Pakistan’s textiles products and readymade garments have great export potential for the Indian markets as part of ambitious plan to increase overall exports to India to $1 billion within a year, Commerce Minister Engineer Khurram Dastagir Khan has said. His comments came while chairing a meeting with Pakistani members of the Pak-India Business Council in … Read More →
Macy’s Inc (M.N) reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores’ uphill struggle against slumping demand for apparel. The dismal forecast from the retailer pushed its shares down nearly 14 percent to a more than 4-year low, and also weighed on shares of rivals on Wednesday. … Read More →
There is disappointment for India’s apparel exporters who have been pushing for a Free Trade Agreement (FTA) with the European Union to regain lost markets. Commerce and Industry Minister Nirmala Sitharaman who chaired a consultation meeting with economists and media observers on ‘FTAs & India: The Way Forward’, blamed the EU for showing little interest … Read More →
Who you gonna call? Maybe it’s Nas if you’re interested in curating a fashion collection for the soon-to-be released remake of the “Ghostbusters” movie, which has a more female-heavy cast with Melissa McCarthy and Kristen Wiig in principal roles. Sony Pictures has teamed up with the hip-hop star who is working with several high-profile brands … Read More →
German sportswear brand Adidas is aiming big in China with a plan to open 3,000 new stores in the country in the next five years. The new outlets will take the store count in the country to 12,000. The company aims to expand its presence in cities where it offers running gear and tennis shoes. … Read More →
Hong Kong-based Must Group has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment industry in Bangladesh’s Ishwardi Export Processing Zone. This company which will produce the garments will be known as M/s Hoi Bun Fashions Ltd. It will be the 4th industrial unit in EPZs under Must … Read More →
American jeanswear brand Lee has become India’s most trusted casualwear brand for the second year in a row ahead of Levi’s. In a stark contrast to the 2 per cent difference between the two brands last year, this year Levi’s trails 16 per cent behind Lee, according to The Brand Trust Report – India Study … Read More →