Inditex 1Q20 sales drop limited to 44% despite up to 88% of stores closed
Online sales up 50% in 1Q20 and up 95% in April alone Group’s Executive Chairman Pablo Isla has unveiled the Group’s plan for 2020-2022, providing...
Category : News
PVH Corp. Reports 2020 First Quarter Results
Sees Increased Losses due to Covid 18 The PVH group Ended the first quarter with $1.8 billion of liquidity, consisting of approximately $800 million of...
H&M Looks at Online Growth in 2020
The H&M group’s net sales increased by 8 percent to SEK 54,948 m (51,015) in the first quarter. In local currencies, net sales increased by...
ANTIMICROBIAL FABRICS: THE SAVIOUR OF T&A SECTOR?
INDUSTRY SEES CONTONOUS LAUNCHES OF ANTIMICROBIAL FABRICS… HOW LONG THIS WILL STAY??? The disruption caused by Covid-19 in fashion industry has resulted in many proactive...
U.S. retail sales jumped by a record 17.7.. How long the trend continue????
U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the...
FAST CHANGING DYNAMICS OF RETAIL IN THE US
US retail sales up a record 17.7% in a partial rebound. Americans are spending disproportionately more on essentials and less on luxuries. If there were...
IMA ASIA : PPE KITS WITH IMA SOLUTIONS FASTER & ACCURATE
In a one-o-one conversation P. Gunasekaran, MD, IMA ASIA points out how the available technology from IMA Can support companies who are now engaging in...
Custom delays in CHINA consignments; Puts Importers in Trouble
The recent tension between India and China is taking a new turn. While on one hand the Govt has banned Chinese apps on the other...
BIG RESPITE FOR EXPORTERS AS GOVT REMOVES BAN ON PPE EXPORTS
The government on Monday allowed export of personal protective equipment (PPE) medical coveralls for coronavirus with a cap of 50 lakh per month. The exports...
Government considering exports of PPE-coverall
Considering the request by Apparel Export Promotion Council (AEPC), the Ministry of Textiles has assured to discuss with the Ministry of Finance, Commerce and Health...