2020: A TOTAL WASHOUT FOR TEXTILES
Textiles and apparel units are reopening slowly in areas where they have received permissions, but the situation is not very encouraging. Companies like Century Textiles,...
Category : Retail
1 crore job cuts likely in textile industry without govt support:CMAI
With around 80 per cent of the garment industry mostly micro, small and medium enterprises, CMAI, which has around 3,700 members employing over 7 lakh...
Primark comes to rescue exporters Amid Covid 19
The U.K. retailer, Primark owned by Associated British Foods Plc, said it would cover the wage component of clothing orders that were scheduled for shipment within...
Covid 19 depleting apparel industry Can cause Losses worth USD2 billion in India’s apparel industry
The news about impact of Covid 19 just seems to not stop. The latest figures being shared by Aepc and several other members of export...
NITMA requests for Six Month’s Moratorium on payment of Interest rates & Installments of Loans taken by Textile Mills
As an urgent interim relief to overcome the current financial stress due to Corona virus Crisis (Covid – 19), resulting in demand slump and uncertain...
What lies ahead for global apparel trade??
An in-depth analysis The pandemic coronavirus is giving rise to an economic slowdown along with immense human grief. The global outbreak has affected many businesses...
BUYERS CANCELLING ORDERS EXPOSES INDUSTRY TO HUGE RISK
When the world is going through one of the darkest phases in human history life is not easy for anyone. Exporters who have tirelessly created...
Loss Of USD 30 Bn to Indian Retail in 15 days- CAIT
The Confederation of All India Traders informed that the losses incurred by the retail trade of the country in the last 15 days due to ...
H&M Comes out in Support of Its Vendors.. But how many more will join them?
Swedish retail giant H&M assured its garment suppliers of taking shipment of goods that have already been manufactured,. H&M came up with the message at...
Amazon Closes U.S. Apparel Returns Warehouse Amid Worker Alarm
Amazon has extended the shuttering of a warehouse dedicated to returning apparel after three workers tested positive for Covid-19, the first known instance of the...