Paramount Textile to invest in 100-MW solar project in Bangladesh
Paramount Textile Ltd (PTL) a Bangladesh based apparel company has decided to invest a 100-MW solar project in Bangladesh by purchasing a 49% stake in...
Month : April 2022
Reebok Unveils ‘Money Heist’ Inspired Sneakers & Apparel Range
Reebok has come up with an interesting range of apparel and footwear inspired by Money Heist to equip fans with the essential gear needed to...
Old Navy’s Price on lock Initiative
As inflation has hit a record high, with consumer prices rising 8.5% in March many retail chains are increasing the price of apparels. However, Old...
H&M to Close Few Stores
H&M has announced that it will close 240 stores globally in the year ahead. However, it will also open 95 new stores, so the net...
C&A’s Forever Denim Line Manufactured in Europe Steals Attention
C&A’s new “Forever Denim” line, which is created in Europe, was recently released. As part of its first C&A FIT (Factory for Innovation in Textiles)...
Levis Strauss Profit Soars
The ongoing consumer demand led to Levi Strauss reaffirmed expectations for fiscal 2022, with net revenue forecast to grow 11 to 13% as compared to...
S Kumars (SKNL) Caught in Legal Trouble
The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth...
UP Set to become a Major Textile Hub
In order to make Uttar Pradesh a global textile hub and attract investors in the field of handloom and textiles, the state government is soon...
India’s Share in Apparel Exports to the US Improves, China’s Decline
In Feb 2022, US apparel imports stood at US$ 7.5 billion which is 39% higher than in Feb 2021. On YTD basis, the imports are...
Apparel Retail Sales in the US sees Good Jump
A report released by Wazir Advisors indicate that in the month of March 2022 the apparel store sales in the US reached US$ 17 billion...