Uniqlo Sees Jump in Sales
Same-store sales at Uniqlo’s Japanese stores and webstore surged by as much as 84.5% year-on-year in April while its total sales rose 92.1%. But those...
Tag : apparelindustry
Zara Collaborates with Fruit of the Loom for capsule collection
Spanish fashion giant Zara has teamed up with US fashion brand Fruit of the Loom to launch their first joint capsule collection. The collection takes...
END OF AN ERA AS Debenhams confirms closing date of final 49 stores
Debenhams has confirmed its remaining 49 stores will permanently close on either May 12 or 15. It comes after the retailer temporarily reopened its stores...
Brooks Brothers and Fila collaborate on tennis, street wear collection
US clothing label Brooks Brothers and sportswear brand Fila have launched a limited-edition collection that includes apparel, footwear and accessories for both men and women....
Adidas’ sale of Reebok a billion dollars Deal??
As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is...
Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...
NEW PAYMENT TERMS FOR GARMENT EXPORT
The Covid 19 has changed the dynamics of apparel industry forever. While for many years the garment exports business was either working on LC’s and...
H&M Faces Backlash in Vietnam
H&M’s attempt to mend fences in China after angering consumers there with its stance against forced labour appears to have triggered another boycott next door...
GOVT HIGHLIGHTS MEASURES FOR REVIVAL OF TEXTILES INDUSTRY
In order to make the textile sector competitive by rebating all taxes/levies in international market, the Government has decided to continue the RoSCTL (Rebate of...
Vietnam Topping Charts in Garment Exports, Bangladesh Slides Down
Bangladesh’s attractiveness as an apparel-sourcing destination remains potent, yet the country has faced increasing competition in recent years that could compound the challenges of the...