VF Corp Sales Affected Due to Slowdown
High borrowing costs and still-high inflation have forced shoppers to move away from pricier products and spend their dollars mainly on essentials. With demand for...
Tag : loss
Next Sees Rise in Q3 Sales
The fashion retailer Next has added £10m to its profit forecast, which now stands at £885m for the year, as it revealed sales had rose...
Home textile Industry to Revive as Demand Picks Up
With the onset of festivals, home textile industry is expected to come back to its growth path. The US remains the largest market for Indian...
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
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 Affects Profits of Abercrombie & Fitch Co
Abercrombie & Fitch Co recently announced its annual forecasts for sales and margins and posted a surprise quarterly loss due to a surge in freight...
Indian Textile Firm Arvind’s Q2 Sales Expand 62% As Demand Grows
Arvind Limited, one of largest textile companies in India also engaged in apparel retailing, has reported a 62% jump in revenues to Rs. 2,115 crore...
The UK’s consumer prices index surged by 3.2% in the 12 months to August
The UK inflation rate has hit 3.2 per cent in August, from 2 per cent in July, the biggest increase since records began in 1997,...
Frasers Group may take a hit in excess of £100 million due to the Covid-19 lockdown
Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 lockdown on non-essential retailers lasting until April...
ADIDAS RAISES FULL-YEAR FORECAST, SEES 55% GROWTH
Germany-based sports brand Adidas has recorded positive second-quarter results driven by increase in all its market segments except Greater China. The company reported a 55%...