2020 has been an eventful year for J. Jill as it has been for most of the retailers across the globe.Image Courtesy: livinginstyleoc.comIt was only last month that the leading American womenswear retailer had exited Chapter 11 after it had got approval from its lenders.Also Read:J. Jill wards off bankruptcy as lenders give consentAnd now the retailer has announced the name of new Chief Executive Officer (CEO).In a statement released to media, J. Jill has said that Claire Spofford will assume the

Here’s Looop!Image Courtesy: top4man.ruThat’s H&M’s first garment-to-garment recycling system, which will be unveiled in its Drottninggatan store in Stockholm on 12 October (Monday).The recycling machine uses technique that dissembles and assembles old garments into new ones.The process involves cleaning the garments and shredding them into fibres and spinning them into new yarn which are then knitted into new fashion items.The development is enabled by the company’s non-profit foundation an

US Bankruptcy Judge David Jones has urged a group of JCPenney creditors to submit a rival bid so as to buy the struggling retailer.Image Courtesy: startribune.comThe group of creditors, which include Aurelius Capital Management that holds US $ 162 million of term loans and other JCPenney debt, earlier this week, had slammed the deal wherein Simon Property Group and Brookfield Property Partners would buy the retailer’s operations.The creditors had said that the aforementioned deal was overly gene

The sales momentum keeps continuing for Sosandar!Image Courtesy: Sosandar.comAfter a good first quarter, the UK-based online women’s fashion retailer saw its half-yearly sales ended 30 September 2020 jump by an impressive 52 per cent to clock£4.3 million.The second quarter sales rose by 50 per cent year-on-year (Y-o-Y) helping to drive a material reduction in Sosandar’s EBITDA loss.August, in particular, saw a higher proportion of repeat orders along with a huge demand for its full price summer

IBM, the American multinational technology company in collaboration with Burberry, has developed Voyage – a prototype of product traceability technology.The development is a part of the tech supplier’s internship programme with the theme ‘Sustainability in Fashion’.Image Courtesy: www.forbes.comThe participant students were tasked with designing, development and testing of an innovative new product for an IBM client. The work was been done in collaboration with Burberry’s digital experts.Voyage

Authenticated luxury consignment marketplace The RealReal has joined hands with Gucci through the end of the year to unveil an online shop featuring pre-loved Gucci items and promote circularity for luxury fashion. For all Gucci purchases or US consignments made through The RealReal, the companies will also plant a tree through nonprofit One Tree Planted.The RealReal is the world’s largest online marketplace for authenticated, consigned luxury goods. Planting of trees will help The RealReal’s gl

H&M confirms plans to shut 250 stores in 2021, nearly 5 percent of its total 5,000 global locations to invest more rigorously in digital operations. About one-quarter of its 5000 stores globally will have the chance to renegotiate or end leases next year which will allow the Swedish retail giant to shut down some stores in the process.Figure 1: H&M plans to close 250 stores worldwide in the next year.Why such closures?The pandemic’s hostile impact has changed consumer behavior in various

GREENSBORO - Wrangler and Lee jeans owner Kontoor Brands has announced its ambitions to reduce the environmental and social impacts of denim and apparel production in its first set of global sustainability goals.They include new commitments on the use of innovative foam dyeing technologies, the sourcing of sustainable cotton, and steps to ensure the wellbeing of workers in the company's supply chain.“Denim is known as being tough, durable and long-lasting. But the production process historic

American mall owner Brookfield Properties has experienced a serious dent in its revenue due to the pandemic.Image Courtesy: bloomberg.comConsequently, the company has announced its decision to lay off 20 per cent of its workforce in its retail unit, as reported byCNBC.The retail division consists of over 2,000 employees out of which the unfortunate lot found out about the job cut via a memo.“While many companies were quick to implement furloughs and layoffs at the onset of the pandemic, we made

The White House recently honoured the National Retail Federation with the Pledge to America’s Workers Presidential Award, recognising the NRF Foundation’s ‘RISE Up’ initiative. Presidential advisor Ivanka Trump and commerce secretary Wilbur Ross highlighted NRF and eight additional businesses and trade organisations for their workforce development programmes.Pic: ShutterstockDeveloped and managed by the NRF Foundation, the RISE Up (Retail Industry Skills & Education) training and credentiali