Zara
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Fashion brands under attack in China after distancing themselves over alleged forced labour in Xinjiang region
•Celebrities have cut their ties with H&M and Nike, and state media has called for a boycott of the Swedish clothing chain.
Coronavirus Outbreak: Zara owner Inditex books first quarterly loss of $465 mn amid global lockdowns
•Zara's online sales, however, had surged in the meantime, rising 95 percent in April
Coronavirus crushes Asia's garment industry: 'All my dreams are shattered', say workers rendered jobless after factories shut down
•Garment exporter Bangladesh, second-largest after China, faces $6 bn hit as world retailers cancel orders
•Low wages have helped Bangladesh build its garment industry, with some 4,000 factories employing 4 million workers.
Low-price fashion chain Forever 21 files for bankruptcy; to close up to 178 international stores
•Forever 21 joins Barneys New York and Diesel USA in a growing list of retailers seeking bankruptcy protection as they battle online competitors
Spanish fashion brand Zara seeks to distance itself from Hong Kong controversy, says it does not support protests
•Spanish fashion brand Zara, seeking to avoid becoming embroiled in controversy over protests in Hong Kong, issued a statement on Chinese social media expressing support for China's sovereignty
Tata Trent to set up trend-focussed Zara-like apparel empire, but at half the price; plans to open 40 outlets every year
Fp Staff •Last week, Trent had announced plans to raise up to Rs 1,550 crore through a combination of issuance of shares to its promoter Tata Sons on a preferential basis and other options, to fund its expansion.
Tata's Trent aims to triple revenue to Rs 15,000 crore over ten years; expects to invest Rs 150 crore a year for expansion
Fp Staff •India’s overall retail market is pegged at Rs 47 lakh crore, and modern retail and e-commerce together make up about four percent of that pie.
'Change Taiwan to Chinese Taipei,' Beijing tells Air India and the national carrier complies: Here's a look at why
Fp Staff •India's national carrier Air India was forced to change 'Taiwan' to 'Chinese Taipei' after Chinese authorities demanded them to no longer refer to Taiwan as a separate region on their websites.
Zara to to introduce augmented reality displays from April in a bid to lure millennials to their stores
•Zara's latest technological push shows models wearing selected looks from its ranges when a mobile phone is held up to a sensor within the store.