, 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 H1 FY20.“The recovery and strong perform

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

WASHINGTON – The Fashion Industry Charter for Climate Action has today launched a new ‘playbook’ to enable actors in the fashion supply chain to identify what climate actions to take and which initiatives could support them on the road to decarbonisation.The new playbook is primarily intended for small and medium-sized fashion companies that have yet to take any action on climate change, but who want to join larger players in the sector to deliver 'net zero emissions' by 2050.Officially2

As a perfect example of major diversity and inclusion in the world of fashion, US designer brand Tommy Hilfiger has announced its first hijab line. The light, the gray hijab has a strenuous and comfortable shimmer and a gentle lurex cord. The mosaic-style TH initials are displayed in a block pattern and the branding of Tommy Hilfiger runs on a strip at the top. The hijab of the fashion brand of luxury designers has entered the markets in select Tommy Hilfiger stores and is available digitally an

MINNEAPOLIS - 3D printer manufacturer Stratasys is working with fashion designers through the European Union funded Re-FREAM project to make the production of fashion more sustainable.The company's PolyJet 3D printing technology played an integral role in designer Julia Koerner's new ARID collection which focuses on material efficiency and sustainability.The ARID collection, which does not involve any sewing, consists of 38 3D printed parts that can assembled into a full-length dress or

LONDON - Cross-party MPs are calling on the British government to help fix fashion by doing more to support the development of more sustainable fabrics, boost textile recycling and help to bring back manufacturing jobs to the UK.Those are the key conclusions of a new report, Making the UK a Global Leader in Sustainable Fashion, drawn up by the All-Party Parliamentary Group (APPG) for Ethics and Sustainability in Fashion with support from the Hubbub environmental charity.It comes a little over a

The most uttered topic of the COVID-19 pandemic has created a deep wound in the whole fashion retail and its supply chain. For instance, one of the biggest apparel consumer market – the USA’s consumption has been shrunk by 50%.Figure: US fashion consumption is headed for a 50% decline to around US$200bn.As the US presidential election nears, President Donald Trump – in a patriotic zeal, continuously distancing with China by tariff hiking. Which is greatly impacting the fashion apparel industry.

Burberry, the British fashion house, has collaborated with Twitch, the provider of live streaming service, to livestream its Spring/Summer 2021 fashion show this week.Image Courtesy: racheleganblog.wordpress.comWith this, the brand becomes the first luxury brand to do so. The show will be completely remote and no guests would be attending the event.This comes after a lot of designers have leveraged the use of technology to show their collection digitally amidst COVID-19 as many fashion shows wer

In a report by the USFIA, 90 percent of fashion firms plan to increase their contracting, especially in the manufacturing and supply chain positions, even though optimism about the future of the industry is shrinking due to the outbreak. Even though the fashion companies have diversified their sourcing across Asia and, to a lesser degree, in Mexico and Sub-Saharan Africa this year, China remains at the forefront of apparel sourcing and development. These companies are based in the long term on s