With half the orders getting cancelled and rising non-performing assets in exporting units, India’s export sector may face more than 15 million job loss, Federation of Indian Export Organisations (FIEO) said. “With cancellation of over 50% of orders and g.
Crocs, Inc., a global leader in casual footwear for men, women, and children, in partnership with the brand’s global brand ambassador, Priyanka Chopra Jonas, announced to donate 10,000 pairs of footwear to healthcare professionals in Kerala, Maharashtra, .
The Prada Group has restarted operations with in-depth coronavirus testing for employees, setting a benchmark for the fashion industry. The progressive program begins with the partial reopening of industrial sites in Italy’s Tuscany region — where 30.
Ever since the lockdown was imposed on March 24, the Indian retail sector has lost approximately Rs 5.50 lakh crore during this 40 day period and the country is likely to witness at least 20% of Indian retailers collapsing and winding up their businesses .
As the COVID-19 panic gets uglier, Indian leather products and footwear exports industry lost about Rs 1,500 crore worth of orders from the USA and Europe in just two days, according to Council For Leather Exports. Since March 17, there had been unprecede.
The footwear sector’s performance in FY2021 is likely to be significantly affected due to the Covid-19 pandemic, according to ICRA. Closure of retail outlets coupled with weak consumer sentiment due to the ongoing lockdown is likely to impact the footwear.
THE FOOTWEAR INDUSTRY WAS ALREADY IN SLOWDOWN BEFORE THE COVID-19 PANDEMIC 2019 saw a worldwide slowdown in the footwear industry. That slowdown will certainly continue throughout 2020, given the reality of COVID-19. In 2019 footwear production and export.
Texon, a market leader in the development of eco-friendly, structural materials for the global footwear industry, has launched Texon Vulcan – an exciting product that can provide extra shape and enhanced levels of support in vulcanised shoes, and contains.
Global sports brand PUMA has announced that Sunil Chhetri, captain of the Indian National Football team and Bengaluru FC signed with the brand. A captain, leader and a legend, he is the second-highest after Cristiano Ronaldo on the list of active internat.
Walmart-owned e-commerce company, Flipkart, has appointed Sriram Venkataraman as Chief Financial Officer for Flipkart and Myntra, the company said in a statement. This appointment will be effective immediately. In his new role, Venkataraman will be respon.
