ARTEIXO – After Spanish retailer Inditex announced record Q1 sales of €5.93 billion, the company says it will now form a Sustainability Committee within its Board of Directors that will oversee strategies and policies, supervise efforts to monitor the performance of its supply chains and engage with various initiatives to achieve its 2020 goal of eco-efficiency.The company forged a €3.5 million agreement with the Massachusetts Institute of Technology (MIT) in March – just one initiative Inditex

NEW YORK – Luxury fashion retailer Ralph Lauren has revealed ‘Design the Change’, a new set of global citizenship and sustainability strategy and goals which it hopes will “bring clarity and focus to how Ralph Lauren will deliver the change required to create a better future.”The pledges include 100 per cent transparency of chemicals used during production by 2020, eliminating the use of hazardous chemicals in its supply chain by 2025 and 100 per cent of its key materials – such as cotton, polye

The net revenue of Lululemon Athletica has been reported at $782.3 million in the first quarter of fiscal 2019, an increase of 20 per cent compared to the first quarter of fiscal 2018. On a constant dollar basis, net revenue rose 22 per cent. In the reported quarter, the total comparable sales improved 14 per cent, or 16 per cent on a constant dollar basis.Pic: Lululemon AthleticaIn the reported quarter, comparable store sales gained 6 per cent, or 8 per cent on a constant dollar basis. Direct t

Walpole, thebody for the British luxury sector, recently revealed new figures that showed that sales from the UK luxury industries grew by 49 per cent between 2013 and 2017. Thesuggests that the British luxury sector will continue to grow rapidly in the medium term and forecasts the value of sales for 2024 to reach around £65 billion.The above forecast is contingent on the United Kingdom and the European Union (EU) securing agreement on their future trading relationship.British luxury is now wor

Along with continuous expansion, the revenue of Joules, the premium UK lifestyle, in the fiscal 2019 has swelled up 17.2 per cent to £218.0 million as compared to £185.9 million during last year. The growth is the result of the group's strong momentum through the first half of the year and the Christmas trading period continued into the second half.This growth, achieved against the backdrop of a challenging sector trading environment, is testament to the strength of the Joules brand, the app

Southeast Asian e-commerce company Lazada Group’s third ‘See Now, Buy Now’ fashion show in Bangkok recently featured products by 24 Thai designers, who could reach hundreds of influencers, key opinion leaders and well-known local fashionistas present at the venue, as well as thousands of fans and potential customers across the region through live-streaming.Pic: AlizilaHeadquartered in Singapore, Lazada Group was founded by Rocket Internet in 2012 and owned by China’s Alibaba Group. The Bangkok s

Farfetch, the leading global technology platform for the luxury fashion industry, and Gucci, have unveiled ‘Farfetch and Gucci Open House’, an eight-month storytelling content collaboration featuring across Farfetch as part of its recently launched ‘Communities’ initiative. The project sees Farfetch and Gucci go into the homes of its community.Pic: FarfetchOpen House will see people from Paris, Milan, Tokyo, Chicago, Toronto, Los Angeles, Rio de Janeiro and London welcome lovers of Gucci into th

Australian investment firm Alceon Group recently initiated a partnership with ethical fashionGinger & Smart, adding another brand to its growing portfolio ofinvestments. The group has taken a majority stake in the new entity, ARG (Alceon Retail Group) Ginger & Smart, to grow the brand’s local retail and digital presence and expand it globally.Pic: Ginger & SmartThe move is a strategic one to diversify the company’s portfolio and invest in highly desirable retail brands, said Richard

Net sales of G-III Apparel group for Q1 FY2020 ending April 30, 2019, increased 3.6 per cent to $633.6 million from $611.7 million in the same period last year. G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands. G-III’s owned brands include DKNY, Donna Karan, Vilebrequin, G. H. Bass etc.Pic: GIII Apparel“We are pleased to have reported first quarter net income per diluted share that was at the high end of our expectations. Our results were

The Wrangler, part of Kontoor Brands, Inc., has announced the introduction of the first denim apparel dyed with foam, a revolutionary technique that uses 100 per cent less water than conventionally-dyed denim. This global product launch of the foam-dyed denim has marked the Wrangler brand's most sustainable line of denim products in its history.Pic: WranglerThe launch follows the Wrangler brand's Indigood commitment to discover and implement throughout its supply chain the most sustainab