Garment export might make a full recovery to pre-pandemic levels by October this year as shipments are rebounding with the reopening of Western retail stores. “The trend of garment shipment is good with the rise in demand in the Western world,” said Faruque Hassan, president of the Bangladesh Garment […]

Yandex, the so-called ‘Google of Russia’, has announced it has agreed to buy online fashion retailer KupiVIP. The deal will be completed after the summer. Yandex will buy and then integrate online clothing store KupiVIP into Yandex.Market, the company said in a statement Monday. The deal should be completed […]

ANALYSIS Unlike other e-commerce operators, About You hasn’t been able to capitalise on the online shopping boom brought by the pandemic. With their recently announced initial public offering of shares (IPO), the German retailer expects to be perceived as “a recovery play” by investors. “We were not […]

Unify diverse data and insights with the new intelligent operating platform designed to drive improved shopper experiences and retail outcomes Johnson Controls, a global leader for smart and sustainable buildings, and the architect of OpenBlue connected solutions, today announced that Sensormatic Solutions, […]

Image: Clean Clothes Campaign The Bangladesh on Fire and Building Safety Accord, which was set to expire on May 31 2021, has been extended for another three months. The accord is a legally binding pact signed by more than 200 fashion companies that aims to improve factory safety for workers following […]

Image: Diesel logo by Bledard92 via Wikimedia Commons Italy is not likely to see the formation of a new luxury group, which is perhaps not in the DNA of the country’s majority family-owned businesses. “I don’t think there will ever be a large luxury group in Italy. I don’t see any aggregations, said […]

Mexico has blasted major clothing brands Zara, Anthropologie and Patowl for using patterns and other elements of Mexican indigenous textiles in their collections without permission, the ministry of culture said Friday. The ministry has sent letters to the three labels asking them to publicly clarify […]

Antoine Arnault joining the Change Now Summit virtually / LVMH At the recent ChangeNOW Summit, which took place virtually from 27th to 29th May, Antoine Arnault, responsible for image and environment at LVMH, presented the French luxury group’s commitment to supporting a circular economy. Its approach, […]

Image: Ryka, Facebook Caleres net sales for the first quarter were 638.6 million dollars, up 60.8 percent from the first quarter of fiscal 2020. The company reported 108.2 percent sales increase in the Famous Footwear segment and 15.2 percent sales increase in the Brand Portfolio segment. Total company […]

The fashionable and comfortable medical apparel company went public last week, reaching a market valuation of circa 6 billion dollars. FIGS is taking the stock market by storm, not only due to its successful debut on the trading floor, but also for being the first company issuing an initial public offering […]

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