950 jobs at risk at Marks & Spencer
The corona crisis accelerates the reorganization plans at Marks & Spencer: the British retailer wants to make three years progress in one year. That will...
Category : Retail
Import duties in Bangladesh apparel exports… Will this save India’s apparel industry???
New Delhi is gearing up to impose duty/tax on any article of textiles imported from Bangladesh. The decision on Dhaka’s clothing export pressed by the lobby...
Bangladesh’s readymade garment (RMG) Affected Badly Due to Covid
The COVID-19 pandemic has exposed Bangladesh’s readymade garment (RMG) sector’s sensitivities by destabilising global supply chains and leading to a decline in demand. Orders received...
IMPORTS FROM THE US EXPECTED TO REMAIN SLOW
U.S. imports are performing like a yo-yo, up one month and down the next with no apparent cause that can realistically point to either a...
The Lenzing Group Announces Q1 Results
The Lenzing Group, producer of specialty fibres, has announced its first half (H1) results for fiscal year 2020. Revenue during H1 FY20 ended on June...
Debenhams Says it will cut 2,500 more jobs
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. This is on top of...
BACK TO SCHOOL SALES MAY NOT BE STRONG
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. shopping revenue and sales and...
Under Armour expects sales to fall 20% to 25% in second half of 2020 due to Covid-19
Despite better-than-expected financial results in the second quarter, Under Armour provided analysts with a cautious outlook due to the Covid-19 pandemic, causing shares to decline...
Inditex Takes Pledge to Support Workers Right & Suppliers
The biggest fast fashion retailer Inditex that has been sourcing fashion garments from many parts of the world has pledged to support workers’ rights and...