German sportswear maker Puma has announced that making a forecast for the full year has been made impossible by the coronavirus-stricken conditions in the world.Image Courtesy: puma-catchup.comThe second quarter sales and profitability of the company have also been greatly affected due to the pandemic.Second quarter sales for Puma were down 30.7 per cent to US $ 975.34 million or € 831 million and the EBIDTA mounted to losses of €114.8 million, rising from the €80.3 million for the same period l

US-based Centric Software has announced the opening of its new office in Vietnam, to help the local manufacturers with their digital transformation journey through its leading Product Lifecycle Management (PLM) solution.Image Courtesy: www.3ds.comPLM solution is a complete solution for product-related activities that help brands, retailers, original design manufacturers (ODMs) and original equipment manufacturers (OEMs).It not only helps in better collaboration, but also enables streamline opera

It’s a first for Moncler, but something that the Italian fashion brand will not like to talk about!Image Courtesy: finance.yahoo.comFor the first time in its history of over 6 decades, the fashion retailer had to report a first-half operating loss.Store closures, due to the pandemic, followed by extended lockdowns and growing fear among consumers to come out of their homes have hit the sales big in Moncler’s second quarter – subsequently impacting its first half.Talking about total revenues, the

The COVID-19 pandemic has driven yet another trade show to cancellation!Image Courtesy: pygmees.euLondonEdge, a UK-based trade fair with focus on youth, lifestyle and subculture fashion, will no longer be hosting its show to be held on 6-7 September at Islington’s Business Design Centre, nor will it go ahead with the VegasEdge, the Las Vegas edition stipulated for 18-19 August.The shows scheduled for February, August and September 2021 are currently still planned to go ahead.As the rest of the w

Boyish Jeans, a sustainable women's denim brand based in Los Angeles, has launched theRetraced GmbHtransparency widget onto its online store to highlight its honest sustainability efforts and achievements. The e-commerce plugin enables Boyish to communicate the sustainable supply chains behind its products and showcase its social responsibility efforts.Pic: Retraced/Boyish JeansBoyish joined the Retraced transparency platform 'retraced' in March 2020. Since then, the brand has worked

Image Courtesy: hypebeast.comSports brand Volcom, owned by Authentic Brands Group (ABG), is looking to spread its reach to China after signing a partnership deal with the China Ting Group.The China-based group specialises in retail development and brand building and this partnership will ensure that China Ting Group plays a pivotal role in furthering Authentic Brands Group’s global brand strategy for Volcom.The partnership has fruitfully launched two stores in June- Mixc Mall in Hangzhou’s shopp

With the ongoing pandemic, there is greater demand for AI tools and e-commerce features that will make the lives of consumers easier.Image Courtesy: prnewswire.comKeeping this in mind, Shnap, a visual search engine for fashion, has announced its global launch.Available as an app and browser extension on Android, iOS and Chrome, Shnap helps users take a ‘snap’ or photo of outfits and clothes so that they can shop the products they see instantly or even compare to find what they’re looking for.The

Marks and Spencer (M&S), the British multinational retailer, will be announcing hundreds of job cuts in the coming week. This is a part of company’s restructuring process that could affect many employees.Image Courtesy: www.thegrocer.co.uk“We don’t comment on speculation and, if and when we have an announcement to make, our colleagues will be the first to know,” an M&S spokeswoman said.The retailer mentioned it was already in the middle of a new plan to restructure the business before pa

Alexander Taylor, a London-based designer, will be launching ATID – a platform to sell technical apparels made from biomaterial and leftover inventory.Image Courtesy: static.dezeen.comThe platform will be launched on 4 August 2020 and will initially be selling garments made from biomaterial and unused fabric, deadstock or from outdoor factory KTC.The products will include a three-layer waterproof, seam-taped mac, parka jacket and bag made using heat bonding technique, and also super lightweight

Fashion industry has been causing devastating environmental impacts. On an average, people buy 60 per cent more clothing than they did around 15 years ago and so have increased the rate at which they discard the clothing.Fashion For Good is a global platform aimed to right this and to take the world towards a circular Good Fashion approach that is restorative and regenerative by design.Its museum Fashion For Good Experience recently reopened after being shut due to the current situation caused b