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Ralph Lauren reports net loss of $128 mn
Ralph Lauren posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year.
Gap Inc, Arvind unveil new water treatment facility
Global apparel retailer Gap Inc and global textile manufacturer Arvind have unveiled a new water treatment facility that will eliminate use of freshwater at Arvind’s denim manufacturing facility in Ahmedabad.
Forever 21 files for bankruptcy
Forever 21 Inc and its US subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.
Boohoo acquires women’s fashion brand
Leading online fashion retailer, Boohoo group plc has completed the acquisition of the brand and intellectual property assets of women’s pureplay fashion brand MissPap.
CMAI hails clarification to e-commerce policy
The Clothing Manufacturers Association of India (CMA) has thanked the Government, especially PMO, Commerce and Textiles Ministry for implementing this much-awaited Policy, which will bring level players for all domestic retailers.
Yoga fashion demand soars at Amazon
E-commerce retailer Amazon India has witnessed increase in demand for yoga fashion merchandise from across the country. Around 40 per cent demand for yoga products is from urban cities like Mumbai, Delhi, Bengaluru and Hyderabad.
Myanmar makes rapid strides in RMG
Myanmar has made rapid strides and has emerged as the country with the most potential to emerge as a formidable player among garment-producing nations, says a study.
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