INDITEX’S REVENUE, PROFIT AND CASH GENERATION ALL TIME HIGH
The world’s biggest clothing retailer Inditex has confirmed its recovery from the pandemic by delivering higher sales, profits and cash generation than it recorded prior...
Tag : profit
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...
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...
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...
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%...
Fast Retailing cuts its annual profit forecast
Uniqlo owner Fast Retailing has lowered its annual profit forecast as a result of additional Covid-19 related government restrictions in Japan and overseas denting footfall....
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...
Arvind posts net profit of Rs 53.34 crore for March quarter
Leading textile manufacturer Arvind Ltd reported a consolidated net profit of Rs 53.34 crore for the fourth quarter ended March 2021. The company had posted...
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...
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...