Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
Tag : trade
PDS Limited Signs Agreement with Forever 21
PDS Limited a design-led sourcing, manufacturing and supply chain platform catering to leading brands and retailers subsidiary, Poetic Brands, has entered into a license agreement...
V2 to Expand Stores in Tier 2 and Tier 3 Cities
With increase in India’s per capita income and demand for quality products Tier ll and Tier lll are becoming the potential markets for retail chains...
Inflation Affects Profits of Abercrombie & Fitch Co
Abercrombie & Fitch Co recently announced its annual forecasts for sales and margins and posted a surprise quarterly loss due to a surge in freight...
India’s textiles exports highest-ever in FY22 at $44.4 billion : Government
India’s textile and apparel exports hit a new high of USD 44.4 billion in the fiscal year 2021-22, according to the government. The total exports...
RBI Hikes Repo Rate..Is Textiles & Apparels Industry ready for another jerk?
The 40 basis points increase in repo rate announced by the Reserve Bank of India (RBI) this week will lead to costlier loan, and add...
Levis Strauss Profit Soars
The ongoing consumer demand led to Levi Strauss reaffirmed expectations for fiscal 2022, with net revenue forecast to grow 11 to 13% as compared to...
India’s Share in Apparel Exports to the US Improves, China’s Decline
In Feb 2022, US apparel imports stood at US$ 7.5 billion which is 39% higher than in Feb 2021. On YTD basis, the imports are...
Pratibha Syntex Ltd Receives Another Accolade
Pratibha Syntex Ltd (PSL), that has been focusing on sustainable textile manufacturing for many years is yet again felicitated for its services and initiatives. The...
Tirupur Speeds Up as Orders Galore
Tiruppur has clocked exports worth Rs 33,525 crore in the 2021-2022 fiscal accounting for 54.2 per cent of the country’s total exports in the sector,...