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Pajama’s apparel industry’s value to triple by 2027

Since the pandemic started, sales of pajamas, loungewear and comfortable clothing fitting for stay-at-home and work-from-home new routines have exploded. Recent research estimates the pajama global industry will be worth three times more by 2027. Market research firm NPD Group has told ‘Business Insider’ that pricier pajamas – costing 50 dollars...

9 hours ago

Business

Nordstrom announces closing of 675 million dollars of unsecured notes

Nordstrom, Inc. closed on its previously announced offering of a 250 million dollar aggregate principal amount of its 2.300 percent Senior Notes due 2024 and a 425 million dollar aggregate principal amount of its 4.250 percent Senior Notes due 2031. The company will use the net proceeds from the sale of the Notes, together with cash on hand, to...

Apr 9, 2021

Business

Blockchain start-up Retraced: “We aim to prove transparency pays off”

The ascent of German blockchain start-up Retraced has been rapid: Founded in October 2018, and just over a year later, the company won the German Sustainability Prize 2019. During the pandemic year 2020, Retraced was able to win over 40 fashion companies (including Armedangels, Boyish Jeans and ErlichTextil) and started 2021 with raisingone...

Apr 9, 2021

Business

Digital Showroom startup HATCH launches HATCH Connect: an immersive remote selling experience for brands and retailers

Virtual appointments, real connections. Amsterdam, the Netherlands (April 2021): PVH-backed startup HATCH is launching HATCH Connect, its latest addition to their Digital Showroom platform. HATCH Connect enables customers to conduct virtual appointments directly from the Digital Showroom without having to use additional software such as Google...

Apr 9, 2021

Business

Centra and FashionUnited partner up to offer brands a wider reach to wholesale buyers

In response to the pandemic, Centra and FashionUnited have partnered up to extend reach from Centra’s private digital Showroom onto the FashionUnited Global B2B Marketplace. At the backbone of the partnership lies a solid API- integration that allows Centra’s clients to showcase their collections to 40.000 wholesale buyers in the FashionUnited...

Apr 8, 2021

Business

Accessories brand Cacto announces it is carbon-negative

Carbon neutrality is no longer enough, states Mexican-American accessories brand Cacto, which is claiming to be the first carbon-negative fashion company in the Americas. Cacto, which produces sustainable accessories made of cactus leather, has partnered with Swiss nonprofit organisation, On A Mission, which has measured and offset 150 percent...

Apr 8, 2021

Business

The unexpected impacts of Covid retail closures on small investors

Since the pandemic started, hundreds of thousands of retail locations have closed; some temporarily, many for good. While this trend has had a visible, almost immediate effect on retailers’ financials and strategies, there is another group of stakeholders who are facing unexpected challenges: Small investors. Commercial real estate has...

Apr 7, 2021

Business

Atterley secures 3 million pounds in funding

Atterley, the online fashion marketplace for fashion independents, has completed a 3 million pound funding round led by private equity firm Maven Capital Partners. The investment, which also includes commitments from development agency Scottish Enterprise and existing shareholders, will help Atterley to “execute its planned growth strategy,”...

Apr 7, 2021

Business

The Collective and Individual Approach to Sustainability

Sustainability in the fashion industry is the topic du jour, and rightfully so. The adverse effects of fashion on our environment and on humans themselves cannot be overstated. Over the past ten years, this topic has shifted from the world of academia and NGOs to business and consumers. In fact, consumers now identify sustainability as one of...

Apr 7, 2021

Business

Toms “evolving” giving model alongside new youthful visual identity

In its 15th year, footwear brand Toms is moving away from its pioneering One for One giving model to a new impact strategy, which will see it donate a third of its annual net profits to grassroots organisations. The evolution of its new giving model is in response to the question it has been asking itself, “are we having the greatest impact,”...

Apr 6, 2021

Business

PVH Corp. links with Americares for a global disaster relief program

PVH Corp., the parent company to brands like Tommy Hilfiger and Calvin Klein, announced it has joined the Americares Emergency Response Partner Program to help prepare for natural disasters worldwide. The company will provide annual funding to Americares, a health-focused relief and development non-profit organization that helps people affected...

Apr 6, 2021

Business

Soorty launches organic cotton initiative

Pakistan’s largest vertically integrated denim company, Soorty has launched an organic cotton initiative in partnership with WWF Pakistan and the Department of Agriculture Extension, Balochistan, along with support and input from the Laudes Foundation. The Soorty Organic Cotton Initiative (SOCI) aims to create an “organic cotton revolution”...

Apr 6, 2021