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Brands-To-Retail 08-03-2022

PVH Corp, to close its stores in Russia

08 March 2022, Mumbai:

PVH Corp., a worldwide recognised American apparel behemoth, has announced that its stores in Russia and Belarus would close as of today (7 March).

Following Russia's invasion of Ukraine, the company's e-commerce sites in Russia were shut down on February 28. PVH's main concern in the last ten days has been for all persons affected by the fighting in Ukraine and the rising humanitarian situation.

As a result, the owner of Calvin Klein and Tommy Hilfiger is dedicated to offering complete financial, operational, and spiritual assistance to all impacted workers and loved ones. Notably, the retail company has said that all employees would continue to receive their wages and benefits.

ALSO READ Russia at war: Zara closes stores & online platform in Russia

"Through a corporate gift to the Red Cross and assistance of relief organizations in the region working to send critical supplies to those in need in badly hit parts of Ukraine and along its borders, PVH is continuing our charitable efforts."

In a LinkedIn post, PVH wrote, "Our employees continue to give to organizations in Europe through Global Giving's Ukraine Crisis Relief Fund, where their donations are double matched."

PVH, which was founded in 1881, is one of the world's most well-known and renowned fashion houses, having customers in more than 40 countries. Calvin Klein and Tommy Hilfiger are two of the company's most well-known brands.

RELATED ARTICLE Russia at war: Hermès to Shut Russian Stores

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CREDITS: PVH & Apparel Resources.

Brands-To-Retail 08-03-2022

Zalando, forecasts sales growth in 2022

08 March 2022, Mumbai:

Zalando, the German fashion e-tailer, has stated that sales growth would be slower in 2022 following a strong year in 2021. The e-sales tailer's have increased by 30 percent by 2021.

In addition, throughout the year, the gross merchandise value (GMV) increased by 34.1 percent to £11.9 billion, owing to strong consumer demand and increased partner usage of its platform services.

Notably, revenue for the online fashion store increased by 29.7% to £8.7 billion, with an adjusted EBIT of £391 million.

ALSO READ Wrangler: Fourth Quarter 2021 Income Statement Review

Moving forward, Zalando aims to attain a GMV of over £25 billion by 2025, and it's worth noting that the e-tailer is allegedly on schedule to accomplish so.

Importantly, throughout the financial year, Zalando added over 10 million new consumers, bringing its total active customer base to over 48 million across 23 regions.

Zalando, established in Berlin, has offices (tech hubs) in Dublin, Ireland, Dortmund, Germany, and Helsinki, Finland. It was founded in 2008.

RELATED ARTICLE Hermès reports results

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CREDITS: retail.economictimes.com & Apparel Resources.

Brands-To-Retail 08-03-2022

Russia at war: Nike to temporarily close all stores

05 March 2022, Mumbai:

Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow's invasion of Ukraine.

The U.S. sportswear maker had made merchandise purchases on its website and app unavailable in Russia earlier this week and directed its customers in the country to brick-and-mortar stores instead.

The latest decision covers both Nike-owned and -operated stores.

ALSO READ: Lucy Rouse has been named the new leader of Nike's SNKRS program

The company also said its foundation would be donating $1 million to the United Nations Children's Fund and the International Rescue Committee to support relief efforts.

Earlier in the day, U.S. off-price chain TJX Cos Inc (TJX.N) said it would sell its 25% stake in Russian low-cost apparel retailer Familia, with two of its executives also resigning from their director and observer positions.

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CREDITS:Reuters.

Brands-To-Retail 05-03-2022

Russia at war: Nike to temporarily close all stores

Gap Inc. Reports Q4 FY21 Results

04 March 2022, Mumbai:

Fourth-quarter 2021 net sales of $4.5 billion increased 2% year-over-year and were down 3% compared to 2019;

Comparable sales were up 3% year-over-year and increased 3% versus 2019 the Fiscal year 2021 net sales of $16.7 billion increased 21% year-over-year and were up 2% compared to the fiscal year 2019;

ALSO READ: Gap signs up Reliance Retail as new 'India franchise'

Comparable sales were up 6% year-over-year and increased 8% versus 2019 the Fiscal year 2021 reported diluted earnings per share was $0.67 with adjusted diluted earnings per share of $1.44 Returned over $400 million to shareholders in fiscal 2021 through dividend program and share repurchase plan Fiscal year 2022 reported diluted earnings per share is expected to be in the range of $1.95 to $2.15 with adjusted diluted earnings per share in the range of $1.85 to $2.05

Gap Inc. (NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S. reported its financial results for the fourth quarter and fiscal year ended January 29, 2022.

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*CREDITS: gapinc.com.

Brands-To-Retail 04-03-2022

Woodland: Remains bullish on its near term business

07 March 2022, Mumbai:

On the strength of strong winter season sales, Woodland, the top footwear and performance gear brand, expects sales to recover in the current fiscal year.

About Brand

Woodland is a premium brand of outdoor shoes and apparel in India with a network of 500 exclusive stores worldwide, the ultimate showcase for all Woodland collections, the stores offer unparalleled customer service.

The brand has a presence in more than 4800 multi-brand outlets globally.

*Harkirat Singh, MD, Aero Club Expects 8-10 percent growth in business in the second quarter of next fiscal.

ALSO READ: Woodland, a global footwear and clothing company, aims to reach Rs. 2,500 crore in sales by 2025

The company, which had posted sales of around ₹1,250 crore in FY-20, saw revenues dropping to ₹700 crore in FY-21. However, things are expected to be better this year and the company is hopeful of closing the current financial year at around ₹1,000 crores.

RELATED ARTICLE Woodland to add new stores this fiscal

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CREDITS: Business Line.

Brands-To-Retail 07-03-2022

Woodland: Remains bullish on its near term business

Aloka Exports To Enter Domestic Apparels

04 March 2022, Mumbai:

Available across most popular e-commerce platforms, Cloth Haus has been created with a vision to deliver apparel designed for the Indian sensibility, of superlative quality, and in a reasonable price range.

Aloka Exports, the 35-year old textile manufacturer, launched its maiden venture in the domestic apparel space with a sustainable brand, Cloth Haus.

ALSO READ: Kitex Apparel Parks Limited is a new subsidiary of Kitex Garments, an Indian company

Cloth Haus will be launching collections that rest on digital printing, pleating, burnouts, printing on non-conventional fabrics, woven jacquards, embossing, and styling.

The brand is, thus, all set to present the modern face of the Indian textile industry before the world.

Aditya Agarwal, Director of Cloth Haus said, “Cloth Haus is our tribute to the rich textile legacy of India.

Through our robust experience of working with various global brands, we have developed an in-depth understanding of the Indian buyer’s mind and technology.

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CREDITS: Indian Retailer.

Brands-To-Retail 04-03-2022

Aloka Exports To Enter Domestic Apparels

Wrangler: Fourth Quarter 2021 Income Statement Review

03 March 2022, Mumbai:

Wrangler brand global revenue was $444 million, a 1 percent decrease over the same period in the prior year on a reported and constant currency basis.

ALSO READ: Lee, Wrangler to increase focus on online channels in India

Wrangler U.S. revenue decreased 2 percent compared to the same period last year, with strength in Digital, Western and Outdoor offset by a 5-point headwind from the 53rd week in 2020.

Wrangler international revenue increased 8 percent over the same period in the prior year on a reported basis and 9 percent in constant currency.

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*CREDITS: Kontoor.

Brands-To-Retail 03-03-2022

Wrangler: Fourth Quarter 2021 Income Statement Review

Tommy Hilfiger: Gaming initiative foraying in Metaverse

07 March 2022, Mumbai:

Team Tommy is made up of eight hand-picked gamers from across the U.S., Europe, and APAC, to represent the diverse gaming community.

Tommy Hilfiger, which is owned by PVH Corp., has introduced Team Tommy, a new community-led initiative designed to recognize the gaming world. “We’ve never done anything like this before,” said Hilfiger.

“We’ve never done anything like this before,” stated Hilfiger.

ALSO READ: Tommy Hilfiger announces the Fashion Frontier Challenge winners

“Not only is this an exciting step for us as we enter the metaverse, but we’re connecting with and building relationships with a whole new group of fans and customers. I’m excited to learn from these creative individuals and explore more of their intricate gaming world.”

As a part of Workforce Tommy, the avid gamers will participate in weekly streams throughout numerous social platforms utilizing Twitch and YouTube Stay; month-to-month regionally streamed “Get-Togethers;” in person-appearances all year long, and in-store activations of their native markets.

The eight Workforce Tommy members are Luminum (Australia), Sunsup (France), HoneyPuu (Germany), Nana (Korea), OwengeJuice TV (U.Okay.), Blaustoise (U.S.), Dish (U.S,), and Dom2k (U.S.).

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CREDITS: wwd.com fooshya.com voiceoftime.online.

Brands-To-Retail 07-03-2022

Tommy Hilfiger: Gaming initiative foraying in Metaverse

Spykar launches new campaign on social media

04 March 2022, Mumbai:

Fashion brand Spykar has launched a news #YoungAndRestless campaign in collaboration with social media influencers.

The campaign celebrating the idea of making a career out of your passion has been launched in partnership with artists and content creators from across the country like Awez Darbar, Hip Hop Artist FottySeven, Trevon Dias, Samarthya Gupta, etc.

As per Sanjay Vakharia, CEO and Co-founder, the campaign offers a platform to creators to relive their journey and emphasize the importance of hard work to achieve their dreams.

ALSO READ: Spykar launches Chaplin-themed collection

The campaign has received a rave reviews on social media the young generations becoming increasingly influenced by it, he adds.

Founded in 1992, Spykar is India's leading youth fashion denim brand and sells pan India through exclusive outlets, multi-brand outlets, and e-commerce portals.

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Brands-To-Retail 04-03-2022

Spykar launches new campaign on social media

Lee: Fourth Quarter 2021 Income Statement Review

03 March 2022, Mumbai:

Lee brand global revenue was $233 million, a 14 percent increase over the same period in the prior year on a reported and constant currency basis.

Lee U.S. revenue increased 13 percent compared to the same period last year, driven by improving sell through of new programs and increases in Digital.

Lee international revenue increased 14 percent over the same period in the prior year on a reported and constant currency basis. Other global revenue declined to $5 million driven by impacts from the strategic actions related to VF Outlet operations.

Gross margin increased 30 basis points to 42.8 percent of revenue, compared to the same period in the prior year. Adjusted gross margin decreased 60 basis points to 42.6 percent of revenue, compared to the same period in the prior year.

ALSO READ: Lee, Wrangler to increase focus on online channels in India

Structural margin improvements increased 80 basis points driven by favorable customer and product mix, as well as business model changes, which more than offset the impacts of inflation, inventory adjustments, and higher distressed sales.

Additionally, in support of strong demand, transitory expenses, which include air freight for expedited shipments, negatively impacted gross margin by 140 basis points in the quarter.

Compared to the fourth quarter of 2019, adjusted gross margin increased 170 basis points.

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*CREDITS: Kontoor.

Brands-To-Retail 03-03-2022

Lee: Fourth Quarter 2021 Income Statement Review

Aloka Exports launches new sustainable apparel brand

05 March 2022, Mumbai:

The 35-year old textile manufacturer, Aloka Exports has launched a sustainable apparel brand Cloth Haus.

Available across most popular e-commerce platforms, Cloth Haus aims to deliver apparel designed for the Indian sensibility, of superlative quality, and in a reasonable price range.

The brand will launch collections resting on digital printing, pleating, burnouts, printing on non-conventional fabrics, woven jacquards, embossing, and styling.

Cloth Haus will house a range of reasonably priced apparel from Kurtis, Kimonos, Ponchos, Kaftans, easy jackets, scarves to other easy wear.

ALSO READ: India’s apparel export revenues surged in 2021 over 2020

In addition to their single-brand outlet at Kemp’s Corner in Mumbai, the brand is currently available across platforms such as Amazon, Ajio, Myntra, Flipkart, Meesho, and Limeroad.

The plan is to have a presence in established and emerging metros across the country including Mumbai, New Delhi, Bengaluru, Pune, Hyderabad, Ahmedabad, and Lucknow.

Aloka Exports is a 35-year-old export house that has worked with brands such as H&M, Zara, Marc O Polo, Abercrombie and Fitch, Ann Taylor, J.Jill, Marks and Spencer, Monsoon/Accessorize, Esprit, Benetton, Oliver Bonas, Next among many others.

It successfully executed production and export for the 2008 Olympic Scarf branded by Next and adidas.

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Brands-To-Retail 05-03-2022

Biba plans contest offering education opportunities to women

04 March 2022, Mumbai:

Women’s ethnic wear and lifestyle brand Biba plans to launch a new contest to offer online educational opportunities to women.

To be launched on March 8, International Women’s Days, the contest invites Biba’s women fans to share their stories and get a chance to win digital educational courses.

Biba recently launched its spring/summer 2022 collection ‘Many Shades One Me’ online and in its pan-India store network. Featuring a range of fusion wear, the bright, floral collection offers flowing layers and delicate, embroidered and beaded details.

ALSO READ: Biba launches new campaign for Summer 2022 collection

Its most notable items include kurta sets with matching, retro-style headbands.

Numerous institutions and brands in India plan campaigns and promotions on International Women’s Day on March.

Brands also plan to step up efforts to build online communities around their products.

This trend amongst was triggered by the pandemic and subsequent lockdowns which shifted brands’ focus to online platforms to boost interactions with consumers.

RELATED ARTICLE: BIBA’s Premium Work Vogue Collection

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Brands-To-Retail 04-03-2022

Biba plans contest offering education opportunities to women

Guess launches fourth store in Bengaluru

02 March 2022, Mumbai:

Global fashion brand Guess has launched its fourth Indian store in Bengaluru. Located in the Orion Mall, the store houses a range of apparel, handbags, accessories, etc.

The brand plans to open more such stores in leading metros across India this year. Manoj Nair, CEO, Gaurik Lifestyle, the licensee for Guess International in India, says the store’s booming sales reinforce that customers always appreciate quality and on-trend styles.

Guess plans to add 50 new stores across India and add Rs 300 crore in revenues by by 2026.

ALSO READ: With the opening of a new store in Mumbai, Guess is expanding its retail reach

The American clothing brand and retailer produces clothing for men and women. It also markets other fashion accessories such as watches, jewelry, perfumes, bags and shoes.

The brand was incepted in 1981 as a book of styles started by Georges, Maurice, Armand, and Paul Marciano. The brothers switched to selling jeans, with a light, form-fitting denim. Guess’s denim jeans products were officially launched in late 1981.

The company was one of the first companies to create designer jeans. In 1984, Guess introduced its new range of watches known as ‘Guess’, ‘Guess Steel’, and the ‘Guess Collection.’ In 1984, it also introduced a line of baby's clothes, called ‘Baby Guess.’

RELATED ARTICLE: Guess plans to open 50 new stores in India

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Brands-To-Retail 02-03-2022