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  • Woolworths Holdings Limited (WHL), a South African retail company, reported 5.3 per cent turnover and concession sales growth to R43.0 billion (rand) in the first half (H1) fiscal 2021 ended on December 27, 2020 compared to R40.9 billion in the same period prior year. Company’s profit for the period rose 75.7 per cent to R2.7 billion (H1 FY19: R1.5 billion).Gross profit during the 26 weeks period was R14.5 billion (R14.1 billion). Whereas, operating profit grew to R3.8 billion (R3.2 billion).Woo
  • Ultracor has selected the next generation of e-commerce technology with the introduction of cryptocurrency payment options to the brand’s online shopping portal. Known for pioneering the sustainable future of eco-luxury performance apparel, Ultracor sculpting activewear highlights the unlimited potential of environmental efficiency in clothing design.Pic: PR NewswireLeveraging advanced large-format digital printing technology, founder of Ultracor, Asha Kai, uses a lean zero-waste/zero-inventory
  • Pic: BirkenstockBrand: BirkenstockLocation: IndiranagarArea: 170 sq mt, over two floorsProduct profile: This new store by Birkenstock unveils the brand’s largest orthopaedic display ‘footbed’ in Asia. Apart from timeless classics such as Arizona, Gizeh and Madrid, the product range in sustainable core materials such as cork, natural latex, milk and jute, and in trendy colours and styles caters to women, men, and children.Store design: A highlight at the store is the brand’s largest orthopedic di
  • LONDON – Apparel rental platform MyWardrobe HQ has partnered with British fashion brand Belstaff to launch what it claims to be the UK’s first casual menswear rental offering.The pair say the venture is “symbolic of how fashion is changing” and will particularly appease millennial consumers with a “no ownership” mindset. “Rental is going from strength to strength in the womenswear market, and menswear is an obvious next step – in fact, 30 per cent of our existing database are men so we know that
  • Moncler, an Italy based apparel and lifestyle luxury brand, has reported 12 per cent revenues decline to €1,440.4 million in its complete fiscal 2020 that ended on December 31, 2020, compared to the revenues of €1,627.7 million in the previous year. Company’s net income for full year decreased to €300.4 million (FY19: €358.7 million).Pic: MonclerGross margin during FY20 was €1,089.6 million (€1,265.3 million). EBIT (earnings before interest and taxes) slipped to €368.8 million (€491.8 million).R
  • Moncler, the world-renowned luxury fashion group based in Milan (Italy), witnessed a fall of 11 per cent to €1.4 billion in its 2020/2021 financial year.Image Courtesy: esquire.comThe fall has been attributed to frequent store closures, travel restrictions and tighter lockdown rules at different times of the year.The brand’s revenue in Europe, the Middle East and Africa – excluding Italy – saw a drop of 18 per cent for the year that ended 31 December 2020. In Italy, the revenue slumped by a worr
  • Arket, the lifestyle brand, is set to launch its maiden flagship store in Seoul, Korea on 26 February (Friday).Image Courtesy: rli.uk.comOwned by fast fashion giant H&M, Arket’s new store is located inside The Hyundai Seoul – a new store in the centre of Yeouido.Arket’s store launch will not only mark its debut in South Korea, but will also see the brand’s much-awaited foray into Asia.Come autumn 2021, Arket will also be opening a new store in Beijing, which will be its first physical store
  • Mango, a Spanish fashion group, has launched new store concept that reflects spirit and freshness of the brand. This new concept is influenced by Mediterranean culture and style, in which warm tones and neutral colour bases predominate and are combined with traditional, artisanal, sustainable and natural materials, such as ceramic, esparto grass and leather.Pic: MangoSustainability, energy efficiency and architectural integration within the environment are key objectives for the brand. For this
  • In the aftermath of COVID-19, the local clothing businesses seized hold of the major festival seasons to stand erect all again. In the last year, local brands and retailers missed the two biggest annual events as the pandemic was at its peak that time. So they have been gearing themselves up recently.Figure 1: In the aftermath of COVID-19, the local clothing businesses seized hold of the major festival seasons to stand erect all again.Clothing businesses saw their last big days in February 2020,
  • STOCKHOLM – Global retail giant H&M has today issued a €500 million, sustainability-linked bond, which it says provides incentives for the company to meet a series of environmental targets by 2025.Image: © Leonard Zhukovsky | ShutterstockThe sustainability-linked bond, which was 7.6 times oversubscribed, is actually new on the market and, unlike green bonds, are directly linked to a company meeting defined sustainability targets.For H&M these targets are related to use of recycled materi
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