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China’s textile industry in doldrums as demand products decline

China’s textile industry in doldrums as demand products decline

"The Sino-US trade war has dealt a heavy blow to the Chinese economy which is on a continuous decline. The textile and garment industry is also facing rough weathers due to the closure of several production units across the country. As official statistics by China Customs reveal, China’s total import and export v... Read more

Increasing bottom lines in FY19, Indian companies plan new strate…

Increasing bottom lines in FY19, Indian companies plan new strategies for growth

"FY 2019 has been a mixed year for Indian textile companies. For smaller companies like Morarjee Textiles, Bombay Rayon Fashions, Mafatlal and JCT, it was a challenging year as their quarterly earnings slipped below given estimates. However, for bigger companies like Arvind Mills, Raymond, Vardhman Textiles and Grasim ... Read more

Macro slowdown forces investors to focus on company strategies

Macro slowdown forces investors to focus on company strategies

"Over 150 consumer-oriented public and private companies will make presentations before investors, analysts, traders and executives in Orlando, Fla at the 21st annual ICR Conference. However, before these presentations, companies including Urban Outfitters, American Eagle Outfitters, Lululemon Athletica, and Abercrombi... Read more

Kering, Adidas rank high in McKinsey’s latest Global Fashion Inde…

Kering, Adidas rank high in McKinsey’s latest Global Fashion Index

"In its ‘Global Fashion Index,’ McKinsey ranked the top fashion companies across the world by economic profit during the first nine months of 2018. According to the report, the global fashion market is dominated by 20 companies which account for 97 per cent of global economic profit in the retail sector. Th... Read more

Gap Inc faces challenging times ahead

Gap Inc faces challenging times ahead

"Following a strong industry retail report of growth of 6.6 per cent and 6.4 per cent in June and July versus the previous year, and stellar results posted other leading like Urban Outfitters, much was expected from the company Gap Inc. However, the performance of the brand Gap left much to be desired. Gap Inc’s ... Read more

Facing financial pressures, is Alok Industries on the verge of cl…

Facing financial pressures, is Alok Industries on the verge of closure?

"Alok Industries, one of the most formidable players in Indian textile space, has been reeling under financial pressure and may soon be declared bankrupt if the dues aren’t paid. The current 270-day deadline for resolution set under the insolvency code is already over and the company management is trying to get s... Read more

India’s denim segment to witness slowdown in FY18: Ind-Ra study

India’s denim segment to witness slowdown in FY18: Ind-Ra study

"India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to witness deterioration in credit profile in the absence of improvements in realisations in FY18, says a recent report, ‘Stable Input Prices, Fiscal Incentives to Support Textile and Cotton in FY18’, b... Read more

Gap Inc registers satisfactory Q4 performance

Gap Inc registers satisfactory Q4 performance

"Gap Inc’s fourth quarter profits increased 3 per cent to $220 million, or 55 cents a share, and sales rose 1 per cent to $4.43 billion. Its fourth quarter same-store sales were up 2 per cent, compared with a decline of 7 per cent in the same period last year, and same-store sales for the year fell 2 per cent, co... Read more

Aditya Birla Group planning another round of rejig

Aditya Birla Group planning another round of rejig

"The $41-billion Aditya Birla Group is planning another round of corporate reorganisation to unlock value and beef up the balance sheet, after consolidating its garments business into a single entity last year according to market sources, media reports suggest."   The $41-billion Aditya Birla Gro... Read more

China’s dyestuff companies less prosperous than printing and dyei…

China’s dyestuff companies less prosperous than printing and dyeing

"China came out with the 2016 Q1 report of listed printing and dyeing companies recently. The weighted average operating revenue of five representative listed companies reached 362 million Yuan, up 14.89 per cent year on year and net profits scored at 21 million Yuan, up 4.76 per cent year on year. For 6 representative... Read more

 
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HOW TEXTILE RECYCLING WORKS

Grasim Q2 revenue up three per cent

In the second quarter Grasim Industries revenue grew three per cent. Ebitda grew seven per cent... Read more

Burberry profit up 11 per cent

For the first half of the year, Burberry’s profit increased by 11 per cent. After remodel... Read more

Global Fashion Group sales up 22 per cent

Sales of the Global Fashion Group have risen 22.8 per cent in the third quarter. Net merchandis... Read more

Fall in Nandan Denim’s September sales

Nandan Denim’s net sales were Rs 393.29 crores during the period ended September 30, 2019... Read more

Global Fashion Group sales up 22 per cent

Sales of the Global Fashion Group have risen 22.8 per cent in the third quarter. Net merchandis... Read more

Iconix Q3 revenues down 23 per cent

For the third quarter revenues of Iconix decreased by 23 per cent. For the nine months ending S... Read more

Michael Kors Q2 revenue up nine per cent

Michael Kors’ revenue increased 9.3 per cent in the second quarter. Retail revenue was ap... Read more

Profit shares extend for Garware Technical Fibres by 40.5 percent

Garware Technical Fibres Ltd, a leading manufacturer of technical textiles for the Indian and g... Read more

Salvatore Ferragamo releases Consolidated Interim Report

Salvatore Ferragamo, one of the global leaders in the luxury sector, in a meeting chaired by Fe... Read more

Kontoor Brands’ revenue down nine per cent

Kontoor Brands’ revenue for the third quarter decreased nine per cent year-over-year. It ... Read more

Century Textiles September sales rise

Century Textiles’ Q2 net sales were Rs 889.72 crores, as compared to Rs 884.71 crores dur... Read more

CAI Predicts Domestic Cotton Production for 2019-20 at 354.50 Lakh Bales

The Cotton Association of India (CAI) has envisaged a 13.62 percent hike in the cotton producti... Read more

Adidas expects sales to increase by 8% in 2019

Adidas expects its sales to increase at a rate of between 5 percent and 8percent on a currency-... Read more

Fall in Sutlej Textiles September sales

Sutlej Textiles’ net sales were Rs 643.90 crores during the period ended September 30, 20... Read more

Rise in September Trident net sales

Trident’s net sales were Rs 1346.55 crores during Q2 (period ended September 30, 2019), a... Read more

eBay’s Q3 fall below Wall Street Estimates

The current-quarter revenues of eBay’s fell below the estimates of the Wall Street as the... Read more

Welspun Q2 profit up 66 per cent

Indian home textile major Welspun’s second quarter net profit jumped 66.5 per cent. The c... Read more

Mexico apparel exports decline 9.9 per cent in 10 years

Latest World Trade Organisation (WTO) data indictes, clothing exports from Mexico declined by 9... Read more

Buyers to increase Bangladesh sourcing in 2019

According to recent study by the US Fashion Industry Association (USFIA), despite slipping to t... Read more

Fast Retailing’s brand GU’s profits up 75 per cent

GU’s profits have jumped 75 per cent compared to last year. Fast Retailing, based in Japa... Read more

Mukesh Trends to go public

Mukesh Trends Lifestyle is filing for an IPO. The IPO issue size will be between Rs 70 to Rs 90... Read more

Nike Q1 revenues up seven per cent

For the first quarter Nike revenues rose 7.2 per cent. Gross margins rose to 45.7 per cent. In ... Read more

India’s RMG exports decline

The Tirupur Exporter’s Association has revealed that the exports of readymade garments fr... Read more

US-China trade war results in currency devaluation

The trade war between the United States and China has resulted in the historic devaluation of v... Read more

Nigerian Verod and Red Bull invest in US-based DTRT Apparel

Nigerian investor Verod Capital Management and energy drink company Red Bull have invested in W... Read more

Le Tote to buy Lord & Taylor for 100 million

Le Tote, a clothing rental subscription company, has reached an agreement with the Canadian dep... Read more

Revenues of PVH, Tommy Hilfiger to increase, Calvin Klein to decrease

As per its 2019 guidance for brands, PVH Corp’s 2019 earnings per share are projected to ... Read more

L Brands’ half yearly revenue down one per cent

For the first half of the year L Brands’ revenue fell 1.4 per cent. The group is the owne... Read more

India’s NITMA takes to the media to highlight financial crisis

The Northern India Textile Mills Association (NITMA) has highlighted the worst financial crisis... Read more

Kitex Garments aims for Rs 2,000 crore turnovers by 2025

As a part of its Vision 2025, Kerala-based Kitex Garments, the third-largest infant garment bra... Read more

Taiwanese brand Baosheng’s July sales up 21 per cent

Baosheng’s July sales increased by 21.9 per cent. For the seven month period to July sale... Read more

Cambodia approves 153 investment projects

In the first half of this year, the Council for the Development of Cambodia approved 153 invest... Read more

Fall in Nahar Spinning Mills Q1 income

Nahar Spinning Mills’ total income was Rs 537.57 crores during the period ended June 30, ... Read more

Century Textiles Q1 profit up 11 per cent

For the first quarter, Century Textiles and Industries’ net profit rose 11.06 per cent. T... Read more

Oerliken manmade fibers increases Q2 sales by 18.5%

The Manmade Fibers Segment or Oerliken succeeded in sustaining its high level of performance &n... Read more

Vietnam’s apparel exports to increase by 10.8 per cent

As per Vietnam Textile and Apparel Association (VITAS), the country’s exports of textile ... Read more

Lenzing revenue up one per cent

Lenzing’s revenue increased by 1.2 per cent in the first half of 2019. The share of speci... Read more

Sports Direct buys UK fashion chain

Sports Direct, owned by retail entrepreneur Mike Ashley, has bought UK fashion chain Jack Wills... Read more

Garware sales down four per cent

For the first quarter Garware Technical Fibers net sales decreased by 4.9 per cent. Profit befo... Read more

Adidas revenues up four per cent

Adidas’ revenues increased four per cent in the second quarter. This was driven by a 37 p... Read more

Sutlej Textiles reports quarterly rise income

Sutlej Textiles and Industries’ total income was Rs 666.89 crores during the period ended... Read more

US jeans imports from China decline 10.44 per cent

Import of jeans by the United States from China declined by 10.44 per cent in the first six mon... Read more

Indo Rama Synthetics (India)’s Q1 net revenues increase

Bet revenues of Indo Rama Synthetics (India) increased to Rs 533.33 crore in the first quarter ... Read more

Fall in Trident’s quarterly income

Trident’s total income was Rs 1318.51 crores during the period ended June 30, 2019, as co... Read more

China's garment sales rise in H1

As per the Ministry of Industry and Information Technology (MIIT), sales in China's garment ind... Read more

‘No gain from the US-China trade war’, says VITAS Chairman

Vu Duc Giang, Chairman, Vietnam Textile and Apparel Association (VITAS) says that contrary to w... Read more

Coats revenues down three per cent

Coats’ revenues fell three per cent in the first half of the year. Operating profit grew ... Read more

Sale of Made-in-Italy textile outperform expectations

In an economic report released during the Milano Unica 29, Confindustria Moda’s Research ... Read more