German fashion brand Hugo Boss has outlined a new strategic business plan, designed to increase the desirability of its Boss and Hugo brands through investments in speed and personalisation. The company, which is hosting an investor day in London today (15 November), has also revealed plans to increase group sales by an average of between 5%-7% per year through the expansion of its online business and exploiting its growth potential in Asia.
Apparel retailers, brands and manufacturers have been urged to respond to consumer demand for "comfort" clothing that fits their changing lifestyles and is driving the growth of the GBP$2.5bn athleisure industry.
Software firm PTC has joined forces with Rockwell Automation to launch a factory innovation software suite they say will enable companies to accelerate digital transformation strategies for greater productivity through making complex processes more simple.
Five leading UK online fast fashion retailers including Asos and Boohoo are to be questioned by British lawmakers later this month in the last of a series of hearings focusing on the environmental impacts of the garment industry, as well as social issues such as workers' rights and fair pay.