SECOND LOCKDOWN DENTS PRIMARK WITH LOSSES OF £430 MN
PRIMARK has informed that the second lockdown has brought about £430 million losses for the retailer Associated British Foods (AB Foods) said this figure was...
Tag : trade
ONLINE IS NOT PERMANENT SAYS PRIMARK’S CHIEF
Primark’s chief executive Paul Marchant has slammed claims that COVID-19 has brought about a permanent shift to online shopping, Marchant took aim at pundits who...
Puma Private Equity invests £3.5 million in menswear retailer Ron Dorff
Puma’s private equity division Puma Private Equity has invested £3.5 million in menswear retailer Ron Dorff in an effort to support its growth strategy. Puma...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
DISPOSAL OF FLUSHABLE WIPE VIA NEW TECHNOLOGY
Flushable wipe is a whole new concept yet to hit the Indian market. With the importance of hygiene-related products under focus post-Covid, the usage of...
TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
TEA to train workers for garment export units
Tiruppur Exporters Association (TEA) will train 16,508 persons under the Scheme for Capacity Building in Textile Sector for employment in the garment export units. According...
Americans Squeeze Shopping Budget for Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according...
TESCO TO SELL ITS THAILAND AND MALAYSIAN BUSINESS
Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited...