Nordstorm debuts livestream platform that’s shoppable and interactive. Nordstrom, a US-based luxury department store chain for clothing and accessories, has introduced a shoppable, interactive livestream platform.
The livestream platform is an extension of over 50 virtual events the retailer has organised since 2020. During each livestream show, the customers can shop at the online portal of Nordstrom and participate in a live chat. The first show of Nordstrom will feature fashion designer turned stylist José Ramón Reyes demonstrating ways to wear Burberry products. A bit of the presentation will be pre-recorded and will conclude with a question and answer session.
Upcoming events will feature beauty, skincare and fashion experts and brand representatives, who will provide tips and tricks of the trade. Ace fashion designer Satya Paul is no more. BGMEA election to be held as per regular schedule. Bangladesh’s apex garment makers’ body, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), will hold its next election as per the regular schedule.
This was underlined by media reports, which claimed a decision to this end was taken following BGMEA’s former presidents’ forum meeting held on 27 December (Sunday) at capital’s Hotel Platinum Grand. Commerce Minister Tipu Munshi presided over the meeting as the president of BGMEA’s former presidents’ forum. Amongst other former presidents of the trade body who attended were Anisur Rahman Sinha, Dhaka North City Corporation (DNCC), Mayor Md. Here are November figures of apparel retail revenues in Japanese chain stores. The same-store apparel retail revenues in 10,939 stores of 56 companies associated with Japan Chain Stores Association (JCSA) have declined in November ’20 both on yearly and monthly basis.
The total sales in apparel category in Japanese chain stores recorded 66,677.11 million yen (US $ 644.72 million), plunging 13.30 per cent from November ’19 and 3.80 per cent from October ’20. Menswear sales grew in November ’20 on monthly note, while it fell on yearly basis. Experiential e-commerce platform Obsess closes US $ 3.4M in seed funding round. Shoppers Stop appoints Venu Nair as MD & CEO. India’s oldest department store chain Shoppers Stop Limited on Friday announced the appointment of Venu Nair as Managing Director (MD) and Chief Executive Officer (CEO) of the company, effective 6 November 2020.
The company said in a statement that as Venu takes up the new role, he will lead the next phase of expansion. Venu has replaced Rajiv Suri who stepped down as the fashion and lifestyle retail giant’s MD and CEO in July this year, citing personal reasons. Expressing his delight at Venu’s appointment, the company’s Chairman BS Nagesh said that he is pleased to have Venu onboard as the MD and CEO.
H&M’s first and only in-store recycling machine unveiled! Mutoh EMEA releases new dynamic website platform. Mutoh Europe, developer of wide format inkjet printers and sign cutting plotters, has launched a new dynamic website that focuses on the multitude of opportunities for wide format digital print equipment for sign-makers and print providers.
The website includes a new inspiration page that simplifies searching and conveys the product’s potential for the applications. This will eliminate the need for users to search through the pages of technical specifications in order to search for the right printer for their needs. The users can simply choose the application of interest and they are guided to the relevant printer pages, along with hints, tips, benefits, additional market opportunities and related applications.
The new website still retains the contemporary look and feel, and is available in English, German, Spanish, Italian, French and Dutch for its global customers. M&S to bring back its ‘shwopping’ scheme from 1 October. In less than 24 hours, Marks & Spencer Group, or M&S, will be back with its popular shwopping scheme – an apparel recycling programme that intends to keep apparels away from landfill.
It’s coming back after March, when the scheme had to be suspended owing to coronavirus outbreak. Come 1 October (Thursday) and people can start donating their old and unwanted dresses, shoes and accessories in 287 stores with apparel sections. Importantly, these apparels and shoes could be of any brand and in any condition. The sustainable apparel recycling scheme is being seen as an extension of M&S’ 12-year-old partnership with Oxfam. So far more than 35 million products worth £23 million have been donated. Clothes sharing app Nuw announces expansion across the UK and Ireland. Nuw, the sustainable fashion app, has announced the expansion of its services in the UK and Ireland with the aim to become a global sustainable fashion platform.
The world’s first and only apparel sharing app was initially only made available in Cambridge, Dublin or London. Each item swapped helps in saving almost 25 per cent of the resources that would have been used in the manufacturing of a new fashion item. UK-based designers launch sustainable womenswear brand Sentenced. Phoenix Mills raises Rs. 1,100 crore through QIP. One of the biggest shopping mall developers in India, Phoenix Mills Ltd. has raised nearly Rs. 1,100 crore by selling shares to institutional investors, including the Singapore Government.
A latest report by PTI states that the country’s leading retail mall developer and operator opened its qualified institutional placement (QIP) issue on 18 August which was closed on 21 August. The company shared, in a regulatory filing, that the board’s capital raising committee sanctioned the allotment of 1,81,81,818 shares to qualified institutional buyers at the issue price of Rs. 605 per share, summing up to Rs. 1,099.99 crore. GoPro expands to lifestyle gear offering bags, accessories and clothing. GoPro, American action camera giant, has expanded into lifestyle product category like clothing, accessories and bags.
The newly launched offering will be available on GoPro.com. The prices of apparels start with US $ 24.99 (approximately Rs. 1,800), backpacks starting at US $ 19.99 (approximately Rs. 1,500) and sunglasses and water bottles starting at US $ 29.99 (approximately Rs. 2,100). “GoPro has been focused on helping people pursue active lifestyles since day 1, and our expansion into categories like bags, apparel and ultra-functional accessories stays true to that,” said Nicholas Woodman founder and CEO. He further revealed a 30 per cent discount on all its product categories for the GoPro PLUS subscribers. 3DLOOK raises US $ 1 million to support accelerated growth propelled by COVID-19. 3DLOOK, an AI-based company that digitises the human body data for fit and sizing intelligence, has raised US $ 1 million in a pre-series A round, led by ICU Ventures.
The funding will be utilised for expanding its R&D team and extending support to its fast-growing list of customers who are relying on the technology that provides a contactless measurement experience. The funds will also be used to scale and strengthen the team to support its newly launched suite of products for its current and new enterprise clients. The team raised a total of US $ 4.2 million to date, and the investors include Boost VC, 500 Startups, ICU Ventures, U Ventures, Solid5 and supermodel Natalia Vodianova.
Fashion commerce platform 6Degree secures funding from SucSEED. SucSEED Ventures invests into 6Degree – India’s leading fashion business platform – through the Pre-Series A round funding to expand itself into Fashion Commerce & Retail Management Platform segment. Notably, Kieretsu Forum had earlier invested seed capital in 6Degree. The fund will be utilised for bringing democracy in style to consumers and enable the local designers to expand themselves globally. More on the same, Nikhil Hegde, Co-founder of 6Degree, said “With large base of designers & fashion professionals on the 6Degree network, there has been a need to leverage this asset and enable growth to the local talent and engage with customers worldwide.” Nikhil also said “6Degree has strong existing partnerships and have been able to add business value to over 500 emerging fashion designer brands by giving them access to national and international markets.”
Instagram announces new commerce eligibility requirement from 9 July. Instagram has announced latest commerce eligibility requirement applicable to all eligible businesses and creator account who want to connect to the shoppers to sell products on the platform. This is to go effective globally from 9 July wherever Instagram shopping is supported. Businesses and creator account with at least one eligible product will use shopping tags for driving shoppers to its website.
Satya Paul onboards Rajesh Pratap Singh as its new creative director. India’s premier design label, Satya Paul, has appointed Rajesh Pratap Singh, an acclaimed fashion designer of the country, as its chief creative director. Lost Stock to sell curated boxes of cancelled stock from Bangladesh and India. Apparel manufacturers have lately faced cancelled orders from prominent retail markets like UK. YNAP aims for advancement in visual search and virtual try-on technology. Gucci to forgo fashion calendar with two shows per year. Whistles collaborates with L.F. Markey to launch S/S ‘20 collection. Tod’s reports a sales drop of 30% to €152.8 million - Apparel Resources. Tod’s, the luxury footwear and leather goods maker, has reported a 30 per cent drop in sales for the first quarter of the year. Gap sued for not paying rent for their Manhattan store. Taiwan-based multi-designer platform Pinkoi expands to Hong Kong. Taiwan-based e-commerce platform for sale of original design goods, Pinkoi, is expanding its services to Hong Kong.
FedEx collaborates with BigCommerce to support SMEs. Yves Saint Laurent reinvents the iconic jumpsuit and capeline as fragrances. Here’s a dress made by knitting rubber bands together! H&M launches summer collaborative collection with Desmond & Dempsey. Louis Vuitton brings colourful and oversized monogram prints to Pre-Collection capsule. Virgil Abloh’s Louis Vuitton has released its Pre-Collection Fall/Winter 2020 ready-to-wear menswear capsule collection. Contrary to its name, the collection features many summer-friendly pieces that are perfect transitional pieces for the coming season. Browzwear partners with PVH STITCH Accelerator Program.
The North Face launches new maternity line for summer. Daniel Arsham teams up with Uniqlo for an upcoming Pokémon capsule. STOLL oronasal masks ready for download! Woodland set to double its sales by 2025 through retail expansion. Gap Inc. collaborates with ThredUp to sell used apparels. Skilling the artisans of Mana – India’s last village. VGG to establish Vietnam’s first green fabric factory. Apparel Fashion by Apparel Resources.
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