Apparel, Fashion, Retail

Indian Fashion Retailers’ Margins To Slip 120bps In FY’24

Textile Insights September 23, 2023

Fashion retailers will report 120 bps slip in margins mainly due to offering higher discounts and hike in advertisement spends, despite expectations of 13 percent revenue growth in fiscal 2024. An ICRA analysis also informed that the industry is poised to face this margin squeeze primarily due

Apparel, Fashion, Retail

Poeticgem, A PDS Subsidiary, Acquires ‘Little Mistress’ Brand IP.

September 21, 2023

PDS Limited, a global fashion solutions company, is focused on expanding its portfolio with customized offerings, including sourcing as a service and brand management. In line with its strategy of adding value-accruing solutions to its offerings, it is pleased to announce that its UK-based vertical, Poeticgem, has acquired the brand intellectual property (IP) of Little

Apparel, Fashion, Retail

Apparel Sector May Get Boost From PM Vishwakarma Yojna

Textile Insights September 21, 2023

The Indian garment sector may get a boost from the recently announced PM Vishwakarma Yojna as it offers several benefits, suitable for specific needs of skilled artisans working in the clothing industry. The Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) welcomed the Vishwakarma Yojna and called it a momentous step that will bring […]

Apparel, Fashion, Retail

US Retail Sales Accelerate Driven By Gasoline & Apparel

Textile Insights September 21, 2023

US retail sales in August accelerated much faster than expected, strengthened by strong garment sales and a recovery in gasoline station sales. According to US Census Bureau data, petrol fuel pumps recorded the highest monthly rise in sales among major retail categories growing 5.2 percent month on month. “While sales of apparel and clothing accessories […]

Apparel, Fashion, Retail

Proposal Mooted For Tripartite Committee To Fix Yarn Prices

Textile Insights September 21, 2023

Tiruppur based garment exporters have suggested forming a tripartite committee made up of garment units, yarn mills and the state government to review and fix yarn prices for a three-month period, in a bid to overcome fluctuation of yarn prices. “Unstable cotton yarn prices are derailing deals of many garment units. While cotton prices change […]

Apparel, Fashion, Retail

A&E Sewing Threads Bag Gold Level C2C Certified Certificate

Textile Insights September 20, 2023

One of the biggest global sewing thread manufacturers American & Efird (A&E) said its two sustainable cotton thread products have bagged the Gold Level C2C Certified Material Health Certificate. Specially processed under best manufacturing practices, A&E’s new Anecot Plus SPC and Chroma SPC long staple cotton thread products are created with Cradle to Cradle

Apparel, Fashion, Retail

Mumbai’s Jio World Plaza Attracts Leading Luxury Retailers

September 17, 2023

Luxury brands like Gucci, Cartier and Louis Vuitton are signing leases for stores in Mukesh Ambani’s new Mumbai mall, Jio World Plaza, located within Reliance’s $1 billion business and cultural hub in Mumbai’s business district. Although Reliance has not disclosed tenant details, documents from CRE Matrix reveal brands owned by LVMH, Kering, Richemont,

Apparel, Fashion, Retail

Louis Philippe Premieres in Dubai’s Fashion Scene

September 15, 2023

Louis Philippe has announced its debut in the Middle East with the grand opening of its latest outlet in the U.A.E. This momentous occasion marks the beginning of Louis Philippe’s strategic expansion into the vibrant Middle Eastern fashion landscape, aiming to make its world-class products accessible to discerning consumers worldwide. Louis Philippe, an iconic

Apparel, Fashion, Retail

Mack Weldon Unveils Lifetime Odour Free Denim Jeans Line

Textile Insights September 14, 2023

US menswear brand, Mack Weldon released its Silver Denim collection, which is a first-of-its-kind Ionic+ silver infused denim, that will stay odour-free over the lifetime of the jeans, despite several washes. Mack Weldon’s Silver Denim collection was developed in collaboration with Cone Denim and Noble Biomaterials, inventor of the odour-blocking Ionic+ silver technology.

Apparel, Fashion, Retail

Linen Club Expanding Store Network To Smaller Cities

Textile Insights September 11, 2023

The textiles division of Grasim Industries is planning a significant expansion of its Linen Club brand stores, into smaller cities and towns by opening 100-120 retail stores over the next two years. The Aditya Birla Group company is aiming to tap into the potential growth of these smaller towns and cities, and thereby increase its […]