As oil price fell by 10 dollars in one single day (Thursday 5th May), the stock exchange experienced a widespread drop in raw material prices. If things continue this way, the situation of the textile and clothing industries could certainly change.
Former Wal-Mart Stores Inc warehouse workers of Cuban origin may pursue a lawsuit accusing the world's largest retailer of discrimination, and of firing them when they complained about their treatment.
American Apparel Inc posted a narrower quarterly loss as it cut costs by closing underperforming stores and streamlining operations, and the clothing chain expects to achieve positive comparable store sales this year.
Sales at Myer Holdings and David Jones , Australia's top two department store chains, declined in the third quarter but there was a hint of improvement, with colder weather boosting clothing sales in April.
Phil Clarke, new head of world No.3 retailer Tesco, stepped out of the shadow of his long-serving predecessor on Tuesday with a more ambitious group strategy that includes a plan to create new global brands.
British retail sales surged at their fastest annual pace in five years and house prices fell more slowly in April, surveys showed, although the timing of Easter flattered the shop figures and the outlook is gloomy.
The luxury fashion house is making its debut into the world of children’s fashion. In stores from the month of November, the new kid’s collection, for the time being only available for girls, is bound to be a huge hit with the brand’s aficionados.
The Swiss lingerie group has just opened two online boutiques in the United Kingdom and Germany. These two countries will serve as an initial test for Triumph and its other brands, already present in over 120 countries.