With knitwear exports of over US$2 billion (HK$15.5 billion) a year, India’s garment manufacturing hub Tirupur has earned the nickname “Dollar City,” but its allure for price-conscious global retailers obsessed by discounts of as little as one US cent pales before BangladWednesday, 10 July, 2013, 3:17pm
The day after Wal-Mart Stores published Simco's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from US retailer J.C. Penney for 500,000 pairs of pyjamas.7 Jun 2013 - 3:46am
Former fashion jewellery saleswoman Rebecca Gonzales and former chief executive Ron Johnson have one thing in common: JC Penney no longer employs either.2 May 2013 - 3:47am
At the heart of Ron Johnson's plan to turn JC Penney into a mini mall of boutiques was the notion that the department-store model needed reinvention.
Yet while JC Penney faced challenges on Johnson's arrival - not least that its middle-income customers had been hit hard by the economic downturn - other department stores had been thriving without a radical course correction.13 Apr 2013 - 4:51am