The spot rates of cotton have reduced by Rs100/maund as recorded at the Karachi Cotton Exchange. The spot rates decreased to Rs6,450/maund (37.324kg) and Rs6,912/40kg. Ex-Karachi rates also fell to Rs6,595/maund and Rs7,067/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. An analyst said the spot rates declined because of an increase in the arrivals. He added that demand remained still high in the market, but any arrival in bulk or decline in quality will decreas

The opening of Zara and H&M in Hanoi after their success in HCM City has shown the thirst for international brands among Vietnamese people, especially young people. There were long queues at the opening of H&M on November 11 and Zara on November 9. Vietnamese young people are willing to pay for fashion and entertainment and fast-fashion brands such as Zara and H&M are huge attractions. Quynh Anh, an employee of a tourism firm in Hanoi, said she had spent nearly VND10m (USD440)

Applying new technologies to reduce production cost and increase competitive edge is the urgent solution for the garment-textile industry given global fiercer competition. It is also necessary for businesses to seek more markets outside the Association of Southeast Asian Nations (ASEAN) and reinforce its niche on major ones such as the US, the EU, and Japan to maintain growth. Another potential markets are countries from the Eurasian Economic Union (EAEU), particularly Russia. Whereas the

China's sharing economy will grow about 40 percent this year to 4.5 trillion yuan ($680 billion), an official with the national economic planner said Wednesday. "The sharing economy is expected to maintain annual growth of about 40 percent over the next few years," according to Meng Wei, spokesperson of the National Development and Reform Commission (NDRC). In 2016, the sharing economy had total transactions of 3.45 trillion yuan, more than double the 2015 figure, involving more than 600

A global platform for footwear makers yesterday rejected the application of incorporation of Myanmar in the apex body on the ground of ethnic cleansing of the Rohingya by the Myanmar government. The Confederation of International Footwear Associations (CIFA) took the decision at its 36th International Footwear Conference or IFC 2017, held at the Westin Hotel in Dhaka. “We refused to accept the application of Myanmar due to the ongoing ethnic cleansing by the Myanmar government,” said Saifu

Russian model Kris Grikaite lands yet another Prada campaign for the brand’s resort 2018 season. Photographed by Willy Vanderperre at the Milan Osservatorio, the brunette wears feminine yet functional styles. Called ‘Perspectives’, the advertisements continue the company’s 365 approach. The images juxtapose a black and white full-length shot with a cropped color photograph at the right. “The tension between the season’s inspirations of sport and the elegance of the Belle Époque era are played

A new cotton spinning mill is set to come up in Saparmyrat Turkmenbasy district, located in Trukmenistan’s Dashoguz region, one of the four inner-most regions of the country where cotton is mainly grown. When operational, the mill will have capacity to produce 6,000 tons of cotton yarn annually, according to Central Asian media reports. The textile industry is one of the priority industries for the growth of the Turkmen economy. “Big investments, made in textile industry, stimulate the growth

The net income from continuing operations of German multinational Adidas has increased 35 per cent to €549 million for the third quarter of fiscal 2017 as compared to €407 million in the same period of 2016. Sales for the company were up 9 per cent in the third quarter of 2017 to €5.677 billion as against € 5.222 billion in the third quarter of 2016.The company's gross margin increased 50.4 per cent (2016: 48.1%). This development was mainly due to the positive effects from a better pricing and

Stanford researchers have successfully created a double-duty, reversible fabric that automatically keeps a temperature comfortable to human skin. In a paper published in Science Advances on Friday, the new textile made from a reversible fabric that could comfortably warm or cool wearers was based on the same material as everyday kitchen wrap. The fabric is capable of releasing or keeping heat energy automatically depending on which side faces out. The new invention was created by a team le

In the morning of November 11, the H&M fashion store in Hanoi welcomed more than 2,000 visitors and shoppers to celebrate its first official opening day. A long line of fashion lovers have been waiting since 10.00 PM the previous night to become the first buyers of H&M’s fashion products. Customers had the opportunity to join a music party with a countdown and lively performances from famous DJs as well as typical music and dancing perfermances of H&M’s staff. Besides, the firs