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  • Trade amongeconomies in Asia and the Pacific (APAC)rose to the highest level in three decades, bolstering the region’s economic resilience amid the COVID-19 pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, according to a report by theAsian Development Bank (ADB).APAC trade grew by 29.6 per cent in the first three quarters of 2021 compared with global trade growth of 27.8 per cent.Trade within the region rebounded by 31.2 per cent during the same period,
  • LA Fashion Week (LAFW), the Official Fashion Week for the city ofLos Angeles, is set to return onApril 1, 2022under the umbrella of N4XT Experiences, a premier and global event experience company. The joint forces will elevate LAFW’s presence in the preeminent trend-setting city, creating greater opportunity for established and emerging brands.N4XT Experiences is a live events platform launched in 2022 by brand guruCiarra Pardo, former chief creative officer of Fenty, Imad Izemrane, president an
  • Though the impact of the Omicron variant remains highly uncertain, future business expectations also remained largely unchanged, as any concerns over disruptions caused by rising case numbers were largely offset by the improving supply situation and growing hopes that any disruptions would be modest compared to prior waves, London-based IHS Markit said.An unchanged JPMorgan global manufacturing purchasing managers’ index (PMI) reading in December 2021 masked improvements in various sub-indices:
  • Decathlon, the French retail bigwig, has seen its UK revenue drop by 4.5 per cent to £225.7 million in the year that ended 31 December 2020.The online revenue in retailer’s UK business too rose by a whopping 122.4 per cent. However, it is imperative that it made an overall loss before tax of £5 million during the said period.What’s notable is that the loss is narrower than what Decathlon had made a year before (£7.5 million). The retailer, reportedly, also said that it still sees the UK as a str
  • Rent the Runway (RTR), US-based designer clothes rental business has announced that it will enter the fast-growing resale market in an effort to attract new consumers.Shoppers may now peruse the company's selection of designer items for purchase, however, the company's rental service will remain available.The business announced that all consumers may now get a discount on secondhand designer clothes on its platform. Previously, this option was only available to customers who paid a month
  • Online coupons provider Wethrift released its Inclusive Index, disclosing the most and least size-inclusive retailers available in the UK, from fast fashion brands to luxury labels. The winner? Online retailer SheIn.A one-size-for-all approach is often witnessed in the fashion industry, all retailers and prices included. However, many brands have committed to being more inclusive and have developed their plus-size offering over the last few years. The UK’s average national size being a UK16 - EU
  • Model and actress Rosie Huntington-Whiteley can add another title to her impressive resumé, founder and chief creative officer of her own beauty line, Rose Inc, which launches make-up and skincare products this week in the UK, the US, Canada and Australia.Billed as “effortless and effective, clean and clinically proven, sensual and sustainable,” Rose Inc is a clean colour cosmetics brand that is vegan, cruelty-free and utilises refillable, sustainable packaging.Huntington-Whiteley isn’t new to t
  • Shoe Carnival, Inc. reported net sales of 332.2 million dollars for the second quarter of fiscal 2021, a 10.5 percent increase compared to the second quarter of fiscal 2020.The company attributed the sales increase to continued broad-based demand for the product offerings, a more normalized beginning to the back-to-school season, improving macroeconomic factors in the U.S. and the easing of Covid-19 restrictions.Gross profit margin for the quarter increased 13.4 percentage points to 40.9 percent
  • For the second quarter of fiscal 2022, Guess Inc. recorded GAAP net earnings of 61.1 million dollars, a 141.1 percent increase from 25.3 million dollars for the second quarter of fiscal 2020. GAAP diluted EPS increased 160 percent to 91 cents compared to 35 cents for the second quarter of fiscal 2020.The company’s adjusted net earnings were 64.1 million dollars, a 133.7 percent increase from 27.4 million dollars for the second quarter of fiscal 2020, while adjusted diluted EPS increased 152.6 pe
  • SGS, a globally renowned lab for testing, inspection and certification procedures, has developed a copyrighted 4C model, to implement an effective chemical management programme to protect human health and the environment from the harm caused by hazardous chemicals in the textile processing industry.To facilitate the industry in its proper understanding and implementation, SGS is organising a webinar on 28 September to discuss assessment of chemical management in the textile manufacturing industr
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