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Pahar Ganj, Delhi: Once a flourishing export market, now struggling to survive

Hundreds of shops in Pahar Ganj, Delhi (Main Road, Raj Guru Road and surrounding areas) with lavish garment samples hanging on the walls in first instance seem like a retail market, but in fact they are exporters, exporting mainly ladies garments and accessories. These shops catering to overseas boutique buyers are now decreasing in numbers day by day. Currently, this market is very low due to the weak international market, and only those having old […]

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Thread manufacturer Coats appoints new Non-Executive Director

Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, has roped in Frances Philip to join Coats Group plc Board as a Non-Executive Director, effective 1 October, 2016. Fran, who has over 30 years of apparel merchandising, product innovation and branding experience, is currently a Non-Executive Director of a number of US companies, including Vera Bradley, the accessories brand; Totes Isotoner, the accessories manufacturer; Pacific Sunwear of […]

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Online fashion retail market expanding like never before: Report

As per the latest report published by a market research firm Technavio, e-commerce market for fashion products is witnessing huge spending. Last year only, the US consumers spent US $ 92 billion on apparel, footwear and accessories, the report states. Commenting on the rising influence of e-shopping on consumers, Brijesh Kumar Choubey, Technavio’s Industry Analyst – Retail Goods and Services said, “With e-retailers providing more security features for online payments, free delivery, improved online customer […]

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Accessory players ‘hold their own’ among the technology providers at GTE

Amongst the milieu of technology, a small but significant segment at the GTE 2016 was the accessories booths which had many interesting products on display from threads to narrow fabrics to buttons to zippers to embellishments and even shopfloor furniture. Apparel Online presents some of the companies that displayed products at the event… “No factory can start without us” – Anand Furnishers Sitting among the machines and other technologies was Anand Furnishers, manufacturers of interior […]

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Chico’s reports drop in sales

Women’s wear retailer Chico’s FAS has reported plunge in sales in the fourth quarter ending January 30, 2016. In the period under review, the retailer reported a net loss of US $ 21.1 million on sales of US $ 627.4 million compared with a net loss of US $ 31.8 million on sales of US $ 656.9 million in the corresponding period last year. Sales at stores plunged by 3.2 per cent in the reporting […]

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Coats unveils 2015 full-year results

Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, has announced its unaudited results for the year ended 31 December 2015. As per the press release from the company, operating profit surged by 19 per cent to US $ 139 million on a like-for-like basis before exceptional items (13 per cent reported). Group operating margin increased by 130bps to 9.4 per cent (like-for-like); good growth in both […]

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Esprit posts loss in H1FY15

Apparel retailer Esprit has noted Loss in the first half of its fiscal. Sluggish Chinese market and a weak Euro have hit the company badly. Net loss at Esprit totalled HK $ 238 million for the six months ended in December last year, as against with a profit of HK $ 47 million a year earlier. Business dived to HK $ 9.3 billion from HK $ 10.7 billion. Besides, turnover at the company’s biggest market, […]

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Richemont to axe 350 employees

Swizz retailer Richemont is mulling over slashing around 350 jobs in Switzerland this year. A report quoted by Le Temps mentioned that “adjustment” was needed amid a “difficult” watch market, hit by a “significant” slowdown in the tourism in Europe post terror attacks in Paris last year, coupled with a stronger Swiss franc. The document also stated that the company would try to “limit the downsizing as far as possible” by relocating the affected employees […]

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EPCH goes global to promote Indian handicrafts

Export Promotion Council for Handicrafts (EPCH) is participating in ‘Spring Fair International’ NEC, Birmingham, UK from February 7-11, 2016. The fair is considered as one of the biggest international trade events dedicated to Children’s Gifts, Toys & Gadgets, Fashion Jewellery, Accessories & Luggage, Home & Volume, Jewellery & Accessories, etc. The show started in 1996 is being organized with a clear objective to focus on gifts, home, handicrafts and the handmade products with the view […]

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Burberry changing its fashion calendar

British fashion brand Burberry is uniting its men’s and women’s expositions together in two annual runway events. Burberry has made this move to enable its customers to buy clothes from collections soon after being presented at the shows. Christopher Bailey, Creative and Chief Executive Officer of Burberry said, “The changes we are making will allow us to build a closer connection between the experience that we create with our runway shows and the moment when […]

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Under Armour: Q4 Net Revenues up 31%

US-based apparel retailer Under Armour has reported that its net revenues zoomed 31 per cent to US $ 1.17 billion in the fourth quarter ended on December 31, 2015 compared with net revenues of US $ 895 million in the corresponding period last year. Operating income at Under Armour surged by 21 per cent in the period under review to US $ 178 million against US $ 146 million in the same period last year. […]

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Coach Inc. reports zoom in sales

Coach Inc., an American luxury fashion company, has reported that its quarterly sales surged for the first time in 10 quarters. Acquisition of luxury shoe brand Stuart Weitzman for US $ 574 million last year and robust demand in Europe and China are touted to be the reasons behind surge in sales. Besides, its net sales rose 4.5 per cent to US $ 1.273 billion. The handbag maker noted that demand for boots in the […]

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Intertextile Shanghai: Verve for Design area to be trendier than ever

The upcoming Spring Edition of Intertextile Shanghai Apparel Fabrics, which is scheduled to take place from March 16-18 at National Exhibition and Convention Centre, in Shanghai, China, is set to host Verve for Design, where design studios from across the globe will feature their original fabric pattern designs to the industry. Over the course of time, the fair has established itself as the key sourcing destination in Asia for the Spring/Summer season with a growing […]

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Indian luxury market to touch US $ 18.3 billion-mark this year: ASSOCHAM

According to The Associated Chambers of Commerce of India (ASSOCHAM), the Indian luxury market will grow at a CAGR (Compound Annual Growth Rate) of around 20 per cent to reach US $ 18.3 billion-mark by the end of 2016. Increase in disposable income, brand awareness and purchasing power of the upper class in Tier II & III cities in India will drive growth in the market. The report also mentions that High-Income Group (HIG) consumers […]

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Fujitsu launches washable UHF RFID tags

Innovative technology and front-end solutions provider, Fujitsu Frontech North America Inc. (FFNA) has developed a first-hand low cost Ultra-High Frequency (UHF) RFID tag for fashion, apparel and accessories industry. The RFID tag – WT-A522L is of the size of a typical shirt collar stay and almost unnoticeable even in the thinnest of garments. The tag is made from transparent materials, is washable, and provides protection to fashion designers and retailers against frauds. The fashion garment […]

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