Boohoo Cancels Orders as cost-of-living hits demand
Boohoo has been cancelling and deferring orders from suppliers as demand for clothing wanes amid the cost-of-living crisis. A Boohoo spokesman said “As is the...
Tag : business
Xmas Buying Starts Early
Holiday creep is real. Halloween costumes fill store shelves in August, pumpkin-flavored everything is on the menu by Labour Day, and Christmas gifts and decor...
Ministry of Textiles Invites Suggestions to Replace ATUFS
The Ministry of Textiles has invited suggestions to replace the Amended Technology Upgradation Fund Scheme (ATUFS) with a scheme having a system like the Production-Linked...
Free trade agreements (FTAs) with the developed world an important agenda of Modi government: Textile Minister
Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal said that Textile Industry has a big role...
Indian Apparel Manufacturing Industry on an Expansion Spree
Garment Exporters to Expand Capacities Ranchi Becoming the Hotspot While garment production experienced a slow phase during the Covid things are getting back...
Fear of Recession in the US
Buyers Get Cautious; Affects Pace of Orders The news about America going in recession has come as a bouncer for all apparel exporters in India...
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...
6th Edition of GSI Closes on Highly Positive Note
Retailers, Retail Chains, Brands Visit Show from all Over India BUSINESS WORTH Rs 800 cr TO BE CREATED Around 12000 buyers visited the show The...
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...
Inditex’s Q1 net profit soared 80% to €760 million
The fast fashion retailer is seeing good growth as its sales beat pre-pandemic levels, hitting €6.7 billion for a rise of 36% year-on-year. The group...