The Buckle Inc, a US-based fashion retailer, posted 17.7 per cent increase in its net sales to $318.8 million during the fourth quarter (Q4) FY20, ended on January 30, 2021 compared to sales of $271.1 million in same period prior fiscal. The company’s online sales for the quarter jumped 81.5 percent to $66.2 million (Q4 FY19: $36.4 million).Pic: The BuckleGross profit rose to $163.5 million ($128.6 million), while operating expenses were $78.9 million ($68.7 million). The company’s net income du

SAN FRANCISCO – Second-hand fashion marketplace The RealReal has launched a new upcycled apparel collection in partnership with some of fashion’s leading firms to offer luxury items a new life.Image Credit: The RealRealThe company has acquired unwanted stock from the likes of Stella McCartney, Balenciaga and Dries Van Noten to kick-start its new ‘ReCollection’ programme.Los Angeles-based circular business Atelier and Repairs has been recruited to undertake product repairs in a zero-waste process

Esprit Holdings Limited, a Germany-based fashion brand, has reported revenues from both continuing and discontinued operations of HK$886 million (Hong Kong dollar) in its first half (H1) of fiscal 2021 that ended on December 31, 2020. The group’s operating loss from continuing operations (LBIT) for the six-month period was HK$2.7 billion.Pic: ShutterstockGross profit for the period was HK$376 million. Loss attributable to shareholders of the company was HK$414 million.“As our own brand website a

What: Shirin Mann launches conscious, sustainable luxury label SandPic: Sand by ShirinCompany: Sand by ShirinCollection: With an earthy colour palette, intrinsically linked to the brand’s name, Sand plays around with the tones of nature- mustard, beige, browns, bone, ivory, grey, ecru along with dusty pinks, mints and black. With clean lines, flattering silhouettes, Sand creates versatile ensembles that move from work to play, brunch to dinner and boardroom to bar.USP: The label is Shirin’s ode

SDA Bocconi School of Management and Enel X have joined hands to unveil the Monitor for Circular Fashion – a first of its kind project to assess and provide a picture of the status of the circular economy in the Italian fashion industry. The initiative has been joined by some of the industry’s key players who have shared significant inputs for the project.Pic: ShutterstockThe Monitor for Circular Fashion intends to engage a representative cross-section of the Italian fashion industry across the

BARCELONA – Spanish fashion brand Mango has announced that 79 per cent of its garments now integrate more ‘sustainable’ fibres.These products now align with the principles of the brand’s Committed Collection, which it launched in 2017 with the ambition of offering sustainably-made clothing. At that time, just 44 per cent of the company’s portfolio comprised such materials.“We have made the commitment to continue working to become a more sustainable company. This is why we are taking huge steps w

PARIS – Luxury brands Alexander McQueen and Balenciaga, both owned by fashion conglomerate Kering, have banned the use of animal fur within their supply chains.The news was disclosed in Kering’s 2020 Universal Registration document, which stated that in addition to the likes of Gucci having fur-free policies “Balanciaga and Alexander McQueen also no longer use fur in their collections”.It comes after a coalition of fashion designers, including Stella McCartney and Vivienne Westwood, signed a let

Isko, the world’s leading denim ingredient brand headquartered in Turkey, has launched the Isko Selvedge, a 21st century reinterpretation of one of the most legendary denim fabrics ever made. Inspired by the history and reverence of original Selvedge denim, Isko has applied its high-performance patented technologies to develop a new Selvedge range.Pic: IskoAvailable in a wide selection of weights, stretch options and finishes, Isko Selvedge adds flexibility, softness and comfort to a fabric more

L Brands, the American fashion brand, has increased its guidance for Q1.Image Courtesy: businessinsider.inWhile confirming the same in a statement released to media, the US-based retailer said that there was a shift in consumer spending patterns, which it owed largely to relaxation in pandemic restrictions.The retailer also attributed shift in consumer spending to Government stimulus payments to households.This has also enhanced the performance of retailer’s brands such as Victoria’s Secret and

The U.S. Cotton Trust Protocol welcomes luxury brand Byford as a member of the system that provides brands and retailers with the critical assurances they need to validate that the cotton fiber element of their supply chain is more responsibly grown.Byford, founded in Leicester, UK with its origins dating back the early 20th century, is dedicated to quality garments, reflecting a commitment to high standards of design and craftsmanship. Today, the brand has more than 1,500 sales points in over 2