Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21,…
Representative umage Indore: Readymade garment manufacturing units of Indore saw a decline of more than 40 per cent in orders as against the corresponding period ahead of the peak demand season starting Eid due to the 45-day timely payment obligation for MSMEs. Payments to MSMEs will be required to be done within 45 days starting…
NEW DELHI: Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages, a U.S.-based association representing more than 1,000 brands said. Bangladesh is the world’s biggest garments exporter after China. This week, after deadly protests between police and factory workers, the…
LONDON, – British clothing group Next has agreed to buy FatFace in a deal valuing the fashion chain at 115.2 million pounds ($140 million), adding another brand to a fast-growing portfolio. Next, which operates from about 460 stores in the UK and Ireland and has an online presence in over 70 countries, has been picking…
