Customer identification is the first step necessary to personalise the shopping experience, yet most in-store shoppers are anonymous until they check out, according to a recent report. It further adds that merely 13 per cent of retailers identify customers when they walk in the store and another 10 per cent identify customers pre-checkout. Retailers fare better online, as 30 per cent identify customers when they enter the website and another 30 per cent identify customers pre-checkout, as pe

Courtesy: VF Corporation In the second quarter of fiscal 2019, revenue from continuing operations at VF Corporation has increased 15 per cent (up 16 per cent in constant dollars) to $3.9 billion. During the reported period, revenue from continuing operations also went up 6 per cent (up 7 per cent in constant dollars) excluding the revenue contribution from acquisitions. Gross margin from continuing operations decreased 10 basis points to 50.1 per cent; on an adjusted basis, gross margin was

Fibre2Fashion.com, a B2B portal for the global textiles, apparel and fashion industry, has released its Industry 4.0 compendium. The hard-bound volume includes among other things vision statements from industry leaders, some best practices and case studies, besides the F2F Ready-Reckoner on the subject. The compendium was released at the recently concluded ITMA Asia + CIMTE 2018 event in Shanghai. Like the earlier compendiums, this edition in the Machinery Compendium series also does two thi

Courtesy: C.L.A.S.SC.L.A.S.S is supporting this year’s Textile Exchange Sustainability Conference which is being held in Milan, Italy from October 22-24, 2018. C.L.A.S.S is a multi-platform hub, specialising in integrating a new generation of eco values into fashion brands. The theme of the conference is United by Action: Accelerating Sustainability in Textiles and Fashion. The conference offers an opportunity to connect with industry pioneers and learn about cutting edge solutions and innov

Courtesy: PrimaLoft PrimaLoft, a leader in technology solutions, has launched PrimaLoft Bio, the first-ever biodegradable synthetic insulation, a proprietary technology that can transform the apparel industry. PrimaLoft Bio will reduce the length of time products remain in or are exposed to landfills and oceans, without compromising PrimaLoft’s product performance standards. Synthetic insulation was originally designed to withstand the outdoors; PrimaLoft Bio is designed to turn insulation

Courtesy: PR Newswire/Silk Inc Silk Inc, a natural chemistry company, founded in 2013 by experts Gregory Altman and Rebecca Lacouture, has closed a $30 million Series B funding round. The funding was led by Silk board member Jeff Vinik, the former manager of Fidelity's Magellan Fund and current owner of the Tampa Bay Lightning. Other investors include the Kraft Group and Roy P Disney. "The investment in Silk is really an investment in the future, one in which we are advancing people's health,

Two major US synthetic yarn producers—Unifi Manufacturing, Inc (Unifi) and Nan Ya Plastics Corporation, America (Nan Ya)—have filed petitions alleging that dumped and subsidised imports of polyester textured yarn from China and India are causing material injury to the domestic industry. The petitions have been filed with the US department of commerce. “The purpose of these petitions is to establish conditions of fair competition in the US market. The petitioning domestic producers are askin

Courtesy: Pexels The World Textile Information Network (WTiN) has announced the finalists of Future Textile Awards. The awards celebrate innovation in all areas of technical textiles as well as the essential partnership between R&D and commercial teams on which the industry’s progress depends. Winners will be chosen both for their originality and for their real-world impact. This will be the fourth edition of the Future Textile Awards. The awards are sponsored by leading high-tech indust

India’s goods exports fell by 2.15 per cent year-on-year to $27.95 billion in September after a positive run between April and August. The decline is hoped to be temporary, owing to a high-base effect. Imports saw a rise of 10.45 per cent to $41.9 billion during the month, bringing down the trade deficit to $13.98 billion, according to commerce ministry data. In the first six months of the current fiscal, exports posted a growth of 12.5 per cent in dollar terms. Imports grew 16.1 per cent, a

Over 6.044 million bales of cotton have arrived in 2018-19 season at various ginneries in Pakistan, as on October 15, 2018, up 1 per cent over arrival of 5.984 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA). In the major cotton producing province of Punjab, total cotton arrivals increased by 3 per cent year-on-year to 3.123 million bales, according to the report