Home / Knowledge / News / Apparel/Garments / E-com accounts for 80% of sales of Canada's RYU Apparel

E-com accounts for 80% of sales of Canada's RYU Apparel

Nov '20
Pic: RYU Apparel
Pic: RYU Apparel
Canada’s RYU Apparel Inc. has restarting its e-commerce store on the Shopify platform and its e-commerce sales now account for 80 per cent of all RYU sales and continue to grow exponentially, company chief executive officer (CEO) Cesare Fazari said recently in a corporate update letter.

Its balance sheet has also been strengthened, offering the company with the capital it needs to meet key business goals and restore profitability.

RYU’s first and second quarter e-commerce sales increased by 80 per cent compared to figures in the same period last year. Sales in the third and fourth quarters are expected to more than double than e-commerce in 2019, Fazari said.

Alex McAulay, a chartered accountant in the apparel industry, who brings a wealth of experience in mergers and acquisitions, sales and e-commerce, has been appointed the chief financial officer. Joel first, co-founder of Naked Brands Inc., will enter into an advisory relationship with RYU.

In addition, RYU has resumed production in Canada. Through the introduction of ‘Made in Canada’ product lines, RYU intends to raise its domestic production in the coming years, Fazari said.

The consolidation of its warehouses has been completed to optimise fulfillment, reduce delivery times and save on monthly billing costs.

Fibre2Fashion News Desk (DS)

Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2021

ITC supports boosting Tajik textile-clothing sector's

As part of the International Trade Centre’s (ITC) intensive training...

Pic: Shutterstock

Retail | On 26th Feb 2021

UK athleisure order volumes rise since pandemic started

The lockdown has boosted UK athleisure sales, while a lack of social...

Pic: Shutterstock

E-commerce | On 26th Feb 2021

Digital savvy firms germane to buyers in post-pandemic era:

A paradigm shift towards digitisation was already under way before...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search