Aditya Birla Fashion and Retail net profit rises in June quarter

Related Keywords: Aditya Birla Fashion and Retail Ltd, fashion, fast fashion, Louis Philippe, Pantaloons, Peter England, profit, quarter

India
Aditya Birla Fashion and Retail net profit rises in June quarter
Summary: 
Aditya Birla Fashion and Retail Ltd on August 6 reported over threefold jump in its net profit to Rs 21.56 crore for the first quarter ended June 30. The company had posted a net profit of Rs 5.60 crore in the June 2018 quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a statement. Its net sales rose 7.94 percent to Rs 2,065.46 crore during the quarter, compare with Rs 1,913.52 crore in the corresponding

Aditya Birla Fashion and Retail Ltd on August 6 reported over threefold jump in its net profit to Rs 21.56 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 5.60 crore in the June 2018 quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a statement.

Its net sales rose 7.94 percent to Rs 2,065.46 crore during the quarter, compare with Rs 1,913.52 crore in the corresponding quarter of the previous financial year.

ABFRL's total expenses were at Rs 2,047.83 crore as against Rs 1,916.39 crore, up 6.85 percent.

0

Indian texile and apparel industry reinventing itself

Related Keywords: apparel, Bangladesh, environmental impact, fashion, fast fashion, government, Higg Index, India, innovation, market, Textile

India
Indian texile and apparel industry reinventing itself
Summary: 
India feels the adverse social and environmental impact of ‘fast fashion’; however, this may change soon. India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market

India feels the adverse social and environmental impact of ‘fast fashion’; however, this may change soon.

India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market for apparel is estimated to reach $59.3 billion by 2022 and that for textiles to grow to $223 billion by 2021. The industry is also critical in terms of income and employment generation, contributing to 5 percent of India’s current GDP.

0

Tata retail planning to be the Indian Zara at lower rates

Related Keywords: apparel, fast fashion, Inditex, retail, supply chain, Tata Group, Trent, WEF, Zara

India
Tata retail planning to be the Indian Zara at lower rates
Summary: 
Trent views trendiness as its main advantage over these competitors. To that end, it’s working to make its fast fashion supply chain even faster, said Tata. For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focused as Zara

Trent views trendiness as its main advantage over these competitors. To that end, it’s working to make its fast fashion supply chain even faster, said Tata.

For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focused as Zara — but at half the price.

0

Goverment lets the fashion industry to thrash our planet

Related Keywords: clothing, environmental impact, fashion, fashion industry, fast fashion, Garments, landfills, planet, Sustainable clothing, Textiles

United Kingdom
Goverment lets the fashion industry to thrash our planet
Summary: 
The proposals from Parliament’s Environmental Audit Committee to begin to address the thoroughly outsized contribution of the fashion industry to the trashing of our planet were modest. If they could be criticised, it was for that very modesty. They started with the proposal for 1p per garment to be taken

The proposals from Parliament’s Environmental Audit Committee to begin to address the thoroughly outsized contribution of the fashion industry to the trashing of our planet were modest.

If they could be criticised, it was for that very modesty.

They started with the proposal for 1p per garment to be taken as a levy, raising £35 million a year to fund better collection and sorting of garments to stop them ending up in landfill.

0

Can Boohoos recycled clothes really solve the problem of fast fashion

Related Keywords: Boohoo, clothing, eco friendlym, environment, fabrics, fast fashion, Garments, landfills, micro fibers, pollutuion, Recycle, retailers, waste

United States
Can Boohoos recycled clothes really solve the problem of fast fashion
Summary: 
"If someone really cared about buying ethically sourced, green clothes then they wouldn't shop at Boohoo," shopper Camilla tells the BBC on Oxford Street. She is commenting on the fast fashion retailer's first recycled clothing range - made with reclaimed plastics - which was unveiled this week. The 22-year-old's view is not surprising, given the millions of low cost, fast fashion

"If someone really cared about buying ethically sourced, green clothes then they wouldn't shop at Boohoo," shopper Camilla tells the BBC on Oxford Street.

She is commenting on the fast fashion retailer's first recycled clothing range - made with reclaimed plastics - which was unveiled this week.

The 22-year-old's view is not surprising, given the millions of low cost, fast fashion clothes that Boohoo sells every year.

0

Clothing sales are up, but the lifespan of clothes is shorter

Related Keywords: clothing, fashion, fast fashion, Forever 21, H&M, retail, Textiles, Urban Outfitters

United States
Clothing sales are up, but the lifespan of clothes is shorter
Summary: 
People are buying more clothing today than they did 15 years ago. But they’re only wearing it half as long.That means clothing production and sales are both on the rise, and so is the amount of clothing in landfills. In such a climate, “fast-fashion” companies, like Forever 21 and Zaful, are growing, said Karen Leonas, a professor in the Wilson College of Textiles at N.C. State University. And thrift stores and secondhand clothing sales are growing even faster, at 24 times the

People are buying more clothing today than they did 15 years ago.

But they’re only wearing it half as long.

That means clothing production and sales are both on the rise, and so is the amount of clothing in landfills.

In such a climate, “fast-fashion” companies, like Forever 21 and Zaful, are growing, said Karen Leonas, a professor in the Wilson College of Textiles at N.C. State University. And thrift stores and secondhand clothing sales are growing even faster, at 24 times the rate of other retail.

0

Fast fashion slowing down

Related Keywords: appparels, Bangladesh, clothing, fabrics, fashion, fast fashion, Mills, sustainability, Textile

Bangladesh
Fast fashion slowing down
Summary: 
It may be quite some time until the fast-fashion industry completely slows down, but with new trends being set in motion, there is now hope that 'slow fashion' is a trend

It may be quite some time until the fast-fashion industry completely slows down, but with new trends being set in motion, there is now hope that 'slow fashion' is a trend gathering traction.

The demand for 'cool', affordable clothing is hard to keep up with, with clothes being delivered in bulk into highstreet shops to try and match retail expectations. But more often than not, they come with a high environmental price tag in the long term; the fashion industry is the second biggest polluter in the world, only second to oil.

0

The apparel and footwear industries together accounted for more than 8 percent of global climate impacts

Related Keywords: apparels, fashion, fashion ware, fast fashion, footware, life cycle, planet footware, recycling, sustainability, Textile

Brazil
The apparel and footwear industries together accounted for more than 8 percent o
Summary: 
The apparel and footwear industries together account for more than 8 percent of global climate impact, greater than all international airline flights and maritime shipping trips combined. The challenge to reduce carbon emissions

The apparel and footwear industries together account for more than 8 percent of global climate impact, greater than all international airline flights and maritime shipping trips combined.

The challenge to reduce carbon emissions offers the fashion industry an opportunity for its players do what they do best -- be creative.

Eco-friendly fashion pioneers from Stella McCartney to Rent the Runway to the RealReal are creating new reuse and resale models of doing business.

0

Micolet for second hand clothing

Related Keywords: brands, clothes, Clothing Marketplace, fast fashion, influencers, Micolet, online buying, warehouse

Spain
Micolet for second hand clothing
Summary: 
From Online Sales of Young Woman’s Wardrobe to the Leading Second-Hand Clothing Marketplace in Europe. Micolet was born, almost by chance, in 2015 in Spain. The founder’s partner had clothes she no longer wore but were still in great

From Online Sales of Young Woman’s Wardrobe to the Leading Second-Hand Clothing Marketplace in Europe

Micolet was born, almost by chance, in 2015 in Spain. The founder’s partner had clothes she no longer wore but were still in great condition and could have a new life in another girl’s wardrobe.

0

H&M dancing down the ages

Related Keywords: apparel, clothing retailer, environmental cost, fabric, fast fashion, future of fashion, Garments, growth, head of sustainability, organic cotton, polluting industries, Recycle, second-hand market, supply chains, Vintage garments

Germany
H&M dancing down the ages
Summary: 
H&M will trial sales of second-hand and vintage clothes as it seeks to tap into consumers' growing concerns about the environmental cost of fast fashion, its head of sustainability said on Friday. Anna Gedda told Reuters H&M would launch a pilot

H&M will trial sales of second-hand and vintage clothes as it seeks to tap into consumers' growing concerns about the environmental cost of fast fashion, its head of sustainability said on Friday.

Anna Gedda told Reuters H&M would launch a pilot in Sweden for online sales of second-hand garments on the site of its & Other Stories brand, with the aim of extending the scheme to other markets and brands in years to come.

0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Econyl- Regenerated nylon material by Aquafil  
  13 Sep , 2019 Read full story  
Three news members join Microfibre Consortium  
  13 Sep , 2019 Read full story  
Novel automated waterproof shoe technology by Sympatex  
  13 Sep , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button