British lifestyle retailer Joules is hard pressed in the COVID-19 pandemic-induced crisis.Joules Group revenue slump by 15.3 percent to touch £94.5 million in the 26 weeks that ended 29 November 2020.Figure: British lifestyle retailer Joules is hard pressed in the COVID-19 pandemic-induced crisis.Though the fall was probable considering the number of stores that were closed during the period.The 26-week period also witnessed the retailer’s profits before tax fall from £8.4 million (in the previo

French designer Farhad Re has launched his couture collection Spring Summer 2021 'Galatea' during Paris Haute Couture Fashion Week which was held on a digital platform. For days and nights during the lockdown, Farhad Re cut the triple organza of silk in a virginal whiteness and used 500 metres of it to produce 15 dresses in the collection.Pic: Iris Brosch Mephistopheles ProductionsBehind the opacity of the material looms the grace of the woman as seen by Farhad Re and whom he calls Galat

Augusta Sportswear Brands has implemented Discover e-Solution’s (DeSL) digital transformation solution, including PLM. The leading manufacturer and marketer of innovative high-performance activewear selected DeSL after an extensive search of potential vendors. DeSL, headquartered in the US, is a market leader in digital transformation solutions.Pic: Augusta SportswearThe brand needed a powerful solution to increase their speed-to-market and match their growing demands for new product development

The much awaited sale of Debenhams has finally happened!Image Courtesy: lancashiretelegraph.co.ukThe ailing British fashion label – along with its brands, website and intellectual property rights – has been bought by Boohoo for £55 million. The deal, however, doesn’t include Debenhams’ stores.Besides leaving out 120+ Debenhams stores, the deal also excludes financial services and stock that will continue to be with Debenhams.What’s, however, disheartening is that the sale would now leave all 12,

MILAN – Luxury fashion brand Gucci has unveiled a new ‘nature-positive’ strategy which it says will target improvements to carbon emissions, climate and biodiversity.Set to be outlined at today's digital World Economic Forum (WEC), the strategy – called ‘Natural Climate Solutions Portfolio’ – will pay particular attention to habitat restoration and regenerative agriculture.“We want to be part of the solution for nature and climate by mainstreaming practices and systems that will transform na

Fashion retailers, who are fast learning the new norms, are now exploring and embracing new product categories in order to survive.We saw underwear label Thinx expanding into activewear early this year and now this British menswear brand Hawes & Curtis too has launched its maiden loungewear collection. That’s the call of customers in this ‘new world’ and Hawes & Curtis has understood this well.Also Read:Known for its formalwear and premium cotton shirts, Hawes & Curtis – with this ne

GENEVA - The supply chains of eight industries - including fashion - are responsible for more than half of all carbon emissions globally, according to a new study from the World Economic Forum.The report, Net-Zero Challenge: The supply chain opportunity, published in partnership with the Boston Consulting Group (BCG), says tackling supply chain emissions could be a "game changer" against climate change.Fully decarbonising these supply chains would be achievable at low cost with existin

Continuing the dismal performance, the apparel sales figures of Japanese department stores took a dip in 2020. The revenues have already been contracting since early 2019 and pandemic has only made it worse.The total revenues from apparel category valued 1,141 billion yen (US $ 11 billion) during 2020, declining 31.10 per cent on Y-o-Y basis, according to the latest released data by Japan Department Stores Association (JDSA).Apparels constituted 27 per cent of overall sales that took place in th

The US-based clothing retailer Francesca’s, which filed for Chapter 11 bankruptcy in November 2020, has got the green signal from the court of a deal to sell itself.Image Courtesy: people.comFollowing court approval, the fashion retailer will, reportedly, be sold to TerraMar Capital and Tiger Capital. Notably, the retailer was acquired during the recently concluded auction process.As per the statement released to media, Francesca’s has said that TerraMar has expressed its commitment to keep arou

Uniqlo Global Brands has reported a huge fall in its revenue in the first quarter of FY2021.Image Courtesy: hokkaidoguide.comThe fashion stalwart saw the revenue of its Global Brands segment drop by a worrying 22.3 per cent to clock 28.0 billion yen for the said period.The segment also saw a slight operating loss of 0.2 billion yen for the quarter. Notably, it had made a profit of 1.8 billion yen in the first quarter of FY2020.Brand-wise, the retailer’s Theory brand posted massive fall in its re