Saitex, recognised as the ‘world’s cleanest denim factory’ has become the only large scale denim manufacturer in the world to receive B Corp distinction, after achieving a score of 105.6. Founded in 2001, Saitex is a bluesign approved, LEED-certified and Fair Trade facility using technology for maximum […]

Sales at Primark, part of Associated British Foods plc, for the full year are expected to be 4 percent ahead of last year at constant currency and actual exchange rates, driven by increased selling space partially offset by a 2 percent decline in like-for-like sales. The company said in a statement […]

New York - The Philippine Textile Research Institute has partnered with a local university to design a prototype sizing system fit for the Filipino physique. This initiative pursues the promotion of innovative design development processes while supporting the local garment industry. The desired outcome […]

New York - Atria Investments LLC announced over the weekend it has bought 24,232 shares of Kornit Digital Ltd (NASDAQ:KRNT), valued at approximately 251,000 dollars. Atria Investments LLC owned approximately 0.06 percent of Kornit Digital as of its most recent SEC filing, having increased its position […]

Sir Philip Green’s Arcadia Group has suffered an unprecedented loss of 169 million pounds, as the ailing business narrowly avoided a collapse in June this year. Accounts filed by Arcadia’s holding company Taveta Investments Ltd showed turnover fell 4.5 percent to 1.81 billion pounds, while operating […]

Alibaba Group has bought the e-commerce platform of NetEase for about 2 billion dollars and will participate in a 700 million dollars investment in NetEase's music streaming service, the two Chinese firms said on Friday.    The move will see e-commerce titan Alibaba take control of Kaola, one of China's […]

Marks and Spencer is to be demoted from the FTSE 100 for the first time since the list of the UK’s biggest companies was launched in 1984. The British fashion and food giant will drop off the list after its market value fell below the threshold for inclusion based on the closing price of its stock on […]

Sweddish fast-fashion retailer H&M on Thursday announced it will suspend leather purchases from Brazil as a direct response to the horrific Amazon fires that have provoked a global outcry. The boycott comes after US retailing giant VF Corporation, which owns a string of brands including Timberland, […]

SMCP, the parent company behind French fashion labels Sandro, Maje and Claudie Pierlot posted net income of 20 million euros (22 million dollars) in the first half of 2019 against 27.4 million euros in H1 2018. Excluding one-off costs related to the refinancing, the company said, net income group share […]

Total net sales at Zumiez Inc. for the second quarter ended August 3, 2019 increased 4.3 percent to 228.4 million dollars, while comparable sales increased 3.6 percent compared to 6.3 percent increase for the same period last year. Net income for the quarter was 9 million dollars or 36 cents per diluted […]

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