AMAZON ANNOUNCES TO HIRE 33,000 PEOPLE
Amazon has opened 33,000 salaried job openings across its business, from cloud computing engineers to managers in its warehouses, the strongest sign yet that the...
Tag : retailers
AMERICAN EAGLE ANNOUNCES CLOSURE OF 50 STORES Company Reports Losses in Second-Quarter
American Eagle Outfitters Inc. reported smaller-than-expected second-quarter losses and sales that beat expectations, boosted by intimates brand Aerie. On the company’s earnings call with analysts,...
M&S Launches Face Coverings with Antimicrobial Properties
M&S announced the launch of M&S Antimicrobial Face Coverings. All profits from the sale of these coverings will be donated to its charity partner Goonj...
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...
BACK TO SCHOOL SALES MAY NOT BE STRONG
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. shopping revenue and sales and...
Under Armour expects sales to fall 20% to 25% in second half of 2020 due to Covid-19
Despite better-than-expected financial results in the second quarter, Under Armour provided analysts with a cautious outlook due to the Covid-19 pandemic, causing shares to decline...
“CAUTIOUS MANUFACTURING & TECHNOLOGICAL UPGRADATION TO BE THE WINNING MANTRAS,” Virender Sharma, GM Sourcing & Quality, KAS ASIA
PS: We would like to know how KAS Asia is managing this phase of uncertainty? Virender: Australia has done a tremendous job in managing the...
U.S. IMPORTS PERFORMING LIKE A YO-YO
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19...
Gap and Levi’s To pay dues to garment vendors
After facing a backlash on social media for not paying dues several retailers have announced that they will be making payments to suppliers as quicks...
THE TOP 10 EMERGING TRENDS
WHAT WILL BE THE NEW NORMAL FOR APPAREL INDUSTRY ? The average market capitalisation of apparel, fashion and luxury players dropped almost 40% between the...