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

Working on a Digitised Ecosystem

The world is said to be moving towards digitisation. What needs to be remembered is that it is the biggest and the best which gains attention. Organisations devoted to tribal areas and areas populated by the weaker segment of the society, get lip service and where required, some public funding


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


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