Page 2 - Apparel Industry

Apparel companies likely to lag retail peers for the June quarter

Higher inventory may lead to discounting, dent profitability

Levi Strauss forecasts upbeat full year as apparel demand bounces back

(Reuters) -Levi Strauss & Co on Thursday forecast a strong full-year profit after handily beating quarterly earnings estimates as demand for its jeans, tops, and jackets rebound quicker than expected across its markets.

India's apparel industry expects robust external demand to drive growth

According to him, there is a pent-up demand for textiles and apparel, which was tepid a year ago owing to Covid-induced lockdowns

Big apparel brands still need millions of Bangladesh's factory workers

Bangladesh's garment-export economy is something of a modern miracle.

A case for India, Bangladesh weaving new ties in textile and apparel

India could become a big market for Bangladeshi suppliers if the central government pursues this as a priority but India also has a robust apparel sector of its own, which it cannot neglect

H&M appoints Yanira Ramirez as country sales manager for India

Swedish apparel retailer H&M on Tuesday announced the appointment of Yanira Ramirez as the new country sales manager for India. Previously global Sales Manager for & Other Stories, Ramirez joins the India team at a time when H&M India has 50 stores across 25 cities, a newly launched digital loyalty programme and a strong online presence on hm.com and Myntra, the company said in a statement. She will be based out of H&M India's head office in New Delhi, it added. A qualified lawyer, Ramirez had joined the H&M Group 18 years ago. Originally from Mexico, she started her journey with H&M in the UK as a sales adviser in the store and then moved on to become an Area Manager, post which she became Country HR for H&M UK & IE and then joined the Global Sales and Operations HR team in Sweden, the company said.

Budget 2021: Textile parks may attract big investments from players

Up to Rs 5,000 crore likely as big brands look to scale up manufacturing in the country

Aditya Birla Fashion buys 51% stake in luxury designer brand Sabyasachi

Founded by Sabyasachi Mukherjee, the "Sabyasachi" brand is India's largest and most influential luxury designer brand with strong Indian roots and global appeal

Transport costs up 12% due to farmers stir: Ficci's MSME confederation

It pegged the daily loss to the businesses at about Rs 3,000 crore, which would mount if the situation is not addressed

Bangladesh garment workers pray for orders as Covid pandemic shreds exports

In the financial year that ended in June, Bangladesh's garment exports totaled $27.94 billion (21.6 billion pounds), down 18% from the previous year

US watchdog probes Jockey's India partner over rights abuse allegations

Page has denied wrongdoing and called allegations of verbal abuse and workplace intimidation against employees 'outrageous'

Top headlines: Infosys Q2 profit soars 20.5% YoY, SC on loan moratorium

From InfosysQ2 net profit beating estimates, SC asking govt to prepare an action plan on compound interest waiver by Nov 2, Business Standard brings you top news of the evening

APEC expects 40% increase in apparel exports led by medical textiles

Council chief Welcomes Govt's readiness to sign limited deal with US, urges review of key trading pacts in order to remove disadvantages

Apparel retail sector may witness 45% fall in revenues this fiscal: Report

The apparel retail sector is likely to witness a 40-45 per cent decline in revenues during 2020-21, and a demand recovery is expected in the festive season this year if Covid-19-related fears subside

Appliances, apparel push US retail sales up 1.2%; but slowdown likely

Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April, when the pandemic shuttered businesses and paralysed the economy

Take measures to increase apparel exports two times, Gadkari tells AEPC

Wants textile industry to explore use of new materials like bamboo, says he will speak to PM to allow export of PPE

Clothing retailers defer new launches over lower demand amid coronavirus

Large retailers like Big Bazaar, FBB and Cantabil have opened their selective stores with 'no exchange, no return' policy

Revenue of cotton spinners to contract by 25-30% in FY21: Icra Ratings

This will further add to the woes of the sector which saw an estimated 5-7 per cent decline in revenue and 200-250 basis points (bps) correction in operating margins in FY20

Investors must shun retail apparel stocks over negative operating leverage

To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown

Satyender Jain tests negative for Covid-19; discharged from hospital

The 55-year-old minister was shifted to the ICU of Max Hospital, Saket, on June 19 after his condition worsened