ADIDAS NEARLY DOUBLES E-COM SALES IN CHALLENGING SECOND QUARTER
Global coronavirus pandemic causes closure of over 70% of Adidas’ stores at high point “The past quarter brought unprecedented challenges for Adidas business as large...
Tag : business
AEPC greets loan restructuring but awaits rollout of revised ECLGS
Welcoming the RBI’s decision to extend the provision of restructuring of MSME loans, Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel requested the government...
“CAUTIOUS MANUFACTURING & TECHNOLOGICAL UPGRADATION TO BE THE WINNING MANTRAS,” Virender Sharma, GM Sourcing & Quality, KAS ASIA
PS: We would like to know how KAS Asia is managing this phase of uncertainty? Virender: Australia has done a tremendous job in managing the...
“SPEED & INNOVATION TO DRIVE BUSINESS IN THE FUTURE,”Devender Gupta, Founding Partner, Asmara India
PS: What are the most prominent changes you have observed ever since Covid has hit? Devender: The biggest change that has happened to business due...
Cold water creek to shut down after three decades
Women’s specialty apparel chain Coldwater Creek has called it quits after more than three decades. The seller of classic women’s apparel, footwear and accessories last...
INCREASE IN COVID 19 CASES IMPACTS PRODUCTION IN SURAT
The recent spike in Covid-19 cases has halted the revival in Surat’s synthetic textiles hub. With roughly 215 fresh daily cases and the tally at...
Messe Frankfurt celebrates its 780th anniversary
On 11 July 1240, Emperor Frederick II granted trade fair rights to Frankfurt am Main, marking the birth of Messe Frankfurt. Now, 780 years later,...
Arvind Fashion to Raise Capital
Arvind Fashions has seen its apparel brand sales drop during the lockdown and struggling to meet the operational costs, including payment of salaries to staff....
Inditex 1Q20 sales drop limited to 44% despite up to 88% of stores closed
Online sales up 50% in 1Q20 and up 95% in April alone Group’s Executive Chairman Pablo Isla has unveiled the Group’s plan for 2020-2022, providing...
PVH Corp. Reports 2020 First Quarter Results
Sees Increased Losses due to Covid 18 The PVH group Ended the first quarter with $1.8 billion of liquidity, consisting of approximately $800 million of...