USDA – Pakistan Cotton and Products latest update

Report Highlights Despite lower cotton production, Pakistan’s textile sector is back at full capacity and appears to be on track to achieve higher exports in the long run. In order to realize export-led growth in this sector, the Government of Pakistan is finalizing Textile Policy 2020/25, which aims to make Pakistan more competitive globally. Pakistan’s … More USDA – Pakistan Cotton and Products latest update

American Eagle shares rise as retailer plots at least 200 store closures in malls, making Aerie a USD 2 billion brand

By guest author Lauren Thomas from CNBC American Eagle outlined its plans to close hundreds of stores in the coming years, while it looks to grow Aerie to a USD 2 billion business. Chief Financial Officer Mike Mathias said the company, which has about 880 stores, is looking to shut between 200 and 250 mostly … More American Eagle shares rise as retailer plots at least 200 store closures in malls, making Aerie a USD 2 billion brand

Bloomingdale’s is trying a new Small-Store Concept — Is This a Viable Solution for Retail in Pandemic Times?

By guest author Samantha McDonald from Footwear News. Bloomingdale’s is reportedly unveiling a new type of store as it works to expand in pandemic times. The retailer’s small-format concept, dubbed Bloomie’s, is set to open this fall in Virginia’s Mosaic District shopping complex, reported FN’s sister publication WWD. It’s expected to span roughly 22,000 square … More Bloomingdale’s is trying a new Small-Store Concept — Is This a Viable Solution for Retail in Pandemic Times?

Saks CEO: Pandemic shoppers sought comfort in luxury

Saks Fifth chief says luxury retail has been ‘comfort food’ for some shoppers during the pandemic Saks Fifth Avenue Chief Executive Marc Metrick said luxury retail has been like “comfort food” for some shoppers during the Covid-19 pandemic. “People were buying things in the height of the pandemic that there was no absolute functional end … More Saks CEO: Pandemic shoppers sought comfort in luxury

Ascend Performance Materials’ Acteev technology takes prize at Outdoor Retailer Innovation Awards

The awards recognise new and groundbreaking technologies used in winter apparel, outdoor and sports products and materials. Ascend Performance Materials’ Acteev Protect™ antimicrobial odor-resisting fabric technology has been named a winner at the 2021 Outdoor Retailer Innovation Awards. The awards recognize new and groundbreaking technologies used in winter apparel, outdoor and sports products and materials. … More Ascend Performance Materials’ Acteev technology takes prize at Outdoor Retailer Innovation Awards