John Lewis Partnership Misses Profit Targets After Disappointing Christmas
John Lewis Partnership has fallen short of its profit targets for the crucial golden quarter, with both John Lewis and Waitrose missing their sales expectations....
Category : Trade
LVMH Reports Decline in Revenue and Profit for Fiscal Year 2024
French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) has faced the impact of challenging market conditions in fiscal year 2024. On Tuesday evening, the group...
Impact of the 45-Day MSME Payment Rule on Surat’s Textile Industry
The implementation of the 45-day MSME payment rule is proving to be a double-edged sword for Surat’s textile mills. While designed to ensure timely payments,...
Revival of Garment Production in Tirupur Boosts Yarn Demand Amid Changing Buyer Preferences
In recent months, increased international demand has revived garment production in Tirupur, driving up yarn demand from textile mills. Retail buyers from Bangladesh are exploring...
Asda Launches Cost-Cutting Measures Following Disappointing Christmas
Asda has initiated cost-cutting measures after a challenging Christmas season, marked by a 5.8% decline in sales during the 12 weeks to December 29, 2024—the...
One Industry, One Voice: Garment Trade Associations Rally Against Proposed GST Rate Revisions
In a groundbreaking move to safeguard the domestic garment sector, the Clothing Manufacturers Association of India (CMAI) united with 14 prominent Garment Trade Associations from...
Can India Surpass Bangladesh in Apparel Exports?
India and Bangladesh are two major players in the global apparel export industry. While India has a long history of textile production, Bangladesh has emerged...
Decathlon Enters Into Quick Commerce with Zepto
Decathlon, the global sportswear and sports equipment retailer, has joined forces with quick commerce platform Zepto to offer faster delivery of its products to shoppers...
Grasim Achieves Record Annual Revenue of ₹1.31 Lakh Crore in FY 2023-24, Surpasses $15 Billion
Birla Pivot, the B2B e-commerce platform for building materials, has surpassed the ₹1,000 crore revenue milestone in its first year of operations. The business has...
Peacocks, Bonmarché and Edinburgh Woollen Mill bounce back into profit
Bonmarché, Peacocks and Edinburgh Woollen Mill (EWM) are set to open 100 new stores across the UK over the next 18 months Peacocks, Bonmarché and...