Consumer Spending Via Online Channels up by 3.7%
UK shoppers spent £24.4bn online over the Christmas period, up 3.7% year-on-year, as deep discounting and BNPL drove sales. Online prices were discounted in the...
Category : Trade
Retailers have disappointing Christmas after ‘sluggish’ year
Low consumer confidence resulted in lower spending during Xmas as total UK retail sales nudged up just 1.7% in December compared to nearly 7% the...
GHCL to Invest Rs 535 cr in Tamil Nadu
GHCL Textiles Ltdhas signed a memorandum of understanding with the Government of Tamil Nadu for an investment of Rs 535 crore, at the Global Investors...
Next Sees Rise in Q3 Sales
The fashion retailer Next has added £10m to its profit forecast, which now stands at £885m for the year, as it revealed sales had rose...
Fair Trade India Honours Indian Terrain With Two Prestigious Awards
Indian Terrain, a men’s high-street fashion brand, today marked a significant milestone by securing two prestigious awards from Fair Trade India. In a momentous ceremony...
Home textile Industry to Revive as Demand Picks Up
With the onset of festivals, home textile industry is expected to come back to its growth path. The US remains the largest market for Indian...
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
Ikea to Expand Sourcing from India?
IKEA is now in the process of putting together a plan outlining a second phase of investments in India. While how much investment will be...
China Sees Slowdown in Exports
Between January and May 2023, China’s overall exports of textiles, clothing and accessories totalled $118.202 billion. This marked a decline of 5.26% per cent compared...
Asos Sees Profits
Asos has hailed a return to profitability as its turnaround strategy delivers, despite posting a 14% drop in revenue. The online fashion giant said adjusted...