09 December 2021, Mumbai:

Encouraged by robust demand for apparel in the second half of 2021, the United States has continued to import more apparel than it did in 2020 and 2019. In October of this year, the United States imported $8.33 billion in clothes, a 20.40 percent increase over the same month in 2020 and a 20.55 percent increase over 2019.

Because increased demand and port bottlenecks are putting a lot of pressure on supply chains, retailers are opting for early imports during this Christmas season, the October to December quarter of 2021 is expected to outperform Q4'20 and Q4'19.

As a result, the most recent data from OTEXA backs up the early import forecasts. For the first time in the last three years, the value of garment imports into the United States exceeded $8 billion for three months in a row — August, September, and October. In August of this year, the country imported $8.07 billion in clothing, followed by $8.15 billion the following month. Keep an eye out for country-specific statistics.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 December 2021,  Mumbai:

It’s an age-old conundrum: Should companies take actions for the immediate benefit of shareholders or for the potential long-term good of the company itself?

Ideally, anything a company does should satisfy both but as we’re seeing in the new debate within the retail sector, that’s often not the case.

With the news over the weekend that activist hedge fund Engine Capital is asking Kohl’s to split off its e-commerce business into a separate entity, it marks the third retailing corporation to face this issue and there’s no reason to believe there won’t be more of this to come. Several retailers would appear to be immediately vulnerable.

Earlier this year Hudson’s Bay Co., which itself went private the year before, spun off its Saks Fifth Avenue e-commerce as part of the parent company’s efforts to create more value from its assets.

Amidst reports that it will seek to go public, the online unit is reporting sales up 80% versus a year ago and has achieved a valuation of about $2 billion, which is believed to be higher than the privately owned HBC, which also includes the Hudson’s Bay stores in addition to Saks itself and Saks Off Fifth outlet units.

Forbes (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 December 2021, Mumbai:

Picanol Group (Euronext: PIC) today announced the construction of a new head office in its hometown of Ieper (Belgium). The new building will house 450 employees and it will be erected on the company's current site, between its training center and the Zuiderring road.

The architectural design of the new headquarters - which will be shaped like a weaving shuttle - reflects Picanol's rich weaving machine manufacturing history. The building is a design by AAVO Architects and will have a floor area of 20,000 square meters, including a parking garage and a basement area of 7,500 square meters. With this project, Picanol Group is ensuring the sustainable anchoring of the group in Ieper.

Growth in recent years has meant that Picanol Group has struggled for some time with the lack of space at its current premises. With this in mind, a project was initiated to house some staff of Picanol and PsiControl (part of Picanol Group), as well as all group functions, in a single new office building. This new head office will consist of two floors, containing spacious reception areas for visitors, meeting rooms, an auditorium, and offices. The two oval-shaped upper floors will house offices, meeting rooms, a company cafeteria, and a roof terrace. Meanwhile, car and bicycle traffic will access the head office via a planned entrance/exit on the Zuiderring.

Sustainability focus

The building’s interior architecture is open and transparent with the aim of promoting collaboration between the company’s departments. Furthermore, the building will use the latest technology and materials to make it as sustainable and energy-friendly as possible. This will include the use of geothermal and solar energy. There will also be a green roof area and the building’s surroundings will be laid out according to the latest soft nature management insights.

Construction work in Ieper is planned to start in the second quarter of 2022. The work will take up to 2 years to complete, with the new head office scheduled to open in 2024.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 December 2021,  Mumbai:

The Etam group, leader in the French underwear and lingerie sector, and owner among others of Etam, Undiz, Maison 123 and Livy, has added a new string to its bow by creating a brand accelerator.

The ‘WedareLab’ support programme is designed to assist emerging French lingerie brands, by allowing them to tap the expertise and commercial fire-power of a long-established operator like the Etam group, founded in 1916. The first labels supported by WedareLab are swimwear specialist Albertine and Lolo Paris, a DNVB active in the bespoke lingerie sector.

“The [Etam] group's DNA has always been characterized by a propensity for innovation. We are keen to share our experience and to understand how others are adapting to the market.

Even as market leaders, we need to survey what is happening around us,” said Alexis Gurdjian, managing director of the Etam group since 2019.

WedareLab is targeted to brands that contribute to the industry’s evolution through their unique business model, their commitment to CSR practices and their willingness to transform lingerie codes.

The programme's beneficiaries, up to five brands for a period of six months (renewable once), will have at their disposal office space within Etam’s headquarters in Clichy, near Paris, as well as access to company infrastructure, like the group's warehouses around Paris and its Tech Centre in northern France, where prototypes are developed. The beneficiaries will also be given advice on some of the group’s business connections, whether suppliers (450 manufacturers in over 20 countries), sourcing offices or other commercial partners, from import/export companies to marketplaces and retailers. The programme also features tailor-made consulting sessions by the staff of Etam’s various departments, chosen depending on the participating brands’ needs.

For example, Albertine will be advised on “prototyping, logistics, sourcing and e-commerce,” said Gurdjian, while Lolo Paris will receive tailored support in the fields of prototyping, financial management and marketing. “We will also allow this emerging brand to use a Parisian showroom, within the offices the Etam group has recently opened at [sustainable fashion incubator] La Caserne,” added Gurdjian.

Commercially, the participants will have the opportunity of showcasing their products on the Etam e-shop, with 2 million unique monthly visitors, and to open pop-up shops within some of the group's stores. A visibility opportunity for these emerging labels, and a way for Etam to diversify by broadening the range of products available for its customers.

“This is a winning solution for both parties. We offer development assistance to these brands, and through this support the group’s staff will be exposed to new ways of working, and will engage with innovative, emerging industry players,” said Gurdjian.

In order to access WedareLab, applicants will need to be active in the lingerie, homewear, swimwear or beachwear sectors, and have already commercialised a minimum of two collections.

The engagement levels of their social media communities will also be assessed. If any of the programme participants were to need funding, and were open to having financial partners, the Etam group doesn't rule out the possibility of investing in a minority stake. Though of course this will not be a regular occurrence.

The Etam group operates over 1,400 monobrand stores in 55 countries, and in 2019 it added to its brand portfolio by acquiring lingerie brand Ysé.

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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06 December 2021,  Mumbai:

Bangladesh's export earnings in the first five months of the current 2021-22 fiscal year grew 24.29 percent year-on-year to nearly $20 billion.

Bangladesh's export earnings in the first five months of the current 2021-22 fiscal year (July 2021-June 2022) grew 24.29 percent year-on-year to nearly $20 billion, according to the latest official data.

The Export Promotion Bureau (EPB) data posted on its website showed Bangladesh earned more than $19.79 billion from exports in the July-November period, compared to $15.92 billion a year earlier, reports Xinhua news agency.

Of the total earnings, the EPB data showed the country's income from ready-made knitwear and woven garment items surged 22.97 percent to $15.86 billion during the cited period.

In the first five months, the EPB data showed knitwear garment exports increased by 25.91 percent to $8.99 billion while woven garments grew 19.32 percent to $6.87 billion, compared with the same period of last fiscal year.

Business Standard (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 December 2021, Mumbai:

Building on a strong SS22 season, Copenhagen Fashion Week unveils an ambitious line up for the upcoming season, held from 1-4 February 2021.

The AW22 season of Copenhagen Fashion Week will boast a brand lineup of 35 celebrated names, including rising talents like A. Roege Hove and (di)vision, who will showcase alongside internationally renowned Nordic brands including Ganni, Stine Goya, Holzweiler, Saks Potts, and Marimekko.

The AW22 edition will also see a welcome return to the likes of Martin Asbjørn and Wood Wood. Furthermore, it is exciting to welcome Jade Cropper as the winner of this season's Talent Slot, who will present for the first time as part of Copenhagen Fashion Week. For the third season of the Zalando Sustainability Award, Iso.Poetism by Tobias Birk Nielsen, Fassbender and Tomorrow Denim will present their collections as finalists, with the winner announced during the AW22 edition. The vast majority of all brands on the schedule are planning to showcase physically, with live streams of all showcases available to watch.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 December 2021,  Mumbai:

Lanvin is making a change at the top. A year after leaving Versace to become the Parisian label's deputy CEO, Arnaud Bazin has been dismissed.

Lanvin, owned by the fashion and luxury division of giant Chinese conglomerate Fosun International, recently rechristened Lanvin Group, said that Bazin will be replaced at the end of the year by Siddhartha Shukla, an Asian-American executive and luxury expert who has been appointed deputy general manager.

“Based in Paris, Shukla will oversee Lanvin’s global expansion, concentrating on commercial development, product strategy, digital excellence and brand positioning initiatives,” said Lanvin in a press release, indicating that Shukla will work alongside fellow deputy GM Grace Zhao, who is in charge of Lanvin’s business in China and the Asia-Pacific region, and will report to the label’s and the Lanvin Group’s president, Joann Cheng, as the group continues to operate with twin headquarters in Paris and Shanghai.

“Throughout his career, Siddhartha Shukla has been at the forefront in business transformation, product innovation, and brand marketing, questioning the status quo and paving the way for fresh growth opportunities.

His in-depth knowledge of the sector, his diverse career, both with century-old luxury houses and in the contemporary segment, and his global vision, make him the ideal leader for Lanvin,” said Cheng.

Fashion Network (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage