22 Nov

Retail Industry News::.

Urban Outfitters Inc., a portfolio of global consumer fashion brands comprised of Anthropologie, Bhldn, Free People, Terrain, Urban Outfitters and Vetri Family brands, has reported financial results for the third quarter ended October 31, 2017. During the period under review, the fashion company reported a 3.5 per cent increase in its net sales as compared to the same period last year. Comparable retail sales including the direct-to-consumer channel, increased by 1 per cent. Brand-wise, comparab

21 Nov

Fashion Retail News::

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

20 Nov

Latest Production Technology;

Switzerland-based Mouvent, a digital printing company, is all set to make its textile exhibition debut at ShanghaiTex 2017. The fair will take place in Shanghai (China) from 27-30 November. Mouvent will demonstrate its TX801 digital textile printer during the 4-day exhibition. TX801 is an 8-colour multi-pass printer that produces high print quality up to 2,000 DPI optical resolution with the help of MouventTM Cluster Technology. Despite being a scanning type of machine, TX801 completes about 50

18 Nov

Retail Industry News;;

Walmart Stores Inc. registered an increase in its revenue during the third quarter of the current fiscal owing to a surge in online business clubbed with other developments. During the quarter, the American retail witnessed a 4.2 per cent increase in its revenue to US $ 123.2 billion. Its comparable sales also increased by 2.7 per cent. Additionally, Walmart International noted a 4.1 per cent surge in net sales to US $ 29.5 billion. The retailer further claims that its online sales increased by

17 Nov

Sustainability in Textiles..

The Alliance for Bangladesh Worker Safety has expressed satisfaction over the implementation of the corrective safety plan for the Bangladesh readymade garment factories. The platform of 28 North American fashion brands and retailers is now ready to over its safety programme to a local body that should be ‘Independent’ and ‘Credible’. According to the report, 85 per cent of all the required factory repairs have been completed, including 80 per cent of crucial repairs, while 234 production u

16 Nov

Retail Industry News.:

’s Sporting Goods has appointed Paul Gaffney as its new Chief Technology Officer, effective November 20, 2017. Paul’s appointment has come at a time when the sports company is growing every day through its digital transformation efforts. ’s Sporting Goods is hopeful of noticing an immediate positive impact on the company once Paul assumes charge. He was responsible for the organisation’s software engineering, user-centred design and applications. At ’s Sporting Goods, Paul will be re

15 Nov

Fashion News..,

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

14 Nov

Fashion Retail News,,…..

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

13 Nov

Sustainability in Textiles,.,

Birla Cellulose, the fashion fabric brand of Aditya Birla Group, has added one more feather to its cap by securing the top spot in the global sustainability report by Canadian NGO Canopy. The recognition has come as a booster for the company that aims to be the global leader in the man-made cellulosic fibre industry. The company received ‘light green shirt’ ranking in the sustainability report. At least 11 viscose rayon producers that represent 70 per cent of the global viscose production are in