10 Nov

Retail Industry News .

American chain of variety stores Dollar General Corporation will soon become the first ever recipient of President’s Veterans Recognition Award by Coca-Cola. Under the initiative launched by Dollar General, veterans, active military personnel and their families get exclusive discounts at the retailer’s stores. The company also initiated a move to ensure a smooth transition of service members to a civilian life by creating employment opportunities. It also a Paychecks for Patriots programme, whic

9 Nov

Apparel Industry News

US-based retail Walmart has revealed its plans to increase import of garment, footwear and luggage products from Cambodia. Walmart executives recently met Cambodian Labour Minister Ith Samheng in Phnom Penh to discuss the possibilities. Walmart has been among the big players who source garment products from Cambodia. In the first six months of 2017, garment and footwear exports from Cambodia to the US noted a 6.9 per cent increase to US $ 3.7 billion, informed the Labour Ministry.

8 Nov

Fashion Retail News,,

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

7 Nov

Retail Industry News.,.,

American retail company Kroger has initiated a strategic move to counter the rising competition from rivals such as Amazon and Walmart. The retailer has announced to launch its own clothing label named “Our Brands” for both children and adults which will hit the market by fall 2018. The debut collection will be available for sale at 300 of the retailer’s Fred Meyer department stores and Marketplace superstore locations. Further details of the clothing line are yet to be revealed. According to Kr

6 Nov

Fashion Industry News

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

4 Nov

What Is a Good Tradeline? – Top Tradelines

Please take a look below at tradeline characteristics that you should consider when choosing a tradeline. A clean repayment history and a debt ratio below 10% are essential. There cannot be any 30-, 60-, or 90-day late payments on the account. Also, the outstanding balance on the account cannot be more than 10% of the…

4 Nov

Fashion Retail News.

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

3 Nov

Home Furnishing News Updates

Sweden-based global furniture IKEA has acquired a commercial land in Gurugram (Haryana) near the national capital of India, New Delhi. The furniture retailer sealed the acquisition deal by paying around Rs. 842 crores to Haryana Urban Development Authority (HUDA). The company is all prepared for its India venture in February next year. It has already set up the first store in Hyderabad which is expected to open doors next year while Mumbai will house the second. Location for the Bengaluru

2 Nov

Latest Fashion News

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