AEPC Chairman hails RBI’s decision to prop up industry
Welcoming the RBI’s bi-monthly monetary policy review, Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel said that the pro industry measures will facilitate the...
Tag : trade
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...
Gap and Walmart announced a strategic partnership to introduce Gap Home
Gap and Walmart announced a strategic partnership to introduce Gap Home, a new brand of home essentials available exclusively at Walmart. With this launch, two...
GAP REPORTED ITS Q1 2021 Results
A portfolio of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., reported first...
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...
ADDIDAS COLLABORATES WITH MARIMEKKO
Marimekko and adidas are happy to announce a debut collection marking the first-ever sports apparel collaboration. The limited-edition collection will be available in Mainland China,...
NEW PAYMENT TERMS FOR GARMENT EXPORT
The Covid 19 has changed the dynamics of apparel industry forever. While for many years the garment exports business was either working on LC’s and...
100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
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...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....