PVH Corp, a US-based global apparel companies, has reported 18 per cent revenue decline to $2.11 billion in its third quarter (Q3) FY20 that ended on November 1, compared to the revenue of $2.43 billion in the same period last fiscal. Company’s net income for the quarter rose to $69.5 million compared to net loss of $1.07 billion in Q3 FY19.Pic: Shutterstock“Our third quarter results exceeded our expectations across all markets and channels, with a very strong recovery in Europe and China, consi

Gap Inc, a US-based specialty apparel company, has reported its financial results for the third quarter (Q3) of fiscal 2020, ending on October 31. Sales during the quarter remained flat at $3.99 billion compared to the sales from same period last fiscal. The company’s a net income for Q3 FY20 slipped to $95 million (Q3 FY19: $140 million).Pic: Shutterstock“Our third quarter results reflect our Power Plan 2023 in action — specifically the strength of our online business, which comprised 40 per ce

Ascena Retail Group recently announced entering into an asset purchase agreement (APA) with Premium Apparel LLC, an affiliate of Sycamore Partners, a private equity firm specialising in consumer, retail and distribution investments, to sell Ascena’s Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands.Premium Apparel will acquire the brand assets for a purchase price of $540 million, on a cash-free and debt-free basis, subject to certain adjustments, and the assumption of certain liabilities.

LONDON – With fashion conglomerate the Arcadia Group on the brink of collapse, invoice insurance business Nimbla estimates that upwards of £250 million in invoices could go unpaid to SMEs (small and medium enterprises)in the UK.Sir Philip Green’s retail empire, which includes the Topshop and Dorothy Perkins brands, looks set to soon be in the hands of administrators after attempts to secure a late £30 million loan failed to come to fruition.With the survival of suppliers hanging in the balance,

MANCHESTER – Workers’ rights organisation the Clean Clothes Campaign (CCC) has labelled Pretty Little Thing’s 99 per cent off sale “everything that’s wrong with fast fashion” after the Manchester brand sold items like jeans and dresses for as little as 5p.The company, owned by the Boohoo Group – which has been linked with UK suppliers paying workers as little as £3.50 an hour – defended the flash sale, saying it wanted to reward shoppers “after a bleak 2020”.CCC spokesperson Ilana Winterstein in

Polygiene presents its new partner Inner Fashion from Thailand, a renowned producer and distributor of men’s inner- and underwear from the brands Pierre Cardin and Valentino Rudy. The launch will include several styles treated with Polygiene Stays Fresh technology. With a yearly forecast of 300,000 pieces. Additionally, facemasks for Pierre Cardin with Polygiene ViralOff® will be launched in December.The products will be distributed via a number of leading department stores, around 60 shop in sh

GOTHENBURG - Swedish fashion retailer Kappahl says it has increased the proportion of its goods made from 'more sustainably' sourced materials to 70 per cent.Five years ago, the figure was just 19 per cent and the company, which also owns Newbie and Shop Online, says its target of reaching 100 per cent more sustainably sourced products by 2025 is within reach.Sandra Roos, head of sustainability at KappAhl, explained why the company favoured the use of the phrase 'more sustainable'

TORONTO - Outdoor apparel brand Canada Goose has launched a new sustainability platform, called Humanature, to be the driving force behind its commitments to 'keep the planet cold and people warm'.It is built around the company's 'Sustainable Impact Strategy' which includes a pledge to reach net zero for both direct and indirect greenhouse gas (GHG) emissions by 2025."The role of business has evolved – in today’s world, driving meaningful change is just as important as t

Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting Group (BCG) have partnered for the second year running to study the evolving dynamics of the global resale market. This year’s survey, The Consumers Behind Fashion’s Growing Secondhand Market, of 7,000 individuals from six countries, reveals the diverse customer attitudes and behaviors of its respondents, the growing importance of sustainability—among other factors—in driving the res

Consumers are looking for ultra-comfort and durability from their everyday garments. Leading Italian fashion retailer, OVS has responded to this consumer demand by incorporating LYCRA® dualFX® technology into their new range of slim fit men’s jeans for all-day comfort and shape retention.The slim fit design jeans will offer OVS customers not only great fit and comfort, but also excellent stretch and recovery thanks to LYCRA® dualFX® technology. This means that the jeans will move with the body,