Courtesy: HanesBrandsHanesBrands, a leading global marketer of everyday basic apparel under world-class brands, has earned an A- score and took a leadership position in the CDP 2018 Climate Change Report. The company scored in the top 6 percent of nearly 7,000 companies that participated in the most recent report and achieved the highest score in the apparel industry. Receiving nearly across-the-board scores in the A range, Hanes’ performance was also higher than the company’s reporting secto

India’s cotton yarn and fabric exports are struggling because of the duty disadvantage faced by the Indian exporters in major markets, pointed out the Confederation of Indian Textile Industry (CITI). There has been continuous decline in exports of cotton yarn and fabric during 2013-14 to 2017-18. Cotton yarn exports fell by 25 per cent during the period. "Indian spinning mills performed well in exports during 2013-14 when the cotton yarn was covered under schemes such as 2 per cent incrementa

Courtesy: PxhereIndia’s annual rate of inflation, based on monthly wholesale price index (WPI), eased to ten-month low of 2.76 per cent for the month of January 2019. The index for apparel rose by 1.3 per cent to 140.2 in January, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry. The official WPI for all commodities (Base: 2011-12 = 100) for the month of January 2019 declined by 0.7 per cent to 119.2 from the previous month’s

Researchers in the smart electronics and materials (SEMS) group in electronics and computer science and the synthesis, catalysis and flow group in chemistry at the University of Southampton are investigating a new technique for achieving light emitting textiles that could be used in future medical, performance sports, automotive, architecture and fashion materials. The project, funded by the United Kingdom’s Engineering and Physical Sciences Research Council, is formulating light emitting f

Courtesy: PRNewsfoto/UTIBTwo hundred and seventy five Turkish textile companies are participating in the ongoing Premiere Vision Paris and Texworld Paris international fashion fairs, according to Pinar Tasdelen Engin, president of the Uludag Textile Exporters' Association (UTIB), who said Turkey needs improvement in technical textiles, promotion and marketing, and branding. Engin, who heads the Turkish delegation to the fairs, said the Turkish textile and apparel sectors employ nearly a mill

The European Union (EU) has initiated the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. EBA preferences can be removed if beneficiary countries fail to respect core human rights and labour rights under the United Nations conventions. Member states gave their approval to the European Commission (EC) proposal to launch the withdrawal procedure at the end of January 2019, according to an E

Aust-Bangla Accessories Ltd, a renowned manufacturer of poly bags and gum-tape, will be investing $12.15 million in Bangladesh’s garment sector. It is among the twelve international companies that would together invest around $5.78 billion through foreign direct investment (FDI) in Bangladesh’s special economic zones (SEZs), generating 13,000 new jobs. All the 12 companies have signed agreements with Bangladesh Economic Zones Authority (BEZA) for land acquisition, according to Bangladeshi med

Courtesy: Levi Strauss & CoIn the fourth quarter of fiscal 2018, net revenue of Levi Strauss & Co went up 9 per cent on a reported basis and 11 per cent on a constant currency basis, which excludes $32 million in unfavourable currency translation effect. Full year net revenue of the company grew 14 per cent on a reported basis and 13 per cent on a constant currency basis. Net revenues related to the company's direct-to-consumer business grew 13 per cent for the fourth quarter and 18 p

Courtesy: HammersonMarks & Spencer is opening a new anchor store for Ravenhead Retail Park, St Helens. The full-line store will offer popular M&S ranges including the spring/summer 2019 must-haves across clothing and home, a foodhall stocking essentials and food ranges such as the new Plant Kitchen range, and a 64-seat M&S Café serving a selection of hot and cold drinks. Customers can also enjoy services including Click and Collect. This new signing means that Marks & Spencer

Courtesy: Goat GroupFoot Locker, Inc will be making a $100 million investment through its subsidiary in 1661, Inc also known as Goat, a managed marketplace for authentic sneakers operating the Goat and Flight Club brands (Goat Group). Over time, Foot Locker and Goat Group will combine efforts across digital and physical retail platforms to create exclusive customer experiences. The power of Foot Locker’s global footprint and Goat Group’s digital capabilities will enable the two companies to p