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Size-inclusive brands gain in popularity
The fashion search engine Stylight has been following inclusive brands that have gained in popularity in recent months. A case in point is Savage x Fenty by Rihanna, which has become well-established in just three years.
With the Savage x Fenty brand, singer Rihanna aims to offer affordably priced quality lingerie to all women, irrespective of their ages and sizes. According to the recent figures reportced by Stylight, the venture is a runaway success. The search engine noted a huge jump in the number of clicks for the brand, which were up by 1,126 per cent in May 2020 when compared to the previous month. Not only has Rihanna organized grandiose shows with women of all backgrounds, and of all ages, shapes and sizes, but she has also revolutionized the lingerie market.
Less well-known to the general public, the green size-inclusive brand Felina, which appears to be rapidly gaining in popularity, is also one to watch. The number of clicks on products by the label was up by 986 per cent in May 2020 when compared to the same month a year earlier.
Similar increases have been reported for swimwear brands offering a wide choice of sizes, which are also enjoying support from a fast-growing community. This is notably the case with the Reina Olga brand and Frankies Bikinis .
More recently, activewear brands have also branched out into the inclusive market with products for all shapes and sizes, and not just the athletically built. For example, the Prana label has seen an 8,179% percent increase in clicks on its products in May when compared to the same period a year earlier.
Informa Cancels September trade shows
Informa Markets has cancelled its September apparel and footwear trade shows in New York City. This includes Coterie, Fame, Moda and Sole Commerce as well as previously rescheduled Project and Children’s Club. The trade shows were to be held under one roof at the Jacob Javits Center Sept. 22-24.
Though New York City is inching toward Phase 3 of its reopening, the former U.S. epicenter of the coronavirus pandemic remains a challenging location for large-scale events. The decision to cancel, Informa stated, came down to continued uncertainty around travel and border restrictions as well as health and safety concerns.
Instead, show organizers will focus their efforts on providing an opportunity for “business continuity” through a newly launched digital trade event beginning Sept. 1 that will run through Nov. 1.
The month-long digital event will come together through a partnership with wholesale e-commerce platform NuOrder. The online show will allow buyers to shop brands’ collections via e-catalogs, digital line sheets and virtual showroom technology as well as review creative editorials and content.
Esprit to lay off 1,200 employees
As a part of its ongoing restricting program, apparel chain Esprit plans to lay off 1,200 employees globally, including 100 in its Hong Kong office and 800 store employees in Germany. Job cuts follow the closure of 56 stores across Asia, outside Mainland China. The company plans to close 50 more stores in Germany, which accounted for 17.2 per cent of the group’s total revenue in the year to June 30. It has received court approval to open insolvency proceedings for its German subsidiaries allowing it to continue with the self-administration process under which it will streamline its business in Europe.
Another part of the company’s restructuring plan includes renegotiating contracts with service providers to obtain more favorable terms. These initiatives will lead to savings of around $116 million for the company, but the one-off costs of the restructuring will add up to about $64.5 million in the June 2021 year. Esprit’s management team is currently working to create a consistent customer experience across all touch points by improving its production quality and sustainability credentials and focusing on full-price sales.
Primark’s sales recover quicker than expected
Primark’s sales have recovered quicker than expected since stores reopened from lockdowns. The retailer has reopened 367 stores while eight stores still remain shut. The retailer also opened five new stores in this quarter and plans to open another five during the rest of the year, including two in the US. Its parent company AB Foods expects Primark’s profit to slump by about two-thirds this year because of the shutdowns. The UK conglomerate said the discount chain should generate adjusted operating profit of as much as £350 million ($437 million) in the current fiscal year, compared with £913 million last year.
As Primark does not sell via e-commerce, its revenues fell 75 per cent in the fiscal third quarter. The chain also suffered a cash outflow of £800 million. Sales at its other divisions, including sugar, agriculture, grocery, and food ingredients, offset some of the impact on its fashion business.
Bangladesh’s export earnings decline by 18.45 per cent: BGMEA
BGMEA reveals the Coronavirus pandemic has led to a significant decline in the country’s earnings from its apparel exports. According to the data, earnings declined 18.45 per cent year-on-year to $27.83 billion in the outgoing fiscal year. This is $6.3 billion less than fiscal 2018-19 and falls $10.37 billion short of the target set for fiscal 2019-20. The target for the immediate past fiscal year was $38.20 billion. Bangladesh exported $34.13 billion-worth apparel in fiscal 2018-19.
In June, the earnings were $2.12 billion which is 11.43 per cent lower than a year earlier but up 72.4 per cent from the previous month. The sector experienced a historic low in shipments in April this year. Earnings from the garments sector reached only $0.37 billion, the lowest receipt since the sector started taking shape four decades ago.
The receipts from apparel, which typically makes up 84 per cent of national exports, was lower mainly because of two reasons fuelled by the pandemic coronavirus. Primarily, thousands of retail stores were shut in the Western world and secondly, factories were shut in Bangladesh due to the pandemic.
Clean Clothes Campaign launches new website for authentic data
The Clean Clothes Campaign (CCC), the garment industry’s largest alliance of labor unions and non-governmental organizations, has launched a new website, called “The Fashion Checker” to provide garment workers, activists and consumers access to real data from supply chains of the worlds’ biggest fashion brands including Primark, Bestseller and Topshop.
CCC will use data on the website to put pressure on brands and policymakers to implement living wages for all workers in the garment industry by Dec 31 2022. A recent survey conducted by the alliance found that 93 per cent brands failed to provide evidence of paying a living wage to any of their suppliers while 63 per cent could not disclose names or addresses of suppliers or only partially comply with the transparency pledge.
According to the CCC, brands have continued to ruthlessly seek lower prices for goods, forcing suppliers to operate on narrow profit margins and squeezing the wages of workers who are already living on the poverty line. Muriel Treibich, from the CCC said for decades, brands and retailers have built profits through a low-wage, labour- intensive model. Lack of transparency in the garment industry has enabled them to distance themselves from workers and evade their responsibility to address low wages and exploitation in supply chains.
TEA accuses customs of jeopardizing knitwear units in Tirupur
Tirupur Exporters Association (TEA) has accused the customs department of putting the knitwear manufacturing units in the city in trouble by refusing to clear consignments from China. The consignments include accessories and raw materials which are urgently required by the knitwear units. The Customs Department has refused to clear them unless they get approval from the Central Government.
This refusal comes at a time when garment exports are facing severe competition in the global market from countries like Bangladesh, Vietnam, Cambodia apart from China. Foreign buyers are always keen to get quality product with competitiveness couples with delivery schedule, said M Shanmugham, President of the association.
Any further delay in delivering the products would force the buyers to categorise the Indian exporters as unreliable suppliers which would sound the death knell of the knitwear industry in the country, Shanmugham added.
Hugo Boss hires Oliver Timm as new chief sales officer
Hugo Boss has roped in Oliver Timm its new chief sales officer as chief executive Mark Langer will step aside to a consultative role later this month. Due to take up his role in January next year, Timm will be responsible for the German fashion brand’s own retail operations as well as its wholesale and ecommerce businesses. He has been working with PVH Corp for over 20 years, working his way up to chief commercial officer with responsibility for driving commercial strategies for Tommy Hilfiger and Calvin Klein across the EMEA region.
Meanwhile, Hugo Boss is also expanding its online store to an additional 22 countries, after stepping up investments as part of the retailer’s strategy to become ‘digital first.’ Soon, Canada, Mexico and India will soon join Hugo Boss’ online store portfolio list, making a total of 25 countries rolled out in 2020 and an overall online presence encompassing 40 countries.
Diesel to expand into sneaker market
Massimo Piombini, who took over as the new CEO of Diesel SpA in late January, plans to expand in the sneakers market to turn around the denim brand that had its heyday in the 1990s. The pandemic is accelerating the brand’s expansion plans as its 436 stores across the world remain unaffected. Diesel also now plans to set up flagship stores in a number of hub cities, from New York and London to Berlin and Tel Aviv.
A part of the OTB group, founded by the Italian fashion entrepreneur Renzo Rosso, Diesel remains by far the biggest brand, generating about €900 million ($1 billion) of the group’s €1.5 billion revenue last year. In the 1990s, it became one of the best known Italian-designed global lifestyle brands and helped push denim into a premium category for the first time.
The brand sells 700,000 sneakers a year and hopes to potentially quadruple that number. The company will also revamp its merchandising and marketing strategies besides accelerating its digital transformation.
COVID-19 impact, apparel sales decline across the globe
Though the stalled automotive sector has taken a toll on the global fiber market, declining apparel sales have made it more vulnerable to the ongoing global recession. Apparel sales in the US declined by almost 63 per cent year-on-year in May this year, following an 87 per cent decline in April. In the EU27, retail sales at specialist textile, apparel, footwear and leather goods stores declined by 55 per cent and 64 per cent in March and April, year-on-year. In Spain, these sales declined by 90 per cent in April, while in Sweden they declined by 38 per cent.
Plummeting sales hit retailers hard. In the US, five national companies with revenues in excess of $22billion in 2019 filed for Chapter 11 bankruptcy by the end of May. And global brands such as Gap and Inditex reported significant operating losses in Q1. From January to April, the value of apparel imports by the US declined by 19 per cent, year-on-year, and a massive 42 per cent in April alone. In Europe, apparel imports dropped by around 13 per cent in the first four months of the year, compared with the same period in 2019. In April alone, the decline was 38 per cent year-on-year.












