Fashion Style

Aritzia Q3 FY21 revenue grows 4.1% to $278 mn

Aritzia, a Canada-based women’s online fashion boutique, has reported 4.1 per cent revenue growth to $278.3 million (Canadian dollar) in its third quarter (Q3) FY21 that ended on November 29, 2020 compared to the revenue of $267.2 million in same period prior year. Company net income for the period was down to $30.5 million (Q3 FY20: $34.8 million).

 

Gross profit for the quarter rose to $126.0 million ($119.5 million). Company’s income from the operations for Q3 were $48.0 million ($54.4 million). E-commerce revenue during the quarter increased 78.5 per cent.

 

“We are extremely pleased with our third quarter performance. Our clients’ enthusiastic response to our Fall/Winter product assortment demonstrates our ongoing ability to adapt to their changing lifestyle,” Brian Hill, founder, chief executive officer and chairman, said in a press release.

 

“Performance in our e-commerce channel has sustained its momentum in the fourth quarter to date, while our reopened boutiques have exceeded our expectations. While the resurgence of Covid-19 has led to the temporary reclosure of 39 boutiques, we are well-positioned to continue to navigate the uncertainty,” Hill said.

 

“Looking ahead, we remain focused on the execution of our growth strategies including driving digital innovation of e-commerce and omni,

ASOS setting up new fulfilment centre in Lichfield


ASOS, leading online fashion retailer, is establishing a new state-of-the-art fulfilment centre in Lichfield, Staffordshire with an investment of £90 million. The centre is expected to employ 2,000 people over the next three years. It will serve ASOS’ growing number of customers in the UK and other countries. ASOS currently operates three fulfilment centres.

The 437,000 square feet, AEW and Allianz Real Estate joint venture warehouse is based at Fradley Park and will be operational within 12 months, allowing for a gradual ramp up with testing to meet the capacity required for peak trade in 2023. With good road and airport links, the site will serve ASOS’ growing number of customers in the UK and around the world.

The Fradley Park warehouse joins a growing band of global fulfilment centres for ASOS. ASOS currently operates three – in Barnsley, Berlin and Atlanta.

Nick Beighton, CEO, ASOS, commented, “We’re thrilled to be laying down the foundations for our future growth in Lichfield. This significant investment in infrastructure and large-scale job creation is a reflection of the confidence ASOS has in its future and the quality of the skills and talent available in this well-placed location. When fully up and running

JCPenney reinvents Xersion activewear brand


JCPenney has announced that its Xersion activewear assortment has been redesigned from the inside out and with the latest performance technology, EVERAIR. JCPenney, a leading apparel and home retailer, combines an expansive footprint of stores across the US and Puerto Rico with its ecommerce site to deliver style and value for its American customers.

Designed by JCPenney’s in-house product development and design team, Xersion activewear is built for performance and gives customers the Motivation to Move, regardless of size or fitness level. Also being introduced is JCPenney’s new innovative and exclusive EVERAIR fabrication, combining breathable technology and Quick-Dri wicking for optimal air flow to remain cool and dry. Xersion products allow customers to fully focus on their activity with design that encourages a distraction-free workout, with sweat-proof pockets, reflective and anti-odour elements, venting, thumbholes, compression, built-in mesh, and chafe-free seams. Women’s sports bras and high-waist leggings stay in place with three compression levels, studio, move, and train, which match her workout, offered in matching monochromatic or colour-blocking styles, according to a media statement by JCPenney.

Available today in all stores and at the JCPenney flagship store, jcp.com, the size-inclusive line is available in boys, boys husky, girls, girls plus,

Gazal Gupta launches first flagship store in Mumbai

Pic: Gazal Gupta

Brand: Gazal Gupta

 

Company: Gazal Gupta

 

Location: Kala Ghoda, Fort, Mumbai, India

 

Product Profile: The new store houses designer’s multi-faceted range of sarees, suits, lehengas, dresses, drapes and the newly launched Pret collection in signature prints especially designed with the Mumbai mood.

 

About the company: With forte in sarees and lehengas, Gazal Gupta is a designer couture brand that creates exceptional fashion that has a perfect balance between contemporary designs and Indian craftsmanship.

Fibre2Fashion News Desk (JL)


Brand: Gazal Gupta Company: Gazal Gupta Location: Kala Ghoda, Fort, Mumbai, India Product Profile: The new store houses designer’s multi-faceted range of sarees, suits, lehengas, dresses, drapes and the newly launched Pret collection in signature prints especially designed with the Mumbai mood. About the company: With forte in sarees and lehengas

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LVMH appoints Anthony Ledru CEO at Tiffany

LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury products group, has announced the appointment of Anthony Ledru as the new chief executive officer of Tiffany. LVMH also completed the acquisition of Tiffany & Co, the global luxury jeweller which will transform LVMH’s watches & jewellery division and complement LVMH’s 75 distinguished Maisons.

 

Ledru was previously executive vice president, global commercial activities and formerly senior vice president of North America at Tiffany.

 

“I am pleased to welcome Tiffany and all their talented employees in our group. Tiffany is an iconic brand and a quintessential emblem of the global jewellery sector. We are committed to supporting Tiffany, a brand that is synonymous with love and whose Blue Box is revered around the world, with the same dedication and passion that we have applied to each of our prestigious Maisons over the years. We are optimistic about Tiffany’s ability to accelerate its growth, innovate and remain at the forefront of our discerning customers’ most cherished life achievements and memories. I would like to thank Alessandro Bogliolo and his team for their dedication to Tiffany and their work over the past three years, especially during this challenging period,” Bernard Arnault, chairman

Tommy Hilfiger unveils 3rd edition of fashion challenge


Tommy Hilfiger, which is owned by PVH Corp, has unveiled the third edition of the Tommy Hilfiger Fashion Frontier Challenge. The challenge is open from January 6 until March 8, 2021. The global programme is meant to support entrepreneurial start-up and scale-up stage businesses which develop solutions to bring a positive social impact in fashion.

Since its inception in 2018, the Tommy Hilfiger Fashion Frontier Challenge has awarded €350,000 to entrepreneurs who stand up for what they believe in and are committed to driving change within their communities. Building on Tommy Hilfiger’s sustainability vision to Waste Nothing and Welcome All, the third edition of the programme strives to amplify and support black, indigenous and people of colour (BIPOC) entrepreneurs who are working to advance their communities and foster a more inclusive future of fashion. The group has also invited consumers to get involved and help judge submissions.

“The Tommy Hilfiger Fashion Frontier Challenge puts a spotlight on entrepreneurs putting their heart and soul into making a positive social impact in our industry,” said Tommy Hilfiger. “This year, we want to showcase an even more diverse range of perspectives, ideas and communities by supporting BIPOC entrepreneurs. We have a responsibility