Another retailer files for bankruptcy…
Brooks Brothers, founded in 1818, is the recent that has filed for bankruptcy. The retailer, which generated more than $991 million in sales last year,...
Tag : fashion
Myntra acquires 7 lakh new customers during EORS 12
Fashion e-commerce major Myntra acquired 7 lakh new customers during the recently concluded 12th edition of its ‘End of Reason Sale (EORS). The company saw...
Arvind Fashion to Raise Capital
Arvind Fashions has seen its apparel brand sales drop during the lockdown and struggling to meet the operational costs, including payment of salaries to staff....
Resale market to see increased sale
The spread of the coronavirus has presented the vast majority of the fashion industry with uncertainty, as retailers had to close shop, fashion events were...
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...
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...
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...
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...
WHY PRIMARK DOES NOT WANT TO GO ONLINE UNLIKE COMPETITORS??
At Primark, a Dublin-based clothing retailer, giant lines formed to enter its stores after the lockdown got over. Many shoppers were eager to buy its...