Alibaba to acquire Ele.me for boosting new retail efforts

2018/04 22 05:04

Courtesy: Alizilla Alibaba Group would acquire all of the outstanding shares that it does not already own in Ele.me, a leading online delivery service in China, to deepen the platform’s integration into Alibaba’s ecosystem and further expand the technology company’s New Retail strategy for local services. The transaction implies an enterprise value of $9.5 billion […]

Earth Day: Wrangler to double use of eco-cotton by 2019

2018/04 22 05:04

With Earth Day on April 22, Wrangler, one of the leading manufacturers of denim, in association with cotton farmers of the United States has taken a vow its double its usage of sustainably-farmed cotton by 2019. Further in its report, Wrangler has also highlighted the significant environmental impacts of sustainable cotton farming techniques. The report […]

India’s apparel exports drop 3.83% to $16.7bn in FY18

2018/04 22 05:04

Courtesy: AEPC/DGCI&S Apparel exports from India dropped by 3.83 per cent to $16.716 billion in April-March 2017-18, compared to exports of $17.382 billion in fiscal 2016-17, according to data from Directorate General of Commercial Intelligence and Statistics (DGCI&S),Kolkata, under the ministry of commerce, Government of India. March 2018 showed fall of 17.78 per cent y-o-y. […]

NRF, 106 groups urge US Congress to ease China trade war

2018/04 22 05:04

Courtesy: NRF The National Retail Federation and 106 associations representing US manufacturers, agri-businesses, retailers, technology firms, importers and exporters recently sent a letter to US House Ways and Means Committee chairman Kevin Brady and ranking member Richard Neal urging Congress to play a strong role in mitigating the escalating trade situation with China. The letter […]

Organised retail in India poised for strong growth: Report

2018/04 22 05:04

Courtesy: Pexels/Skitterphoto As per capita income increases, organised retail sector in India will witness strong growth in the years to come, and segments like apparel will reap the benefits, says a recent report from an American multinational investment bank and financial services company. Favourable demographics and increasing urbanisation would help in robust growth. Currently, organised […]

Alibaba creates over 36.8 million jobs in 2017

2018/04 22 05:04

Courtesy: Alibaba China’s Alibaba created over 36.8 million jobs in 2017 through its expansive retail eco-system, says a Renmin University report. Its e-commerce platforms like Tmall and Taobao offered 14.05 million jobs to online retailers in 2017. Apparel and textiles, daily necessities and home appliances were the top three items offering the most jobs, the […]

Levi Strauss & Co revenue soars 22% in Q1 2018

2018/04 22 05:04

Courtesy: Levi Strauss & Co For the first quarter of 2018, the revenues of Levi Strauss & Co grew 22 per cent on a reported basis and 16 per cent excluding $55 million driven by broad-based Levi's brand growth in all regions and channels. On a reported basis, direct-to-consumer revenues grew 24 per cent on […]

Other Asian nations attract more US tariff than China

2018/04 22 05:04

Despite talks of a US-China ‘trade war’, the highest US tariffs are on imports from many other Asian countries, including Bangladesh, most of whose imports to the United States last year were subject to tariffs equivalent to 15.2 per cent of the total value of that country’s shipments. This is the highest such average rate […]

Cold weather slows consumers spending growth in UK: Report

2018/04 22 05:04

Consumer spending growth in the UK slowed as temperatures fell in March, rising just 2 per cent YoY, lowest since April 2016, as the poor conditions brought by the ‘Beast from the East’ took their toll on the high street. However, expenditure online grew 11.7 per cent as Brits chose to shop from their homes […]

Anajet upgrades firmware & software for DTG printers

2018/04 22 05:04

Courtesy: Anajet Anajet, Inc., a pioneer and global leader in the direct to garment industry, has introduced an upgrade to its firmware and software available to its Ri 3000/Ri 6000 DTG printers. Firmware v1.2 and AnaRIP v5.1 updates provide an enhanced speed mode, additional platen option, and firmware stability improvements for the direct to garment […]

Asos collaborates with Zeekit for virtual try-on tech

2018/04 22 05:04

Courtesy: Zeekit Online fashion retailer Asos has collaborated with Zeekit for its virtual try-on technology, to offer shoppers a better way to understand how their clothes will fit in real life. It shows different sized models wearing each product – but instead of shooting multiple models for each product, Zeekit’s algorithms are used to virtually […]