Source: https://www.drapersonline.com New product lines and store openings from H&M as well as improvements from Next and Matalan have stoked a 128% increase in the number of sustainable womenswear products online in the… Read More ›
Economic
Japan’s retailers regain momentum on e-commerce and overseas push
Source: https://asia.nikkei.com TOKYO — Earnings growth in the Japanese retail sector is accelerating once again as companies expand beyond their traditional turf by boosting their presence abroad and in cyberspace. Fourteen of the 20 top publicly traded retailers by market… Read More ›
How AI Shopping Assistants Are Bolstering Retail Discovery
Source: https://www.psfk.com Digital discovery is an opportunity for consumers to start a lasting relationship with a brand. As a result, retailers are adopting chatbots to guide the customer through the e-commerce journey with the specificity of a one-on-one interaction with… Read More ›
Nike Remains World’s Most Valuable Apparel Brand in 2018
Source: https://www.highsnobiety.com Nike has managed to maintain its position as the world’s most valuable apparel brand in 2018. According to valuation and strategy consultancy Brand Finance, the US sportswear giant beat the likes of adidas, Louis Vuitton, and Hermès — despite suffering… Read More ›
J.Crew is being outshined by its cooler sister
Source: https://www.businessinsider.in J.Crew is being superseded by its sister brand. In its most recent results, reported after markets closed on Tuesday, J.Crew announced a 7% slump in same-store sales during the fourth quarter and confirmed it would be closing 20… Read More ›
H&M has a problem: $5.6 billion of unsold clothes
Source: http://www.straitstimes.com In the world of fashion retail, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a US$4.3… Read More ›
Is Fast Fashion Dying in the Age of Wokeness or is it Just H&M?
Source: http://www.thefashionlaw.com The fast fashion concept is backed by two such fundamentally attractive ideas – frequent novelty and affordability – that it has enabled brands in this part of the market to wreak utter havoc on the traditional model of… Read More ›
Future of Fashion
Source: https://www.dhakatribune.com ‘Manufacturing as usual’ will be obsolete in a decade. Are we ready to embrace change? The footprint of Bangladesh in the global apparel industry goes back to the early 1980s and by now the industry has achieved phenomenal growth… Read More ›
Two slabs of GST will affect Bengaluru garment units: SIGA
The South India Garment Association (SIGA) has voiced its concern over the impact of the implementation of 2 slabs of GST on apparel. In a letter to Krishna Byre Gowda, a minister in the Karnataka cabinet and member of… Read More ›
Gucci owner Kering to spin off majority stake in Puma
Source: https://retail.economictimes.indiatimes.com Luxury group Kering says it intends to spin off a majority stake in sports apparel maker Puma by distributing the stake to its own shareholders. The Paris-based company said Thursday it would ask shareholders to approve distributing 70… Read More ›