INSIGHTSSalvatore Ferragamo Group's 9M FY23 revenues declined 8.3 per cent to €844 million.This decrease was influenced by drops in both retail and wholesale channels by 10.2 per cent and 16.6 per cent respectively.While the Asia Pacific, Japan, North America, and Central and South America regions saw reduced sales, EMEA reported a 3.1 per cent growth.Salvatore Ferragamo Group has reported total revenues of €844 million in the first nine months of fiscal 2023 (9M FY23), marking an 8.3 per ce

INSIGHTSTechnology has profoundly impacted fashion design and production, Surabhi Chopra Label's founder told Fibre2Fashion.She emphasised that advancements like 3D design software and sustainable fabrics make the design process more efficient but reduce waste.Colour palettes, fabrics, and silhouettes are vital for creating a harmonious aesthetic.Technology has revolutionised fashion design and production, believes Surabhi Chopra, the founder of the eponymous label, which she established in

INSIGHTSIn the first quarter of fiscal 2024, six global fashion firms reported their financial outcomes with varying degrees of success.Ralph Lauren and Goldwin Inc showcased strong growth in both sales and profits.Meanwhile, Gunze, V Mart Retail, ABFRL, and Cantabil demonstrated moderate performance, with growth witnessed in either sales or profits.

INSIGHTSThe Circular Fashion Innovation Network (CFIN) has been launched by UKFT, the British Fashion Council (BFC), and UK Research and Innovation (UKRI) with a two-year goal to promote circularity in the UK fashion and textile industry.Despite the UK fashion industry's significant contribution to the GDP, it faces challenges with high consumption, low usage, and waste.The UK Fashion & Textile Association (UKFT), the British Fashion Council (BFC) and UK Research and Innovation (UKRI) ha

Over the past decade, the global apparel industry has undergone remarkable expansion and evolution. With its reputation for producing high-quality garments and employing skilled workers, the industry has become a significant contributor to numerous economies. In fact, in 2021, the global apparel market was valued at approximately $1.5 trillion.However, despite its enormous size, the rapid growth and constantly changing consumer demands have presented numerous challenges for the industry.In this

INSIGHTSPuma has announced a partnership with Lemlem, an African ready-to-wear brand founded by Liya Kebede.The collection blends Lemlem's bold aesthetics with Puma's sportswear innovation, featuring apparel and footwear like the Puma x Lemlem PWR XX Nitro shoe and Low Impact Bra.Sustainability is a focus, using fabrics with at least 20 per cent recycled materials.Global sports brand Puma has announced a first-of-its-kind collaboration with Lemlem, the ready to wear and swimwear brand ma

INSIGHTSHermès has opened its new store in Los Angeles at Westfield Topanga, the thirty-fifth in the US.The store's design draws inspiration from the surrounding nature, featuring elements reminiscent of Topanga State Park.Divided into four areas, it showcases Hermès' sixteen métiers, including women's silk, leather goods, fashion jewellery, and homeware.The Parisian saddler Hermès has inaugurated its new address in Los Angeles, at Westfield Topanga. Surrounded by stunning panoramas,

Over the past decade, the global apparel industry has undergone remarkable expansion and evolution. With its reputation for producing high-quality garments and employing skilled workers, the industry has become a significant contributor to numerous economies. In fact, in 2021, the global apparel market was valued at approximately $1.5 trillion.However, despite its enormous size, the rapid growth and constantly changing consumer demands have presented numerous challenges for the industry.In this

INSIGHTSUK brands, designers and retailers feel it is their responsibility to support customers in making considered purchases and to maximise the use of their existing clothes, says a new insights report by the British Fashion Council and Vanish.Overall, circular and sharing business models that enable the re-use of existing garments was preferred over recycling.UK brands, designers and retailers feel it is their responsibility to support customers in making considered purchases and to maximise

INSIGHTSUK's LFL sales in June 2023 saw a 1.9 per cent growth, with physical store sales up 5.1 per cent.Fashion LFLs rose 3 per cent, with in-store sales up 12.3 per cent in the first week.Homeware sales fell 0.6 per cent, despite a 5.4 per cent increase in non-store sales.Lifestyle LFL sales grew by 2.3 per cent, with a 7.17 per cent surge in the final week.UK’s fashion Like-for-like (LFL) sales grew by 3 per cent in June 2023, building on a healthy base of 15.2 per cent last year, accordi