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Tag: Bangladesh

Bangladesh garment sector faces growing order cancellations

More than $2.6 billion worth of orders in Bangladesh’s garment sector have been withdrawn and new cancellations are coming up, according to the country’s commerce minister.  Garments are a major source of export for the South Asian country as retail brands abroad source for apparel from Bangladeshi factories. But the coronavirus pandemic has led to …

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World Bank report, Retail News, ET Retail

BENGALURU: A new World Bank report, launched today in Delhi, notes that although e-commerce has grown significantly in South Asia, online sales accounted for a mere 1.6 and 0.7 percent of total retail sales in India and Bangladesh, compared to 15 percent in China and around 14 percent globally. Increasing the use of e-commerce by …

World Bank report, Retail News, ET RetailRead More