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The journey to digital fashion has now become a serious chase, be it in manufacturing or in retail. It is critical to understand that digital fashion is much more than digitisation, which is simple conversion of data and processes, commonly referred to as digitalisation wherein there is overall transformation, not just processing changes. Though the urgency is real, there is stillinformation asymmetry on the subject with varying expectations of stakeholders when talking about digitalisation. The
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MySize, the developer of smartphone measurement solutions, has announced a partnership with Bitrix, Russia’s largest eStore platform. MySize’s AI-driven sizing solution and personal fit recommendations will be made available to e-commerce sellers on the Bitrix platform, bringing highly accurate footwear and apparel sizing to millions of online shoppers.Bitrix is Russia’s market leader in content management systems (CMS) for e-commerce businesses, serving an estimated 71 per cent of the industry.
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Simone Perele, has announced the launch of a new virtual and non-bias fitting service, with independent sought-after stylist, fitter and boutique owner in the lingerie sector, Sarah Connelly. Known for its beautifully designed luxury lingerie of exceptional quality and fit, Simone Perele is a family run French lingerie house with a 70-year heritage.After nearly more than a year of lockdown, spent by many in sports bras or even no bra, the new virtual styling and fitting session takes place in th
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In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fiber markets. Market transactions improved in the first half of May due to massive procurement by the downstream units but buying sentiment softened later. In China, POY 75/72 prices were up US cents 4 a kg in Shengze while Indian POY 130/34 prices were down US cents 2 a kg.Polyester spun yarn prices in May were firm in China underpinned by recovering polyester feedstock markets. In
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The Buckle Inc, a US-based fashion retailer, has posted 159.2 per cent sales increase to $299.1 million in its first quarter (Q1) of FY21, ended on May 1, 2021, compared to sales of $115.4 million in corresponding period of previous fiscal. The company’s net income for the quarter improved to $57.3 million (Q1 FY20: loss $11.8 million).Gross profit for the period rose to $147.5 million ($26.8 million), while operating expenses were $71.7 million ($43.0 million). The company’s income from operati
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The FashionUnited Index of Most Recognized Fashion Brands gathers the largest fashion brands in the world by brand value. FashionUnited created an unique formula and benchmark for fashion brands to calculate current brand values of publicly and privately held fashion brands.Brand2020 Brand Value $1Nike$36.8 b2Louis Vuitton$32.3 b3Hermes$18.3 b4Gucci$18.2 b5Zalando$17.9 b6Adidas$16.2 b7Tiffany & Co.$15.2 b8Zara$13.5 b9H&M$11.5 b10Cartier$10.7 b11Lululemon$9.6 b12Moncler$9.2 b13Chanel$9.1
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Announcing preliminary results for the 52 weeks ended March 30, 2019, Burberry Group Plc said, revenue excluding beauty wholesale increased by 2 percent CER and 2 percent reported to 2,720 million pounds (3,492 million dollars). Total revenue of 2,720 million pounds was down 1 percent CER and flat reported. Comparable store sales for the year under review improved 2 percent, while wholesale sales excluding beauty rose 7 percent at CER. Adjusted operating profit of 438 million pounds (562 million
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HOLISTIC CERTIFICATIONSB LabB Lab is a leader in economic systems change, a global network which creates standards, policies, and tools for business, and certifies companies—known as B Corps—who are leading the way. To date, our community includes over 3,500 B Corps in 70 countries and 150 industries. Certified B Corporations are a new kind of business that balances purpose and profit. In the fashion industry they are spearheading necessary changes by putting purpose at the center of their opera
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The use of technology in apparel manufacturing is significantly increasing worldwide and it was reiterated at the recently concluded CISMA 2019. The four-day-long event beckoned the world with wide range of ‘Intelligent Manufacturing’ technologies under the theme ‘Smart Sewing Factory – Technologies and Solutions’, grabbing the attention of apparel manufacturing giants located in different partsof Asia.CISMA sprawled over an area of 1,15,000 square metres of Shanghai New Int’l Expo Center (SNIEC
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There is a huge gap between what fashion students learn in the colleges and what they face in the industry. In the ever-evolving fashion industry – where no prediction stays true in long run – it is quite difficult for the freshers to pace up with changing fashion retail, manufacturing or even entrepreneurship landscape and a time comes when they need to upskill themselves to stay relevant and contribute to the betterment of the business.However, unlike before when one found it complex to upskil