Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Category : Trade
Garment Show of India Joins Hand with Sourcing Consultants Association (BAA)
The 6th edition of Garment Show of India is poised for a bigger show, massive participation from leading readymade garment manufacturing companies from all over...
PDS Limited Signs Agreement with Forever 21
PDS Limited a design-led sourcing, manufacturing and supply chain platform catering to leading brands and retailers subsidiary, Poetic Brands, has entered into a license agreement...
RBI Hikes Repo Rate..Is Textiles & Apparels Industry ready for another jerk?
The 40 basis points increase in repo rate announced by the Reserve Bank of India (RBI) this week will lead to costlier loan, and add...
Surat Textile Industry Facing Tough Times
The steep rise in costs of raw materials and the shortage of chemical agents, has forced processing houses to run fewer shifts. Weaving and processing...
H&M to Close Few Stores
H&M has announced that it will close 240 stores globally in the year ahead. However, it will also open 95 new stores, so the net...
Levis Strauss Profit Soars
The ongoing consumer demand led to Levi Strauss reaffirmed expectations for fiscal 2022, with net revenue forecast to grow 11 to 13% as compared to...
S Kumars (SKNL) Caught in Legal Trouble
The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth...
Apparel Retail Sales in the US sees Good Jump
A report released by Wazir Advisors indicate that in the month of March 2022 the apparel store sales in the US reached US$ 17 billion...
61 PLI scheme applications Approved
On April 14, the Government announced that it has approved 61 applications for its production linked incentive scheme for textiles which has an investment potential...