ASOLO - Italian company Fashion Box’s Replay brand is launching a new denim in partnership with fabric manufacturer ISKO for which it is claiming 'double green' credentials.The new Hyperflex Re-Used material blends lower impact raw materials with both reused cotton and recycled polyester - which is Replay's justification for the 'double green' claim.Waste cotton fibres that are normally lost during the spinning process make up around 10 per cent of the cotton, while the recyc

CHICAGO – Consignment company The RealReal has opened its largest ever brick-and-mortar store in Chicago, Illinois, in a telling sign of the increasing consumer engagement with second-hand apparel.The company, which has to date partnered with the likes of Gucci and Burberry, says the new store will champion sustainability by spotlighting garments made using ‘sustainable’ materials, as well as offering a repair service in order to prolong the life of items in circulation.“Opening our largest stor

German sportswear giant adidas is exploring the sale of US brand Reebok as early as March 2021, according to a report byBloomberg.Image Courtesy: news.sky.comadidas has assigned an internal team to draw up a deal as Chief Executive Kasper Rorsted seeks to put an end to the ill-fated investment.adidas bought Reebok in 2006 for around US $ 3.8 billion or €3.1 billion in a bid to stay competitive. Since then, the proportion of revenue that comes from Reebok has fallen for adidas.After taking over a

Image Courtesy: mlive.comAmerican retailer JCPenney has been struggling for past few months to finalise a buyer, but it seems like their woes may come to end soon.CEO Jill Soltau says that she expects the company to exit Chapter 11 bankruptcy proceedings before the holiday season in December.JCPenney has filed a draft asset purchase agreement, moving a step closer to finalising the deal with Brookfield Property Partners and Simon Property Group.Although the deal still needs a court approval amon

Image Courtesy: marketingderby.co.ukThe pandemic is far from over and the rise of a second wave in Europe is forcing the Government to impose a partial lockdown along with stricter guidelines so as to minimise exposure of citizens.British retail was on its way to getting back on its feet but the tougher Government measures have led to a fall in shopper numbers for the fourth week straight, according to market researcher Springboard.The research organisation said that total shopper numbers fell 3

Image Courtesy: indianretailer.comAuthentic Brands Group is eyeing Latin America to spread the reach of its popular fast fashion brand Forever 21.For this purpose, ABG has partnered with AR Holdings which is a leading retail operator in the region.The plan is to launch Forever 21 on e-commerce, wholesale and 26 retail locations across Chile, Costa Rica, Peru, Panama, Colombia, Ecuador, Dominican Republic, Ecuador, El Salvador and Guatemala, with the help of AR Holdings.Forever 21 is a newer acqu

NEW YORK - French luxury goods company Kering, which owns Gucci, Yves Saint Laurent and Alexander McQueen, has been ranked second for its business model and innovation in the Wall Street Journal's list of the world's top 100 most sustainable companies.Gildan Activewear (sixth) and Zara owner Inditex (ninth) are also in the top 10 in the category which reportedly includes more than half of the sustainability categories most relevant for the industry.Kering, which says it can trace the ori

Nordstrom announces the expansion of its pickup option to make shopping more convenient for its customers. With this the company will now be offering order pickup at Nordstrom Rack stores along with the curbside pickup at Nordstrom locations.Image Courtesy: www.sandiegouniontribune.comThe customers shopping on the company’s brands–Nordstrom, Nordstrom Rack and HauteLook–will now be able to opt for store pickup at Nordstrom Rack locations.The service will start later this month.“Our Nordstrom Rac

Fast Retailing, a Japanese manufacturer and retailer company, posted 12.3 per cent decline in its revenue to ¥2,008.8 billion (Japanese Yen) during the fiscal 2020 that ended on August 31, 2020 compared to the revenue of ¥22,90.5 billion in previous year. Business profit for the year dropped 35.9 per cent to ¥170.0 billion (FY19: ¥265.0 billion).Pic: ShutterstockGross profit for the year fell 12.8 per cent to ¥975.8 billion (¥1,119.5 billion). Selling, general and administrative expenses were do

British e-commerce fashion retailer Asos has recorded a pre-tax profit of £142.1 million for the year that ended 31 August 2020.Image Courtesy: internetretailing.netThat’s an extraordinary jump of 329 per cent on last year’s £33.1 million.The retailer has attributed the terrific growth in profits to the huge demand for casualwear and sportswear in last 6 months – expectedly so with ‘work from home’ now being the new normal across the globe.The sales too grew by 19 per cent to clock £3.3 billion.