Lululemon Tops Q1 Expectations, But Signals Cooling U.S. Demand
The Canadian sportswear group posted a 7.34% revenue increase in the first quarter, despite a 2.13% decline in net profit. Canadian athleisure giant Lululemon ended...
Tag : retailer
Lisa Donohue has been elected to the Gap Inc. Board of Directors
Gap Inc. announced that Lisa Donohue has been elected to the Gap Inc. Board of Directors. Donohue brings 30 years of global consumer, data and...
ASOS TO ACHIEVE NET-ZERO ACROSS THE FULL VALUE CHAIN BY 2030
Online retailer Asos has published its ‘Fashion with Integrity 2030’, environmental, social, and corporate governance programme, which includes a commitment to achieve net-zero across the...
Fast Retailing cuts its annual profit forecast
Uniqlo owner Fast Retailing has lowered its annual profit forecast as a result of additional Covid-19 related government restrictions in Japan and overseas denting footfall....
H&M launches Exclusive line for festive season in India
Fashion retailer H&M has launched a festive clothing line for men, women, and children exclusive to India and collaborated with six Bollywood celebrities on a...
THE UNION TEXTILE MINISTER SMRITI IRANI TESTS POSITIVE FOR CORONA
The UNION textile Minister Smt. Smriti Z Irani recently announced on Twitter that she has been tested positive for the Coronavirus. She took to Twitter...
H&M TO INVEST IN ONLINE RETAIL THAN PHYSICAL
Hennes & Mauritz will exit the coronavirus crisis in better shape, according to its new chief executive,as she announced plans to close a record number...
Adidas creates robotically woven Upper Strung
Sportswear brand Adidas has worked with design studio Kram/Weisshaar to create a robotically woven upper called Strung that can be made to the exact specification...
Apparel exporters already on the path of V-shaped recovery: AEPC Chairman
Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel said that the double-digit growth in apparel exports in September. indicates that the sector has begun...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...