Turkish clothing retailer LC Wakiki recently opened its flagship store in Uganda’s capital Kampala. It is located in Acacia Mall, a high-profile shopping complex, the store is part of the firm’s Africa growth strategy. Since President Recep Tayyip Erdogan visited Uganda in 2016, several Turkish businesses have increased their footprint in the African nation.Pic: Milenova Elena / Shutterstock.comLC Waikiki opened its first international store in 2009 and has since expanded rapidly across the worl

Ted Baker, the global British lifestyle brand, has reported 45.9 per cent revenue decline to £169.5 million in its first half (H1) of fiscal 2021 that ended on August 8, 2020, compared to the revenue of £313.3 million in same period last fiscal. Company incurred a loss before tax of £86.4 million (H1 FY20: £23.0 million) in first six months."This has been an unprecedented period for Ted Baker and today's interim results clearly show both the impact of the Covid-19 pandemic and the steps

Lakmé Fashion Week and Nexa have brought to the fore pathbreaking and inspiring innovations through technology and keeping up that momentum, they are all set to introduce India's first-ever ‘Nexa Digital Couture in association with Lakmé Fashion Week.’Six celebrated and esteemed designers from the fashion fraternity will be bringing this concept to life.Abraham & Thakore for Nexa Digital Couture with LFW. Pic: LFW"Nexa Digital Couture promises to bring to consumers a one-of-a-kind i

The global export of knitted dresses has increased 3.38 per cent to $8,820.67 million in 2019 from $8,532.32 million in 2017. Total exports raised 2.07 per cent in 2019 over the previous year. However, the export is expected to drop to $8,458.40 million in 2022 with a rate of 4.11 per cent from 2019, according to.Pic: ShutterstockThe global import value of knitted dresses was $8,705.52 million in 2017, which improved 6.69 per cent to $9,287.52 million in 2019. Total imports were up 2.01 per cent

Never before has one seen bricks-and-mortar stores in such a bad shape as it has been this year – all thanks to the pandemic.Image Courtesy: retailnews.asiaAmidst all this, Spanish fashion retailer Mango is all set to enhance its bricks-and-mortar presence in the US.The clothing retail giant has expressed its plans to roll out 3 stores in the first quarter of next year.Notably, the new stores will be opened in 3 major US shopping centres that are run by the renowned Simon Property Group.The Span

Vince Holding Corp, a leading global contemporary group, has reported financial results for the third quarter (Q3) of fiscal 2020 ended on October 31. Net sales during Q3 FY20 fell 34.0 per cent to $69.0 million compared to $104.5 million in the same period previous fiscal. Company’s net income decreased to $4.9 million (Q3 FY19: $6.0 million).Pic: Vince Holding“We saw sequential improvement in our sales trends and delivered an operating profit, even excluding the benefit of rent concessions, th

NEW YORK - Fashion brand Karl Lagerfield has banned the use of exotic skins such as those of snakes and crocodiles from all products in due to fears of diseases, such as COVID-19, passing from wildlife to humans.Animal rights organisation PETA immediately welcomed the decision which comes after Lagerfield banned fur from its collections back in 2019.Source:Eco Textile

LK Bennett, the UK-based luxury fashion brand, has got an approval from creditors for its company voluntary arrangement (CVA).Image Courtesy: drapersonline.comThe British retailer, known majorly for its womenswear, has said that CVA will also lead to the closure of 5 stores, with the remaining of its stores switching to turnover-based rent model.Store closures would also mean that there would be small redundancies as well. Back in August too, the retailer had restructured the team at its stores,

French fashion technology and forecasting company Heuritech has released Asia SS21 trend report focused on China and Japan.Heuritech analysed collections from Shanghai and Tokyo fashion weeks to determine key trends this SS21.Gingham has emerged as one of the top prints featured on the catwalks and the streets for the Japanese market, with varying modern iterations.The print Gingham will be up 11 per cent next Summer in Japan as compared to Summer 2020, while the same print will be down by 8 per

Image Courtesy: www.everymum.ieMumbai-based Greendigo Organic Clothing – a brand for sustainable and ethical clothing for kids – has collaborated with Trishul NGO for the distribution of clothing to the underprivileged children over the festive season.The brand founded by sisters Meghna Kishore and Barkha Bhatnagar Das are distributing clothes from their certified organic cotton childrenswear line to children in urban slums and economically underprivileged villages in partnership with Trishul ov