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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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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

Under Armour cuts revenue forecast for North America

Sportswear maker Under Armour Inc has cut its full-year revenue forecast for North America, its... Read more

Rise in Welspun quarterly income

Welspun’s total income was Rs 1736.29 crores during the period ended June 30, 2019, as co... Read more

Sales of readymade garments to increase by 10.5 per cent

Revenues of readymade garment companies are expected to increase owing to a high domestic deman... Read more

Gokaldas quarterly income and profits increase

Gokaldas Exports’ total income was Rs 351.89 crores during the period ended June 30, 2019... Read more

Gap net sales down two per cent

For the first quarter Gap net sales were down two per cent compared to the first quarter of the... Read more

Cotton yarn exports from India decline during Apr-June 2019

The total export of cotton yarn from April 2019-June 2019 declined by 34.6 per cent to US$696 m... Read more

Global fashion accessories market to grow by 6.5 per cent till 2023

Global fashion accessories market is projected to grow at 6.5 per cent during the forecast peri... Read more

VF Corp Q1 revenues up six per cent

VF Corp’s first quarter revenues rose six per cent. Excluding acquisitions and divestitur... Read more

LVMH Q2 sales up 15 per cent

For the second quarter LVMH’s sales rose 15 per cent. For the six months to ending June, ... Read more

Viet Nam exports garments and textiles worth $18 billion

Vietnam’s garment and textile sector earned $18 billion from exports, an 8.61 per cent ye... Read more

Rising costs, protectionist policies top business challenges in 2019

A report from the US Fashion Industry Association lists, rising production and sourcing costs a... Read more

Dip in Lakshmi Maxhine Works quarterly income

Lakshmi Machine Works’ total income was Rs 480.55 crores in the period ended June 30, 201... Read more

Asos revenue upto June ’19 is up 12 per cent

For the four months upto June, Asos’ total revenue grew 12 per cent. UK retail sales rose... Read more

US opts for Indian products amidst trade tensions with China

Amid rising trade tensions, American importers of sports goods, toys, stationery, cables and el... Read more

Fall in Sangam net sales

Sangam has reported net sales of Rs 464.74 crores during the period ended June 30, 2019, as com... Read more

Q1 sales of German textile and clothing companies increase by 2.5%

German textile and clothing companies have made 2.5 percent more sales in the first quarter of ... Read more

Destination Maternity cuts jobs to save costs

Destination Maternity has initiated job cuts which would generate cost savings of $4 million to... Read more

Canton Fair Brand Zone achieves trade volume of $8.56 million

The 125th exhibition of Canton Fair Brand Zone (Canton Fair or "the Fair") has achieved a trade... Read more

Pakistan textile exports decline by 0.09%

According to the data published by the Pakistan Bureau of Statistics (PBS) indicated that the c... Read more

Nike fourth quarter revenue rises 10 per cent

For the fourth quarter Nike’s revenue rose from nine per cent to ten per cent. In North A... Read more

KappAhl’s Q3 sales decline by 3.3 per cent

Sales of KappAhl have slumped by 3.3 per cent in Q3 due to a decrease in the women’s wear... Read more

Seraphine sales and profits soar as international sales prove key

UK-based maternity-wear specialist Seraphine has reported soaring sales and profits for the 12 ... Read more