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MSME Competitiveness Boosted By Government Initiatives

MSME Competitiveness in Global Value Chains Strengthened by Government Initiatives.

MSME Ministry Hosts First National Workshop On ODR Portal

ODR Portal for MSMEs Takes Centre Stage as Ministry Hosts

Alcove Triveni Omniplex Opens, Hooghly Gets First Mall

Alcove Realty successfully marked the soft launch & announcement of

PM Mudra Yojana Offers ₹20 Lakh Collateral-Free Loans

As informed by Department of Financial Services (DFS), PM Mudra

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Apparel and Textile News

Marks & Spencer H1 Sales up 35 per cent

British retailer Marks & Spencer (M&S) has reported 35 per cent rise in India sales in the half year period ended September 2014, helped by strong performance across segments. Commenting on the results, Marks & Spencer Reliance India managing director, Mr. Venu Nair said “India is a priority market for Marks & Spencer. We continued […]

Apparel and Textile News

Koramangala Retail Expects a Better Winter Business

Koramangala-based clothesline retailers are expecting their winter business to grow by around 50-60 per cent. This expectation is based on the innovative winter collection that varies from kids to generation-X target audience. Joseph Muthaiyan, CEO, Blumerq said, “This winter season, orange becomes the new black. The upcoming season will have a festive joy in the […]

Apparel and Textile News

25 stores by Columbia Sportswear in India by April 2015

US-based outdoor and adventure wear retailer Columbia Sportswear Company will open 25 stores by April 2015 in India against an earlier plan of 5 stores, as the demand for products has exceeded its expectations. Columbia Sportswear Company, which entered India through a distribution tie-up with Chogori India Retail Ltd, opened its first store on December […]

Apparel and Textile News

Mr. Bhatter Elected President of BHMA

Mr. Sharad Kumar Bhatter, director of Asia Hosiery Mills (P) Ltd, has been elected president of the Bengal Hosiery Manufacturers’ Association. Mr. Parmanand Agarwal / Mr. Bhaskar Banerjee, Mr. Nandan Khan & Mr. Ashish Paul has been also elected Vice President, Treasurer & Hony. General Secretary respectively at its 64th annual general meeting held on […]

Apparel and Textile News

Menswear for UK Customers by LiDL

The European discount supermarket chain LiDL has now come up with a new exciting range of menswear exclusively for the UK customers after sold out of its women’s wear collection within just three days. The 9-piece collection comprises edgy fashion forward clothing, including vests, boxer shorts, T-shirts, casual shirts, jeans, knitted jumpers and winter jackets, […]

Apparel and Textile News

Gap Hikes Q3FY14 EPS Guidance

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 fiscal 2014 diluted earnings per share range includes a non-recurring benefit of about […]

Apparel and Textile News Retail News

CCI gets Complaint Against Flipkart, Other E-tailers

The Competition Commission of India (CCI) has received a complaint against online retailers including home-grown giant Flipkart for alleged unfair business practices. The complaint has been received against these online trading entities weeks after an uproar over Flipkart’s massive discount sales which had raised concerns of anti-competitive practices.         Reference Link

Apparel and Textile News

‘Ann Inc’ Cuts Sales Outlook

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 high promotional environment, Ann Inc, said it now expects lower-than-anticipated sales and gross margin […]

Apparel and Textile News

Filatex to Invest Rs. 200 crore for Value-added Products

Filatex India Ltd (FIL), a polyester filament yarns producer, plans to invest Rs. 200-250 crore to add machinery and equipment, which will manufacture downstream value-added products. Filatex expects to expand its profitability and long term economic viability from the new production capacity, which will be set-up at its Dahej plant in Gujarat. FIL is involved […]

Apparel and Textile News

Higher Price for Cotton Demanded

Former minister, Mr. Anil Deshmukh has demanded that the centre should pay a minimum support price (MSP) of Rs 6,500 per quintal to cotton. The present MSP is Rs 4,050 and as government is yet to start buying, the traders are offering a rate of Rs 3,800 per quintal. Mr. Deshmukh told newsmen that Democratic […]

Apparel and Textile News Retail News

Manyavar Opens its 353rd & 354th Store at Jaipur & Mumbai

Manyavar take the pride in spreading the Royal Glamour by inaugurating their 353rd store at  Raja Park, Jaipur– Rajasthan & 354th store at  Oberoi Mall, Mumbai– Maharashtra. Manyavar has their presence across 138 cities worldwide. With the dynamic collection that fits-adorns-enriches every occasion, Manyavar will continue creating everlasting signatures of respect and fashion. Manyavar esteemed associations with Manyavar Soni ji and […]

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