India’s leather exports fell 10 per cent in dollar terms in 2015-16 compared with 2014-15. The industry had achieved a cumulative annual growth rate of 13 per cent for five years till last fiscal. The fall in leather exports in FY16 was on account of slowdown in the EU, a major export destination for Indian […]
Almost half of all Indian internet users will be from rural areas in 2020, according to a recent article by The Boston Consulting Group (BCG). The number of connected individuals in rural India is expected to grow from 120 million in 2015 to roughly 315 million by 2020, an average increase of 30% per year. […]
In partnership with Sequential Brands Group and Camuto Group, Jessica Simpson has launched a collection of performance footwear as part of her athleisure line, The Warm Up. The footwear line features modern, feminine designs and, in line with the apparel, touts a focus on technical attributes. The offering boasts lightweight, flexible constructions, breathable linings, mesh, […]
Calvin Klein has appointed Raf Simons as chief creative officer, filling the vacant position left by Francisco Costa in April. The brand and Simons have been unable to make any announcement due to the year-long non-compete clause in Simons’s Christian Dior contract that came to an end last month. “The arrival of Raf Simons as […]
California-based K-Swiss has unveiled its Modern Court collection, a series of premium court shoes targeting millennials. Infused with the heritage of the American tennis brand’s iconic DNA and produced in Portugal from rich leathers, Modern Court is designed for everyday wear. The collection’s tagline is “Dress Like You Made It.” The shoes will be available […]
Usain Bolt, the Puma-sponsored Jamaican sprinter who holds the world record for the men’s 200-meter, announced that this Rio Olympics will be his last. “I have done everything and have proven myself,” he said. The 29-year-old, six-time Olympic gold medalist said that this year he’d like to break his own 200 record and become the […]
Retailer Jimmy Jazz and rapper 21 Savage have teamed up on a new Timberland style. The collaborators debuted images of the 6-inch denim boot ahead of its fall arrival at Jimmy Jazz stores and online. Featuring a waterproof design, the premium denim acid-washed upper is direct-attached with seam-sealed construction. Other details include goldtone lace holes, […]
DJP Holdings LLC, parent company of Donald J Pliner men’s and women’s footwear lines, is taking its founder and former designer Donald J. Pliner and his wife, Lisa Pliner, to court. Just days after the veteran shoe designer launched two new collections — his first since stepping down from his eponymous brand in 2015 — […]
Amazon.com founder and CEO Jeff Bezos sold one million shares of his holdings in the company raising $757 million. Bezos benefited some from the stock market reaction to impressive quarterly results at Amazon. The e-commerce giant reported revenue of $30.4 billion, up 31% from a year earlier, and adjusted profit per shares of $1.78, versus […]
Japanese antitrust regulators raided the offices of Amazon.com’s local arm, the latest probe targeting the U.S. e-commerce giant in a reflection of intensifying competition. A spokesman for Japan’s Fair Trade Commission confirmed the report. The report said Amazon Japan had allegedly forced retailers to set their prices lower on Amazon to give the site an […]
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