INSIGHTSIn the first quarter of fiscal 2024, six global fashion firms reported their financial outcomes with varying degrees of success.Ralph Lauren and Goldwin Inc showcased strong growth in both sales and profits.Meanwhile, Gunze, V Mart Retail, ABFRL, and Cantabil demonstrated moderate performance, with growth witnessed in either sales or profits.

INSIGHTSThe Circular Fashion Innovation Network (CFIN) has been launched by UKFT, the British Fashion Council (BFC), and UK Research and Innovation (UKRI) with a two-year goal to promote circularity in the UK fashion and textile industry.Despite the UK fashion industry's significant contribution to the GDP, it faces challenges with high consumption, low usage, and waste.The UK Fashion & Textile Association (UKFT), the British Fashion Council (BFC) and UK Research and Innovation (UKRI) ha

Over the past decade, the global apparel industry has undergone remarkable expansion and evolution. With its reputation for producing high-quality garments and employing skilled workers, the industry has become a significant contributor to numerous economies. In fact, in 2021, the global apparel market was valued at approximately $1.5 trillion.However, despite its enormous size, the rapid growth and constantly changing consumer demands have presented numerous challenges for the industry.In this

INSIGHTSPuma has announced a partnership with Lemlem, an African ready-to-wear brand founded by Liya Kebede.The collection blends Lemlem's bold aesthetics with Puma's sportswear innovation, featuring apparel and footwear like the Puma x Lemlem PWR XX Nitro shoe and Low Impact Bra.Sustainability is a focus, using fabrics with at least 20 per cent recycled materials.Global sports brand Puma has announced a first-of-its-kind collaboration with Lemlem, the ready to wear and swimwear brand ma

INSIGHTSHermès has opened its new store in Los Angeles at Westfield Topanga, the thirty-fifth in the US.The store's design draws inspiration from the surrounding nature, featuring elements reminiscent of Topanga State Park.Divided into four areas, it showcases Hermès' sixteen métiers, including women's silk, leather goods, fashion jewellery, and homeware.The Parisian saddler Hermès has inaugurated its new address in Los Angeles, at Westfield Topanga. Surrounded by stunning panoramas,

Over the past decade, the global apparel industry has undergone remarkable expansion and evolution. With its reputation for producing high-quality garments and employing skilled workers, the industry has become a significant contributor to numerous economies. In fact, in 2021, the global apparel market was valued at approximately $1.5 trillion.However, despite its enormous size, the rapid growth and constantly changing consumer demands have presented numerous challenges for the industry.In this

INSIGHTSUK brands, designers and retailers feel it is their responsibility to support customers in making considered purchases and to maximise the use of their existing clothes, says a new insights report by the British Fashion Council and Vanish.Overall, circular and sharing business models that enable the re-use of existing garments was preferred over recycling.UK brands, designers and retailers feel it is their responsibility to support customers in making considered purchases and to maximise

INSIGHTSUK's LFL sales in June 2023 saw a 1.9 per cent growth, with physical store sales up 5.1 per cent.Fashion LFLs rose 3 per cent, with in-store sales up 12.3 per cent in the first week.Homeware sales fell 0.6 per cent, despite a 5.4 per cent increase in non-store sales.Lifestyle LFL sales grew by 2.3 per cent, with a 7.17 per cent surge in the final week.UK’s fashion Like-for-like (LFL) sales grew by 3 per cent in June 2023, building on a healthy base of 15.2 per cent last year, accordi

Denim was invented over 150 years ago — and the question of how and when to wash the garments has been around for almost just as long.But a denim expert has finally revealed how often we should be washing our jeans.Levi’s design director Paul O’Neill has revealed the perfect amount of time in between jean washes.Figure: Denim expert has finally revealed how often we should be washing our jeans.O’Neill said toAustralian Financial Review(AFR), that while many people choose to never wash their jean

INSIGHTSThe consumer price index (CPI) for clothing and footwear in Italy rose by 0.3 per cent month-on-month and by 3.3 per cent year-on-year in May this year.The rate of change of the CPI for the whole nation in May was 0.3 per cent on monthly basis and 7.6 per cent on annual basis.The slowdown was mainly due to the prices of non-regulated energy products.The consumer price index (CPI) for clothing and footwear in Italy saw a 0.3 per cent month-on-month (MoM) rise and a 3.3 per cent year-on-ye