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Nine more major US retailers, including Gap Inc., Liz Claiborne, Lands?End, L.L. Bean, Eddie Bauer, Jones Apparel Group and Ann Taylor, with combined annual sales totalling more than US$25 billion, have sent a letter to Australian Wool Innovation (AWI) and the Australian Sheep and Wool Industry Taskforce, urging them to embrace the agreement reached between PETA and the Australian Wool Growers Association (AWGA).
The letter was sent through the global retailer organization Business for Socia
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Fashion show to highlight INTC in St. Louis this SeptemberNorth Carolina State? students will present fashion and apparel made from nonwoven fabricsThe worlds of nonwovens and fashion will come together in a truly unique fashion show to be presented during the International Nonwovens Technical Conference (INTC) in September. In this event, 10 students working towards a Textile and Apparel Management degree at North Carolina State University? College of Textiles -- six undergraduates, three gradu
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An 8.5% export growth is expected this year according to the Trade Development Council.All this is face of rising oil, yuan revaluation and trade embargoes in markets abroad.Though exports on medium term prospects will continue to rise the council's Chief Economist Edward Leung said the pace of expansion may slacken."The 12% growth of exports for the first half was above expectations. Despite some signs of moderation in early 2005, the global economic fundamentals turn out to remain healthy," Mr
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In a bid to solve the ongoing textile crisis between China and the European Union, the European Commission is dispatching its representatives to Beijing, tomorrow.On one hand, due to restrictions, European ports are getting clogged with Chinese shipments, consisting bras, pullovers and trousers while retailers all over Europe seek these products as they are likely to run out of stocks. They also fear that consumers will have to bear the brunt in case prices go up.The move is expected to resolve
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Bangladesh earned approximately 8.58 billion US dollars in fiscal 2004-05 from garments exports, nearly 1 billion dollars more than that of the previous fiscal.
The result shows that the textile and apparel sector has performed beyond expectation and fears about negative impact of the textile quota elimination are wrong.
The International Monetary Fund (IMF) had warned Bangladesh of losing a quarter of its exports and a huge number of jobs in 2005 due to MA (Multi-Fibre Agreement) quota
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The EU' restriction on textile imports from China has been one of the economic concerns in Sweden. Hennes and Mauritz (H&M), a major Swedish apparel chain, described the restrictions as damage to the free trade idea and observed irrationality in the implementation of such restrictions.
In the interview over the phone, Mr. Par Darj, Head of Investor Relations with the company, complained about EU's decision of setting July 12 the deadline for shipment of Chinese textiles in its final revi
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China's exports of denim fabrics substantially rose in the first half this year, according to official data that are reproduced below. Sales to Hong Kong's denim traders sharply increased while direct exports to Korea, Russia, Cambodia and India also soared. Prices were rising at the same time, in line with more value added content.
China's exports of cotton denim fabrics (HS 520942) were up 17.80% in volume terms in the first six months of the year to 193 million square meters.
Shipments eve
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After an agreement with the EU last month, Chinese exports of textiles and garments continued their steady rise in June and July as per figures released by China's Commerce Ministry.During the first seven months this year, China's outbound textiles and garment exports reached US $61.5 billion. More importantly, the rise was much above May figures this year for June and July.In June, as compared to same month last year, China's global textile and garment producers recorded 28 percent higher sales
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Barred Chinese clothing shipments are piling up at European ports, prompting warnings of retail stock shortages and higher store prices just weeks after the EU moved to stem an import surge deemed a threat to jobs.
Amid concern that the European import quotas are doing more economic harm than good, Brussels is facing growing calls for their relaxation, even from France ?one of the strongest supporters of the original textiles clampdown.
Unless the Chinese quotas are loosened, retailers are
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The manufacture of garments, or so called ready-to-wear apparel, for export is also the second leading dollar earner for the economy. It has been adding about $3 billion annually to the country? foreign exchange reserves. But it has the potential to boost its dollar earning capacity to double its present volume in the next ten years or in the next few decades.The Philippines used to be one of the ten leading suppliers of RTW apparel to the world? importing countries, including the U.S., where ov