American Eagle’s comparable sales in the latest quarter fell six per cent from a year ago. The brand’s priorities are adjusting its assortments and rightsizing inventory.
Other retailers including Walmart, Target, Gap and Kohl’s face similar problems with bloated inventories... Read more
India’s upbeat export figures weren’t immune to the pandemic outbreak and Russo-Ukrainian conflict. Last month, exports recorded a decline of 1.15 per cent year-on-year. The worst hit were cotton yarn, fabrics and handloom products which experienced negative growth of nearly 33 per cent.
Weak... Read more
Centrestage is being held in Hong Kong, September 9 to 11, 2022.
This is Asia's premier fashion event being organised by the Hong Kong Trade Development Council (HKTDC). A number of renowned and emerging fashion brands from Hong Kong and overseas are presenting their spring/summer 2023 collec... Read more
A two-year long pandemic followed by an ongoing war has shaken the global economy. Inflation, economic volatility seems like the new norm as consumers worldwide rethink purchase of non-essentials. In the global apparel reselling sector, the emerging picture is many shades of grey. Are apparel resellers di... Read more
India has the potential to be one of the world’s largest exporters.
The value of festival goods and accessories sent by sea to the US in August 2022 from India was roughly three times what it was at the same time last year.
Even though China exports a sizable portion of Christmas déco... Read more
Euromonitor International’s latest research shows, future prospects for global luxury goods and fashion industry appear bright despite current political and economic instability and the ongoing global pandemic. Key players continue to navigate challenges by reassessing their priorities and ope... Read more
With shoppers trading their skinny jeans and fitted suits for wide-legged trousers, loose-fitted tees and casual attire, menswear business is booming across the globe. As per a Business of Fashion report, the category grew 40 per cent compared to the same period last year at London-based luxury retailer M... Read more
Adidas, the mega German manufacturer of athletic shoes, apparels and sporting goods is currently floundering in post-pandemic murky waters of China. In the second quarter of 2022, Adidas observed a revenue drop of 35 per cent in China market while dragging operating profits down 28 per cent and net sales ... Read more
he Indian fashion market has seen many changes after the pandemic, and one of the most prominent has been the sharp rise of private labels in both online and offline retail. These two advantages of high availability and cheaper pricing than national brands, have made private-label products con... Read more
With a massive 84 per cent contribution to total exports earnings of Bangladesh, the readymade garment (RMG) sector witnessed depreciation in the just-ended fiscal year (FY) 2021-22. As per a Textile Today report, Bangladesh’s RMG exports totaled $42.61 million in FY 2021-22 while import of textile ... Read more
Falling demand in home country is leading to US clothing retailers including Walmart, Target, The Children’s Place, Costco, TJX and Kohl’s cancelling orders placed with apparel manufacturers in Bangladesh. Few buyers are also deferring shipments with most planning to reduce dependence on... Read more