Resale market to see increased sale
The spread of the coronavirus has presented the vast majority of the fashion industry with uncertainty, as retailers had to close shop, fashion events were...
Tag : lockdown
India’s textiles and apparel exports declined by 73% in April
India’s textiles and apparel exports declined by a staggering 73 per cent in April and May, due to closure of factories and problems in shipment...
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...
WHY PRIMARK DOES NOT WANT TO GO ONLINE UNLIKE COMPETITORS??
At Primark, a Dublin-based clothing retailer, giant lines formed to enter its stores after the lockdown got over. Many shoppers were eager to buy its...
Victoria’s Secret UK Files for Bankruptcy leaving more than 800 jobs at risk.
The lingerie retailer, which has 25 stores across the UK, has hired administrators from Deloitte after being impacted by the coronavirus lockdown. The insolvency firm...
Workforce as asset for UP-CM
Uttar Pradesh is planning to replicate the success of Vietnam and Bangladesh in becoming a major textile manufacturing and exporting hubs as the influx of...
FDCI to host Virtual Fashion Week
The Fashion Design Council of India (FDCI) took to Instagram to post a teaser that says “FDCI goes digital India’s First Ever Digital Fashion Week”....
Shahi exports ensuring wellbeing of its 120,000+ employees
The biggest export house of the country has endorsed Call to Action on “COVID-19: Action in the Global Garment Industry” which aims to generate actions...
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%...
Telengana textile sector badly hit due to Covid 19
The Telangana State Federation of Textile Associations said that about five lakh people have been impacted in the State due to the lockdown. These include...