FORMAL WEAR SALES DOWN POST PANDEMIC
M&S & OTHER BRANDS PULLS SUITS FROM STORES With more work calls and team meetings now taking place from the comfort of home due to...
Tag : pandemic
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...
MARKS & SPENCER ANNOUNCES NEW BRANDS
To transform the business post pandemic Marks & Spencer is set to announce six guest brands in clothing and footwear....
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...
INNERWEAR COMPANIES CLOCK GROWTH AMIDST PANDEMIC
While things may be going for a toss for almost all apparel and textile related segments; there is one sector which has defied the tough...
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
Editor’s End of year letter – Perfect Sourcing
NEW YEAR NEW HOPES… WILL 2021 WASH AWAY THE SCARS????? The year finally comes to an end, a year that was one of the worst...
MANISH ARORA STOPS OPERATIONS
Famous fashion designer Manish Arora’s namesake fashion brand has reportedly been knocked down by bad business deals, unpaid wages, lawsuits and vendor disputes that began...
Impact on Retail Sales of EU Lockdown just before the biggest shopping season of the year i.e. Christmas
Lockdown just before the biggest shopping season of the year i.e Christmas will be a huge blow especially to clothing retailers who wait for the...
Exclusive Conversation with Olaf Schmidt, V.P Textiles & Textile Technologies, Messe Frankfurt
Messe Frankfurt has come up with a big announcement of conducting two major textile related international trade fairs at the same timing. International suppliers of...