USA 2018 holiday season sales fail to meet expectations
Holiday season spending in the USA amplified lower than expected by a mere 2.9 percent to US $ 707.5 billion, said National Retail Federation, the...
Author : Perfect Sourcing Newsdesk
Apparel manufacturer TCNS Clothing’s profit scorches up 35%
Indian garment manufacturer, TCNS Clothing Co. Ltd., which specialises in womenswear and even retails popular brands such as W, Aurelia and Wishful, registered a 35...
India Calling! Government may relax FDI rules for single brand retailers
The Department for Promotion of Investment and Internal Trade (DPIIT) in India has issued a Cabinet Note proposing that Foreign Direct Investment (FDI)- backed single...
Gucci spins money for parent Kering
Italian luxury brand of fashion and leather goods, Gucci has once again emerged as the biggest money spinner the Kering Group. Gucci met its financial...
Tech Update: Gerber Technology unleashes latest version of its garmenting solution
Today’s shoppers seek personalisation, convenience and value regardless of shopping online or offline. Understanding the market demand, Gerber Technology — a pioneer in offering garment...
Indian retailer Spencer’s Retail Q3 net revenue up 7%
Spencer’s Retail, a chain of retail stores headquartered in Kolkata, West Bengal having presence in more than 35 cities in India, has revealed its financial...
Under Armour sees ‘not so cheerful’ holiday season as revenue soars marginally
Under Armour, an American company that manufactures footwear, sports, and casual apparel, has reportedly met estimates for quarterly earnings post 2018 holiday season. The 2018...
Fashion retailer Marks & Spencer bets big on India retailing
Marks & Spencer (M&S), a major Britain-based multinational fashion retail brand headquartered in London that specialises in selling clothing, home products and luxury food products,...
Uzbekistan Prez focuses on increasing textile exports
Uzbek President Shavkat Mirziyoyev has pledged to restructure the textile industry to completely recycle raw cotton internally. The ultimate aim is to increase the export...
Garment maker KPR Mill to add 10 Mn garment manufacturing capacity
KPR Mill, a vertically-integrated Indian textile manufacturer, is planning to increase its garment manufacturing potential by 10 million to a total of 115 million. The...