APPAREL SALES HIT IN NOVEMBER
Second lockdown impacts sales The latest figures from The Office for National Statistics found retail sales volumes fell 3.8 per cent in November compared to...
Tag : covid19
Huge potential for Made in India apparels in Spain: Indian diplomat
B2B meeting held between Indian apparel exporters and buyers in Spain Indian apparel manufacturers can significantly increase their exports to Spain considering the recent transformations...
MOTHERCARE SEEING LOSSES
Mothercare has reported a loss in its financial year to date, as store closures affected its trading amid the Covid-19 pandemic. In the first 28...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
Lululemon See Rise in Sale
Sees Good Demand for Workout Apparels, Women’s wear Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts’ estimates as...
Americans Squeeze Shopping Budget for Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according...
TESCO TO SELL ITS THAILAND AND MALAYSIAN BUSINESS
Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited...
EUROFINS EXPANDS SERVICES WITH NEW ACCREDITATIONS IN INDIA
Eurofins Product Testing India Pvt Ltd (Tirupur Lab) has been accredited by the Bureau of Indian Standards (BIS) for Personal Protective Equipment (PPE), thereby contributing...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
KOHL’S REPORTS JOB LOSSES
Kohl’s Corp. (KSS) disclosed in a regulatory filing that it reduced corporate jobs by about 15%, as it looks to save cash due to the...