Retail executives looking to understand the future of retail should take a close look at Asia, where retail is booming as Asia is leading in terms of retail growth. The growth rates are twice the rate of the rest of the world, and e-retail growing at three times the rate. Asia is followed by Europe and the US, with China, Korea, and India at the forefront. In 2017, China’s online retail penetration was 20 per cent and its CAGR (13-17) was 33 per cent. In comparison, the US achieved an onlin

Courtesy: Cone Denim Cone Denim, a global leader in denim, has partnered with Archroma as an early adopter of its One Way sustainability service as part of Cone’s continued efforts to expand sustainability solutions and innovation to customers. Cone Denim continually strives to reduce its environmental footprint and produce the most innovative, socially responsible denims. One Way is a unique service and tool developed by Archroma that helps mills and brand owners to evaluate and quantify th

Courtesy: UNCTAD Smoothing the way for African trade is critical if the continent has to tackle the challenges posed by fast-shifting patterns of global commerce, United Nations Conference on Trade and Development (UNCTAD) secretary general Mukhisa Kituyi said recently in Addis Ababa. He was in Ethiopia for the first African Forum for National Trade Facilitation Committees. The forum at the UN Economic Commission for Africa (UNECA) discussed how to reduce trade hurdles in the continent. I

Courtesy: PR Web Canadian company Myant has launched on Kickstarter SKIINCore, a smart, discreet and wire-free heated base layer that keeps men and women warm in all the right places while ensuring flexibility and style. Kickstarter is a Brooklyn-based US public-benefit corporation that maintains a global crowd-funding platform focused on creativity and merchandising. SKIINCore learns the wearer’s optimal temperature the more he wears it and automatically adapts to deliver heat at his optim

Courtesy: Columbia Sportswear Columbia Sportswear Company, a leading innovator in active outdoor apparel, footwear, accessories and equipment, has appointed John Soh as vice president and general manager of China, effective mid-February 2019, after the Chinese lunar new year. In his new role Soh will report to Doug Morse, senior vice president of emerging brands and APAC. Soh joins Columbia Sportswear from Lego, where he was a senior commercial director in the Asia Pacific region, based in S

Courtesy: NBA Mumbai-based Suditi Industries has entered into a Retail Product License agreement with the US-based NBA Properties, Inc for commercial use of the logos, symbols, designations, emblems, colour, combinations, design and all such identifications, labels, insignia, indicia, or trade dress thereof, collectively called NBA marks of the NBA and its member teams. “Pursuant to provisions of Regulation 30 read with Schedule III of SEBI (Listing Options and Disclosure Requirements) Regul

Over 200 suppliers connected with more than 3,500 buyers from 18 countries at the 4th edition of Intex South Asia in Sri Lanka. Leading and quality textile suppliers from India, Pakistan, Bangladesh, China, Taiwan, and more showcased their wide range of innovative yarns, apparel and denim fabrics, clothing accessories and allied services at the event. "From the first edition, we have supported Intex South Asia with a little bit of apprehension to its success and implementation, but seeing the

Courtesy: LidlLidl Hellas, the German supermarket chain's subsidiary in Greece, has announced an investment of €100-120 million for its operations till February 2020. The goal is to have 300 stores across Greece. Two new outlets will be opened in 2019 in Thessaloniki and Larissa, bringing the number of Lidl stores there to 223, said company director Iakovos Andreanidis. Andreanidis was speaking on the occasion of the multinational's 20 years of operation in Greece. Lidl has five logistic

Courtesy: Arvind Indian textile-to-retail conglomerate Arvind Limited, recently launched its largest garment manufacturing hub in Gujarat, as part of its capacity expansion strategy, with two manufacturing facilities in Bavla near Ahmedabad. A third facility will commence operations over the next few weeks. These units have been set up with an investment of ₹350 crore. The facilities, inaugurated on November 27 by Gujarat chief minister Vijay Rupani, will add a capacity of 3 million g

Courtesy: Cheap Monday H&M has announced plans to close Cheap Monday. The skinny jeans brand has a traditional wholesale business model, which is a model that has faced major challenges due to the shift in the industry. There has been a negative trend in the Cheap Monday’s sales and profits for a long time. The H&M group therefore intends to close down Cheap Monday. The closure is planned to start immediately, with the aim of being complete byJune 30, 2019. The Cheap Monday store in