Iconix Brand Group is collaborating for its Royal Velvet brand with new licensee Himatsingka America, part of the Himatsingka Group, in a new multi-year deal for the United States and its territories including Puerto Rico, and Canada and Mexico. Royal Velvet is a heritage home brand that brings luxury to life through its classic and colourful aesthetic. Pic: Iconix Brand Under the new licensing agreement, Himatsingka will design, manufacture and distribute Royal Velvet across multiple home

The Tiruppur Exporters’ Association (TEA) has urged the Indian government to ensure continuance of incentive at 4 per cent under the Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20). TEA has sought continuance of the scheme until the government signs free trade agreements (FTAs) with the EU, Canada and Australia. Pic: Pixabay In May 2018, the Directorate General of Foreign Trade (DGFT), under the ministry of commerce and industry, had extended th

Union ministry of textiles has amended hank yarn packing provisions decreasing the proportion of packing yarn for civil consumption in hank form from the previous 40 per cent to 30 per cent in each quarterly period. The new provision would come into effect retrospectively from January-March 2019 quarter. Pic: Tim Savage from Pexels “Now every producer of yarn who packs yarn for civil consumption will pack yarn in hank form in each quarterly period commencing from January-March 2019 and every

Bogner, the leading German skiwear and outerwear company, has successfully gone live with Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury and consumer goods companies to achieve strategic and operational digital transformation goals. Pic: Bogner “Bogner’s growth and expansion into new product categories over the years generated unmanageable amounts of data, and it

A delegation from the British Retail Consortium (BRC) and Northern Ireland Retail Consortium (NIRC) has met with the Article 50 Task Force within the European Commission (EC) to discuss the priorities of retailers and consumers in Great Britain and Northern Ireland in the Brexit process. The agreed date for the UK to exit from the EU is March 29 this year. Pic: Pxhere The issues addressed at the meeting between the UK retail trade associations and the EC’s task force included VAT, data flow

Kohl’s Corporation, an omni-channel retailer, has seen 1.7 per cent rise in the comparable sales during fiscal 2018. The fourth quarter comparable sales increased 1.0 per cent. The company will close four underperforming stores in April, but will open four new smaller format stores later in this year. Kohl's ended the fiscal year with 1,159 Kohl's stores. Pic: Kohl's Corporation It is consolidating call center locations which support both its Kohl’s charge and online customers. Additionally,

Amazon India recently signed an agreement with Kudumbashree, a poverty eradication and women empowerment programme of the Kerala State Poverty Eradication Mission for its initiative called Amazon Saheli. Amazon will support, train and empower women entrepreneurs associated with the organisation and provide a marketplace for them to showcase products. Pic: Amazon Kudumbashree has more than 1,000 community development societies reaching more than four million women across 14 districts in Kera

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Scheme to Rebate State and Central Embedded Taxes to Support the Textile Sector. This will enable the government to take various measures for making exports of apparel and made-ups zero rated, thereby boosting India’s competitiveness and ensuring growth of the domestic industry. Pic: Pxhere At present, apparel and made-ups segments are supported under the Scheme for Rebate of State Levies (RoSL). However, certain stat

In the first nine months (9M) of financial year 2018-19 (FY19), India’s overall textile and apparel sales increased by 9 per cent, according to the latest Wazir Textile Index (WTI). There has been a revival in the EBITDA with a significant increase of 17 per cent in 9M FY19 as compared to 9M FY18. Raw material cost saw an increase of 8 per cent. Pic: DWilliams on Pixabay While employee cost saw an increase of 7 per cent in 9M FY19, other costs also saw an increase of 10 per cent for the same

Bangladeshi garment manufacturers recently urged the US government and their own to sign a cotton purchase agreement to avail duty privileges on export of apparel products to US markets and ship more products, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Siddiqur Rahman, who met US Ambassador in Dhaka Earl R Miller. Ambassador Miller discussed various trade issues with apparel exporters at the BGMEA office, according to Bangla media reports. If th