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Gap joins US Cotton Trust Protocol & Textile Exchange’s 2025 Sustainable Cotton Challenge

Leading global apparel company Gap Inc. has joined the U.S. Cotton Trust Protocol and Textile Exchange’s 2025 Sustainable Cotton Challenge as part of its integrated sustainability strategy and to help it achieve its commitment to use only 100% sustainably-sourced...

Shailesh Chaturvedi appointed MD and CEO of Arvind Fashions

The Board of Directors of Arvind Fashions has appointed Shailesh Chaturvedi as the Managing Director & CEO of the company with effect from February 1, 2021. He has been appointed for a period of five years, the company said in...

Arvind Lifestyle, Gap mutually terminate franchise in India

Arvind Lifestyle Brands Ltd, a wholly-owned subsidiary of Arvind Fashions Ltd (AFL), and Gap Inc have decided to mutually terminate their franchise business relationship in India. "Due to circumstances post the corona pandemic, both companies agreed that a mutual termination...

Flipkart Group invests Rs 260 crore in Arvind Fashions' arm

Flipkart Group on Thursday announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL). Arvind Youth Brands owns the popular Flying Machine denim brand that has been...

Arvind Fashions says 75 pc of its stores operational, revenue below pre-COVID levels

Arvind Fashions Ltd (AFL) on Thursday said 75 percent of its stores are operational now after the easing of lockdown relaxations, though footfalls and revenue remain well below pre-COVID levels. According to a PTI report: Sharing an update on the...

Nykaa Fashion launches kidswear

Nykaa Fashion hosts a premium curation of handpicked brands and styles that support Indian women to make the most stylish choice. This fashion destination offers customers a chance to browse through the latest trends and collections, with a plethora...

Back to Business: Fashion retailers focus on shop by appointment, engaging consumers online

When cities went under lockdowns, it was the nonessential items businesses which were forced to temporarily shutter shop, the worst hit by the pandemic. The supply chain too suffered with the closure of retail units. One of the worst...

Myntra eyes 3 million shoppers, expects tier-II, III markets to contribute over 40 pc of EORS sales

Fashion e-tailer Myntra on Monday said it expects about 3 million people to shop on its platform during its End of Reason Sale (EORS), slated for later this month, and tier-II and tier-III markets to contribute over 40 percent...

Simon Property sues Gap over unpaid rent

Simon Property Group is suing Gap as the fashion retailer failed to pay more than US$ 65.9 million in rent and other charges due during the coronavirus pandemic. In late April, Gap stopped paying rent on its temporarily shuttered stores,...

Virtual trial rooms, AI fitting tools are the future of fashion retail

As lockdown restrictions are eased and the retail fraternity is getting ready to reopen stores and welcome back shoppers, the focus has shifted towards trial rooms. Trial rooms are a huge advantage that the brick-and-mortar stores have over e-commerce,...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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