Ascena Retail Group and Ann Inc entered into a definitive merger agreement under which Ascena will acquire Ann Inc for a combination of cash and stock in an accretive transaction. Upon closing, Ann Inc stockholders will receive $37.34 in ...
Tags: Ascena, Women's Apparel
Clinton Group, Inc. and its affiliates ("Clinton Group"), the owners of more than 7% of the outstanding common stock of The Wet Seal, Inc. ("Wet Seal") sent a letter to the Chief Executive Officer of Wet Seal last night commending the ...
Tags: Clinton Group, Wet Seal, teen apparel
The Japanese apparel market has seen significant growth in sales during the fiscal year of 2012 and is set for an era of development and relative stability, according to a recent report by JapanConsuming. According to the report on ...
Tags: Apparel
The African Growth and Opportunity Act (AGOA) plays a vital role in the development and support of a competitive U.S.-African textile and apparel trade partnership, a critical step to developing a broader reciprocal commercial relationship ...
The world has become smaller with the advent of technology and it has revolutionized the shopping behavior of apparel consumers. This necessitates apparel brands and retailers to focus on innovative technologies to reach to their potential ...
Tags: Innovative Tools, Apparel Brands
Gone are those days when fashion designers and apparel retailers, along with the media, used to set the market trends for clothing. With the advent of internet, apparel retailing, especially e-commerce, is mainly driven by the consumers. ...
Tags: Consumers, Clothing Trends, E-Commerce
With the influx of digitalization in apparel retailing, several e-commerce platforms have started installing 3D body scanners to attract more customers as it helps online clothing retailers to boost their revenue and profitability by ...
Tags: E-Retailers, 3D Scanners
The penetration of Internet has rapidly increased the competition in apparel retailing as it creates a platform for the consumers to browse for their favorite wardrobes from anywhere in the world. In order to compete with the rising ...
Tags: Apparel Retailing
Digitalization is the new trend in apparel retailing as the new generation is more adapted to electronic devices such as mobiles phones, tablets and laptops for shopping. Several apparel retailers worldwide are focusing on digital platforms ...
Tags: Apparel Retailing, Digitalization
Although, the economic crisis in the traditional export markets such as the EU and the US coupled with the recent issues in Bangladesh, which is one of the largest garment supplier in the world, has affected the global apparel industry, the ...
Tags: Apparel Industry, economic crisis
The IRUG Annual Conference is a gathering of U.S. and international retail systems users and solution providers participating in sessions on the latest in education, experiences, best practices and information in key areas of change: the ...
Tags: Boston Retail, Apparel
Kohlberg Kravis Roberts & Co. LP and SMCP Group, a leading ready-to-wear affordable luxury apparel retailer, announced that KKR signed a definitive agreement with SMCP’s current shareholders to acquire a majority stake in the Company ...
Tags: KKR, Apparel Retailer
Apparel retailing is one of the sectors to be hit the hardest by the US economic slowdown of the last four years, as a result of US consumers holding back on spending the way they used to do before 2008. Which is the reason all the more ...
The Chinese apparel sector is expected to post a 23 percent compound annual growth rate (CAGR) during 2012-15, according to a report released by RNCOS, a leading industry research and consultancy firm. In its report titled "China Apparel ...
Tags: Chinese apparel industry, market, apparel
Nationwide retailer Postie Plus Group Limited (PPGL) reported a normalised full year net profit of $493,000 before one off restructuring costs (net loss of $183,000 including one off costs) relating to the sale of ...
Tags: New Zealand, Apparel, PPGL