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Latest news, insights and expert analysis on garment and textile retail business, manufacturing, textile and apparel trade, sustainability in textiles and textile trade policies.
Apparel Resources » Business
12h ago
Global denim brand, Wrangler, has announced the launch of six new stores in India. With this launch, the company aims to reach customers beyond Tier-1 cities. Ujjain, Goa, Bilaspur, Indore, Katihar and Bareilly will now have their own exclusive Wrangler stores. These stores are accessible in both shopping malls and high-street locations. Each store spans […]
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Apparel Resources » Business
13h ago
Vietnam is home to one of the largest textile and garment industries in the world. The strategic location of the country, labour costs, a large port system and the ability to produce an array of high-value products makes it a key player in the sector. As per the Vietnam Textile and Apparel Association (VITAS), Vietnam […]
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Apparel Resources » Business
13h ago
Bata India MD Gunjan Shah has revealed that the brand is targeting a new customer segment amid the rising demand for lower-price point footwear, as per a recent report. The footwear brand MD said that the post-Covid world and rising inflation have brought a shift in customer preferences and a higher demand for affordability and […]
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Apparel Resources » Business
13h ago
In order to safeguard its garment sector before it leaves the list of least developed countries (LDCs) in 2026, experts caution that Bangladesh must closely follow the EU CSDDD. In order to achieve net zero carbon emissions by 2030, the directive, which went into force in July, requires sourcing businesses to comply with a number […]
The post EU Due Diligence essential for sustainable RMG business in Bangladesh appeared first on Apparel Resources ..read more
Apparel Resources » Business
13h ago
Sustainable brand Virgio has been awarded ‘Company of the Year’ at PETA India’s Vegan Fashion Award 2024. This prestigious annual award honors brands that make a notable impact on animal-friendly fashion by promoting vegan products, leading ethical design innovation, and encouraging compassionate consumer choices. Amar Nagaram, CEO and co-founder, Virgio said that the company is […]
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Apparel Resources » Business
14h ago
For the July to September quarter of the current fiscal year 2024–25, Beximco Limited reported a loss of Taka 113 crore, a substantial increase from the Taka 70 crore loss recorded for the previous year’s quarter. The conglomerate blamed this decline on a number of issues, such as political upheaval, a curfew enforced by the […]
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Apparel Resources » Business
14h ago
The July-September quarter of this year saw a financial setback for Bata Shoe Company Bangladesh, which attributed its losses to major disruptions brought on by unanticipated events, including as a student-led rebellion in July. According to Bata executives, the company’s operations were negatively impacted by the significant number of working days lost as a result […]
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Apparel Resources » Business
14h ago
Beauty and fashion e-commerce giant Nykaa has appointed Abhijeet Dabas as executive vice president and business head for its fashion wing. He previously served as the CEO of Cars24 South East Asia. In his new role, Dabas will helm Nykaa Fashion’s online growth strategy. He will focus on expanding the global footprint of the company, […]
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Apparel Resources » Business
16h ago
The global luxury segment has witnessed the weakest performance in 2024 since 2008, as per a report released by Bain & Co., a global management consulting firm. This decline is primarily attributed to rising prices and economic uncertainties, the report added. Amid the significant downturn, the US $ 386 billion market is likely to witness […]
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Apparel Resources » Business
16h ago
Amazon has unveiled a new low-price shopping experience segment, Amazon Haul, in direct response to increasing competition from Chinese marketplaces like Temu and growing consumer demand for value-oriented products. This new segment is currently in its trial phase and has been introduced to a limited section of consumers in the United States who have the […]
The post Amazon unveils beta phase of new low-price ‘Amazon Haul’ in US appeared first on Apparel Resources ..read more