JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
Tag : apparels
WELSPUN TO BECOME CARBON NEUTRAL BY 2030
Welspun’s efforts to de-carbonize with proactive ESG practices is in line with its goal of becoming “carbon neutral” and “water positive” by 2030....
John Lewis shuts down 8 more stores
The John Lewis Partnership has announced plans to not reopen eight John Lewis stores when lockdown on non-essential retail is lifted from next month. The...
H&M Faces Backlash in Vietnam
H&M’s attempt to mend fences in China after angering consumers there with its stance against forced labour appears to have triggered another boycott next door...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....
JOB LOSSES FEAR IN BANGALORE’s GARMENT SECTOR
With a seeming second wave of the novel coronavirus in India, fears of job and income loss has struck again among Karnataka’s garment workers—most of...
GOVT HIGHLIGHTS MEASURES FOR REVIVAL OF TEXTILES INDUSTRY
In order to make the textile sector competitive by rebating all taxes/levies in international market, the Government has decided to continue the RoSCTL (Rebate of...
Pak Appeals for Lifting Ban on Imports From India
Pakistan’s textile ministry headed by Prime Minister Imran Khan has recommended the lifting of a ban on the import of cotton from India to bridge...
Uniqlo appoints green Doraemon as Global Sustainability Ambassador
Global apparel retailer Uniqlo announced that it has appointed Doraemon as its Global Sustainability Ambassador. The name of the green model of the internationally beloved...
Vietnam Topping Charts in Garment Exports, Bangladesh Slides Down
Bangladesh’s attractiveness as an apparel-sourcing destination remains potent, yet the country has faced increasing competition in recent years that could compound the challenges of the...