Page 2 - Apparel Industry

Top headlines: Infosys Q2 profit soars 20.5% YoY, SC on loan moratorium

From InfosysQ2 net profit beating estimates, SC asking govt to prepare an action plan on compound interest waiver by Nov 2, Business Standard brings you top news of the evening

APEC expects 40% increase in apparel exports led by medical textiles

Council chief Welcomes Govt's readiness to sign limited deal with US, urges review of key trading pacts in order to remove disadvantages

Apparel retail sector may witness 45% fall in revenues this fiscal: Report

The apparel retail sector is likely to witness a 40-45 per cent decline in revenues during 2020-21, and a demand recovery is expected in the festive season this year if Covid-19-related fears subside

Appliances, apparel push US retail sales up 1.2%; but slowdown likely

Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April, when the pandemic shuttered businesses and paralysed the economy

Take measures to increase apparel exports two times, Gadkari tells AEPC

Wants textile industry to explore use of new materials like bamboo, says he will speak to PM to allow export of PPE

Clothing retailers defer new launches over lower demand amid coronavirus

Large retailers like Big Bazaar, FBB and Cantabil have opened their selective stores with 'no exchange, no return' policy

Revenue of cotton spinners to contract by 25-30% in FY21: Icra Ratings

This will further add to the woes of the sector which saw an estimated 5-7 per cent decline in revenue and 200-250 basis points (bps) correction in operating margins in FY20

Investors must shun retail apparel stocks over negative operating leverage

To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown

Satyender Jain tests negative for Covid-19; discharged from hospital

The 55-year-old minister was shifted to the ICU of Max Hospital, Saket, on June 19 after his condition worsened

Apparel manufacturers seek faster clearance of consignments from China

Apparel industry is dependent on several inputs, which are not available domestically or have to be imported in accordance with buyers' requirements

Apparel retailers' FY21 revenue may fall 30% due to Covid-19: Crisil Report

Demand is expected to recover to pre-lockdown levels only during the October-December festive season, it added

Coronavirus impact: Textile companies fear FY21 will be a washout

Most units say there are no orders as retailers haven't resumed operations

Apparel industry could lose Rs 1 trn due to lockdown, say manufacturers

It has requested the government to consider both wage subsidies and working capital support

Exports head towards contraction as orders from US, Europe vanish

With global oil prices dipping to record lows, petro exports to bring less revenue

Premium purveyors see a slowdown coming due to coronavirus outbreak

From apparel to cigars, supply chain is a major cause for concern

Shoppers Stop inks pact with Telangana to set up apparel-making unit

The MoU was signed by ITand industries principal secretary Jayesh Ranjan and Shoppers Stop managing director and CEO Rajiv Suri

Branded apparel makers post higher Q2 profit on weaker raw material price

Many branded apparel players started with discounts and other promotional offers ahead of the Dussehra and Diwali consumer demand

Apparel industry expects uptick in exports in last two quarters

Apparel exports to the largest market US showed a steep decline of 13 per cent in April-August 2019 as compared to that in April-August 2018

Economic slowdown hit jewellery and apparel sales this Diwali: Report

The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline

Apparel retailers' Q2 margins to remain weak on high discounts, poor demand

Shift in consumers' preferences to value-based purchase and extension of 'end of season sale' compound retailers' woes