The same-store apparel sales in 10,806 stores of 56 firms associated with Japan Chain Stores Association (JCSA) have gone down in July ’20 and August ’20 both on M-o-M basis and Y-o-Y basis.After rising 40.11 per cent in June ’20 over May ’20, the apparel sales dropped by 17.75 per cent in July ’20 from June ’20 and by 13.40 per cent as compared to July ’19 to clock just 65,275 million yen revenue.The drop continued even in August ’20 as revenues further plunged by 12.88 per cent as compared to

Stoll, leader in flat knitting technology, unveils its latest trend collection FASTER: From (CONCEPT) – To (STORE), which is driven by the motto of its Fashion & Technology department ‘Design to Inspire’.Image Courtesy: textilevaluechain.inThe knitting tech supplier motivates the fashion industry to copy details and integrate them to their design work, focusing on style groups and price points.The company mentions that though the industry works on protecting themselves from being copied, Sto

All We Wear Group (AWWG), originally known as Pepe Jeans, has announced the closure of 50 stores worldwide as well as some international offices as part of its ‘Re:set’ transformation strategy.Image Courtesy: stores.pepejeans.comNotably, “AWWG Group had launched the ‘Re:set’ transformation plan in January.This programme has now been accelerated and adapted due to COVID-19 to address the company’s new needs,” read a statement released by AWWG.As part of the transformation plan, the retailer will

H&M is at an up-to-date stage for potential development as it has earned better than expected positive reviews on new collections. Combined with high-cost management, Full Price revenue allowed the business to turn a profit before tax to SEK 2 billion in the third quarter.In the third quarter, H&M decreased its revenue to 16%. The brand’s profits fell to SEK50.870 billion in Swedish currency by 19%. At the height of the pandemic, the company closed about 900 of its 5,000 stores. While se

Dick's Sporting Goods, a US-based full-line omni-channel sporting goods retailer, posted 20 per cent sales growth to $2.71 billion in its second quarter (Q2) FY20 ended on August 1, 2020, compared to the sales of $2.25 billion in the same period previous fiscal. Company’s net income for the quarter jumped to $276.84 million (Q2 FY19: $112.53 million).Pic: Shutterstock“We had an exceptionally strong Q2 in which we delivered our highest ever quarterly sales and earnings,” Edward Stack, chairma

The global export of clothing accessories declined 5.89 per cent from $21,188.61 million in the year 2017 to $19,941.08 million in 2019. Total exports declined 10.07 per cent in 2019 over the previous year, according to data from TexPro. Further, the trade is expected to move up to $21,731.69 million in 2022 with a rate of 8.98 per cent from 2019.Pic: ShutterstockThe global import value of clothing accessories was $14,199.99 million in 2017, which dropped marginally 1.29 per cent to $14,382.55 m

The H&M Group, a Swedish multinational clothing-retail company, has reported 16 per cent sales decline to SEK 50,870 million (Swedish krona) in its third quarter (Q3) fiscal 2020 ended on August 31, compared to the sales of SEK 62,572 million in the same period previous year. Profit for the period fell to SEK 1,821 million (Q3 FY19: SEK 3,859 million).Pic: Shutterstock“Through much-appreciated collections and rapid, decisive actions, we returned to profit already in the third quarter. Our em

The UKEnvironmental Audit Committee (EAC)will follow up work on its 2018 inquiry, ‘Fixing fashion: clothing consumption and sustainability’. EAC has chosen to revisit the issue to monitor its progress due to continued concerns around the environmental impact of the fashion industry and work conditions in UK garment factories. The government rejected most EAC recommendations in 2019.Pic: ShutterstockThe 2019EAC recommendationsranged from a producer responsibility charge to pay for better clothing

J Jill, a US-based premier omnichannel retailer and women’s apparel brand, has announced the appointment of Claire Spofford as chief executive officer, effective no later than February 15. Spofford will also become a member of the board of directors. Company further stated that Jim Scully will remain interim CEO to ensure a smooth transition of the role.Pic: ShutterstockSpofford a veteran retail executive with more than 20 years of experience, most recently served as president of Cornerstone Bra

Value and lifestyle fashion retailers in India are expected to witness 35-42 per cent decline in revenues in fiscal 2020-21, according to ICRA, which recently said revenues in the second quarter, though improved sequentially, are expected to remain substantially lower on a year-on-year (YoY) basis, adversely affected by local lockdowns and restrictions.A meaningful ramp up in sales is expected from the third quarter onwards, led by increased demand during the festive season and the substantial e