Apparel Online Bangladesh Magazine December Issue 2018 | Page 76

RETAIL CURRENT THE LATEST NEWS HAVE YOUR SAY For the latest news on apparel and textile, make sure that you visit https://apparelresources.com/top-news/ Write to Apparel Resources, B-32, South Extension-1, New Delhi (110049), India or email: [email protected] Abercrombie collaborates with TV star Giuliana Rancic for its upcoming kidswear range US-based fashion retailer Abercrombie has partnered with renowned TV personality Giuliana Rancic and her son Duke to curate exclusive range for the company’s ‘Everybody’ Collection, launched by the brand earlier this year. and girls who don’t want to be restricted to a certain style or colour.” Giuliana and Duke have worked with the American apparel label’s kidswear designing team to pick thread colours and offer their opinions on sketches, graphics and collection. The upcoming collection will mark its debut next year in April. The popular news anchor spoke on the development and said that she is extremely thrilled to be partnering with a brand that encourages Duke to dress in any colour, size or style of his liking. “We were familiar with the brand through its engaging cause- related event that took place at the Shedd Aquarium earlier this year,” Giuliana added. Abercrombie Kids, a division of the American fashion retailer, provides clothes for children Reportedly, Giuliana is expected to promote the upcoming line by visiting stores and events during the upcoming festive season. in the age bracket of 5 to 14 years. The brand’s ‘Everybody’ Collection is available online and at around 60 of its outlets. In a press statement issued, the company elucidated that ‘the line embraces on-trend clothing from a single size system for both boys Alibaba's ‘Singles' Day' sales break records Chinese e-commerce giant Alibaba Group Holding Ltd. announced that its sales hit titanic high of 213.5 billion yuan (US $ 30.7 billion) during its 24- hour online shopping bonanza ‘Singles’ Day’. The 10th annual Chinese shopping event recorded the first US $ 1 billion of transactions in one minute and 25 seconds. Shoppers across China and world over bought items including iPhones, furniture and milk powder starting pre-dawn. The figures include orders settled on Alibaba’s online payment service Alipay across its various online retail services such as AliExpress and Taobao. The firm also included revenues from Lazada, an e-commerce service operating in south-east Asia owned by the company “We can feel that merchants are fully embracing the internet and helping with consumption upgrade,” said Daniel Zhang, Alibaba’s Chief Executive Officer. This year, the firm surpassed its last year’s full-day sales record of 168 billion yuan in under 16 hours. However despite the record haul, the annual sales growth rate fell from 39 per cent to 27 per cent, at the low end of estimates and the smallest rate in the 10 years span of the event. Also called ‘Double 11’, Singles’ Day is the world’s biggest online sales event, outshining the sales of US shopping holidays Black Friday and Cyber Monday combined. Singles’ Day was originally a novelty student holiday to celebrate being single, countering Valentine’s Day, but has since grown into a month- long online shopping festival that peaked with a 24-hour sale 76 Apparel Online Bangladesh | December 2018 | www.apparelresources.com on November 11. The idea for the event is credited to Daniel Zhang, who will succeed Alibaba Founder Jack Ma as the company’s Executive Chairman.