With unaudited revenues of € 463.2 million for the first quarter, Ermenegildo Zegna Group reported growth of 8.1 per cent, or 10.7 per cent, at constant currency and 5.3 per cent on an organic growth basis. The Thom Browne segment reported revenues of € 79.1 million, down 30.2 per cent and 35 per cent, while […] The post Zegna’s Q1 revenues improve, while Thom Browne declines appeared first on Apparel Resources ..read more

With the release of a brand-new limited-edition trainer created in association with the sustainable fashion brand ID.Eight, located in Italy, Hellmann’s Canada is raising awareness of food waste. Using typical food waste materials like corn, mushrooms, apples and grapes, the ‘1352: Refreshed Sneakers’ are a way for Hellmann’s Canada to encourage Canadians to reconsider how […] The post Hellmann’s Canada unveils sneakers made from food waste appeared first on Apparel Resources ..read more

After its owner, Associated British Foods (ABF), unveiled intentions to expand its click-and-collect concept across the UK and reported a 7.5 per cent spike in H1 revenue to £ 4.5 billion (US $ 5.56 billion), industry observers are seeing Primark favourably. ABF announced intentions to expand Click + Collect to all UK customers and said […] The post Primark Click + Collect goes UK-wide, H1 sales spike appeared first on Apparel Resources ..read more

  Revenue during the first quarter of the Kering Group, which was € 4.5 billion, decreased by 10 per cent on a comparable basis and by 11 per cent as reported. Reduced shop traffic caused revenue from the directly operated retail network to drop 11 per cent on a comparable basis, according to a statement […] The post Kering forecasts sharp decline in H1 operating profit appeared first on Apparel Resources ..read more

In a major change in focus, the clean-cut Danish hipster brand Ganni has appointed Laura du Rusquec, a former executive at Balenciaga, as its new CEO. “Laura’s extensive experience in EMEA and global markets with specialty in luxury equips her with unique insights and strategies, ideal for leading Ganni into its next phase of growth […] The post Ganni names ex-Balenciaga exec Laura du Rusquec, as new CEO appeared first on Apparel Resources ..read more

Globally e-commerce has proved to be a disruption and Bangladesh is not an exception. The current status of Digital Bangladesh shows promising growth, with e-commerce playing a significant role. It is strongly believed that e-commerce will spearhead Bangladesh’s trillion-dollar economy. Out of the total population of 170 million, there are around 77.36 million (44.5 percent) […] The post High time to focus on e-commerce growth: Farha Mahmud Trina, e-CAB appeared first on Apparel Resources ..read more

As the global funding winter continues, investments in Bangladeshi start-ups fell 70 per cent quarter on quarter (QoQ) to roughly US $ 6.7 million in the January to March period. Compared to the same time last year, the decline is much greater—82 per cent. A LightCastle assessment of the declared deals indicates that the total […] The post Start-up funding falls 70 per cent in January-March appeared first on Apparel Resources ..read more

The social media network TikTok Shop, a marketplace for social commerce, has introduced its “Preowned Luxury” category to the UK market. Declared on 22nd April, Earth Day, the move allows TikTok to compete with high-end secondhand markets like The RealReal, Vestiaire Collective, Depp, and Poshmark while also reaching a wider audience in the United States. […] The post TikTok Shop launches new ‘Preowned Luxury’ category in the UK appeared first on Apparel Resources ..read more

According to the executive leading the UK division, young women are now the main driver of growing demand at fashion brand Uniqlo, which has profited from a number of viral products. Clothing that can be worn “at the office or on a night out” is what Gen Z shoppers desire, according to Alessandro Dudech, Chief […] The post Young women fuelling demand at Uniqlo, UK chief says appeared first on Apparel Resources ..read more

Gildan Activewear has announced the addition of five new members to their board of directors. With effect from 1st May 2024, the following individuals will join as independent directors: Jane Craighead, a former senior vice president of global human resources at Scotiabank; Lynn Loewen, a former president of Minogue Medical; Les Viner, a former managing […] The post Gildan reshuffles board, ropes in ex-Goldman Sachs executive as chairman appeared first on Apparel Resources ..read more