L Brands, the American fashion brand, has increased its guidance for Q1.Image Courtesy: businessinsider.inWhile confirming the same in a statement released to media, the US-based retailer said that there was a shift in consumer spending patterns, which it owed largely to relaxation in pandemic restrictions.The retailer also attributed shift in consumer spending to Government stimulus payments to households.This has also enhanced the performance of retailer’s brands such as Victoria’s Secret and

The U.S. Cotton Trust Protocol welcomes luxury brand Byford as a member of the system that provides brands and retailers with the critical assurances they need to validate that the cotton fiber element of their supply chain is more responsibly grown.Byford, founded in Leicester, UK with its origins dating back the early 20th century, is dedicated to quality garments, reflecting a commitment to high standards of design and craftsmanship. Today, the brand has more than 1,500 sales points in over 2

Dafiti, the largest fashion and lifestyle e-commerce platform in Latin America (LATAM), is celebrating its 10th anniversary by collaborating with ten brands to create ten exclusive collections. The campaign features brands such as Adidas, Capodarte, Colcci, Forum, Lança Perfume, Luiza Barcelos, Melissa, Porto Brasil, Reserva, and Santa Lolla.Pic: Global Fashion GroupThe limited edition collections cater to the core Dafiti consumer by showcasing the essence and DNA of the business and celebrating

Prada Group, an Italy-based global leader in luxury goods industry, has reported 24 per cent revenues decline to €2.4 billion in its fiscal year 2020 ended on December 31, 2020 compared to revenues of €3.2 billion in the prior fiscal. The group incurred a net loss for the year of €54 million compared to the net income of €256 million in FY19.Pic: Shutterstock“In this disruptive year we have managed to achieve the goals we set ourselves, thanks to the commitment and high sense of responsibility o

SMCP, the premium fashion group based in France, has posted a full-year loss in 2020 – all thanks to COVID-19-induced store closures and lockdowns.Image Courtesy: life24.proThe Group posted a net loss of €102.2 million for 2020, compared to a profit of €43.7 million back in 2019.The loss, however, came down to €39.6 million following exclusion of Goodwill and right of use impairments.The year also saw SMCP’s adjusted EBITDA fall by 37.3 per cent to €179.6 million.Talking of SMCP’s brands, Maje p

LONDON - The Fashion Revolution initiative is to launch a new campaign urging customers to press more than 60 major brands and retailers to publicly disclose the processing facilities and textile mills in their global supply chains.The '#WhoMadeMyFabric?' campaign will be launched during the non-profit's annual Fashion Revolution Week which is held in April to mark the anniversary of the Rana Plaza disaster in Bangladesh.Consumers are being encouraged to email brands and retailers di

From statement shoulders to accentuated waists, to lounge-approved hoodies and relaxed trousers, from sexy backs to short crops - discover the top trends in silhouettes and details for Spring/Summer 2021.Shifting from an offline, physical format to an online, fully digital format did not hamper the creativity of the fashion creators. If anything, it gave them the much needed boost to rebel against the new normal to emerge victorious and inject hope that the world may stop, but fashion should not

Fabletics, the American online subscription retailer that sells apparels and footwear, is set to open 24 new stores this year all across the US.Image Courtesy: cyberspaceandtime.comAs per the statement released to media, first of these stores was already launched earlier this month in the Mall of America (Minnesota).Besides 3 stores each in California and Virginia, Fabletics will also be opening 2 stores in Texas this year.Additionally, the activewear retailer plans to open 1 store each in Alaba

New Balance, the US-based sports apparel and footwear brand has announced its partnership with renowned Italian apparel brand Stone Island.Image Courtesy: highsnobiety.comTheir maiden collaborative products will hit the market sometime later this year.Stating the partnership as collaboration between two cultures of innovators, New Balance, reportedly, said that both New Balance and Stone Island share similar values of research and functionality in their respective areas of expertise.Another comm

What: Nitisha Jain introduces unique multipurpose sustainable design brand BariCompany: Bari IndiaCollection: Bari comprises exclusive, and everyday clothing lines consisting of block prints available in variety of colours, kurtis, jackets, lehengas, etc and the accessories featuring scrunchies, headbands and masks.Pic: BariUSP: The designs, patterns, and textures are inspired by various cultures. The brand strives to bring out raw and bold designs, intended to suit the urban lifestyle while evo