The Armenian Government recently decided to offer customs benefits to Alex Textile as the company has announced to invest more than 15.6 billion drams (AMD) to raise its production output. The company, which employs 1,104 people, will spend AMD 14.1 billion to purchase raw materials and AMD 1.5 billion to buy equipment and construct new divisions.Pic: Alex TextileAfter the investment goes into effect, around 400 jobs will be created, according to media reports in the country.The revised producti

The revenue of Boohoo Group during fiscal 2019 has been recorded at £856.9 million, up 48 per cent from last year. The UK-based retailer has witnessed strong revenue growth across all geographies with UK up 37 per cent and international up 64 per cent. In the reported period, the gross margin increased to 54.7 per cent against 52.8 per cent last year.Pic: BoohooThe group has performed exceptionally well during the year. Revenues have increased across all brands in all regions. PrettyLittleThing

Building upon a year of considerable growth in 2018 and having already delivered on several of its key 2020 goals, Lululemon Athletica has outlined its growth strategy for the next five years. The company plans to fuel growth through three strategic plans to drive product innovation, create integrated guest experiences and to expand deeper in key markets.Pic: Lululemon AthleticaThe growth strategy includes a plan to double men’s and digital revenues, and to quadruple international revenues. The

LONDON — Online fashion retailer PrettyLittleThing (PLT) has debuted a new collection made using recycled materials, including pre-consumer factory offcuts and recycled polyester derived from discarded plastic bottles.Could the incorporation of recycled materials and the reGAIN app partnership signal a new direction for PrettyLittleThing?PrettyLittleThing has also followed in the footsteps of its sister brands Boohoo and Missguided in partnering with the reGAIN app to incentivise customers recyc

Swedish clothing giant H&M has launched online shopping in Mexico, offering a wide range of collections with exclusive ‘online-only’ pieces available all year-round, including ladies, men’s, teens, kids, plus-size, maternity wear and a complete collection of lingerie, accessories and H&M Home products. H&M now offers online shopping in 48 markets.Danna Paola wearing H&M. Pic: H&MH&M’s aim is to create a seamless shopping experience for the fashion fans where there is no l

Gerber is set to display its industry-leading, end-to-end solution to support on-demand bespoke design through production as well as mass production at Texprocess expo, in hall 4.0, stand B31. The company will also participate in the Smart Textiles Micro-Factory exhibit. Texprocess is a leading trade fair for processing textile and flexible materials.Pic: Gerber TechnologyGerber is pioneering the end-to-end process by providing their customers with a full suite of cutting-edge solutions that inc

AMSTERDAM – Fashion for Good has announced that the four newest innovators to join its Scaling Programme have previously participated its Accelerator Programme, meaning they have now progresses to a stage where they can benefit from running pilots with the organisation’s corporate partners to help expand their operations.The addition of Mango Materials, Algalife, Nature Coatings and Sonovia to the programme brings the total number of participants since it launched in 2017 to 18.Source:Eco Textil

Total sales from Kering’s Houses during the first quarter of fiscal 2019 have progressed in all distribution channels, with 18.6 per cent comparable increase from the directly operated store network. The group also delivered remarkable growth in consolidated revenue, up 21.9 per cent as reported and 17.5 per cent on a comparable basis to €3,785.3 million.Revenue from Kering’s Other Houses amounted to €576.9 million in the first quarter, up 25.0 per cent as reported and 21.7 per cent on a compara

Dr Scholl’s Shoes is making a deliberate choice by investing in sustainable, eco-conscious design to create environmentally lower-impact shoes. The brand is taking its mission one step further with a journey to make shoes in a whole new way, using eco-conscious materials, finding ways to reduce packaging, and choosing sustainable processes when possible.Pic: Dr Scholl's Shoes“Designing shoes that look and feel good is at the center of what we do, but we believe we have a responsibility to do

The American Apparel & Footwear Association (AAFA) hosted the AAFA American Image Awards recently in New York City celebrating fashion and retail industry accomplishments. The honourees included Isaac Ash, president of United Legwear & Apparel Co as Person of the Year; American Eagle Outfitters as Retailer of the Year; and Birkenstock as Company of the Year.Eileen Fisher was Designer of the Year, WWD was Media Brand of the Year and Ruthie Davis X Disney Princess was Fashion Collaboration