Asia biggest fashion retailer Uniqlo has plans to double its store count in India and raise it to 28-30 stores from the present 13 outlets it operates in the India. “Uniqlo currently operates 13 stores in India and plans to open about 28-30 stores in the next three years,” a source told India
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), rising from 45 million in 2021 […]
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 […]
Aditya Birla Fashion and Retail Ltd. (ABFRL) will partner Ingenuity, an ecommerce solution provider to launch Jaypore, an ABRFL brand in the US market. This collaboration is geared towards enabling the Aditya Birla Group company to expand its direct-to-consumer (DTC) presence on a global level. Jaypore is an artisanal lifestyle brand that offers curated collections […]
US based retailer Target has unveiled a new budget brand that will offer shoppers low-cost clothes, electronics, beauty products, and home items. “Dealworthy, the brand will feature nearly 400 everyday basics, with most items under $10 and some costing less than $1,” Target said in a press release. The range will include items such as […]
A recent survey of fashion brands and retail executives informs that a mind boggling 88 percent of those surveyed said their companies want to eliminate all plastics in packaging. The study, released by Aquapak Polymers Ltd. and conducted by PureProfile, was based on surveys done with 100 executives in the UK, US and Australia. Researchers […]
Students of the National Institute of Fashion Technology (NIFT) Gandhinagar have taken a groundbreaking leap by incorporating thermochromic and photochromic technologies into garments. The Textile Design (TD) course unveiled swaddling clothes, military fatigues, children’s games, and even curtains that feature these cutting-edge technologies. Thermochromic is a fabric
Spanish fashion brand Mango is celebrating 40 years since its story began with the opening of its first store in Barcelona. The brand also expects to close the 2023 financial year with record sales and with a turnover in excess of €3 billion as against the earlier record sales of €2.68 billion in 2022. During […]
Singapore headquartered but originally China based fast fashion retailer Shein, has plans to launch an initial public offering next year with listing at the New York stock exchange. But the brand which still has manufacturing facilities in China faces allegations that its products contain cotton from Xinjiang province, a province which is accused of using […]
A meeting of various Indian textile research associations and other government departments is being organised on November 10 to discuss the issue of ‘One Nation. One Police Uniform’ suggested by PM Modi one year back. Following the idea mooted by PM Modi, the Ministry of Home Affairs had formed a panel of various government departments […]