Hugo Boss, a German luxury fashion house, has reported 59 per cent sales decline to €275 million in its second quarter (Q2) fiscal year 2020 ended on June 30, 2020 compared to sales of €675 million in same period last year. During the quarter, group incurred a net loss of €186 million compared to net income of €52 million in Q2 FY19.Pic: ShutterstockGross profit for Q2 FY20 fell 66 per cent to €150 million (Q2 FY19: €445 million). Operating loss for the quarter were €399 million.“The second quar

Ascena Retail Group, a US-based specialty retailer offering apparel, shoes, and accessories for women, has reported sales decline to $601.2 million in its third quarter (Q3) fiscal 2020 ended on May 2, 2020 compared to sales of $1,088.4 million in same period last year. Group incurred a net loss of $643.5 million (Q3 FY19: $237.9 million).Pic: ShutterstockGross margin for the quarter fell to $185.8 million ($627.3 million). Selling, general and administrative expenses registered a loss of $412.4

Fashion and apparel brands are still struggling to make ends meet with many resorting to taking credit facilities, while others have to shut shop due to the slow turn of the market.Image Courtesy: jamo.jpJapanese clothing company World Co Ltd. has announced its decision to close 358 stores in the country by the end of March 2021. This decision comes as structural reforms were made necessary by the onset of the pandemic.Along with store closures, the company has scrapped five labels in its portfo

Cairo-based e-commerce start-up Dresscode recently raised a six-figure US dollar seed funding round to help accelerate its growth by expanding its team and product offering and initiating next-day and same-day deliveries. It has seen strong growth during the COVID-19 crisis, which accelerated the process with Egypt Ventures to raise the funds.Pic: DresscodeFounded in 2018 by Mohamed Abdel Dayem and Ali Zakaria, Dresscode sells female clothing, beauty and home products, connecting Egyptian manufa

During quarantine, the fashion world is saying goodbye to formal wears, however, the comfortable/casual wears becoming mainstream fashion concepts.In this pandemic, comfortable wear demand and sales are increasing rapidly. As of April, pajama sales had increased by 143% and tracksuits and jumpsuit sales had increased by 70% and 80% respectively.Figure:In this pandemic, comfortable wear demand and sales are increasing rapidly.Casual wear wouldn’t look out of place in most workplaces and classroom

US-based luxury clothing retailer Ralph Lauren continues to focus on its global online platform, observing coronavirus epidemics and potential resurgence challenges as an opportunity to deepen and expand its digital capabilities.In the first quarter, Ralph Lauren accelerated the rollout of connected retail programs and moved to a truly omniChannel model that includes personalized customer engagement, including virtual sales appointments, Livestream sales, shipping from stores, and personalized p

LONDON – Global fashion sustainability initiative Fashion For Good (FFG) has announced the resumption of its Polybag Collection Scheme pilot in London, through which UK recycler First Mile will work to drastically improve the city’s infrastructure for apparel recycling.The pilot initiative, which is part of FFG’s broader Plastics Packaging Project, was brought to a pause shortly after its inception in February due to the coronavirus pandemic.“It’s encouraging to see continued commitment to susta

12 Storeez, Russian women’s and men’s clothing brand, has opted for Centric Software Product Lifecycle Management (PLM) solution. With this, Centric has marked its growth and expansion in Russia as 12 Storeez becomes its third customer in Russia.Image Courtesy: glocalabel.comWith Centric PLM, the brand aims to increase the communication and collaboration with the internal and the external team. The solution will also help in increased efficiency and productivity across its product development pr

World’s largest retailer Inditex has pledged to work towards maintaining workers’ rights and a steady stream of payments to all suppliers amidst the struggles of the industry where manufacturers and suppliers are wrought with cancelled orders and unfulfilled payment issues.Image Courtesy: environmentalleader.comThe Spanish fashion conglomerate has entered a joint agreement with global workers’ union IndustriALL to ensure that bargaining rights and workers’ rights to unionise is maintained throug

No wonder that climate change is a thought-provoking and broadly discussed topic in the arena of sustainable fashion. But according to, a widely known American management consulting firm, biodiversity loss is another area that must be looked upon with greater importance to be addressed, discussed, and taken into concern for finding pragmatic solutions. As it is declining faster than at any other point of human history, the trend must be decelerated before time ticks away.Photo: McKinsey and Comp