The uncertainty over the future of the American apparel industry intensified after the trade war erupted. Since most clothing retailers depend on Chinese imports to source their materials, the latest round of tariff is bound to impact their businesses negatively. Meanwhile, the reports of a possible trade truce between the US and China have brought … Read More →
The company expects the deal to be completed in 30-45 days In a bid to strengthen its presence in ethnic apparel and accessories, Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday said it will acquire ethnic wear brands Jaypore and TG Apparel & Decor. Aditya Birla Fashion and Retail will acquire Jaypore for an enterprise value … Read More →
Amazon is the world’s largest e-commerce company. But in the past few years, the online store has begun to make its first steps into the world of bricks-and-mortar retail. The first physical bookstore, Amazon Books, launched in Seattle in 2015 and has since expanded across America. It then acquired Whole Foods in a $13.4 billion … Read More →
New Delhi: Mall developer Star ShoppingCentres is merging with Future Group’s primary retail infrastructure development unit, Future Market Networks, according to a BSEfiling of the latter. Star Shopping Centre is a subsidiary of Future Market Networks and is engaged in development and management of shopping centres and malls. According to the filing, a board meeting held on January 20, “unanimously approved the … Read More →
Shenzhen MiBaoSpace Technology Co.,Ltd, based in Shenzhen in the Guangdong province of China which has been specializing in the distribution and retail of garments for over 4 years, added Justin Bieber clothing to its product line since 2016. Justin Drew Bieber more famous as Justin Bieber is undoubtedly one of the worlds’s most admired pop … Read More →
AHMEDABAD, SEPT 19: Buoyed by the Goods and Services Tax (GST), the city-based women’s ethnic wear brand Span Apparels plans to expand its retail network to southern and eastern states of the country. The company has laid down plans to invest Rs. 100 crore towards massive expansion of retail outlets and setting up a warehouse in Ahmedabad. … Read More →
The growth of e-commerce continues to wreak havoc on traditional retail and its workforce, with 5,300 store closings announced in the first half of 2017 and 64,000 job cuts expected. What will become of the 16 million Americans who work in the retail industry as current trends toward online shopping continue? Economics correspondent Paul Solman … Read More →