Next Sees Rise in Q3 Sales
The fashion retailer Next has added £10m to its profit forecast, which now stands at £885m for the year, as it revealed sales had rose...
Category : Global
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
British retail giant Next to buy Fatface for £115m
British clothing group Next (NXT.L) has agreed to buy FatFace in a deal valuing the fashion chain at 115.2 million pounds ($140 million), adding another...
China Sees Slowdown in Exports
Between January and May 2023, China’s overall exports of textiles, clothing and accessories totalled $118.202 billion. This marked a decline of 5.26% per cent compared...
H&M Signs MOU WITH BGMEA
Swedish fashion giant H&M has signed a memorandum of understanding (MoU) with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) towards a circular and climate...
Neiman Marcus to cut workforce
Neiman Marcus will cut 5% of workforce as part of operating model in a bid to accelerate its growth roadmap. The moves come as part...
EU Reduces Sourcing from China
Europe’s apparel imports from China have been falling since July-September 2021, but the pace of decline increased in April-June quarter of this year. The trend...
Xmas Buying Starts Early
Holiday creep is real. Halloween costumes fill store shelves in August, pumpkin-flavored everything is on the menu by Labour Day, and Christmas gifts and decor...
Free trade agreements (FTAs) with the developed world an important agenda of Modi government: Textile Minister
Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal said that Textile Industry has a big role...
Fear of Recession in the US
Buyers Get Cautious; Affects Pace of Orders The news about America going in recession has come as a bouncer for all apparel exporters in India...