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...
Tag : loss
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%...
M&S TO CLOSE STORES AS LOSSES WIDENS
M&S posts £201mn loss after lockdowns affect store sales. Marks & Spencer has announced plans to reduce its store estate after it plunged to a...
PICANOL GROUP: 2020 RESULTS IN LINE WITH EXPECTATIONS
Within the Machines & Technologies segment, in September 2020, Picanol launched the new TerryPlus-i, which is the most efficient and versatile airjet weaving machine for...
GARMENT ACCESSORIES TO GET COSTLIER…
The Tirupur Exporters' Association (TEA) requested Union Finance Minister Nirmala Sitharaman to reconsider the amendment making it mandatory for units importing accessories to execute a...
H&M profits Decrease by 88.2% to £174.4m in the year to November 30, 2020
H&M said its financial position “remains strong” despite the losses The fashion retailer saw profit collapse by 88.2 per cent during the year to November...