Fashion retailers, who are fast learning the new norms, are now exploring and embracing new product categories in order to survive.We saw underwear label Thinx expanding into activewear early this year and now this British menswear brand Hawes & Curtis too has launched its maiden loungewear collection. That’s the call of customers in this ‘new world’ and Hawes & Curtis has understood this well.Also Read:Underwear brand Thinx expands into activewearKnown for its formalwear and premium cot

GENEVA - The supply chains of eight industries - including fashion - are responsible for more than half of all carbon emissions globally, according to a new study from the World Economic Forum.The report, Net-Zero Challenge: The supply chain opportunity, published in partnership with the Boston Consulting Group (BCG), says tackling supply chain emissions could be a "game changer" against climate change.Fully decarbonising these supply chains would be achievable at low cost with existin

Continuing the dismal performance, the apparel sales figures of Japanese department stores took a dip in 2020. The revenues have already been contracting since early 2019 and pandemic has only made it worse.The total revenues from apparel category valued 1,141 billion yen (US $ 11 billion) during 2020, declining 31.10 per cent on Y-o-Y basis, according to the latest released data by Japan Department Stores Association (JDSA).Apparels constituted 27 per cent of overall sales that took place in th

The US-based clothing retailer Francesca’s, which filed for Chapter 11 bankruptcy in November 2020, has got the green signal from the court of a deal to sell itself.Image Courtesy: people.comFollowing court approval, the fashion retailer will, reportedly, be sold to TerraMar Capital and Tiger Capital. Notably, the retailer was acquired during the recently concluded auction process.As per the statement released to media, Francesca’s has said that TerraMar has expressed its commitment to keep arou

Uniqlo Global Brands has reported a huge fall in its revenue in the first quarter of FY2021.Image Courtesy: hokkaidoguide.comThe fashion stalwart saw the revenue of its Global Brands segment drop by a worrying 22.3 per cent to clock 28.0 billion yen for the said period.The segment also saw a slight operating loss of 0.2 billion yen for the quarter. Notably, it had made a profit of 1.8 billion yen in the first quarter of FY2020.Brand-wise, the retailer’s Theory brand posted massive fall in its re

UNIQLO International has kicked off its FY2021 on a positive note as operating profit of the brand’s international stores (outside Japan) increased amidst declining revenues in Q1 (September-November period).The revenue fell to 260.6 billion yen (down 7.20 per cent), while operating profit surged to 41.4 billion yen in Q1 of FY 2021, noting 9.50 per cent increase from the same period of FY 2020 – thanks to strong revenues and profit gain from UNIQLOGreater Chinaas strong performances in Mainland

Fast Retailing’s fashion brand GU has reported a positive Q1 (September-November period) of FY 2021 both in revenues and profits.The brand clocked 76.5 billion yen, noting 4.90 per cent Y-o-Y growth in Q1 ’21, while operating profit valued 13.6 billion yen with a significant surge of 9.90 per cent.The same-stores sales of the brand increased due to rising demand of its sweat-style knitwear products for which brand ran strong advertising campaigns.The other products which grew were the ones that

There are reports that British sportswear retailer JD Sports is in talks with Authentic Brands to come together and bid jointly for the ailing brand Topshop.Image Courtesy: the industry.fashionThe discussion, still in its early stages, aims to acquire the operations of the brand from the administrators of Arcadia Group.Notably, Deloitte, who are the administrators of Arcadia Group, which had collapsed in November 2020, is engaged in securing deals for as many of Group’s assets as possible.If the

More jobs to be hit in the UK!Image Courtesy: express.co.ukFollowing the recent sale of EWM and Bonmarche to Purepay Retail Limited, now Debenhams too has accelerated its winding down process.Also Read:Edinburgh Woollen Mill and Bonmarché sold; hundreds of jobs hitAnd in this regard Debenhams will soon shut down its 6 stores in the UK – thereby hitting at least 320 jobs. That’s more worries!The fashion retailer’s famous Oxford Street flagship too is amongst the stores to be permanently shut down

MARSEILLE - French fashion brand American vintage has committed to a ban on the use of wool from angora rabbits in all future collections following long-standing pressure from animal welfare campaigners.The PETA animal rights group, which has been urging the brand to end its use of angora wool for nearly two years, welcomed the move by the company which has more than 1,500 outlets in ten countries.American Vintage joins a list of more than 400 brands and retailers, including H&M, Mango, Gucc