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...
Tag : clothing
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...
PVH, Calvin Klein Sees Strong Top-line Growth
PVH Corp. informed that company’s revenues and earnings surpassed expectations for the first quarter, prompting the owner of Calvin Klein and Tommy Hilfiger to reaffirm...
The Connect Between Artificial Intelligence and Sustainable Fashion
Decarbonisation efforts, resale retail and the rise of the circular economy, packaging initiatives, sustainable fashion and materials, rent on runway, second hand clothing, solar panels...
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...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
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...
Wear Well India Pvt Ltd Opens New Factory in Noida
Wear Well an export house that manufactures 80% woven and 20% knit fabrics and specialize in women’s and children’s wear has opened a new factory...
Mango Spends Huge Money to Expand in the US
Mango recently opened a grand store in the US with an investment of around 12 million euros. The new store located in a coveted location...
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...