Knitwear exports from the south Indian textile hub of Tirupur registered revenue of Rs. 10,050 crores in the first six months of the ongoing fiscal year 2014-15, growing at 16 percent compared to exports of Rs. 8,650 crores during the ...
Tags: Tirupur Knitwear Exports, Foreign Trade Policy, Apparel
Knitwear exports from the south Indian textile hub of Tirupur registered revenue of Rs. 10,050 crores in the first six months of the ongoing fiscal year 2014-15, growing at 16 percent compared to exports of Rs. 8,650 crores during the ...
Tags: Tirupur Knitwear Exports, Apparel
Women’s apparel company and NYSE listed, Ann Inc, which manages Ann Taylor and Loft brands, cut its sales outlook for the third and fourth fiscal quarters of 2014, as well as the full fiscal year. Struggling with weak traffic and a ...
For the third quarter of fiscal year 2014, NYSE listed and clothing retailer, Gap expects diluted earnings per share (EPS) to be in the range of $0.78 to $0.79, up from $0.72 in same quarter of fiscal year 2013. “Third quarter of ...
The United States Department of Labour (DoL) has found widespread violations by employers in paying wages to workers in the Southern California garment industry. In fiscal year 2014, DoL’s Wage and Hour Division conducted 221 ...
Tags: unpaid wage, minimum wage, Apparel
The American multinational clothing and accessories retailer Gap Inc. is set to open its first-ever Old Navy outlet in Shenzhen, a city located in the south of Southern China’s Guangdong Province, on November 8, 2014. In a bid to ...
Tags: clothing retailer, omni-channel, Apparel
Thailand based, Indorama Ventures Public Company Limited (IVL) said in the first nine months of fiscal 2014, its core net profit skyrocketed in triple digits, from the same period of previous fiscal year. IVL, a producer of intermediate ...
Tags: intermediate petrochemicals, crude oil prices, Textile
For the third fiscal quarter of 2014, gross margin at apparel retailer JC Penney expanded 710 bps over the same quarter of the previous fiscal year. In the third quarter ending November 1, 2014, gross margin stood at 36.6 per cent of ...
Tags: apparel retailer, gross margin, Apparel
Higher product clearance promotions drove down gross margin in the first fiscal quarter ended October 27, 2014, at women’s apparel retailer and NASDAQ listed, Bebe Stores. Bebe Stores said gross margin from continuing operations as ...
In the second quarter of fiscal 2014-15, revenues and EBITDA surged 22% and 21%, respectively, from a year ago quarter, at Welspun India, a part of the $3 billion BK Goenka led, Welspun Group. Steered by strong volume growth, revenue at ...
Tags: EBITDA margin, Welspun India, Textile
In its unaudited standalone financial results for the second fiscal quarter ending September 30, 2014, Indian textile major, Arvind Ltd reported a 4.13 percent year-on-year rise in net profits. Arvind, an integrated textiles producer, ...
Tags: Indian textile major, net profits, Textile
NYSE-listed and clothing retailer, Gap Inc has approved a quarterly dividend of $0.22 per common share for holders of the Company’s common shares. The dividend will be paid on or after January 28, 2015 to shareholders of record at the ...
US based apparel retailer and NYSE listed, Macy’s said its third fiscal quarter ending November 1, 2014, earnings per diluted share jumped 30 per cent from the year ago period, to 61 cents. Total sales in the third quarter of 2014 ...
Tags: apparel retailer, Total sales, Apparel
Revenue growth: Revenue grew by 2.3% in 3Q14 and by 5.3% in 9M14, with revenue per hl growth of 5.0% in 3Q14 and 4.5% in 9M14. On a constant geographic basis, revenue per hl grew by 4.9% in 3Q14 and by 5.2% in 9M14. Total volumes in 3Q14 ...
Tags: Beer volumes, Revenue growth, Agriculture
Diageo is in talks with Jose Cuervo to acquire the remaining 50% stake in Don Julio tequila, and in exchange offer its Bushmills whiskey assets. The company currently owns 50% stake in Don Julio. The take-over of the complete ...