Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...
Tag : apparels
Asahi Kasei renews membership in Business Call to Action led by United Nations Development Programme
Asahi Kasei renewed its membership in the Business Call to Action (BCtA) led by the United Nations Development Programme (UNDP) in February 2021 with businesses in India for Bemberg™ regenerated cellulose fiber (cupro) and Microza™ polyvinylidene fluoride (PVDF) hollow-fiber...
NEW PAYMENT TERMS FOR GARMENT EXPORT
The Covid 19 has changed the dynamics of apparel industry forever. While for many years the garment exports business was either working on LC’s and...
100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
APPARELS MADE IN TELANGANA TO BE AVAILABLE FOR EXPORTS SOON
Made in Telangana apparel will be available for export across the globe within the next six months. Youngone, a Korean manufacturer of clothing, is setting...
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...
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....