Apparel, Fashion, Retail

Myntra Grows At Twice The Pace Of Indian Online Fashion Market

Textile Insights March 29, 2024

Myntra one of India’s biggest online fashion, beauty and lifestyle platform, claimed it has grown at nearly twice the pace of the fashion ecommerce market in India in the second half of 2023. “Integral to this market-leading growth has been a 33 percent surge in Monthly Active Users (MAU),

Apparel, Fashion, Retail

US Secondhand Garment Sales Grow Faster Than Traditional Retail

Textile Insights March 28, 2024

Secondhand apparel sales in the United States increased by 11 percent to US $43 billion in 2023, which is seven times faster than traditional garment retail sales and is forecast to reach $73 billion by 2028. This was the finding of a report titled ‘2024 Retail Resale Report’ released by ThredUp’s and conducted by third-party […]

Apparel, Fashion, Retail

Fast Retailing Closing 50 Uniqlo Unprofitable Stores In China

Textile Insights March 27, 2024

Fast Retailing, the owner of Uniqlo brand and retailer of apparels is planning to close 50 unprofitable stores in China. But at the same time the Japanese company also plans to open 80 new stores. This was disclosed by Takeshi Okazaki, Chief Financial Officer of Fast Retailing who said it will adjust its store-opening strategy […]

Apparel, Fashion, Retail

Italian Designer Eleonora Falcone Wins SHEIN X Global Challenge 2024

March 24, 2024

Eleonora Falcone from Italy emerged victorious among nearly 1,000 submissions from over 70 countries in the SHEIN X Global Challenge 2024, hosted by SHEIN, a renowned online fashion and lifestyle retailer. Her collection, named “GLOWMANTIC,” not only garnered significant public votes during the challenge but also impressed the judges, earning Eleonora the

Apparel, Fashion, Retail

Mango Surpasses €3 Billion Turnover, Unveils 4E Plan For Future Growth

March 24, 2024

Mango, a prominent European fashion group, achieved a historic milestone in 2023, surpassing a turnover of €3 billion for the first time. With a 15% increase compared to 2022, reaching €3.104 billion, Mango’s differential value proposition propelled its remarkable growth. This milestone marks the beginning of a new era of expansion, coinciding with the unveiling […]

Apparel, Fashion, Retail

Kontoor Brands Appoints Tom Waldron As COO

March 24, 2024

Kontoor Brands, a leading global lifestyle apparel company known for iconic brands like Wrangler and Lee, has appointed Tom Waldron as Chief Operating Officer, effective March 19, 2024. This strategic move aligns with Kontoor’s ongoing efforts to streamline operations and enhance efficiency under Project Jeanius. Scott Baxter, President, Chief Executive Officer, and

Apparel, Fashion, Retail

Reliance Retail’s Lee Cooper Enters Women’s Footwear Market

March 18, 2024

Lee Cooper, the iconic denim brand, hosted an exclusive “No Shoe Party” in Mumbai to announce the launch of its flagship women’s footwear collection. Lee Cooper, a Reliance Retail brand, announced its entry into the women’s footwear segment with a unique and immersive experience where attendees were encouraged to leave their shoes at the door […]

Apparel, Fashion, Retail

KPR Mill Has Rs 1,100 Crore Worth Apparel Orders In Hand

Textile Insights March 13, 2024

“Demand for both yarn and garments are good at Coimbatore based KPR Mill and it has in hand apparel orders totaling to Rs 1,100 crore,” MD P Nataraj said. “The order book is at an all time high now, and a lot of inquiries are going around,” KPR’s CFO PL Murugapppan, told analysts while discussing […]

Apparel, Fashion, Retail

India May Launch QR Code To Tackle Counterfeit Branded Apparel

Textile Insights March 12, 2024

India is looking to lay down norms in the form of QR codes to counter the menace of counterfeit products, mimicking names and labels of brands of apparels. The representatives from the garment industry stated that they’re ready to share available data on counterfeit products to aid better policymaking by the government. These entities met […]

Apparel, Fashion, Retail

UK’s Latest Budget Will Not Help Fashion Retail Industry: BRC

Textile Insights March 8, 2024

Responding to UK’s budgetary announcement, UK apparel retailers and trade bodies said the latest budget will not help the fashion retail industry. On the other hand the UK government claimed its latest budget delivers lower taxes and more investment. The British Retail Consortium (BRC) in a statement said the budget will do nothing for retailers […]