Apparel Resources

Fashion brand LPP’s VP resigns

Apparel Resources News-Desk — Sat, 19 Oct 2024 13:30:40 +0000

Przemysław Lutkiewicz, the Vice President (VP) of Polish fashion brand LPP, has announced his departure from the position owing to health concerns. According to sources, Marek Piechocki, the CEO of the company, plans to propose Marcin Bójko, the current financial director, for the role of new vice president. “Although it was difficult to accept Przemysław […]

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Showroomprivé incurs declining sales by 7.9 per cent in Q3

Apparel Resources News-Desk — Sat, 19 Oct 2024 13:03:41 +0000

During the first nine months of 2024, the French e-commerce firm Showroomprivé had a gross merchandise value (GMV) of US $ 764.27 million, a 0.7 per cent decrease in GMV, and a sharp 5.1 per cent reduction in sales. Sales for the same quarter were down 7.9 per cent at US $ 139.92 million, while […]

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Adidas appoints head of global sales

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:48:03 +0000

With effect from 1st November 2024, Mathieu Sidokpohou has been appointed by the company’s supervisory board to succeed Arthur Hoeld as the executive board member in charge of Adidas’ global sales. In 2020, Sidokpohou, a French national, became general manager of Adidas France. Before assuming the role of managing director for Europe in 2023, he […]

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N Brown to cut 100 head office jobs amid Alliance buyout

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:38:17 +0000

As it is ready to be taken private by the Alliance family, N Brown Group plans to eliminate over 100 positions at its Manchester headquarters. According to Drapers, a consultation process involving some 200 employees at its Manchester head office in the Northern Quarter is thought to have started last month. According to the owner […]

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Global Fashion Group raises full-year outlook

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:31:20 +0000

Global Fashion Group (GFG) increased its full-year outlook, stating that it anticipates exceeding the March adjusted EBITDA projection of negative US $ 27.19 million-US $ 48.94 million to negative US $ 17.4-US $ 30.45 million. According to a press release from the company, the improvement in overall performance due to improved customer demand patterns is […]

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Lacoste partners with DRESSX to launch a digital store on Snapchat

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:25:46 +0000

Lacoste launches a digital fashion store on Snapchat, collaborating with DRESSX to offer Bitmoji users the chance to dress their avatars in iconic Lacoste styles. The collection includes L.12.12 polo shirts, V-neck sweaters, bold color-block designs, and other signature looks, bringing the brand’s fashion heritage into the digital realm. This initiative follows Lacoste’s recent ventures […]

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Menswear brand Mufti launches new outlet in Raipur

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:15:31 +0000

Indian menswear brand Mufti inaugurates its new store at Raipur’s Ambuja Mall as it marches forward with its expansion plans. Mufti is popularly known for its casualwear collections and pioneering alternative fashion trends for their audience. The new store will meet the style needs of today’s men, offering a wide range of products including casual […]

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Brunello Cucinelli records a 9.2 per cent spike in revenue

Apparel Resources News-Desk — Sat, 19 Oct 2024 11:53:49 +0000

Fashion brand Brunello Cucinelli has reported a turnover of US $ 1000.55 million for the first time in 9 months. The growth is 12.4 per cent at current exchange rates and 12.7 per cent at fixed exchange rates. The company also recorded a turnover of US $ 326.26 million in its third quarter which is […]

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Tirupur Exporters’ Association meets with Chief Commissioner of Customs

Apparel Resources News-Desk — Sat, 19 Oct 2024 11:23:03 +0000

Dr. A. Sakthivel, the Tirupur Exporters’ Association’s (TEA) founder and honorary chairman, organised an interaction meeting with Chief Commissioner of Customs S.K. Vimalanathan IRS and Additional Commissioner of Customs Vijay Vel Krishna IRS at the TEA Office. Participants included representatives of member companies, Dr. A. Sakthivel, the Association’s President K. M. Subramanian, General Secretary N. […]

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Levi Strauss signs Pakistan safety accord, urged to extend commitment to Bangladesh

Apparel Resources News-Desk — Sat, 19 Oct 2024 11:12:39 +0000

By signing the International Accord for Health and Safety in the Textile and Garment Industry, American denim company Levi Strauss & Co. has made a major contribution to improving workplace safety for garment workers in Pakistan. But now, advocacy organisations are urging the business to make the same pledge in Bangladesh. Levi’s decision to join […]

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Vietnamese fashion retailers struggle as local market floods with low-cost Chinese products

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:55:10 +0000

The influx of inexpensive clothing and accessories from Chinese e-commerce sites like Temu, Taobao, and 1688 is putting more and more pressure on Vietnamese fashion businesses. Many local firms are finding it difficult to compete on price and quality as a result of this inflow. Affordable options are attracting more and more Vietnamese consumers, as […]

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IAF and ITC launch ‘Shared Risk/Reward’ model to transform fashion supply chains

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:45:54 +0000

A new report on a “shared risk/reward” approach intended to improve supply chain flexibility, sustainability, and financial productivity in the fashion sector will be released by the International Apparel Federation (IAF) and the International Trade Centre (ITC). On 31st October, a webinar will be held to present the report, which is titled Under the Banyan […]

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Surging logistics costs escalate business expenses in Bangladesh

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:30:01 +0000

The cost of conducting business in Bangladesh is rising dramatically due to rising logistics expenses, which is discouraging both domestic and foreign businesses. In order to improve financial planning, stakeholders are requesting that the government lay out predictable spending for each sector. According to company executives, investors find it challenging to make precise cost estimates […]

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Giorgio Armani presents his Spring 2025 collection in New York

Apparel Resources News-Desk — Sat, 19 Oct 2024 09:57:21 +0000

Giorgio Armani presented his main line outside of Italy and off the traditional Milan Fashion Week calendar, with his spring 2025 collection. The designer calls the line ‘In Viaggio’ (On a Journey) paying tribute to the city embodying the collective dream. The show was held at the Park Avenue Armory, opening with a female model […]

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Decathlon Pulse partners with Unspun to bring 3D weaving technology

Apparel Resources News-Desk — Sat, 19 Oct 2024 09:46:56 +0000

Decathlon have partnered with Unspun to invest in 3D weaving technology to secure European supply through 2030. The move aims to establish Unspun’s Vega 3D weaving machines to support local, low-waste production. The partnership follows unspun’s recent US $ 32 million Series B funding and its collaboration with Walmart to expand Vega technology in […]

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Anamika Khanna and Rahul Mishra partner with Saks for US debut

Apparel Resources News-Desk — Sat, 19 Oct 2024 09:40:21 +0000

Anamika Khanna and Rahul Mishra partner with the American luxury retailer Saks to retail their labels in the US market. The partnership brings Khanna’s AK|OK and Mishra’s AFEW labels to Saks’ website and select Saks Fifth Avenue stores, showcasing their latest collections. Tracy Margolies, CMO at Saks, highlighted that partnering with Mishra and Khanna offers […]

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Mass casualisation to help fuel Foot Locker growth in India, says global chief

Apparel Resources News-Desk — Sat, 19 Oct 2024 08:22:26 +0000

Mary Dillon, the Global Chief Executive of Foot Locker, has stated that Indians are moving beyond merely having a culture of sports shoes and are increasingly requesting sneakers like Jordans and Samba, following a trend observed in the US and China many years ago. With a long-term licensing agreement, the New York-based athletic retailer Foot […]

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Crisil report states trade outlook uncertain despite export recovery signs

Apparel Resources News-Desk — Sat, 19 Oct 2024 08:10:54 +0000

The forecast for merchandise trade is uncertain due to issues including container shortages and geopolitical worries, even if September’s export growth showed indications of improvement, according to a Crisil analysis. A rise in Chinese exports to Asian markets, particularly India, could result from the US’s increased tariffs on Chinese imports, which raises concerns about the […]

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Chittagong chamber calls for streamlined visa processes to enhance trade with the Philippines

Apparel Resources News-Desk — Sat, 19 Oct 2024 07:08:00 +0000

The Chittagong Chamber of Commerce’s administrator, Muhammad Anwar Pasha, stressed the importance of streamlining visa procedures in order to improve commercial and investment ties with the Philippines. He made these comments in the Chamber’s World Trade Centre office while meeting with R. Gutierrez, the Philippine Embassy’s Third Secretary and Vice Consul. Pasha emphasised Bangladesh’s notable […]

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Sonar Madina Spinning Mills invests in energy efficiency and sustainability

Apparel Resources News-Desk — Sat, 19 Oct 2024 07:03:17 +0000

Sonar Madina Spinning Mills Limited, one of Bangladesh’s biggest manufacturers of 100% export-oriented yarn, is spearheading the revolution in the spinning sector in a major step towards increased sustainability and energy efficiency. Sonar Madina’s most recent investment demonstrates a dedication to both quality and the environment as local business owners expand production capacities and set […]

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