Inflation Fails to Dampen Sales of Inditex
Zara’s owner Inditex first-half sales and profits hit historic highs, both surging 24.5%. With group sales up to 11% in constant currency from August to...
Category : Trade
India-UK FTA to be Finalized by Diwali
The global apparel market which was just under 1.5trillion USD in 2013 is expected to generate revenues to the tune of 1.8trillion USD in 2022...
Lululemon In Profits
Lululemon Athletica predicts a strong demand for athleisure and said the impact from Covid-19-related lockdowns in China was modest and more than offset by strength...
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...
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...