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...
Shipments to the US Disrupted Due to Red Sea Crisis
A lot of retailers in the US are facing shortage of stocks because of disruptions in the Red Sea. Attack on vessels in the Red...
GHCL to Invest Rs 535 cr in Tamil Nadu
GHCL Textiles Ltdhas signed a memorandum of understanding with the Government of Tamil Nadu for an investment of Rs 535 crore, at the Global Investors...