Units Close In Bangaldesh Due to Covid 19 Crisis
At least 24 apparel manufacturing factories have been forced to shut down in Bangladesh for losses since the implementation of new pay structure for workers...
Tag : coronavirus
END OF AN ERA AS JCP FILES FOR BANKRUPTCY
J.C. Penney recently filed Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. With 846 stores and 85,000 employees, J.C. Penney...
Rs 3 lakh crore MSME scheme Deciphered
Eligibility, procedure, rates and other questions answered Under this scheme, MSMEs borrowers with upto Rs 25 crores of total borrowing can avail an additional 20...
Manufacturing may move closer to consumers
The impact Coronavirus seems to be so deep that the effect of the same will be reflected in trade for many years. While for many...
FASHION & LUXURY WILL TAKE TIME TO REVIVE
McKinsey recently launched a report that highlights how will be the future of fashion industry. It has developed four scenarios, which depend on the interaction...
Fashion weeks will now be a past???
Fashion week is over, according to Gucci. In a virtual press conference broadcast from his Rome studio, the label’s creative director, Alessandro Michele, announced that...
H&M sales Drop in Key Markets
H&M issued a coronavirus trading update on and it showed how the pandemic has devastated the company’s business since the middle of March. Around 80%...
The government Asks (MSMEs) to produce medical devices
The government has asked micro, small and medium enterprises (MSMEs) to produce medical devices, especially COVID-19 related items for exports as there is a readymade...
Scientists in Bengaluru have developed a textile coating that can stop the novel coronavirus
Scientists in Bengaluru have developed a textile coating that can stop the novel coronavirus from adhering to cloth, protective gear, gowns and other surfaces. The...
Macy’s to reopen stores soon
Macy’s, one of the biggest department Chains in the United States aims to reopen all of its 775 stores, including Bloomingdale’s, Bluemercury and its major...