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...
Category : Retail
Chico’s Canada-based business has gone bankrupt.
Chico’s FAS Canada Co., filed for bankruptcy with the Office of the Superintendent in Bankruptcy in Ontario. The proceedings will be conducted through the District...
Cold water creek to shut down after three decades
Women’s specialty apparel chain Coldwater Creek has called it quits after more than three decades. The seller of classic women’s apparel, footwear and accessories last...
U.S. IMPORTS PERFORMING LIKE A YO-YO
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19...
Gap and Levi’s To pay dues to garment vendors
After facing a backlash on social media for not paying dues several retailers have announced that they will be making payments to suppliers as quicks...
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,...
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,...
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....