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 : global
U.S. IMPORTS PERFORMING LIKE A YO-YO
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19...
SOURCING AT MAGIC GOES ONLINE
SOURCING at MAGIC and FOOTWEAR SOURCING, the largest fashion sourcing and supply chain events serving the fashion apparel, footwear, and accessory markets, will launch an...
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,...
WHAT WILL BE THE FUTURE OF FASHION?
A POLL BY PERFECT SOURCING TEAM PERFECT SOURCING CONDUCTED A POLL on how the fashion industry will change in the times to come. The survey...
Nike revenues drop by 38%.
Nike saw fourth-quarter revenue drop 38 percent year-over-year to $6.31 billion alongside a net loss of $790 million as the athletic apparel and footwear giant’s...
Sustainable Textiles with a Pinch of Social Service-Avni
Rashmi Bharti, who studied mathematics in Delhi along with her husband, a technician, decided to change their lives completely. Nestled in the Kumaon region of...
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...
H&M Looks at Online Growth in 2020
The H&M group’s net sales increased by 8 percent to SEK 54,948 m (51,015) in the first quarter. In local currencies, net sales increased by...
BIG RESPITE FOR EXPORTERS AS GOVT REMOVES BAN ON PPE EXPORTS
The government on Monday allowed export of personal protective equipment (PPE) medical coveralls for coronavirus with a cap of 50 lakh per month. The exports...