Finnish fashion retailer Lindex has once again been honoured as the ‘Fashion Chain of the Year’ at Habit Fashion Awards, held recently at Cirkus, Stockholm. The retailer has been awarded ‘Net Omnikanal’ for its digital efforts. The company is known for its rich offerings of exciting and affordable collections for women and kids. It has been into the e-business for the last ten years and currently sells online across Europe. At the event, Lindex was also praised for the initiatives it took to pro
The Indian unit of Italian fashion retailer United Colors of Benetton (UCB) has forged a tie-up with Devbhumi, a company owned primarily by rural women artisans from remote villages of Uttarakhand. The idea behind this association with the local organisation is to empower over 6,000 rural women artisans across India. The tie-up between the two is aimed to bridge the gap between local artisans and global consumers. Lack of such platforms has made them (artisans) deprived of showcasing their craft
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Major US apparel retailer Macy’s Inc. has announced its third-quarter results and reported that its sales plunged 6.1 percent to settle at US $ 5.281 billion as against US $ 5.626 billion in the corresponding quarter last year. Additionally, comparable sales of Macy’s on an owned-basis dropped by 4 per cent and 3.6 per cent on an owned-plus-licensed basis. Closure of stores previously announced by Macy’s is seen as a major factor responsible for the negative impact on the financial results. Macy
Michael Kors has announced financial results for the second quarter ended September 30, 2017, which is turned out to be better than expected for the company. The fashion retailer’s total revenue increased by 5.4 percent to US $ 1.15 billion during the reporting period from US $ 1.09 billion in the same quarter last year. In the reporting quarter, Michael Kors’ retail sales were up by 8.0 percent to US $ 645.0 million. Gross profit also zoomed 7.2 percent to US $ 690.8 million. The company’s comp
PVH-owned fashion brand Tommy Hilfiger is relaunching its denim products under the new name ‘Tommy Jeans’. The logo of the new brand ‘Tommy Jeans’ is inspired by ’90s American denim classics with a modern twist and will continue to feature the iconic ‘stretch flag’. The fashion retailer observed a huge demand for its products amongst the youth. This propelled the company to ‘rebrand’ its label and bring the heritage aspect back to the market. The denim range under the new name will hit the marke
Ralph Corporation has released financial results for the second quarter (ended October 1) of the current fiscal and posted a 9 percent decline in its second-quarter revenue to US $ 1.7 billion on a reported basis. As per the company’s press statement, the drop in revenue is the result of lower consumer demand, increased quality of sales, reduced promotional activities, etc. After a not so encouraging second quarter, Ralph expects that its operating margin for the third quarter will
British luxury fashion house Burberry has announced the departure of its President and Chief Creative Officer Christopher Bailey which will leave his current position on 31 March 2018. Bailey became the President and COO of Burberry in May 2014. The 46-year-old designer has been the driving force behind the company’s success. Started just as an outerwear business, Burberry has now established itself as one of the world’s largest and most admired luxury brands. It will be interesting to see who w
Quirky & functional Summer sandal range, India Grace by Sambag retains a truly timeless elegance and distinction that the Sambag brand is renowned for.
Inspired by India Grace Wagner, Sam Wagner’s youngest daughter, India Grace by Sambag is the first-ever collaboration between mother & daughter.
USA-based Gerber Technology has partnered with Fashion Enter under which Gerber will provide the latest AccuMark CAD system to Fashion Enter and support in creating the next generation of fashion leaders. The software will provide an accurate grading and pattern making data which will help Fashion Enter to upgrade its training academy and commercial factory. Users at Fashion Enter will be able to use new design tools for the creation of design lines directly on the garment. The AccuMark software