Fashion brands under attack in China after distancing themselves over alleged forced labour in Xinjiang region
• 4 years agoCelebrities 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
• 5 years agoZara'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
• 5 years agoGarment exporter Bangladesh, second-largest after China, faces $6 bn hit as world retailers cancel orders
• 5 years agoLow 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
• 5 years agoForever 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
• 6 years agoSpanish 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 • 6 years agoLast 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 • 7 years agoIndia’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 • 7 years agoIndia'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
• 7 years agoZara'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.