Macy’s Inc (M.N) reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores’ uphill struggle against slumping demand for apparel. The dismal forecast from the retailer pushed its shares down nearly 14 percent to a more than 4-year low, and also weighed on shares of rivals on Wednesday. … 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 →
United Legwear & Apparel (ULAC) has acquired San Diego based Wheat Group, a designer and distributer of accessories relating to sports and fashion. Product categories of Wheat Group include; bags; backpacks; hats and caps; knee-to-toe soccer gear; inflatable sports balls; small electronic goods such as earbuds; personal fitness equipment, etc. “Since 2011, Wheat Group has … Read More →