Nike revenues drop by 38%.
Nike saw fourth-quarter revenue drop 38 percent year-over-year to $6.31 billion alongside a net loss of $790 million as the athletic apparel and footwear giant’s...
THE TOP 10 EMERGING TRENDS
WHAT WILL BE THE NEW NORMAL FOR APPAREL INDUSTRY ? The average market capitalisation of apparel, fashion and luxury players dropped almost 40% between the...
Algae T-shirt is the latest innovation with sustainable material by Vollebak
A UK based start-up – Vollebak – is going extra mile by using science and technology for shaping the future of apparel where they don’t...
Sustainable Textiles with a Pinch of Social Service-Avni
Rashmi Bharti, who studied mathematics in Delhi along with her husband, a technician, decided to change their lives completely. Nestled in the Kumaon region of...
Inditex 1Q20 sales drop limited to 44% despite up to 88% of stores closed
Online sales up 50% in 1Q20 and up 95% in April alone Group’s Executive Chairman Pablo Isla has unveiled the Group’s plan for 2020-2022, providing...
PVH Corp. Reports 2020 First Quarter Results
Sees Increased Losses due to Covid 18 The PVH group Ended the first quarter with $1.8 billion of liquidity, consisting of approximately $800 million of...
H&M Looks at Online Growth in 2020
The H&M group’s net sales increased by 8 percent to SEK 54,948 m (51,015) in the first quarter. In local currencies, net sales increased by...
ANTIMICROBIAL FABRICS: THE SAVIOUR OF T&A SECTOR?
INDUSTRY SEES CONTONOUS LAUNCHES OF ANTIMICROBIAL FABRICS… HOW LONG THIS WILL STAY??? The disruption caused by Covid-19 in fashion industry has resulted in many proactive...
U.S. retail sales jumped by a record 17.7.. How long the trend continue????
U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the...
FAST CHANGING DYNAMICS OF RETAIL IN THE US
US retail sales up a record 17.7% in a partial rebound. Americans are spending disproportionately more on essentials and less on luxuries. If there were...