Pic: NikeNike recently climbed two places to become the hottest brand in the world in The Lyst Index. It’s the first time since the index began that a luxury fashion brand has not taken the top spot. Nike was propelled by a 106 per cent increase in demand for loungewear and activewear, as consumers sought comfortable clothes for home, exercise and outdoor activities.A series of powerful earned and owned brand moments boosted the brand throughout the quarter, Lyst said on its website. These inclu

Donde Search, a visual discovery solution provider, has collaborated with Garmentory, the online destination for emerging and contemporary fashion, to empower the brand’s online channel with AI visual discovery technology.Image Courtesy: learn.dondesearch.com“We selected Donde Search to power our product discovery after benchmarking and evaluating several options. Automating the tagging process and extracting a rich set of attributes is only the first step in a great partnership,” Sunil Gowda, C

Another brand joining the sustainability streak is the athletic apparel brand Champion.Image Courtesy: meanwhileinawesometown.comIn August, the company will be launching a sustainable streetwear collection Re:Bound, which will be made of recycled Reverse Weave fabric.This fabric is usually a waste from production and is discarded, and has the qualities of being durable and shrink-resistant.Made from 45 per cent pre-consumer recycled cotton, the collection features the best of streetwear staples

Reliance Industries Limited (RIL), an Indian multinational conglomerate company, reported 42 per cent decline in its revenue to ₹100,929 crore during first quarter (Q1) FY21 ended on June 30, 2020 compared to ₹174,087 crore in Q1 FY20. Retail segment fell 17.2 per cent to ₹31,633 crore (₹38,216 crore). However, AJIO brand drove revenues in fashion sector.“The severe demand destruction due to global lockdowns impacted our hydrocarbons business but the flexibility in our operations enabled us to o

German sportswear maker Puma has announced that making a forecast for the full year has been made impossible by the coronavirus-stricken conditions in the world.Image Courtesy: puma-catchup.comThe second quarter sales and profitability of the company have also been greatly affected due to the pandemic.Second quarter sales for Puma were down 30.7 per cent to US $ 975.34 million or € 831 million and the EBIDTA mounted to losses of €114.8 million, rising from the €80.3 million for the same period l

US-based Centric Software has announced the opening of its new office in Vietnam, to help the local manufacturers with their digital transformation journey through its leading Product Lifecycle Management (PLM) solution.Image Courtesy: www.3ds.comPLM solution is a complete solution for product-related activities that help brands, retailers, original design manufacturers (ODMs) and original equipment manufacturers (OEMs).It not only helps in better collaboration, but also enables streamline opera

It’s a first for Moncler, but something that the Italian fashion brand will not like to talk about!Image Courtesy: finance.yahoo.comFor the first time in its history of over 6 decades, the fashion retailer had to report a first-half operating loss.Store closures, due to the pandemic, followed by extended lockdowns and growing fear among consumers to come out of their homes have hit the sales big in Moncler’s second quarter – subsequently impacting its first half.Talking about total revenues, the

The COVID-19 pandemic has driven yet another trade show to cancellation!Image Courtesy: pygmees.euLondonEdge, a UK-based trade fair with focus on youth, lifestyle and subculture fashion, will no longer be hosting its show to be held on 6-7 September at Islington’s Business Design Centre, nor will it go ahead with the VegasEdge, the Las Vegas edition stipulated for 18-19 August.The shows scheduled for February, August and September 2021 are currently still planned to go ahead.As the rest of the w

Boyish Jeans, a sustainable women's denim brand based in Los Angeles, has launched theRetraced GmbHtransparency widget onto its online store to highlight its honest sustainability efforts and achievements. The e-commerce plugin enables Boyish to communicate the sustainable supply chains behind its products and showcase its social responsibility efforts.Pic: Retraced/Boyish JeansBoyish joined the Retraced transparency platform 'retraced' in March 2020. Since then, the brand has worked

Image Courtesy: hypebeast.comSports brand Volcom, owned by Authentic Brands Group (ABG), is looking to spread its reach to China after signing a partnership deal with the China Ting Group.The China-based group specialises in retail development and brand building and this partnership will ensure that China Ting Group plays a pivotal role in furthering Authentic Brands Group’s global brand strategy for Volcom.The partnership has fruitfully launched two stores in June- Mixc Mall in Hangzhou’s shopp