Pandemic crushes global supply chains, workers at both endsCOVID-19 lockdowns have obliterated a retail sector already struggling to survive before the coronavirus hit, which has, in turn, contribut...
Indian creditors nervous as US retail companies struggleIn the past two weeks, leading retailers like JC Penney, J Crew, Neiman Marcus and Stage Stores have filed for Chapter 11 bankruptcy protec...
Pandemic claims another US retailer: 118-year-old J.C. PenneyPenney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marc...
Indian IT may take a big hit as US retail struggles to stay openIT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough emp...
Slowdown in America’s retail sector to hit Indian IT firmsInfosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts said their clients would eventuall...
Retail captives in India log double-digit growth in FY18Experts say the growing importance of technology is driving the growth of investment in third-party centres.
Welspun launches online retail portal ShopwelspunTextile major Welspun India entered the ecommerce segment with the launch of an online portal, Shopwelspun, the company said.
Tara Jewels surges as company bags Rs 53.44 crore order from WalmartShares of Tara Jewels surged about 9% in trade on Wednesday, a day after the company bagged an order worth Rs 53.44 crore from Walmart, USA.
Tara Jewels bags Rs 53 crore order from WalmartThe company, which has three manufacturing facilities in India, supplies to retailers in over 20 countries including the US, the UK and Eur...
Indian-American named deputy chair of Dallas federal boardThe Federal Reserve Board in Washington DC on December 13 made the appointments for the 12 Federal Reserve Banks nationwide.
Chennai Silks’ wants to expand beyond textile kingdomThe nearly five-decadeold family business, managed jointly by eight brothers, now wants to expand beyond home, to southern states initially.
- US retailers roll out sales as snow threatens East
A snowstorm headed up the East Coast is likely to crimp some plans. Washington, D.C., is expected to get 5 to 8 inches (12.5 to 20 centimet...
- Global retail majors trim India biz to save on costs
Wal-Mart has closed down its quality-control department in India, as the largest retailer continues to downsize its outsourcing operations ...
- JC Penney reports 51 per cent slide in Q4 profit
JC Penney Co reported a 51 per cent drop in fourth-quarter profit as customers sharply cut spending on clothing and other more discretionar...
- US retailers post robust start to holiday season
US retailers had a robust start to the holiday shopping season, according to results announced by a national research group that tracks sal...
- US retailers' April sales decline on early Easter
Sales at US retailers declined last month, trailing already-reduced estimates, as an earlier Easter shifted gift purchases into March and t...
- Global retail brands have designs on India
Since quotas were dismantled early last year, new entrants like Steve & Barry’s are cashing in on the cost advantage and setting up their e...