Footfall to UK stores was slow during April, despite the weather improving as the month wore on. The drop of 3.3% was a “significant decline” compared to the 1.6% hike in April 2017 when Easter flattered the figures.
Skechers sued Adidas in federal court this week claiming unfair competition after the brand sent hundreds of thousands of dollars in secret payments to high school and college athletes in return for them wearing Adidas.
In 2017, the Italian textile/fashion industry generated an estimated revenue of €54 billion, up 2.4% and above last June’s estimate of +1.8%, driven by exports to China and Russia. However, exports to the US fell 1.7%.
In 2017, North American nonwoven capacity increased to 4.96 million tonnes, an increase of 2.5 percent (122 thousand tonnes) over 2016, according to the North American Nonwovens Supply Report published by INDA.
A day after U.S. retail giant Walmart struck its largest deal with an investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi.
Sears shares jumped 16 percent on Wednesday after the company announced a tyre service partnership with Amazon, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
Chinese internet giant Tencent will announce a cultural trade deal with Britain, including fashion, deepening cooperation between the two countries and setting the stage for its own international expansion moves.