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H&M picks Eastman Naia for its eco-luxe collection
Swedish fashion retailer, Hennes & Mauritz (H&M), has chosen Eastman Naia Renew cellulosic fibres in its conscious exclusive autumn/winter 2020 collection. H&M’s sustainable womenswear collection will feature eco-luxe garments made from Naia Renew, a cellulosic yarn made from 60 per cent certified wood fibres and 40 per cent recycled waste plastics such as carpet fibres and plastic packaging.
Freakins new capsule collection with Pryanca Talukdar
Denim homegrown label Freakins, known for its stylish denim wear, launched its new capsule collection in collaboration with fashionista Pryanca Talukdar. The collection celebrates bold women, who want to experiment with their style irrespective of their age, size and skin.
Abercrombie & Fitch digital sales grow 43% in Q3 FY20
Abercrombie & Fitch, a global specialty retailer of apparel and accessories through three renowned brands, has reported 5 per cent sales decline to $819.6 million in its third-quarter (Q3) for fiscal 2020 ended on October 31 compared to sales of $863.4 million in same period previous fiscal. However, digital sales jumped 43 per cent to $382 million.
Blackberrys launches Independence Day campaign
As the nation preps up to ring in the significant day of our Independence, Blackberrys, India’s leading menswear brand presents a new campaign #UnitedWeRise. In sync with the brand’s ‘Keep Rising’ philosophy; this latest campaign motivates the people to fight the obstacle of Coronavirus with strong will and unity.
Ralph Lauren reports net loss of $128 mn
Ralph Lauren posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year.
Phoenix Mills to reopen its retail malls in Maharashtra
The Phoenix Mills Limited (PML), India’s largest retail-led mixed-use asset developer and operator, announced the reopening of its three flagship retail malls in Maharashtra as per the Unlock 3.0 guidelines of the Government of Maharashtra.
Dynamics of value-added chains
The reduction in the share of value-added in sectors such as textiles and footwear is due to increased reliance on import of raw materials, writes Aishwarya Sanas.
Can retail industry survive Covid-19 lockdown
Retailers in the country at this point are not looking to make profits, but are rather looking for a way to stay afloat and provide for the employees and other stakeholders, writes Sanjay Vakharia.
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