1,023 articles in Markets · Clear
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Levi Straus results hit by US retail bankruptcy
Levi Strauss & Co said on Tuesday that its quarterly net profit fell by half due to recent bankruptcies by some of the jeans maker's U.S. customers, and weak performance of its Dockers brand.
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Pakistan textile exports decline sharply
Textile exports are not generating enough revenue for millers, causing an alarming decline in exports both in terms of value and quantity since exports peaked in 2006-07. Data collected from different...
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Daily Worldwide Cotton Market Report
Last night in New York futures market, May 2009 closed at 48.15 with a loss of 26 points with a volume of 17091 contracts traded, the July 09 closed at 48.98 with a gain of 25 points and the volume tr...
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U.S. Retail Sales Better Than Forecast
US retail sales in March offered a glimmer of hope to a beleaguered sector, with same-store sales posted by many chains exceeding earlier, gloomy expectations.
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J.C. Penney March same-store sales decline 7.2 pct
J.C. Penney Co. said Thursday same-store sales slid 7.2 percent in March, which was less than Wall Street expected. Analysts polled by Thomson Reuters forecast a 10.5 percent same-store sales dropoff.
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Egypt Lifts Safe Guard Measures on textile Imports
Egypt's minister of Foreign Trade and Industry, His Excellency Minister Rachid Mohamed Rachid, announced today the approval of allocation of 325 Million Egyptian Pounds (58 Million USD) to be used as...
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Dubai set to start cotton trade centre
The Dubai Cotton Centre (DCC) plans to start operations during the third week of April, following a three-month delay due to economic uncertainty, an executive told Reuters. The centre will be a redis...
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Grocery-aisle glamour
How did a clothing line launched by Loblaws become Canada's No. 2 brand? The creative mind behind Joe Fresh takes stock of its success—and the challenges it faces this year. In a mere three years, Joe...
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U.K. February Retail Sales Drop Four Times as Much as Forecast
U.K. retail sales tumbled more than four times faster than economists forecast last month after unemployment rose and the recession deepened. Sales plunged 1.9 percent from January, the biggest declin...
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Indian textile and clothing exports continue their decline
The Indian textiles sector, the country’s largest employer after agriculture, continues to take a pounding amid a worsening export performance. The bottomlines of Indian textiles and clothing (T&C) fi...
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41% decline in China Cotton imports
China's February imports of cotton has declined by 41% to reach 93K Tons as world demand of textile and apparel products has collapsed due to the World economic crisis.
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Textile ministry under pressure to rollback MSP of cotton
The textiles ministry and in turn the government of India is under tremendous pressure to rollback the hike in MSP of cotton prices. The reasons for which, are not far away to seek. The industry as a...
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Romania exports 80% of the textile output in 2008
About 80 percent of Romania's textile production was exported last year, according to the executive president of the light industry union FEPAIUS, Aurelientu Popescu. Romanian exports go mostly to Eur...
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AGADIR States move to protect exports to EU
Amid fears over declining European demand on ready made garments produced in AGADIR member states, Jordan has called on Egypt, Tunisia and Morocco, to attempt to stop the European Union cutting import...
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US retailers struggle to survive
As the global slowdown continues its relentless march stalking jobs and busineses on both sides of the Atlantic alike, the retail business is far from out of the woods, despite Wal-Mart's stellar perf...
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Tunisia's textile and clothing sector represents 20% of Tunisia exports
The Tunisian textile and clothing sector which represents 22 % of the country’s exports, occupies an important place in the country’s economy. To date there are 2,076 Tunisian companies operating in t...
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World Cotton Area to Continue Down in 2009/10
World cotton area is projected to continue declining for the third consecutive season in 2009/10. Decreasing cotton returns, more attractive prices for competing crops, and expected difficulties in fi...
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H&M Launches Home Textiles in Bid to Offset Fashion Slowdown
STOCKHOLM -- Fashion giant Hennes & Mauritz AB aims to offset slowing sales at its mainstream stores with its new online home-textile business, but in a sign of retailers' caution, the effort started...
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MAGIC trade show hemmed in by the economy
Selling trendy and affordable skinny ties was working for San Francisco's Chris Gorog of Revel Industries, but moving her pricier digitally printed silk dresses proved impossible for Jennifer Jennings...
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China's textile, clothing exports growth slows down
China sold abroad $185.1 billion worth of textiles and clothing (including yarn, fabrics, textile products, garments and accessories) in 2008, a growth of 8.2 percent on the previous year, the General...