LUDLOW, Mass. — FT Custom Printing and Embroidery Co-Owner Fams Taal is working on a specialty hat for a client out of his store in Ludlow.
Category: Apparel
Fashion, apparel retailers cut discounts amid subdued demand, low inventory
Leading fashion and apparel retailers are reducing their discounts when demand continues to be subdued and their inventory much lower than earlier by cautious procurement in the last 2-3 quarters, to focus more on margins and profits, chief executives said.
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These companies feel when store footfalls are weak, there is no need to provide additional discounts and instead focus on premiumization of these consumers.
One of the largest apparel retailers and manufacturers, Aditya Birla Fashion & Retail managing director Ashish Dikshit said there is a slowdown which is reflected in the footfalls into malls and stores. The company has decided
Latest Financial News, Finance News today in Bangladesh
A huge gap persists between the apparel industry’s best practices and industry norms, according to the Sustainable Terms of Trade Initiative (STTI).
In a statement issued on March 04, the STTI that consists of 13 industry associations from 10 countries, including Bangladesh’s BGMEA and BKMEA, said the halted EU Corporate Sustainability Due Diligence Directive (CSDDD) sends the wrong message to manufacturers keen to follow European environmental legislation .
During a closed discussion at the 10th OECD Forum on Due Diligence in the garment and footwear sector, the STTI and the OECD stakeholders discussed the intersection of legislation and responsible business
Abercrombie & Fitch forecasts upbeat revenue growth on strong apparel demand By Reuters
© Reuters. FILE PHOTO: Abercrombie & Fitch products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly/FILE PHOTO
By Juveria Tabassum
(Reuters) -Abercrombie & Fitch Co on Wednesday forecast full-year revenue growth above Wall Street estimates, as it bets on strong full-price demand for its apparel brands on the back of a robust holiday shopping season and a strong start to spring in the United States.
Apparel retailers such as Abercrombie and Lululemon Athletica (NASDAQ:) have benefited from efforts to trim inventory and introduce fresh styles on
Workwear And Accessories Company Duluth Beats on Q4 Top Line, Women’s Apparel Shines — TradingView News
Duluth Holdings 
DLTH reported a fourth-quarter FY23 sales increase of 1.6% Y/Y to $245.6 million, beating the consensus of $242.5 million.
Revenue benefits from higher conversion rates and greater mobile penetration. Retail store net sales decreased by 12.2% Y/Y to $73.4 million, and Mobile net sales grew 20.0% Y/Y in the quarter. Women’s apparel net sales rose 12.4% Y/Y on double-digit growth across Duluth and AKHG brands.
Gross margin decreased to 48.2% from 51.2%, and the gross profit fell 4.4% to $118.4 million, primarily due to a lower mix of full-price sales. EPS of $0.21 missed the analyst consensus of
USITC to probe ‘unhealthy competition’ in garment pricing
The United States International Trade Commission (USITC) will hold a hearing involving Bangladesh to look into whether unfavorable competition contributed to the recent increase in the cost of apparel imported from Bangladesh.
According to the USITC, the average price that the US paid for apparel originating from different countries was recently surpassed by the amount that the US paid for each unit of Bangladeshi garments. This led the organization to initiate an inquiry to see whether any instances of anti-competitive behavior occurred.
According to its website, the USITC is an impartial, quasi-judicial federal organization that is
Iconic California Designer Sue Wong Celebrated in Style
Sue Wong Models Anna Gupta & Jazzika Kile; Honoree, Fashion Designer Sue Wong; Chairwoman Yu-Sai Kan. | Photo by Sheri Determan
Christian Chensvold, Associate Editor | Wednesday, March 6, 2024
Photo by Sheri DetermanVisionary California designer Sue Wong was recently honored at the third annual “Outstanding Asian American Women Who Dared” charity event, held Feb. 27 at the Taglyan Complex in Los Angeles. The event was co-presented by the China Institute in America and the Yue-Sai Kan One World Foundation and chaired by Yue-Sai Kan, celebrated by People magazine as “the most famous woman in China.”
Wong’s speech was
Red Bull announces $200m record-breaking apparel deal | F1
Red Bull and sportswear brand Castore have announced an extension to their partnership which they describe as “record-breaking”.
The deal is “worth in excess of $200m” and is the “largest ever apparel partnership in Formula 1 with regard to longevity and value”.
It is “the single largest commitment by duration and value of a sportswear brand in the history of motorsports”.
Red Bull and Castore first became partners two years ago.
Drivers Max Verstappen and Sergio Perez wear Castore clothing in the F1 paddock as part of their Red Bull attire.
Castore says their clothing “uplifts athletes with the edge