Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
Category : News
Moody’s Report Anticipates Growth for Apparel Sector
According tot he report, the apparel industry’s profit will plunge 50% to 60% in 2020, then surge 70% to 90% in 2021, primarily in the...
Pantone Picks Two Colors of the Year for 2021
Pantone best known for its system of standardised colours used across industries, got philosophical with its two picks for the coming year, “Ultimate Gray” and...
TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
Lululemon See Rise in Sale
Sees Good Demand for Workout Apparels, Women’s wear Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts’ estimates as...
TESCO TO SELL ITS THAILAND AND MALAYSIAN BUSINESS
Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited...
MANISH ARORA STOPS OPERATIONS
Famous fashion designer Manish Arora’s namesake fashion brand has reportedly been knocked down by bad business deals, unpaid wages, lawsuits and vendor disputes that began...
US CHINA RELATION UNLIKLEY TO IMPROVE BIDEN SAYS WILL NOT REMOVE TARIFFS
President-elect Joe Biden said he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. Biden intends to first review the existing...
THE MOST FASHION CENTRIC BRAND LAYS OF 60 EMPLOYEES IN INDIA…
Find out here…. Fast fashion retailer H&M has restructured its business and laid off around 60 employees in its India sourcing entity. The good news...