online integrated upscale products and services platform, is now a strategic partner of L Catterton Asia, the Asian unit of the largest and most global consumer-focused private equity firm, and JD.com, China’s largest retailer. Secoo has got a US$175 million investment as three-year convertible note from L Catterton and […]

Chanel most emotionally intelligent brand: Survey

2018/07 19 13:07

Chanel is the most emotionally intelligent brand followed closely by Louis Vuitton, according to a survey. Chanel has earned an overall score of 7.14 out of a maximum possible 10. The fashion brand’s score is driven primarily by two elements, which account for 50 per cent of the score weighting, including quality of products and […]

Tego plans to expand product range in 2018-19

2018/07 19 13:07

Courtesy: Tego Tego, a company that creates premium athletic gear for modern everyday athlete, will be expanding its product range considerably in 2018-19. It will typically have two seasons with a very tight collection of its core product range of high quality staples (tops, bottoms and accessories) in addition to two or three new categories […]

Reebok, CFDA join hands to nurture America’s fashion

2018/07 19 13:07

Courtesy: Reebok Global fitness and lifestyle brand Reebok has joined hands with the Council of Fashion Designers of America (CFDA). The collaboration aims to nurture creativity and future talent of American fashion. The alliance was established in recognition of the ongoing challenge faced when seeking new talent within today’s rapidly-evolving fashion landscape. Reebok has established […]