GREENSBORO - Wrangler and Lee jeans owner Kontoor Brands has announced its ambitions to reduce the environmental and social impacts of denim and apparel production in its first set of global sustainability goals.They include new commitments on the use of innovative foam dyeing technologies, the sourcing of sustainable cotton, and steps to ensure the wellbeing of workers in the company's supply chain.“Denim is known as being tough, durable and long-lasting. But the production process historic

American mall owner Brookfield Properties has experienced a serious dent in its revenue due to the pandemic.Image Courtesy: bloomberg.comConsequently, the company has announced its decision to lay off 20 per cent of its workforce in its retail unit, as reported byCNBC.The retail division consists of over 2,000 employees out of which the unfortunate lot found out about the job cut via a memo.“While many companies were quick to implement furloughs and layoffs at the onset of the pandemic, we made

The White House recently honoured the National Retail Federation with the Pledge to America’s Workers Presidential Award, recognising the NRF Foundation’s ‘RISE Up’ initiative. Presidential advisor Ivanka Trump and commerce secretary Wilbur Ross highlighted NRF and eight additional businesses and trade organisations for their workforce development programmes.Pic: ShutterstockDeveloped and managed by the NRF Foundation, the RISE Up (Retail Industry Skills & Education) training and credentiali

Salvatore Ferragamo, a luxury goods company, approved its financial result for first half (H1) FY20 ended on June 30, 2020. Revenue for the six months period fell 46.6 per cent to €377 million compared to revenue of €705 million in the same period previous fiscal. Company incurred a net loss of €86 million compared to net profit of €60 million in H1 FY19.Gross profit for H1 FY20 was €225.9 million (H1 FY19: €456.8 million). The operating loss for the quarter was registered of €74.4 million compa

Burberry, global luxury brand, has collaborated with live video streaming service Twitch for its BurberrySpring/Summer 2021show which will be live streamed on September 17 on Burberry’s Twitch account. The show, set in the British outdoors, will use Twitch’s Squad Stream functionality, with Burberry hosts live streaming the show in one window.Pic: BurberryThis will provide virtual guests with the ability to view multiple perspectives of the show at once and converse through Twitch’s chat functio

Athletic and lifestyle footwear retailer The Athlete’s Foot has ventured into apparels for the first time with a new category, selling activewear and performance wear clothing on its website.Image Courtesy: franchising-today.comThe brand is ready to host the products from the likes of ASICS, Puma, adidas, New Balance, New Guard, 2XU and On Running, amongst others.The activewear category will also include accessories such as socks, massage balls, exercise bands and bags from the same brands.Addit

Swedish apparel firm H&Mrecently announced ending its ties with a Chinese yarn producer over accusations of ‘forced labour’ involving ethnic and religious minorities from the Xinjiang province. It didn't work with any garment factories in the region and wouldno longer source cotton from Xinjiang, China's largest cotton growing zone, the retailer said.Pic: ShutterstockA March report by the Australian Strategic Policy Institute (ASPI) had mentioned H&M as one of the beneficiaries o

Inditex Group, a Spanish fashion retailer, has reported 37 per cent sales decline to €8.0 billion in its first half (H1) of fiscal 2020 ended on July 31, 2020, compared to the sales of €12.8 billion in the same period previous fiscal. During the six months period, group incurred a net loss of €198 million compared to net income of €1.5 billion in H1 FY19.Pic: ShutterstockAccording to company’s report, total sales were boosted by strong online growth, which reached 74 per cent year on year during

The global export of coats has registered 18.5 per cent growth to $17,750.69 million in 2019 compared to $14,979.30 million in 2017. However, total exports surged 1.38 per cent in 2019 over the previous year, according to data from TexPro. Further the exports is expected to move up to $18,078.44 million in 2022 with a rate of 1.85 per cent from 2019.Pic: ShutterstockThe global import value of coats was $17,058.44 million in 2017, which surged 11.66 per cent to $19,047.27 million in 2019, accordi

This summer, exhibitors from Messe Frankfurt France have joined the digital platform of Texworld Evolution Paris. The organisers reported that since September 1, exhibitors can present their collections, and know-how to international buyers through a complete digital networking solution: virtual showroom, matchmaking function, definition of needs, etc.This digital tool developed in partnership with Foursource was designed to meet the expectations and needs of all professionals in the fashion ind