"The not-so satisfactory 2018 results of luxury brands Tiffany, Ferragamo, Tod’s and Prada has not deterred them from maintaining a positive outlook for 2019. This is on account of improving brand sales. Ferragamo has already witnessed an improvement in its same-store sales. Similarly, Prada and Tiffany are still... Read more
Not so long ago, buying secondhand clothes was considered low-class. These were bought in either charity shops of thrift stores at reduced prices. However, things changed with the resale market for secondhand fashion in the United States growing 21 times faster than retail sales of new clothing over the past three year... Read more
"Fast Fashion is losing its sheen with brands not only stepping up their ethical standards of production but also implementing corporate social responsibility (CSR) policies to transform their business processes. These initiatives are fructifying with brands witnessing bonus uplift in consumer loyalty."
Fast F... Read more
"Recent proliferation of data in the fashion industry is helping retailers and brands to analyse signals from the millions of customers and better predict what customers want. Companies are using algorithms and technology to use this data efficiently."
Recent proliferation of data in the fashion industry is he... Read more
As per United Nations Climate Change, the fashion industry, which accounts for 10 per cent of the world’s carbon footprint and 20 per cent of waste water, is likely to consume a quarter of its global resources by 2050. This pollution is more prevalent in Asia, the largest manufacturer and exporter of clothing and... Read more
"As the fashion industry warms up to the growing trend of sustainability, concepts of reusing and recycling are gathering momentum. However, it will be a while before these are universally adopted. The trend of fast fashion has increased overall consumption. This needs to change if we wish to make positive environmenta... Read more
In order to achieve its ambitious target of $8 billion worth of exports by 2025, Sri Lankan apparel sector is looking to first upscale access in emerging markets such as India, China and Brazil. The country will differentiate its products with quality standards and excellent product delivery to capture global demand. T... Read more
"The British fashion industry, over the past two years and nine months, has been preparing for an unforeseen future. As the UK voted to leave the European Union, a range of fashion and footwear businesses across the UK including manufacturers, brands, agencies and retailers are adopting various measures to mitigate the... Read more
"Vietnam has been exporting unprocessed agriculture and other primary products to China for decades. Of late, there has been strong growth in its export of higher value agriculture products, including fruits, vegetables and other horticulture products and seafood. Vietnam also exports electronic and other manufactured ... Read more