1,023 articles in Markets · Clear
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Indonesian Textile Sector May Recover Soon
Exports of Indonesia's textile industry suffered a contraction in the first quarter this year but at a slower pace than in the previous quarters, bringing hopes of a recovery in the next quarters, an...
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China's Q1 Textile Industry Profit Growth Hits 24.4%
China's textile and clothing industry recorded improved profit growth in the first quarter of 2009, which hit 24.4 per cent, up from the 17.6 per cent in the January-February period, according to stat...
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China`s textile and garment exports continue to face four serious challenges
The report recently issued by the General Administration of Customs points out that China's textile and garment exports will continue to face four serious challenges like poor demand in overseas marke...
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Egypt's Oriental Weavers Q1 net income rises 14 pct
Egypt's Oriental Weavers (ORWE.CA), the world's biggest machine-woven carpet producer, posted a 14 percent rise in net income before minority interest to 107 million Egyptian pounds ($19 million) on h...
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China cuts inspection fees on textile exports
China is cutting customs inspection fees on textile exports this year in a move to help the sector, which is a big provider of jobs, the Ministry of Finance said on Thursday. Fees on textiles exported...
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World cotton stocks to shrink
U.S. and world ending stocks for cotton are expected to shrink in 2009-10, according to USDA’s first assessment of U.S. and world supply and demand for the new marketing year.In its May 12 World Agric...
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UK April clothing sales strongest since 2006
Retail like-for-like sales rose 4.6% in April, with clothing showing the strongest growth since late 2006, according to the British Retail Consortium (BRC). Total retail sales were up 6.3% over the mo...
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Morgan Stanley sued by GISAD Turkey
Turkey’s sixth-largest export company, GİSAD, files a 200 million euros lawsuit against USbanking giant Morgan Stanley. The Turkish firm claims Morgan Stanley wanted to ’create chaos’ by asking for so...
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Indian textile exporters target Japan and South African markets
Indian exporters are planning to counter demand contraction in key markets like the US and Europe, Indian textile exporters are exploring alternative markets like Japan, South Africa and Latin America...
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Pakistan is demanding Free market access to US market
Pakistan private sector Tuesday urged US President Barack Hussein Obama to announce direct market access to Pak products on zero rate duty while meeting with President Asif Ali Zardari to help stabili...
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US Cotton prices jumps amid plans for lower US cotton planting
Cotton prices yesterday hit a six-month high - up 8.5 per cent this year - as speculators gave more weight to news of lower planting intentions in the US on the back of dismal demand from the textile...
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Apparel maker VF's 1st-qtr profit falls one-third
Shares of apparel maker VF Corp. fell after hours Tuesday after the company painted a bleaker picture of the fall and remainder of the year than investors were hoping for, cutting its revenue and earn...
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Jones Apparel to Close 225 Stores
Jones Apparel Group on Wednesday reported a year-over-year decline in Q1 revenues of 8.6% to $891 million, and announced that it plans to close 225 stores in 2009 and 2010. The company did not identif...
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DOMOTEX Middle East 2009 prepares to address expected rise in demand in Egypt
DOMOTEX Middle East 2009, the only dedicated carpets and floor coverings exhibition in the MENA region, has announced that aggressive construction spending in Egypt, which has been estimated to increa...
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Credit crunch effects Jordan apparel exports
Around 90 per cent of the industrial sector in the Kingdom is encountering difficulties in obtaining credit facilities due to banks’ strict lending policies, according to Jordan Chamber of Industry Di...
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China announces textile stimulus plan
China's State Council, or cabinet, Friday unveiled a detailed, three-year support plan for the textile industry.The Council said the plan was intended to ensure stable development in the industry and...
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Tesco profits soar despite fall in clothing sales
UK retail giant Tesco has posted annual underlying profit of GBP3.23bn (US$4.7bn), up 10% for the 53 weeks ended 28 February 2009, but saw clothing sales fall 2% in the same period. Tesco maintained t...
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Importers criticise new apparel monitoring moves
A US apparel group has condemned a clause in the 2009 appropriations bill that could lead to monitoring of apparel imports from China and Vietnam. The bill includes language that allows the Commerce D...
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Gap March sales down 6%
Gap Inc reported its March sales were down 6 percent and comparable stores sales down 8 percent.
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Gap March sales down 6%
Gap stated net sales of $1.29 billion for the five-week period that ended April 4, 2009 compared with net sales of $1.37 billion for the five-week period that ended April 5, 2008. The company’s compar...