Page Industries posts Q1 net profit of Rs 11 crore
Apparel manufacturer Page Industries Ltd (PIL) reported a net profit of Rs 11 crore ($1.4 million) for the first quarter ended June 2021, as against...
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GOVERNMENT CONSTITUTES A COMMITTEE FOR DOUBLING THE PRODUCTION OF HANDLOOMS
The Government has constituted a Committee headed by Sh. Sunil Sethi, Chairman, Fashion Design Council of India (FDCI) New Delhi, , in pursuance of the...
India’s GDP growth accelerates to record 20.1% in Q1
The jump in GDP numbers is mainly due to a weak base last year and also a rebound in consumer spending during the quarter India’s...
DONEAR GROUP ACQUIRES MAYUR BRAND
DONEAR Group has announced the acquisition of MAYUR Fabrics and PV Suiting Global distribution network from RSWM. This move will solidify DONEAR Group’s comprehensive product...
AMERICAN EAGLE ACQUIRES LOGISTICS COMPANY AIRTERRA
American Eagle Outfitters recently acquired logistics startup AirTerra, a startup cofounded by a former e-commerce logistics authority at Walmart and Nordstrom. AirTerra combines packages from...
Sales bounce back at Macy’s & Kohl’s
Macy’s and Kohl’s raised their projections for 2021 after easily beating expectations in the just-ended second quarter. Macy’s expects sales for the year of between...
Government Notifies Continuation of Scheme for Rebate of State and Central Taxes
The Government has issued Notification regarding continuation of Scheme for Rebate of State and Central Taxes and levies (RoSCTL) on export of garments and made-ups...
Nike named world’s most valuable apparel brand
Nike takes top spot in list of world’s most valuable apparel brandsfor the seventh consecutive year in a list of the world’s most valuable apparel...
Levi’s teams with tennis star Naomi Osaka
Levi’s recently collaborated with world number 2 tennis player Naomi Osaka, who is known as a fashion icon as well as a champion committed to...
AMAZON TO OPEN PHYSICAL STORES
Amazon is reportedly planning to open a number of physical department stores across California and Ohio The retail giant’s latest foray into physical retail will...