In response to queries by prospective investors on Indian Government’s foreign direct investment (FDI) in multi-brand retailing, the Ministry of Commerce has issued clarification on the 30 percent souring from small and medium ...
Tags: FDI Policy, small industries
Despite the increasing production cost and shift in orders by global apparel and textile buyers from China to other Asian countries, several global clothing and textile brands are still sourcing major portion of their clothing from China. ...
Tags: Textile, Apparel and Clothing
The recent incidents in Bangladesh, including Rana Plaza building collapse, Tarzeen and Spectrum fire accidents, have negatively impacted the growth of readymade garment (RMG) sector of the country. The clothing manufacturers of Bangladesh ...
Tags: RMG Sector, Bangladesh
Never before has a fashion brand exclusively streamed their fashion collection through Tumblr—until today. Club Monaco is an international lifestyle brand that designs fashion and accessories for men and women. They offer customers ...
Tags: Fashion Lookbook, Club Monaco
First Quarter 2013 Financial Results - Total net sales increased to $120.8 million, a 13.1% increase compared to the same period in 2012. - Net sales for the Company’s U.S. Consumer Direct segment, which includes the ...
Tags: Apparel Sales, Apparel
The readymade garment industry of Bangladesh is suffering from a severe image crisis in the international markets because of concerns about labor safety arising from recent fire incidents in two garment factories, which resulted in a ...
Tags: Garment Sector, Garment
The IRUG Annual Conference is a gathering of U.S. and international retail systems users and solution providers participating in sessions on the latest in education, experiences, best practices and information in key areas of change: the ...
Tags: Boston Retail, Apparel
Kohlberg Kravis Roberts & Co. LP and SMCP Group, a leading ready-to-wear affordable luxury apparel retailer, announced that KKR signed a definitive agreement with SMCP’s current shareholders to acquire a majority stake in the Company ...
Tags: KKR, Apparel Retailer
DOUGLAS HOLDING AG has proposed Bernd Beetz and Ronald van der Vis as new members of the company’s supervisory board. The vote will take place at the annual general meeting on May 28, 2013. The tenures of Claus-Matthias Böge and ...
Tags: Douglas Holding, Apparel
Mothercare plc, the leading international mother and baby retailer, updates on Q4 trading covering the 11 week and 52-week periods to 30 March 2013 Highlights for Q4 - UK store closures ahead of plan, with 56 loss-making stores closed ...
Tags: Global Sales, Mothercare, Textile
Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. ...
Tags: FDI, Indian Textile Sector, textile
True Religion Apparel, Inc. announced financial results for the quarter and year ended December 31, 2012. “As we start 2013, our plan is to enhance our men’s merchandise offering with sportswear innovation and re-establish the ...
Mothercare says it's "making solid progress" and is on-track with its three-year transformation plan. The retailer reported a 5.9 per cent like-for-like sales drop in the UK during its fiscal Q3 period (the 13 weeks ending January 12th, ...
Tags: Mothercare, transformation plan
Polaris Financial Technology Ltd., a leading global Financial Technology Company, today announced that Gartner, Inc. has positioned Polaris FT in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core ...
Tags: Polaris Financial Technology, Gartner, banking, finance service
A growing middle class economy, high consumption rates, a large, urban population, and reduced political and financial risk has catapulted Brazil to first place of the 2012 A.T. Kearney Global Retail Development Index. Brazil tops A.T. ...