A massive half-price clothing sale has been launched by Marks & Spencer as the high-street shut down is leaving stores with unsold mountains in spring and summer. The distributor called the promotional flash a rainbow sale and hands over 10% of the income to NHS organizations. Sales give shoppers a minimum of 50 percent discount in the store. Summer clothing from €40 to € 15 is included in the wear and half-price jump suits at £ 29.M&S is donating 10 per cent of the purchase price, exclu

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) recently demanded that the government continue with the existing reduced rate of 0.25 per cent source tax and 10-12 per cent corporate tax for the next five years so that the sector turns competitive.Pic: ShutterstockBoth the associations presented their budget proposals to the National Board of Revenue highlighting steps needed for the sector to figh

Browzwear and Adobe have joined hands to integrate its Substance 3D texturing and materials authoring technology. As a native part of Browzwear’s VStitcher and Lotta 3D design solutions, designers can access the Substance’s powerful capabilities, enabling them to quickly create and visualise hyper-realistic print executions, and other visual effects.Pic: BrowzwearThe collaboration with Adobe is part of Browzwear’s ongoing commitment to facilitating apparel businesses’ ability to benefit from bes

Kampos, an Italian startup company, has unveiled a socially-responsible, environmentally friendly line of products and accessories to celebrate the history and beauty of the Mediterranean Sea. All newly introduced products are sustainable, made of recycled plastic bottles, abandoned “ghost” fishing nets, or other recycled nylon and/or organic fabrics.Founded by entrepreneur Alessandro Vergano, Kampos’ corporate vision is to “offer luxury products with a conscience, now and for generations to com

Ross Stores, a US-based chain of discount department stores, has reported its sales of $1.84 billion in first quarter fiscal 2020 ended on May 2, 2020 compared to sales of $3.79 billion in same period prior year. Company reported a net loss of $305.8 million during the quarter compared to net income of $421.14 million in same period prior year.Pic: Ross Stores“Our first quarter results reflect the unprecedented impact the Covid-19 pandemic has had on our business, which led to the closure of all

As unprecedented as coronavirus has been, it has led to an upheaval in every sphere of life for most companies and people.With entire employee bases working from home, it has left proprietors to ponder the future of workplaces altogether. Joining the likes of Facebook and Twitter who earlier announced that they would allow a substantial part of their workforce to continue working remotely long after lockdowns are lifted, is Shopify.The firm is the latest to corroborate that 5,000 of its staff me

Merrow Manufacturing LLC,a 182-year-old manufacturing firm based in USA, has become the top producer of PPE within the country.The PPE kits are said to be reusable and disposable and Merrow Manufacturing has tied up with more than 85 hospitals and private healthcare centres.Responding quickly with the supply of the same to the medical workers and the first line warriors with this new medical division, Merrow has come out with an immediate domestic solution to fight against COVID-19, while creati

Target is working through a major restructuring process which would result in job losses for more than thousands of workers since the retail major has announced that it will shut as many as 75 stores.Another 92 Target stores will be converted to Kmart outlets, making a total of 167 stores to be closed or converted.According to the parent company Wesfarmers, a review of Target in April found that these closures or conversions were needed in order to reduce its ‘unsustainable cost base’.Wesfarmers

The Corona-pandemic has revealed how extended the textile value chain is from producing fibres to the finished consumer products offered by brands and retailers around the world. Brands and retailers and their suppliers should cooperate closely and look for solutions that support each other, thehas said.Pic: ShutterstockFibres can be produced in one country, yarns spun in another; fabrics are woven or knitted yet in another country before the final garment is sewn and shipped across continents.

Reid & Taylor India Limited, a subsidiary of S Kumar’s Nationwide Limited (SKNL), has terminated 1,400 employees, as a part of liquidation. Though the company was facing financial crisis for the last three years and the liquidation order was long-pending, the termination of employees during the ongoing COVID-19 lockdown has reportedly come as a blow to the employees.Pic: SKNLReid & Taylor India was one of the first companies to be set up in Tandavapura in Karnataka’s Nanjangud taluk in 1