Napapijri, an Italian premium casualwear brand owned by VF Corp, has been acknowledged with Cradle to Cradle Gold level certification for its circular series of recyclable jackets.Image Courtesy: fashionunited.inIt couldn’t have got better than this for Napapijri as this certification is globally the most advanced standard for safe, circular and responsible materials and products.Napapijri series jackets developed and tested over a span of 3 years are fully circular and 100 per cent recyclable d

While 4 July is celebrated as Independence Day in US, In UK too it wasn’t different this time.Image Courtesy: independent.co.ukThe Government had eased the lockdown restrictions starting 4 July, and the British Prime Minister had termed it Independence Day in the UK – independence probably from all the struggles and uncertainties that have been plaguing the retail sector since last 4 months.Contrary to expectations, it was a mixed day for retailers with independent retailers having a good day at

Bestseller, Danish fashion retailer, announced that it will release payment to all suppliers for all of its orders and implement early payment until October to support suppliers combat the coronavirus crisis.Image Courtesy: images.squarespace-cdn.comThe payment for the July, August and September orders will be made within 10 days of delivery.From 1 October it will revert back to its standard payment terms, within 90 days of delivery. Moreover, the company also plans to reduce the number of suppl

The British sports fashion retailer JD Sports has called for ‘flexibility in property leases’ to ensure survival and success in the new normal world.Image Courtesy: sneakerfreaker.comSubstantiating on the significance of the bricks-and-mortar stores, the sports retailer said that creating brand awareness among growing consumers is possible only through retail stores and also nothing can replace a customer’s liking to see, touch and pick a product – especially an apparel.However, with the world n

JD Sports Fashion, a UK-based retailer of sports, fashion and outdoor brands, posted 30 per cent revenue growth to £6,110.8 million in fiscal 2020, ended on February 2, 2020 compared to £4,717.8 million in previous year. Profit for the period fell to £250.7 million (FY19: £264.2 million). Operating profit in FY20 were £426.6 million (FY19: £346.2 million).Pic: JD Sports Fashion“Whilst Covid-19 has constrained our short term progress, it is important that we do not lose sight of the core retail s

Bangladesh’s apparel exports declined by 18.12% to $27.95 billion in the fiscal year 2019-20 as the COVID-19 pandemic slashed global demands for clothing items.According to Export Promotion Bureau (EPB) data released Sunday, Bangladesh earned $27.95 billion from apparel goods exports, down by 18.12% in the fiscal year, which was $34.13 billion in the same period a year ago.Figure: Bangladesh’s main fashion apparel export destinations were paralyzed in the pandemic. Causing a sharp fall in export

RANDE - Danish fashion brand Bestseller has announced it is to pay for all current orders immediately - as well as implementing early payments until October - to help its suppliers survive the coronavirus crisis.Bestseller said it recognised the predicament faced by its supply factories, and their employees, and wanted to do what it could to ease the financial pressures they were facing.Many brands have been criticised for cancelling or delaying orders, or demanding discounts to accept them, dur

LONDON - Next, Amazon UK, IKEA and Marks & Spencer (M&S) are among 20 major UK retailers who this week pledged to jointly develop a net-zero roadmap for the retail sector, setting a more ambitious target than the national 2050 requirement.The coalition of retailers pledged to publish the roadmap in the run-up to COP26 in Glasgow, which has been postponed to November 2021 because of the COVID-19 pandemic, in a declaration coordinated by the British Retail Consortium (BRC).The group will w

Capri Holdings Limited, a US-based global fashion luxury group, reported 11.3 per cent revenue decline to $1.19 billion in fourth quarter (Q4) FY20, ended on March 28, 2020 compared to revenue of $1.34 billion in same quarter last year. Company reported a net loss of $551 million during the quarter compared to net income of $19 million in Q4 FY19.Pic: Capri HoldingsGross profit for the quarter was $631 million (Q4 FY19: $793 million). Company incurred a loss from the operations of $536 million c

Intellectual property specialist and US brand management company Iconix Brand Group (ICON) recently entered into a share purchase agreement to sell its equity of Starter China for $16 million, according to a filing with the Securities and Exchange Commission. The buyer was not identified in the filing, but the deal is expected to close by September 15.Pic: Iconix Brand Group (ICON)The Starter China business has been part of the Iconix China subsidiary. Iconix plans to use the proceeds to repay d