Wilmslow-based premium womenswear indie Black and White Denim has won its battle against The Scottish Knitwear Group, after the company planned to open a store under the same name. The group, which is the distributor for Pringle and Ben Sherman in South Africa, had intended to open a shop in Johannesburg in July called Black White Denim, using the indie’s identity as well as concept. Owner Jo Davies discovered the plans after The Scottish Knitwear Group approached the brands stocked by the indi

British fashion retailers are seeing their online businesses soar with revenues expected to reach 28 billion pounds by 2020. The new findings were presented by analysts OC&C and Google in a report called 'Britain's Retail E-mpire.' The findings show international sales could outgrow domestic revenue to make up 40 percent of total online sales in the next seven years. Last year, online sales from outside the UK totalled 4 billion pounds and accounted for 14 percent of total online sales. Wes

Adidas has surpassed estimates with its first-quarter profit and reported gross margin widened to a record, sending the shares to the highest level ever. Net income jumped by 6.5 percent to 308 million euros far ahead the 298.5 million euros consensus estimate of 15 analysts. On the wake of the news, shares surged 6.2 percent to 84.44 euros reaching the highest since trading began in 1995. “We delivered strong margin progress, which is our top priority for the year,” Chief Executive Officer Her

New research forecasting the UK luxury market has reported that the sector will “almost double” in size over the next five years from 6.6 billion pounds in 2012 to 12.2 billion pounds in 2017. According to Walpole British Luxury, the trade body that represents luxury brands such as Burberry, Harrods and Jimmy Choo, and market research firm Ledbury Research, the study reports that he UK luxury industry is set for “strong growth”, despite the difficult environment in Europe, with the sector predic

A generally firmer price trend was evident at the major export centres last week, influenced in part by a dwindling, end-of-season supply, but also (certainly in the case of Australia) by a modest improvement in offtake from China. The Australian Wool Exchange’s (AWEX) Eastern Market Indicator recovered ground, rising by 2.69% this week, to 992 Australian cents per kilo, clean. In US dollar terms, the EMI rose by a similar margin, to 1,015 US cents per kilo.The improved demand on the export

Sri Lanka’s earnings from export of garments and textiles have increased by 8.8 percent in February 2013, over last year’s figures, stated the Central Bank of Sri Lanka. According to the bank’s report, the export of garments and textiles increased from US$ 341.5 million in February 2012 to US$ 371.6 million in February 2013. However, during January-February 2013, Sri Lanka’s textile and apparel exports declined by 0.4 percent to US$ 705.5 million, as against exports of US$ 708 mill

Government on Wednesday announced a scheme for weavers aimed at meeting their housing needs and mechanisation of their workplace. In a suo motu statement in the Assembly, Chief Minister Jayalalithaa said 10, 000 green houses would be constructed for weavers, along with the 60,000 to be built under the Chief Minister’s green house scheme, in the first phase during 2013-14. Motorised spindles would be provided to 25,000 handloom weavers at a cost of Rs. 3.75 crore to minimise their workload

Textile manufacturer Alok Industries plans to increase focus on polyester in FY14. In the current financial year, the company expects to have 41 per cent of the company's revenue from manmade fibre, up from 38 per cent in FY13. In FY12, this was 35 per cent and revenues from cotton has fallen to that extent. Alok is not the only company which is increasing focus on the manmade fibre business. In fact, there is a systematic shift happening from cotton to manmade fibres. Production of manmade te

India's apparel industry is likely to grow at about 8 per cent annually and reach Rs 2,74,600 crore over the next three years, credit rating agency Care Research said today. "The domestic apparel industry will grow at a CAGR of about 8 per cent from Rs 2,02,600 crore in FY12 to Rs 2,74,600 crore in FY16. Policy reforms, revival in economy and entry of new brands to support recovery of apparel demand in FY14," Care Research said in a report here today. The industry grew at a CAGR of 10 per

Bangladesh's exports rose nearly 10 percent in April to $2.08 billion from a year earlier, rising for a 10th month, thanks to stronger clothing sales, the Export Promotion Bureau said on Tuesday. But industrial accidents, such as the April 24 collapse of a garment factory complex where more than 700 people died, have raised serious questions about worker safety and low wages, and could taint the reputation of the poor South Asian country, which relies on garments for 80 percent of its exports