Neiman Marcus’ Restructuring Plan Gets Approval
Neiman Marcus has received court approval for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,...
Category : Global
Around 70% Production Capacities Utilised in Bangalore
Uncertainty in garment sector is not new, but the Corona pandemic has actually changed the norms for industry in a big way. While reviewing the...
India to Gain Market Share in the US; as China gets on an Edge
The year 2019 witnessed around Rs 20,000-crore market share loss for China in the apparel segment alone and post-COVID- 19, the declining trend has been...
77 ACRES & RS 900 CR INVESTMENT IN NOIDA FOR APPAREL CLUSTER
The Uttar Pradesh government has earmarked more than 77 acres for the proposed apparel cluster in Noida aiming to get private investment worth Rs 900...
Reebok and Illumination present Minions: The Rise Of Gru Footwear Collection
In partnership with Illumination and global cultural phenomenon, Minions, as well as Universal Brand Development, Reebok officially unveiled the Minions. The Rise of Gru collection...
DUTY FREE SHOPPING IN UK TO END COVID 19 IMPACT LUXURY BRANDS
The UK Government announced that tax free shopping in the UK will end on 31st December this year. All overseas visitors will no longer be...
John Lewis posts losses
In the first six months of this year, the John Lewis Partnership made a loss 55 million pounds, while sales were up marginally by 1%....
ONLINE DRIVING SALES IN THE UK SHOPPERS BUYING CLOTHING & FOOTWEAR
Shoppers turned online to spend once more in August, driving the strongest UK retail sales growth for more than two years, the latest figures from...
USD 10bn opportunity in the US markets for India….
Indian Texpreneurs Federation (ITF) recently said that since the Chinese share in US apparel is declining from 2018, the Indian apparel clusters can take advantage...
AMERICAN EAGLE ANNOUNCES CLOSURE OF 50 STORES Company Reports Losses in Second-Quarter
American Eagle Outfitters Inc. reported smaller-than-expected second-quarter losses and sales that beat expectations, boosted by intimates brand Aerie. On the company’s earnings call with analysts,...