Giambattista Valli is the latest designer to enter the booming activewear market. The new activewear collection will be launched in June 2018 along with the label’s Pre-Fall line. It will feature 50-60 pieces consisting of coats, puffer jackets, sweatshirts and tracksuits. Priced between 1,100 and 2,500 euros, the collection will be available for purchase at Giambattista Valli boutiques and select speciality stores. Since his label’s inception in March 2005, Valli has become renowned for his fem
American fashion firm PVH Corp. is reportedly considering to merge its brands Tommy Hilfiger and Calvin Klein to make a single entity in India. If true, the merger would make it a company with retail business of more than Rs. 1,000 crores in the Indian market. Brand-wise, Tommy Hilfiger alone reported Rs. 750 crores in retail sales while Calvin Klein’s revenue stood Rs. 250 crores in the previous year. The venture will reportedly be managed by Tommy Hilfiger CEO Shailesh Chaturvedi; Arvind Limit
Ex-Diesel Canada Chief Joey Adler has joined hands with Trey Alligood, former Gents President & Creative Director to launch a self-proclaimed 90 percent gender-neutral apparel line, Shades of Black (SOB) which is available from December 2017 and targets millennials’ demand for simplistic design and gender inclusivity. SOB is built around a minimal palette of black, white and grey shades and will offer easy-going of sweatshirts, jackets, joggers, T-shirts and an assortment of denim.
GAP Inc., the US-based apparel retailer, has recently opened its fourth store in Delhi-NCR. The latest addition takes the India total for the brand to 11. The newly inaugurated store is located on the Ground floor of Pacific Mall (Tagore Garden) in New Delhi. The mall is one of the capital’s premium shopping, entertainment and leisure destinations. Kidswear, menswear, womenswear and other fashion products are up for grabs at the store, spread over an area of 4,500 square feet. GAP already has it
US-based fashion brand Guess has rolled out financial statements for the third quarter ended October 28, 2017. During the period under review, the fashion retailer recorded GAAP net loss of US $ 2.9 million compared to the GAAP net earnings of US $ 9.1 million in the same quarter of 2016. Asia, Europe and the US remained the key markets for the retailer during the reporting quarter. Guess’ Europe revenue increased by 18.8 per cent in US dollars and 11.9 per cent in constant currency. Retail sale
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
seems to have been pretty active in the past few months, but what is it that seems to have gotten on the move so much? Well first of all there was the announcement of instant which stirred up a whole bunch of discussion across the online marketing world.
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
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
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