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Spykar to expand its womenswear segment

Spykar, Indian apparel brand which is known for its men’s casual wear, especially in denims that contributes approximately 82 per cent in its turnover, is now planning to grab more in womenswear casual segment which accounts for nearly 12 per cent. The new womenswear range will denim centric and include skirts, tops, dresses and shirts. Sanjay Vakharia, COO, Spykar, underlined “We are looking to increase the share of womenswear to 20-22 per cent of our […]

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Bebe Stores may shut all of its stores

Bebe Stores, a global specialty retailer which designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, is planning to shut its brick-and-mortar business and seek a turnaround as an online brand. Currently operating 170 boutiques and outlet stores, the apparel brand is trying to close the locations without filing for bankruptcy. Bebe would become the latest apparel retailer to shed brick-and-mortar stores and hitch its fortunes to e-commerce. However, unlike many retailers, […]

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Nordstrom selects Infor to support POS

Nordstrom Inc., the US-based leading fashion specialty retailer, has selected Infor Rhythm for Commerce to support the company’s point-of-sale (POS) system in the cloud. With Infor, Nordstrom will be better able to engage its growing customer base and fulfil cross-channel functionality promises. “It’s crucial that we have the right technology in place today and in the future to improve our customer experience. We’re excited to move forward with Infor’s cloud-based platform as it aligns well with our current […]

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Coachella Festival sues Urban Outfitters over trademark breach

The Coachella Valley Music and Arts Festival has sued Urban Outfitters for alleged trademark infringement as Free People, a subsidiary of apparel retailer Urban Outfitters is using “Coachella” in the product name or description. These include Free People’s “Coachella Boot,” “Coachella Mini Dress,” “Coachella Pocket Tank” and “Coachella Valley Tunic”. As per the complaint, Urban Outfitters uses “Coachella” as a keyword to trigger online advertising and in the meta-data on its own website, intentionally misdirecting […]

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New York & Company plans to double Eva Mendes business

New York & Company Inc., a leading women apparel chain with 483 retail stores, has announced to expand Eva Mendes Collection to over 50 shop-in-shops and 19 Eva Mendes boutiques, in addition to a very strong online business. Additionally, it has also decided to start six New York & Company stores in the upcoming months, all offering an extended assortment of Eva’s eponymous collection. “We marked an extraordinary milestone with Eva this past year, achieving […]

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Kering appoints Fabrizio Malverdi as Brioni CEO

Menswear couture house Brioni has appointed Fabrizio Malverdi as the CEO of Brioni, effective 18 April, 2017. He will replace Gianluca Flore, who left the Group in February 2017. Fabrizio Malverdi has held management positions in luxury companies including Dior Homme, Givenchy and John Galliano. He will be assigned to accelerate the international expansion of one of the most prestigious houses in the high-end menswear market, which follows in the long tradition of Italian tailors. […]

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Gerry Weber taps sales plunge

Gerry Weber International, Germany-based fashion retailer and manufacturer, has announced its financial results for the first quarter of 2017. The fashion brand noticed a decrease of 2.1 per cent in its sales revenue to € 209.2 million, and reported flat net earnings in the said period. Sales at core brands of the company: Gerry Weber, Taifun and Samoon registered fall of 2.4 per cent. Gerry Weber brand’s core wholesale segment however booked sale of 11.1 […]

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Fashion retailer New York & Company reports drop in sales

New York & Company, a specialty apparel chain, has declared results for the fourth quarter and fiscal year ended January 28, 2017. During the fourth quarter, net sales were US $ 266.3 million, which included US $ 5.4 million of royalty and related revenue from the new private label credit card agreement, as compared to US $ 271.3 million in the prior year. Comparable store sales decreased 0.4 per cent as an increase in the […]

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Neiman Marcus posts loss in second quarter

American luxury fashion retailer Neiman Marcus Group has announced financial results for the second quarter ended January 28, 2017 and it also hinted to introduce some changes including a sale or a change in capital structure. During the period under review, the retailer noted a decrease of 6.1 per cent and managed to achieve total revenue of US $ 1.40 billion compared to US $ 1.49 billion for the same period in corresponding period last […]

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Tilly’s reports surge in net sales

Tilly’s, a leading destination specialty retailer of West Coast inspired apparel, footwear and accessories with an extensive assortment of the most relevant and sought-after brands rooted in action sports, music, art and fashion, has announced its financial results for the fourth quarter and full year ended January 28, 2017. During the quarter under review, total net sales were US $ 160.2 million, an increase of 0.7 per cent from US $ 159.1 million last year […]

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M&S leads on Corporate Human Rights Benchmark

UK-based clothing retailer, Marks and Spencer has topped The Corporate Human Rights Benchmark (CHRB) ranking companies on their performance against human rights. CHRB rated the human rights performance of 98 companies and the top performing companies against the benchmark, including names like Adidas and H&M as well. Companies in the middle and lower bands of the benchmark should demonstrate their respect for human rights and seek to emulate the best practice of industry leaders; and […]

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KappAhl makes changes in management

Swedish fashion retailer KappAhl has decided to appoint President and CEO, Danny Feltmann as Vice President – Customer Experience, a newly created role in the company as it carries out a reorganization that involves the merging of marketing and retail functions. “The new position will be held by President and CEO, Danny Feltmann, during the introduction of the new organization. The current Vice President Marketing, Joakim Holmstrand, will leave the company in August 2017,” reads […]

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H&M notes Rs. 446 crore revenue from India operations

Swedish fashion brand H&M has noted revenue of Rs. 446 crore in 2016 fiscal from its 12 functional stores in the Indian market. The global apparel retailer,as of now,has three outlets in Mumbai, four in New Delhi, three in Pune, and one in Mohali, Chandigrah. It had opened a store in Chennailast year which has also witnessed success, especially in women’s category. Following the suit, the brand is planning to open new store in Hyderabad […]

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Macy’s aims to streamline store portfolio and intensify cost-efficiency efforts

Despite recent reports that the industry’s holiday season was shaping up to top previous estimates due to success driven by strong online sales and a burst of last-minute purchase, this didn’t help a lot of retailers who couldn’t tide through the storm. One such retailer is Macy’s whose shares tumbled more than 9 per cent after it posted disappointing holiday sales, releasing a list of 68 of the 100 stores that it plans to close. […]

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C&A Foundation launches ‘Fashion for Good’ initiative

Global fashion retailer C&A’s charitable arm, C&A Foundation has launched a global initiative aimed at helping brands, retailers and manufacturers find more innovative and sustainable ways of producing fashion. ‘Fashion for Good’ is a joint-industry initiative involving Sustainable Apparel Coalition (SAC), Ellen MacArthur Foundation and IDH, and Sustainable Trade Initiative. The initiative offers practical action in the form of support, funding and roadmaps, and by fostering a sector-wide collaboration rather than competition and aims to […]

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