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 →
To help the Chinese ecommerce giant to buy stakes in Chinese and overseas companies, Alibaba Group Holding has signed a deal for a $3 billion five year loan. As per a Reuter report, Jack Ma led Alibaba has been expanding in areas beyond its core ecommerce base, following slowdown in its online shopping business. In … Read More →
Swedish clothing retail major H&M will continue to buy garment items from Bangladesh even as it scouts for alternative sourcing destinations, a top official of the company has said according to reports in the Bangladeshi media. “H&M has maintained good relations with Bangladesh over the last 30 years. We have a long-term plan for Bangladesh. … Read More →
New research indicates that smartwatch shipments have exceeded Swiss watch exports for the first time, with sales also expected to more than double in Australia and New Zealand this year. Cliff Raskind, Strategy Analytics director A report from research company Strategy Analytics showed that global smartwatch shipments reached 8.1 million units in the fourth quarter … Read More →