Courtesy: Christopher & Banks Corporation Christopher & Banks Corporation, a specialty women’s apparel retailer, has made progress on the strategic initiatives during the second quarter of fiscal 2018. The company earned net sales of $87.4 million, an increase of 0.9 per cent, while operating on average 462 stores, compared to $86.6 million in net sales during the second quarter of fiscal 2017.Gross margin rate was approximately flat at 28.5 per cent, as compared to last year’s second q

Courtesy: Dream AssemblyFarfetch, a global technology platform for the luxury fashion industry, has selected the first cohort of start-ups for its Dream Assembly programme. The 11 companies were selected from targeted applications from world over. The programme was unveiled in April to provide mentorship, knowledge, networking opportunities and early-stage funding to start-ups. Stephanie Phair, chief strategy officer of Farfetch, said: “We were delighted by the response from so many incredib

Courtesy: Bottega Veneta/ Genesis Colors Limited Reliance Retail Ventures Limited (RRVL), a subsidiary of the Reliance Industries Limited, has purchased 16.31 per cent equity holding in Genesis Colors Limited (GCL) for a consideration of 34.80 crore. This stake purchase is in addition to 49.46 per cent equity holding in GCL held by the Reliance Brands Limited (RBL), a subsidiary of RRVL. Now, the aggregate equity shareholding of RRVL and RBL in GCL stands at 65.77 per cent, Reliance said in

Fibre2Fashion, the leading portal offering multi-dimensional services to the global textile, apparel and fashion industry, is organising a webinar on ‘How athleisure will shape the future of apparel’ on September 20, 2018. The webinar, covering a lot of important aspects of fashion-meets-function athleisure, will be held at 4 p.m. Indian Standard Time (IST). Focusing on how the market is anticipated to witness momentous shifts in the upcoming years, this exclusive webinar will shed light on h

The Cato Corporation has seen strong merchandise margins in the second quarter of fiscal 2018 with net income of $6.5 million or $.26 per diluted share as against a net loss of $0.9 million or a loss of $.03 per diluted share in the second quarter of 2017. Sales were 206.8 million, or an increase of 1 per cent from $205.0 million during 2017 second quarter. "We had a solid performance in the second quarter and first half of 2018 mainly due to positive same-store sales and strong merchandise m

Courtesy: Gap Inc In the second quarter of fiscal 2018, the net sales of Gap, a leading global retailer of clothes and accessories, have been recorded at $4.1 billion, an increase of 8 per cent compared with last year. Excluding the presentation changes from the adoption of the new revenue recognition standard, net sales went up 4 per cent compared with last year. The company registered gross profit of $1.63 billion during the reported period, an increase of 10 per cent compared with last ye

Inditex’s brands will be available online from anywhere in the world by 2020, said Pablo Isla, Inditex chairman and CEO. Further, the brands will adopt integrated stock management system in all the countries in which there is a physical store presence. This system will make it possible to fulfil online customer orders with store inventory. This advanced platform is possible with radio frequency identification technology (RFID) which is already fully deployed at Zara and Uterqüe globally. The

The third edition of Centrestage, Asia's premier fashion event, has kick-started with 230 brands from 22 countries, showcasing high-calibre local and international fashion talents. New participants this year include brands from Austria, Canada, Germany, Poland and Switzerland. The four-day concluding on September 8 centres on the theme 'Tomorrow Lab'.Centrestage 2018 was launched today with a series of fashion shows by emerging local talents at the Fashionally Collection #12 and Fashionally Pres

CentreStage 2018, the third edition of Asia’s premier fashion event, will have a record-breaking 220 fashion brands from 22 countries and regions as participants. Brands and designer labels from Austria, Germany, Poland and Switzerland will participate in the event for the first time. It will be held from September 5-8, 2018 in Hong Kong. Organised by the Hong Kong Trade Development Council (HKTDC), the event has rapidly gained momentum since its inception and continues to solidify Hong Kong

Around 230 local and international fashion brands from 22 countries and regions are participating in the third edition of Centrestage, Asia’s premier fashion event, to be held during September 5-8 in Hong Kong. The show will feature three theme zones – Iconic Allure and Metro - and host over 20 fashion shows and parades. There will be about 40 events. The opening gala fashion show Centrestage Elites will feature the 2019 Spring/Summer collections of Japanese avant-garde streetwear label Face