18th October 2021, Mumbai:

UNIQLO is a clothing apparel company, which was originally founded in Yamaguchi, Japan in 1949 as a textiles manufacturer.

Interestingly what has clearly supported the cause of Fast Retailing, owing fashion giant Uniqlo, China, and Asia-Pacific markets have conspicuously helped offset the not so strong its home Japanese market demand.

Its earnings to rise by 3% to hit another record high of 175 billion yen ($1.54 billion) in the year ending next August, is a good sign for this global group. Everything went from favorable revenue to rise by a similar extent to 2.2 trillion yen over the corresponding period.

What is reassuring is that Online numbers have also been in line with street expectations, with sales hiked by encouraging 20 percent in the period in question.

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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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15th October 2021, Mumbai:

Quite recently apex Bangladesh clothing trade body, The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have appealed & exhorted the government to look at seriously at this juncture measures to help workers with re-skilling, upskilling, new-skilling to cope up with fast-changing global trade landscape & reading the insightful trade, more particularly in the light of the Fourth Industrial Revolution (4IR).

BGMEA’s president Faruque Hassan is also believed to have pleaded & requested the ministry of labour and employment to work out efficiencies ways & means to use the central fund aiming at improving the business environment giving the right impetus to this sector post-Covid.

The timing is apt when Bangladesh needs to move the needle to get into the next growth phase to keep the flag flying.

Besides re-looking at the overall business environment both back home and emerging global trade dynamics in the RMG industry. There is a need to overhaul workplace safety and sustainable compliances in response to emerging regulatory challenges pandemic has thrown in the new paradigm.

TOP 5:

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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Germany-based legendary fashion retailer 'Hugo Boss' on Thursday revised its outlook for the calendar year as going is very encouraging and on the back of Q3 earnings rebound it has experienced and demand tailwind it is seeing in Europe and the Americas.

Q3 sales and EBIT stood at 755 million euros and 85 million, respectively, which is an impressive comparison v/s last year but also within quick comparison to pre Covid 2019 too.

Given the heightened consumer confidence & global synchronized economic recovery group now expects sales to grow by about 40% in 2021 on a currency-adjusted basis, v/s previous earlier target growth range of 30-35%.

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