Wool

Canada Goose Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, November 2, 2023
Retail, Luxury, Fashion, Gossypium, National Transformation Program 2020 (Saudi Arabia), Waistcoat, System, Tax, Pressure, Polo neck, Clothing, Concept, Frankfurt Airport, EBIT, Environment, Garnet, Growth, Travel, Risk, OVO, Hong Kong Fashion Week for Fall/Winter, Partnership, Bank statement, BAPE, Lumina, Woman, DTC, Collection, Pharmaceutical industry, Tourism, Wool, Telescopic sight, Security (finance)

Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.

Key Points: 
  • Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.
  • During the second quarter of fiscal 2024, the Company repurchased 1,364,542 subordinate voting shares for a total cash consideration of $29.9m, ending the quarter with a cash balance of $37.5m, compared with $97.1m at first quarter ended October 2, 2022.
  • Non-Heavyweight Down category grew year-over-year in the second quarter of fiscal 2024, expanding its share of revenue within the overall mix.
  • As a result, we saw early momentum gathered in our second quarter of fiscal 2024 begin to slow noticeably in September.

itselectric Wins Top $100,000 Prize in the 2023 QBE AcceliCITY Resilience Challenge

Retrieved on: 
Thursday, November 2, 2023
QBE, EV, Resilience, Accel-KKR, Earthshot Prize, Code for America, Crime & the City Solution, City, The People's Choice, QBE Insurance, Partnership, Lead City University, Safety, Climate change, Syrinx, Wool

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- The 2023 QBE AcceliCITY Resilience Challenge, hosted by Leading Cities in partnership with QBE Insurance Group, concluded today with the City Solution of the Year awarded to itselectric, a groundbreaking company that is addressing the critical challenges of electric vehicle (EV) adoption by focusing on expanding and enhancing EV infrastructure through partnerships with private building owners.

Key Points: 
  • "At QBE, we are committed to helping promote resilience and sustainability in communities, and this year's Resilience Challenge winner itselectric has developed a solution with the potential to transform our cities."
  • itselectric was selected as the City Solution of the Year from a pool of more than 650 entrepreneurs from 80 countries who competed in the QBE AcceliCITY challenge.
  • The QBE AcceliCITY Resilience Challenge has quickly become one of the largest programs of its kind in the world and has demonstrated tremendous impact.
  • The QBE AcceliCITY program connects startup's smart solutions directly with users and provides the proper channels and know-how to deploy in cities.

Rugs USA Announces Designer Collaboration With Emily Henderson

Retrieved on: 
Wednesday, November 1, 2023
Eye, Rug, Collection, Wool, Internet, Interior design, Carpet

CRANBURY, N.J., Nov. 1, 2023 /PRNewswire/ -- Rugs USA, a leading e-commerce retailer and supplier of area rugs and home décor products, announces the launch of an exclusive collection in collaboration with renowned American interior designer and stylist Emily Henderson. The designer's first product collaboration of any kind, Emily Henderson x Rugs USA is a versatile selection of rugs featuring 20 designs in a range of sizes, with two of those designs available in additional colorways—all at an affordable price point.

Key Points: 
  • CRANBURY, N.J., Nov. 1, 2023 /PRNewswire/ -- Rugs USA, a leading e-commerce retailer and supplier of area rugs and home décor products, announces the launch of an exclusive collection in collaboration with renowned American interior designer and stylist Emily Henderson.
  • The designer's first product collaboration of any kind, Emily Henderson x Rugs USA is a versatile selection of rugs featuring 20 designs in a range of sizes, with two of those designs available in additional colorways—all at an affordable price point.
  • "We are long-time followers of Emily Henderson here at Rugs USA, not only for joyful and vintage-inspired interiors, but also for her passion for making great design approachable for all.
  • "I love things that are simple but special—it's one of my design philosophies that I say over and over," says Henderson.

The Sopi Mitil Co. Unveils Innovative Petite and Curvy Women's Fashion Line for Effortless and Stylish Professional Shopping

Retrieved on: 
Wednesday, November 1, 2023
Florida Atlantic University, Health, Life, Master's degree, Silk, Florida International University, Statistics, Empowerment, Master, Bachelor, Environment, Perseverance, Pick, Dream, Freedom, Woman, FSC, Collection, Wool, Clothing, Fashion design

Look no further because The Sopi Mitil Co. is here to redefine elegance and luxury for petite and curvy women.

Key Points: 
  • Look no further because The Sopi Mitil Co. is here to redefine elegance and luxury for petite and curvy women.
  • The Sopi Mitil Co., founded by the dynamic Sopi herself, is the brainchild of a successful attorney turned fashion entrepreneur.
  • The clothing line offers a proprietary multi-sized fit technology, ensuring a comfortable and flattering fit for every petite and curvy body type.
  • As a woman-owned and operated fashion brand, Sopi Mitil is on a mission to transform the industry for the better.

STL develops 160-micron fibre, the world's slimmest fibre and cable technology

Retrieved on: 
Friday, October 27, 2023
Science, Electronics, Patent, Fiber, ITU, Center of excellence, Glass, Increment, Communication, Telecommunications, Imagination, Optical fiber, Information technology, Map, IMC, Wool, STL

NEW DELHI, LONDON and COLUMBIA, S.C., Oct. 27, 2023 /PRNewswire/ -- In a proud achievement for India's R&D capability, STL [NSE: STLTECH], a leading optical and digital solutions company, today announced that it has developed the world's slimmest fibre for telecommunications - 160-micron Optical Fibre. Commending the technology innovations which are Designed in India and Made in India, Mr Ashwini Vaishnaw, Union Minister for Communications, Electronics & Information Technology & Railways, unveiled this world-leading product at STL's booth in IMC 2023. Post unveiling the 160-micron Fibre, the H'onable minister 'spliced' or 'joined' two strands of optical fibre - a highly calibrated process of perfectly connecting the cores of two hair-thin optical fibres.

Key Points: 
  • Cable made with STL's 160-micron fibre can pack 3X more capacity than traditional 250-micron fibre.
  • This has been conceptualised and developed indigenously at STL's Centre of Excellence in Maharashtra, making STL among the first companies globally to develop and patent this industry-leading technology.
  • This announcement comes after a series of innovations by our R&D experts, including India's first multicore fibre with 4X capacity and 180-micron fibre.
  • I am extremely excited to imagine the future of India's digital networks with this disruptive fibre design," said Ankit Agarwal, Managing Director, STL.

STL develops 160-micron fibre, the world's slimmest fibre and cable technology

Retrieved on: 
Friday, October 27, 2023
Science, Electronics, Patent, Fiber, ITU, Center of excellence, Glass, Increment, Communication, Telecommunications, Imagination, Optical fiber, Information technology, Map, IMC, Wool, STL

NEW DELHI, LONDON and COLUMBIA, S.C., Oct. 27, 2023 /PRNewswire/ -- In a proud achievement for India's R&D capability, STL [NSE: STLTECH], a leading optical and digital solutions company, today announced that it has developed the world's slimmest fibre for telecommunications - 160-micron Optical Fibre. Commending the technology innovations which are Designed in India and Made in India, Mr Ashwini Vaishnaw, Union Minister for Communications, Electronics & Information Technology & Railways, unveiled this world-leading product at STL's booth in IMC 2023. Post unveiling the 160-micron Fibre, the H'onable minister 'spliced' or 'joined' two strands of optical fibre - a highly calibrated process of perfectly connecting the cores of two hair-thin optical fibres.

Key Points: 
  • Cable made with STL's 160-micron fibre can pack 3X more capacity than traditional 250-micron fibre.
  • This has been conceptualised and developed indigenously at STL's Centre of Excellence in Maharashtra, making STL among the first companies globally to develop and patent this industry-leading technology.
  • This announcement comes after a series of innovations by our R&D experts, including India's first multicore fibre with 4X capacity and 180-micron fibre.
  • I am extremely excited to imagine the future of India's digital networks with this disruptive fibre design," said Ankit Agarwal, Managing Director, STL.

Sikh 'barred from Birmingham jury service' for religious sword

Retrieved on: 
Sunday, October 29, 2023
Child, Sikh Federation (UK), Pakistan Sikh Council, Guru Nanak Gurdwara Smethwick, Tribunals Service, Kesh, Sikhs, Ministry of Justice (United Kingdom), Lunch, Ministry, Queen Elizabeth II Law Courts, Birmingham, BBC West Midlands, Sikh Federation, HMCTS, Justice, His Majesty's Courts and Tribunals Service, Hunting, Private investigator, Wool, Facebook, Kirpan

Sikh 'barred from Birmingham jury service' for religious sword

Key Points: 
  • Sikh 'barred from Birmingham jury service' for religious sword
    - Published
    A Sikh man said he felt "embarrassed and discriminated against" after being prevented from taking part in jury service due to his religious sword.
  • The Ministry of Justice (MoJ) said Mr Singh was released from his duties as there was a surplus of required jurors.
  • Meanwhile, His Majesty's Courts and Tribunals Service (HMCTS) has apologised to Mr Singh.
  • He called for the (MoJ) to work with Sikh and other religious organisations to create easily accessible guidelines that can be provided to staff.

Global Sources Fashion - 23 Hong Kong Show Phase 3 leads new trends in fashion

Retrieved on: 
Friday, October 27, 2023
Fashion, Element, Sport, Global health, Exhibition, Sustainability, ESG, Health, International business, Sportswear, Environmental protection, AsiaWorld–Expo, Commerce, Creativity, Julie Fleeting, Pantone, Ministry, Global Sources, Ministry of Textiles, Collection, Wool, Clothing, Fashion design, Environment, Textile, Whispering

HONG KONG, Oct. 27, 2023 /PRNewswire/ -- Phase 3 of the 2023 Global Sources Hong Kong shows – Fashion – officially kicks off today and will run until October 30 at AsiaWorld-Expo.

Key Points: 
  • HONG KONG, Oct. 27, 2023 /PRNewswire/ -- Phase 3 of the 2023 Global Sources Hong Kong shows – Fashion – officially kicks off today and will run until October 30 at AsiaWorld-Expo.
  • An exciting change introduced by Global Sources this year is the move of the Fashion show to Phase 3.
  • This year, Global Sources Fashion has specially invited suppliers from India and Vietnam to showcase highly distinctive local fashion products and crafts.
  • To better lead fashion trends, Global Sources Fashion has once again partnered with Pantone, the world's leading color institute, to present and interpret the fashion color trends for the 2024 Fall/Winter season.

The Company Store Launches New Luxury Hybrid Mattress for Ultimate Comfort and Superior Sleep

Retrieved on: 
Thursday, October 26, 2023
Textile, Temperature, Life, East Jordan Lumber Company Store Building, Silk, Dream, Silver, Company store, Wool, Copper, Beauty, Breathability, Department store, Linens

NEW YORK, Oct. 26, 2023 /PRNewswire/ -- The Company Store, a leading online retailer of premium quality textiles, home decor products, and all things comfort, announced its expansion into the luxury mattress market. Available to purchase beginning Nov. 1, The Company Store Mattress is made to order in the U.S. and features the exceptional craftsmanship and quality that The Company Store is known for.

Key Points: 
  • Available to purchase beginning Nov. 1, The Company Store Mattress is made to order in the U.S. and features the exceptional craftsmanship and quality that The Company Store is known for.
  • To create this new level of comfort, The Company Store partnered with a fourth-generation family-owned company which has been handcrafting mattresses in the U.S. for 87 years.
  • Blending their expertise in mattress building with The Company Store's expertise in comfort and design, they've created a deluxe mattress designed to provide superb comfort and restorative sleep.
  • The Company Store Mattress is assembled in the U.S. of imported and domestic premium materials and offers thoughtfully crafted, made-to-order luxury:
    The Company Store Mattress is hand tufted, with wool rosettes inserted to secure each layer.

Ermenegildo Zegna Group Continues to Deliver Robust Growth in Third Quarter of 2023

Retrieved on: 
Tuesday, October 24, 2023
Fashion, Online Retail, Retail, Luxury, Manufacturing, Textiles, Adjustment, Capital market, Nine Months, Sale, Growth, Greater China, Thom Browne, Shoe, NYSE, Health, Acquisition, Bank statement, Webcast, CET, Milan Fashion Week, Creative, Political lists, Winter Spring Summer Fall (album), DTC, Collection, Wool, Fashion design, Clothing, Security (finance), Cryptocurrency, Pharmaceutical industry, Video game, Zegna

Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA and Thom Browne brands and exclusive licensee for the TOM FORD fashion business, today announced unaudited revenues of €431 million for the third quarter of 2023.

Key Points: 
  • Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA and Thom Browne brands and exclusive licensee for the TOM FORD fashion business, today announced unaudited revenues of €431 million for the third quarter of 2023.
  • 1 Throughout this press release, revenues for the third quarter of 2023 and the nine months of 2023, and comparatives thereof, are unaudited.
  • Review of Revenues for the Third Quarter 2023 and the Nine Months ended September 30, 2023
    In the third quarter of 2023, Zegna Group generated revenues of €431 million, an increase of 20.8% year-over-year.
  • Zegna Segment: For the third quarter of 2023, revenues for the Zegna segment amounted to €298 million, growing 3.0% year-over-year and 6.0% year-over-year on a constant currency basis, with an organic growth rate of 12.7% for the quarter.