India’s cotton yarn exports to surge by 85% to 90% in FY2024: ICRA
ICRA predicts a 12-14% annual increase in demand for the domestic cotton spinning industry in FY2024, with yarn exports likely to increase by a sharp...
Author : PS NewsDesk
Sudhir Sekri takes over as the chairman of AEPC
Shri Sudhir Sekhri, has taken over as the new Chairman of Apparel Export Promotion Council (AEPC). Being into the business of readymade garment manufacturing for...
Consumer Spending Via Online Channels up by 3.7%
UK shoppers spent £24.4bn online over the Christmas period, up 3.7% year-on-year, as deep discounting and BNPL drove sales. Online prices were discounted in the...
M&S Reports Hike in Sales During Xmas
M&S has reported 8.1% rise in like-for-like sales during Xmas. The department store and food retailer saw UK sales surge to £3.6bn in the 13...
Retailers have disappointing Christmas after ‘sluggish’ year
Low consumer confidence resulted in lower spending during Xmas as total UK retail sales nudged up just 1.7% in December compared to nearly 7% the...
Arvind Ltd and Gap Inc. Launches the Global Water Innovation Centre for Action (GWICA)
To tackle water challenges faced by the global textile and apparel industry, Arvind Ltd launched world’s first open-source innovation centre for water sustainability in apparel...
Superdry to sell Middle East and US brand rights?
Fashion retailer Superdry is considering the sale of its brand rights in the US and Middle East as it looks to boost its liquidity. The...
New concept store by H&M in London
Retailer H&M has confirmed it will open a new concept store on Chelsea’s King’s Road in London in spring, offering a new store experience driven...
‘Made in UK’ labels on clothes made in South Asia?
Boohoo has added “Made in UK” labels on possibly “thousands of clothes” made in South Asia. The fast fashion retailer was found to have removed...
PDS Limited expands manufacturing footprint in Sri Lanka
PDS Limited’s subsidiary Norlanka Manufacturing Limited is acquiring a 26% stake in Sri Lanka-based children’s wear manufacturer Nobleswear Private Limited. The business aims to solidify...