Walmart the largest retail employer in the United States and a company with very active presence in Africa, announced this past week its intent to launch a green labeling system. What this means is Walmart will disclose the environmental impact of the product it sells to consumers. Also, for the 100,000 suppliers of goods to …
Textile Apparel Continue Downward Trend in Nigeria
Unfortunately Nigeria’s apparel textile industry continues its downward trend. In a July 2009 interview Mr. Sodhi Navdeep, UNIDO Consultant on textile and international trade, gave to Vanguard Nigeria, he chronicled the continued woes of the textile industry: Ladybrille MagazineFounded in 2007, Ladybrille® Magazine is a California based pioneer digital publication demystifying the image of Africans …
Business Plan, an Essential for your Business
It is so fashionable these days to be a “designer” or “launch” yet another magazine in Nigeria. But, before you join the bandwagon, really think through the big picture and take the time to write out what your business should look like. Don’t start a business because Deola or Folake just started theirs. Start a …
Taé Flagship Store, Lagos by Bisola Edun
Designer Bisola Edun has made it explicitly clear to all who will listen her goal to have her fashion label Taé be the first Nigerian fashion label listed on Nigeria’s Stock Exchange. The very ambitious Edun also wants to have Taé retail chain stores across the country and also in every major city across the …
Nike Ogunlesi, Ruff n Tumble
Imagine starting a business when the word ‘entrepreneur’ especially ‘fashion entrepreneur’ sounded very foreign to Nigerians. That is precisely what Nike Ogunlesi, founder and CEO of Ruff n Tumble did. “I started in 1996, I was selling from the back of my car, I was selling at bazaars. Everywhere, there was a bazaar, I was there, my …
Palms Shopping Mall, Changing Retail Distribution in Nigeria
South Africa owned, Nigerian managed ‘The Palms Shopping Mall’ launched in 2005 is a major contributor to changing retail distribution and ultimately the retail experience for Nigerians, particularly the growing middle class to affluent. The Mall’s opening provided significant channels of distribution to allow manufacturers reach buyers who are ready and able to spend. Strolling …