German sportswear brand Adidas is aiming big in China with a plan to open 3,000 new stores in the country in the next five years. The new outlets will take the store count in the country to 12,000. The company aims to expand its presence in cities where it offers running gear and tennis shoes. … Read More →
Hong Kong-based Must Group has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment industry in Bangladesh’s Ishwardi Export Processing Zone. This company which will produce the garments will be known as M/s Hoi Bun Fashions Ltd. It will be the 4th industrial unit in EPZs under Must … Read More →
American jeanswear brand Lee has become India’s most trusted casualwear brand for the second year in a row ahead of Levi’s. In a stark contrast to the 2 per cent difference between the two brands last year, this year Levi’s trails 16 per cent behind Lee, according to The Brand Trust Report – India Study … Read More →
Sri Lanka’s apparel industry has taken the plunge into the world of 3D design. America’s Optitex, a world’s leader in 2D and 3D apparel design software, has granted its leading solution to Sri Lanka Institute of Textile & Apparel (SLITA) to train designers in 3D design aspects, Sri Lankan newspapers have reported. The initiative is … Read More →
Abercrombie & Fitch, a multi specialty retailer based in the US, plans to open 10 full price stores in the international market, with a focus on China, in fiscal 2016 as a part of its expansion plan, according to a statement released by the company. The retailer expects capital expenditure in the range of $150 … Read More →
Urban Outfitters, a US based retailing company with brands like Anthropologie, Terrain, BHLDN, Urban Outfitters and Free People, has promoted David McCreight, CEO of Anthropologie Group, as the president of the Urban Outfitters (URBN) group. McCreight will be responsible for the strategic international development and global direct to consumer (DTC) initiatives of URBN, in addition … Read More →
Onore, a Korean male innerwear brand, has made consistent progress showing 100-200 percent growth each year, is now intending to grow into a global brand, according to a press release. The brand is drawing a positive response from global customers due to its ergonomically-designed products, the release said. “Since last September, we have been utilising … Read More →