Apparel Resources

Industry veteran Suresh Dureja joins Tukatech as Managing Director of Canada

Apparel Resources News-Desk — Sat, 23 Nov 2024 07:10:25 +0000

Tukatech – a leading fashion technology provider for global businesses, has on-boarded industry veteran Suresh Dureja as Managing Director of Canada. Suresh comes with an extensive career in apparel manufacturing management that spans over 30 years. He also has strong academics as a graduate mechanical engineer and a postgraduate in Manufacturing Technology from the National […]

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Uniqlo opens its largest store to date in Mumbai

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:56:15 +0000

With the launch of its third and largest shop in Mumbai, international clothing brand Uniqlo has increased its retail footprint. Bollywood star Kareena Kapoor Khan, Uniqlo’s India brand ambassador, opened the store in the Phoenix Palladium Mall. The brand’s complete line of Lifewear and all of its fall/winter 2024 merchandise for men, women, children, and […]

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UK retail sales fall greater than expected amid budget anxiety

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:50:30 +0000

Retail sales volumes in the UK decreased slightly during the month of October, according to new data released by the Office of National Statistics (ONS). The data shows that the amount purchased in the area decreased by 0.7 per cent, following a little 0.1 per cent increase the previous month. In comparison, the year-to-October data […]

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India’s textile exports see recovery amid demand from European markets

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:43:39 +0000

Data from the Ministry of Commerce and Industry indicates that Indian textile exports are beginning to revive in FY ’25, with demand from European markets significantly contributing to the increase in numbers. Exports to Europe totalled US $ 5.66 billion from April to October, up 6.39 per cent from US $ 5.32 billion during the […]

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TK Maxx announces entry into Spanish market, to potentially open 100 stores

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:39:58 +0000

As part of an ambitious global advancement strategy, American retailer TK Maxx, which is well-known for providing products from well-known brands at discounted prices, has announced its arrival into the Spanish market. The decision was made after years of research and planning, according to Ernie L. Herrman, CEO of the retailer’s parent firm TJX Companies, […]

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Brand Collective is new licencing partner for Champion

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:20:37 +0000

Champion’s new owner, Authentic Brands Group, has named Brand Collective as the sportswear company’s new licensing partner in Australia and New Zealand. In addition to owning companies like Volley, Elka Collective, and Shoes & Sox, Australia-based Brand Collective is currently the operating partner of companies including Canada Goose, Clarks, Hush Puppies, and Authentic-owned Reebok. David […]

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Superdry reportedly names new interim CFO

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:08:56 +0000

Kim Zaheer is reportedly the new interim chief financial officer of British retailer Superdry. Prior to joining the company, he worked for more than 15 years as the finance director of Dreams, a bed retailer. Zaheer has previously held a number of finance-related positions at companies like Tesco, PRG Powerhouse, and WHSmith, a network of […]

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Indian consumer demand picks up in October, raises hopes for H2 FY ’25

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:01:48 +0000

A stronger second half of FY ’25 is anticipated as a result of the October start of the consumer demand rebound, according to the Systematix Institutional Equities report. Lower growth in 2Q FY ’25 was caused by virtually unchanged urban consumption, notwithstanding a minor increase in rural demand. Similar to the previous quarter, the demand […]

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International technology tradeshow ‘Leathertech Bangladesh 2024’ begins in Dhaka

Apparel Resources News-Desk — Fri, 22 Nov 2024 12:43:01 +0000

The 10th edition of ‘Leathertech Bangladesh 2024,’ an international technology tradeshow focused on the leather and footwear industry, was inaugurated on Thursday. The event, which runs until 23rd November, is taking place at the Expo Zone of the International Convention City in Bashundhara. The expo showcases the latest advancements in leather processing, footwear machinery, shoe […]

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UK urges Bangladesh to diversify export basket for stronger economic ties

Apparel Resources News-Desk — Fri, 22 Nov 2024 12:23:35 +0000

A recent study commissioned by HSBC has highlighted the need for Bangladesh to diversify its export base beyond ready-made garments (RMG) to strengthen economic relations with the UK. Conducted by Ernst & Young LLP Bangladesh and Quay Asia, the report emphasises the potential for increased exports of pharmaceuticals, leather goods, jute products, and agro-processed goods. […]

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Apex Tannery to re-enter agreements with exporters for finished leather sales

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:57:49 +0000

Apex Tannery Limited, a prominent name in Bangladesh’s leather processing and finishing sector, has announced plans to re-establish partnerships with three footwear exporters to sell its finished leather products. The company anticipates annual sales of approximately Taka 16 crore from these agreements, as detailed in a recent disclosure. The company plans to collaborate with FB […]

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Chittagong Port operations improve as congestion eases

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:50:17 +0000

Operations at Chittagong Port are experiencing enhanced efficiency as congestion issues that plagued the facility in July and August begin to recede. Container ships have significantly reduced their berth waiting times, dropping from a worrying six to eight days in August to under two days in October. During the peak of the congestion, vessels faced […]

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Superdry reports 22 per cent revenue decline, issues profit warning for FY 2024

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:06:14 +0000

Superdry continues to face challenges in its restructuring journey, reporting a 22 per cent decline in revenue for the fiscal year ending 27th April 2024. The company’s revenue dropped to US $ 611.97 million, attributed to underperformance in its wholesale business and softer retail sales. Wholesale revenue fell 36 per cent to US $ 146.54 […]

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Paragon Footwear partners with quick commerce platforms for faster deliveries

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:59:15 +0000

Paragon Footwear has collaborated with quick commerce platforms Swiggy Instamart and Zepto to expand its reach and boost sales in India. This partnership aims to make Paragon’s products easily accessible to customers through rapid delivery services. The initial product lineup on these platforms includes a variety of footwear such as slippers, clogs, school shoes, kids’ […]

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JD Sports anticipates lower end-of-profit guidance amid volatile market

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:51:13 +0000

JD Sports has announced that its full-year pre-tax profit is expected to align with the lower end of its guidance range of US $ 1195 million to US $ 1295 million. The company attributed this revision to a challenging trading environment and softer performance in October despite strong sales in August and September. In its […]

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Lulu Group continues expansion strategy with ‘mini-mall’ set to open in Kerala

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:41:01 +0000

Lulu Group, the multinational retail and mall operator, is set to open a new shopping destination in Kottayam, Kerala, next month. Spanning 2.5 lakh square feet, the “mini-mall” will be located in Manipuzha along the city’s M.C. Road and is expected to welcome visitors by mid-December, according to reports. The two-storey mall will include a […]

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Massive investment announced in Rajasthan, with apparel as the focus

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:24:56 +0000

Rajasthan’s textile and apparel clusters like Jaipur, Bhilwara, Jodhpur, Pali and Pushkar can see significant investments in the near future as the state Government is pushing industrialists to invest in the light of the upcoming investor summit ‘Rising Rajasthan’ There are reports that recently in Bhilwara, 62 MoUs regarding an investment of more than Rs. […]

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Uniqlo India targets US $ 11.83 million sales mark in FY ’25, to accelerate pan-India expansion

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:17:20 +0000

Uniqlo India has revealed that the brand is targeting to accomplish a sales mark of US $ 11.83 million in the current fiscal year, said reports. The Chief Operating Officer (CFO) Kenji Inoue has also emphasised their expansion plans regarding brand outlets and local sourcing. The report highlighted the brand’s plan to increase the sourcing […]

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Tata CLiQ rebrands as Tata CLiQ Fashion, offers curated fashion and lifestyle segments

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:10:05 +0000

E-commerce giant Tata CLiQ has undergone a transformation, rebranding as Tata CLiQ Fashion. The fashion-focused platform will now feature products including apparel, footwear, watches, accessories, beauty, gadgets and home décor. With a brand-new logo, redeveloped packaging and brand manifesto, Tata CliQ Fashion has over 6000 Indian and International brands on its platform. It has also […]

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Gap’s net sales rise by 2 per cent in Q3

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:04:04 +0000

US-based apparel giant Gap has registered a 2 per cent rise in its net sales of this year’s final quarter. The Q3 sales rose to US $ 3.8 billion compared to the previous year’s sales. The company’s strong third-quarter results have led to an upward revision of its full-year forecasts for net sales, gross margin, […]

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