Raymond Ltd Sees Decline in Q4 Results
Raymond Ltd witnessed a 15% decline in consolidated net profit at Rs 58 crore ($7.9 million) for the fourth quarter ended March 2021, as against...
Tag : losses
PRIMARK HINTS AT BIG LOSSES DUE TO EXTENDED LOCKDOWN
LOSSES TO REACH £1.05 BILLION Primark parent company AB Foods has warned of a hit from lost retail sales of more than £1 billion if...
NOIDA: Loss of More than 1,00,000 Jobs & Business Worth Rs 4000 cr
Noida which has approximately 1000 units making world class garments for international markets is severely affected. Known for its cheap labour and rates and land...
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...
John Lewis posts losses
In the first six months of this year, the John Lewis Partnership made a loss 55 million pounds, while sales were up marginally by 1%....
HAS THE RETAIL APOCALYPSE JUST STARTED?
The effect of Covid pandemic is showing real effect. After the trail of bankruptcies and closures, now job losses have begun at some of the...
Bangladesh’s readymade garment (RMG) Affected Badly Due to Covid
The COVID-19 pandemic has exposed Bangladesh’s readymade garment (RMG) sector’s sensitivities by destabilising global supply chains and leading to a decline in demand. Orders received...
The Lenzing Group Announces Q1 Results
The Lenzing Group, producer of specialty fibres, has announced its first half (H1) results for fiscal year 2020. Revenue during H1 FY20 ended on June...
Debenhams Says it will cut 2,500 more jobs
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. This is on top of...
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...