People’s preferences and purchasing habits have changed, leaving retailers with excess inventory. Discount retailers rely on closeouts, overstocks and out-of-season merchandise to fill their shelves. Volume of products in the overstock market has increased by about 40% since June 2019 levels. Massive amounts of long-delayed orders for things that were popular in the early days … Read more
Energy executives urge shorter-term efficiency and conservation amid a fuel supply crunch. Companies must scramble to meet climate targets set for 2030. Ukraine crisis will help boost Europe’s transition away from fossil fuels, Enel CEO says. Renewable sources like wind and solar can be tapped domestically in European countries and abroad. Energy executives Energy chiefs … Read more
KARACHI: The textile sector is set to announce second quarter of FY22 ended December 31, 2021 result and we foresee improvement in the earnings, amid strong order book, low cost inventory and currency depreciation. We expect the margins to expand as the companies were able to increase the prices in the international market. The textile … Read more
