BRACE FOR HIGHER PRICES OR EMPTY SHELVES IN XMAS EXPECTS RETAILERS
Rising prices of shipping containers is going to impact the prices of goods. Retailers have also warned of further disruption and delays for goods this...
Category : Trade
Asics’s income increased “significantly” to €70.5m
Asics has reported a consolidated net revenue increase of 44% cent year-on-year across all distribution channels for the year-to-date period ending June. The sportswear brand...
35% Factories in Vietnam Closed
Around 30-35% of textile and garment factories in Vietnam have closed due to the COVID-19 pandemic, according to the Vietnam Textile and Apparel Association (VITAS)....
Frasers Group may take a hit in excess of £100 million due to the Covid-19 lockdown
Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 lockdown on non-essential retailers lasting until April...
ADIDAS RAISES FULL-YEAR FORECAST, SEES 55% GROWTH
Germany-based sports brand Adidas has recorded positive second-quarter results driven by increase in all its market segments except Greater China. The company reported a 55%...
Centre Takes Series of Measures for Technology Upgradation and Modernisation in Textile Industry
With a view to catalyse technology up-gradation and modernisation in textile industry in the country to make it globally competitive, Ministry of Textiles is implementing...
UK SEES DECLINE IN ONLINE SALES
Online retail sales fell at their highest rate in history last month despite overall spending remaining high amid fears the online boom could be coming...
Removal of import duty on cotton Demands Exporters
The Cotton Textiles Export Promotion Council (Texprocil) has appealed to the Union Textile Minister Piyush Goyal to remove the Customs Duty on cotton as it...
RoSCTL Scheme on apparels and made-ups Extended till 31 March
Rebate of State and Central Taxes and Levies on apparels and made-ups has been extended till 31 March The scheme is aimed at generating lakhs...
GHCL’s demerger gets a nod from Shareholders and Creditors
GHCL, India’s leading Chemical & Textile Company, announced that the secured creditors have approved the scheme of demerger of GHCL’s Inorganic Chemicals and Textile businesses....