Rajiv Suri MD Shoppers Stop Exits
The managing director and chief executive officer of Shoppers Stop Rajiv Suri has quit the company, two years after being at the helm of the...
Category : News
ZARA SEES GROWTH AND PROFITS IN INDIA
Spain’s luxury fashion brand Zara posted 45.54 percent growth in its profit after tax to Rs 104.05 crore from the Indian market in 2020 fiscal,...
INCREASE IN COVID 19 CASES IMPACTS PRODUCTION IN SURAT
The recent spike in Covid-19 cases has halted the revival in Surat’s synthetic textiles hub. With roughly 215 fresh daily cases and the tally at...
Messe Frankfurt celebrates its 780th anniversary
On 11 July 1240, Emperor Frederick II granted trade fair rights to Frankfurt am Main, marking the birth of Messe Frankfurt. Now, 780 years later,...
Extended lockdown in Maharashtra creates big trouble…
Rats and water leakages destroys machinery in textile units It is a well known fact that any machinery if kept unused for a long time...
Another retailer files for bankruptcy…
Brooks Brothers, founded in 1818, is the recent that has filed for bankruptcy. The retailer, which generated more than $991 million in sales last year,...
WHAT WILL BE THE FUTURE OF FASHION?
A POLL BY PERFECT SOURCING TEAM PERFECT SOURCING CONDUCTED A POLL on how the fashion industry will change in the times to come. The survey...
Textile industry might improve soon
Low-end goods, essential goods and value-for-money goods in the textile sector are moving well in the COVID-19 situation but fashionable apparels that depended on showrooms...
Myntra acquires 7 lakh new customers during EORS 12
Fashion e-commerce major Myntra acquired 7 lakh new customers during the recently concluded 12th edition of its ‘End of Reason Sale (EORS). The company saw...
Arvind Fashion to Raise Capital
Arvind Fashions has seen its apparel brand sales drop during the lockdown and struggling to meet the operational costs, including payment of salaries to staff....