Gurgaon Operating at Just 40% Production Capacity
Gurgaon which is usually crowded with workers, labours, cars and people has suddenly lost its charm. The cluster that houses more than 3000 garment units...
Tag : loss
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...
DIGITAL SALES SURGE AT INDITEX
Inditex had good news on returning to profitability as it recovered from the major hit it took at the height of the pandemic-linked lockdowns. It...
1 crore job cuts likely in textile industry without govt support:CMAI
With around 80 per cent of the garment industry mostly micro, small and medium enterprises, CMAI, which has around 3,700 members employing over 7 lakh...
Indian fashion brands Target e-commerce Amidst Lockdown
As the lockdown continues across the country with very low buyer sentiment for garments, Indian fashion brands are focusing on e-commerce. Fashion shows have been...
Surat Sees Severe Recession due to GST, Chinese Imports
Surat, the largest hub for both textiles and diamonds in India, is facing severe recession, as the demand has plummeted. China continues to be a...
Ted Baker warns on full-year Profit
Ted Baker Plc warned yet again that its full-year profit would be hurt, as warmer weather in September, sharp discounting across the industry and tepid...
Bhiwandi on the Verge of Extinction
Bhiwandi, once known as the ‘Manchester of India’, is on the verge of losing its identity due to the global slowdown. Bhiwandi, once known as...