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Clothing sales slightly up amidst falling US retail market
Amidst dwindling retail sales in May , the US witnessed a rise in clothing sales . Sales at clothing and accessories retailers in the month were up by 2.1 per cent to US $ 21.94 billion from US $ 21.49 billion year-on-year . New figures from the US Census Bureau
Lululemon enters into strategic partnership with 7mesh
Vancouver-based athleisure company Lululemon Athletica Inc . has announced a strategic partnership with 7mesh Industries Inc ., an emerging global brand in high performance cycling apparel , to co-create and push the boundaries in advanced technical apparel . “ We ’ re always open to unlock opportunities to fuel our innovation pipeline . In bringing together 7mesh ’ s extensive technical apparel expertise and performance-focused mindset with the capabilities of our industry disrupting R & D Whitespace team , we perfectly blend fashion and function to co-create transformational products for our guests ,” said Lululemon CEO Laurent Potdevin in a statement issued by the company . highlight that total retail sales was down by 0.3 per cent in May in the month prior , the biggest drop since January 2016 .
The statistics also show that the reversal in May unwound much of the strength in April when sales were up by 0.4 per cent ,
Building on the success of its pioneering engineered sensation , Whitespace R & D is an investment priority and catalyst for innovation through its creation of new fabrics and construction technologies , product testing and future concept development . “ We ’ re excited to partner with industry leaders like 7mesh , building deep technical capabilities that will enable us to thanks to a , late Easter holiday and the arrival of tax refunds for US workers . Sales at non-store retailers , or e-Commerce , jumped 10.2 per cent year-on-year .
In the same context , Neil Saunders , Managing Director of GlobalData Retail said , “ As such , the level of growth posted this month is unlikely to be sustained over the remainder of summer . This applies in particular if interest rates continue to rise . To date , the impact of rate increase has been small ; but from our tracker , more consumers are now becoming concerned about the impact of higher interest payments on their various debts .”
scale the cadence of innovation we deliver to market ,” added COO Stuart Haselden . Commenting on the move , Tyler Jordan , CEO , 7mesh said , “ Working in close partnership with Lululemon ’ s Whitespace team is an incredible opportunity for us . We ’ ll push the state-of-the-art technology together in co-creating the most advanced technical performance apparel available .”
C & A Europe appoints new CEO
COFRA Holding has announced appointment of Alain Caparros to the position of Chief Executive Officer ( CEO ) for its C & A Europe retail business , effective from August 1 , 2017 . He will succeed Philippe Brenninkmeijer in this role . Alain Caparros joins C & A Europe from REWE-Group , a large European food retailer and tourism operator , where he has been a member of the Executive Board since 2004 and CEO since 2006 .
Commenting on his appointment , Martijn Brenninkmeijer , Chief Executive Officer of COFRA Holding said , “ We believe that in Alain Caparros , C & A will have the right leader to ensure that the transformation of C & A Europe , which is showing early signs of success , accelerates further and is implemented and optimized in order to build a stronger business for the future . We are very pleased to announce his arrival at C & A and look forward to partnering with him .” This appointment is part of C & A Europe ’ s transformation programme , which aims to fundamentally change how the brand adds value for its customers while maintaining its deep commitment to sustainability . Through a combination of substantial investment in marketing , on-line , store improvements and operational optimizations , C & A aims to further strengthen its market position in Europe to ensure a successful future for the brand .
14 Apparel Online India | JULY 1-15 , 2017 | www . apparelresources . com