Adidas
Fashion
adidas aims to have all shoes and clothing made with 100 pc recycled polyester by 2024
Global sportswear giant, adidas, in a bid to fight plastic pollution has launched a sustainability film to celebrate its 5-year successful partnership with Parley. Through this film, adidas aims to raise awareness about fighting marine plastic pollution and replacing...
Fashion
6 key revival strategies for luxury industry post COVID-19
Luxury consumption is driven by feelings, emotions, self-identity and social status. These motivations will never wane or fade. However, the beliefs and values that shape what people consume and how they consume is undergoing drastic changes. With the outbreak...
Fashion
Bhaane announces Deepika Deepti as CEO
Following the reveal of a renewed philosophy and aesthetic last year, community-first brand, Bhaane has appointed Deepika Deepti as CEO.
With an online shop, three brick-and-mortar stores annexed with cafes; and a cohesive integration with cult sneaker brand VegNonVeg, Deepika’s...
Fashion
COVID-19: The impact of the coronavirus pandemic on global fashion retail
The global textile and fashion industry was one of the worst hit sector by the ongoing coronavirus pandemic. Since its outbreak in December 2019 in China, we have seen retailers progressively closing doors as the global spread of the...
Fashion
The online channel is failing to offset revenue lost from retail store closures following Adidas’ Q1 results, says GlobalData
Following the news that Adidas reported a 19 percent decline in net sales in the first quarter of 2020;
Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s current challenges:
“Adidas has...
Fashion
Ethical Sourcing: How fast fashion giant H&M is setting an example in the wake of the COVID-19 crisis
At a time when an increasing number of fashion bigwigs are cancelling orders to the tune of billions of dollars, H&M has set an example by standing in solidarity with its supply chain partners in Bangladesh.
"We will stand by...
Fashion
adidas apologises after backlash over refusing to pay rent amid coronavirus scare
German sportsgear maker adidas on Wednesday said it had made ‘a mistake’ when it decided not to pay rent on its shuttered shops in April, after the move sparked a widespread outcry. adidas was one of a string of...
International News
Outrage in Germany as adidas, H&M stop rent payments
Global retailers including adidas and H&M sparked outrage in Germany on Sunday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak. Finance Minister Olaf Scholz urged leading companies...
Retail
Tie-up with Virat Kohli's One8 contributes 10 pc of Puma India sales
Association with One8, the brand run by cricketer Virat Kohli, has contributed a full 10 percent of Puma India sales for the global sportswear brand Puma in 2019 fiscal year, helping the German brand clock an overall 23 percent...
Retail
East India emerges as epicenter of modern retail activity
While India’s long term growth outlook remains intact, there is no denying the ongoing volatility in the market at this time. Across the industry sectors, 2019 has been a year of uncertainty and vulnerability due to the rise of...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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