American variety store chain Dollar General Corporation has posted a 11.1 per cent increase in net sales to $9.5 billion in the third quarter (Q3) of fiscal 2022 (FY22), ended October 28, compared to $8.5 billion in the third quarter of FY21. The company’s same-store sales increased 6.8 per cent compared to Q3 FY21, driven by an increase in average transaction amount and a modest increase in customer traffic.Gross profit as a percentage of net sales was 30.5 per cent in the third quarter of FY22

China’s major manufacturers of leather, fur, feather, and related products, along with footwear recorded a combined business revenue of 930.74 billion yuan (around $131.94 billion)—a 1.9 per cent year-on-year growth, reflecting a stable expansion during the period, as per data from the nation’s ministry of information technology.During the first 10 months of 2022, firms from China’s leather and related industries earned total profits of 47.7 billion yuan, which is a 2.7 per cent year-on-year (Yo

South India’s cotton yarn market was optimistic today as buying improves due to the ongoing wedding season. Cotton yarn prices of some counts and varieties rose in Mumbai. Tiruppur did not witness any price rise, but traders expect higher trade and better liquidity. Cotton prices were also high because of strong futures and limited arrival.Cotton yarn prices in the Mumbai market witnessed an increase of ₹3 per kg for 60 and 44 counts. Improved buying supported cotton yarn and other items in the

Logistics networks in China mostly stayed resilient in November this year with major enterprises witnessing stable freight volume growth, said China Logistics Information Centre analyst Hu Han, while cautioning against the impact of COVID-19 as outbreaks in some major cities in late-November disrupted logistics services and brought down expressway traffic.A survey of some national logistics companies showed that their railway, road and waterway freight volume increased by 1 to 2 per cent month o

World-renowned brands with sustainable offerings have confirmed their participation at the Spring Edition of Intertextile Shanghai Apparel Fabrics 2023. The fair is expected to gather nearly 2,500 exhibitors to over 160,000 sqm of floor space at the National Exhibition and Convention Center, Shanghai from March 8–10, 2023.“Several key indicators are pointing towards market recovery, and the early commitment of some of the international textile industry’s key players is another promising sign. As

In the third quarter (Q3) of 2022, the Group of 20 (G20) merchandise trade data showed first signs of slowdown, as the merchandise trade fell for the first time in two years in value terms, as per the Organisation for Economic Co-operation and Development (OECD). G20’s exports and imports shrank by 1.3 per cent and 1.1 per cent, respectively in Q3 of 2022.Following several quarters of sustained growth, leading commodity traders in the G20 saw a decline in merchandise exports, partly reflecting c

South India’s cotton yarn prices remained stable today despite a fall in the prices of the natural fibre. According to trade sources, demand was not supportive, and regular but limited buying was unable to support market sentiments. Fearing losses, buyers were discouraged after cotton prices fell. Disparity and unstable market conditions are the main causes for concern for the value chain.The Mumbai market was stable as buyers remained absent. “Handloom owners were not interested in buying as th

China’s exports of textiles, apparel and clothing accessories increased to $273.246 billion in the first ten months of the current year, registering a growth of 6.64 per cent year-on-year. The latest monthly data released by the General Administration of Customs of China shows that the country’s garment exports grew by 6.4 per cent in the same period.Garments and clothing accessories exports reached $147.586 billion in the first ten months, which was 6.4 per cent higher than the same period of l

Europe’s apparel imports from China have been falling since July-September 2021, but the pace of decline increased in April-June quarter of this year. The trend is reflecting the economic challenges faced by Europe due to the Ukraine war after the disastrous pandemic. The imports came down to $6.089 billion in Q3 2022 from $11,326 billion in Q3 2021.Europe’s imports from China of $11.326 billion in the July-September 2021 quarter were the highest in the last six quarters. They spurted in April-J

China’s fabric exports to the US have been declining since June 2022. Monthly exports came down to $78.897 million in September this year. It is believed that the country is losing market share due to the US’ ban on cotton originating from Xinjiang. However, China’s exports to Australia have remained stable, reaching $18.312 million in September 2022.The monthly exports of fabrics from China to the US was worth $120.755 million in June 2022, which slipped to $110.803 in July, $93.408 million in