The rocketing price gains of recent weeks at Australian wool auctions took a breather during the week ending June 8, with price adjustments across the board both up and down. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) subsequently closed the week 16ac lower at 2011ac/clean kg, the Australian Wool Innovation Limited (AWI) said. “Very mixed buying patterns were seen, with export buyers committed to continuing their accumulation of all merino types 19.5 micron and broad

Formal wear brand Arrow plans to open 55 exclusive brand outlets (EBOs) and 250 shop-in-shops this fiscal to expand its operations in tier II and tier III cities across India and is targeting over 20 per cent year-on-year sales growth in the next four to five years. At present, there are over 250 Arrow EBOs and 1,000 shop-in-shops in multi-brands outlets in India. As the way people dress up for work is changing, three sub-brands within Arrow will meet that need, Sumit Dhingra, CEO of herit

The net revenue of Lululemon Athletica, an athletic apparel company, in the first quarter of 2018 has been recorded at $649.7 million, an increase of 25 per cent compared to the same period previous year. On a constant dollar basis, net revenue increased 23 per cent. Total comparable sales increased 20 per cent, 19 per cent on a constant dollar basis. For the reported period, gross profit was $344.7 million, an increase of 34 per cent compared to the first quarter of fiscal 2017. Gross prof

Several Vietnamese garment companies this year have maintained high growth in traditional markets, such as the United States, South Korea, the European Union (EU) nations and member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the Vietnam Textile and Apparel Association (VITAS). VITAS vice president and general secretary Truong Van Cam said a series of recently-signed free trade agreements (FTAs) is expected to boost the sector.

The Flipkart deal will ramp up Walmart’s global sourcing of apparel and accessories from India, according to Judith McKenna, the latter’s international CEO, who sees a lot of headroom for growth in the under-penetrated Indian e-commerce market. Flipkart’s operating structure will remain the same and Walmart will increase funding when necessary, she said. Walmart is fully cooperating with Indian regulatory agencies and is confident of receiving the nod for the Flipkart deal, McKenna told CN

Bruce Atherley, executive director of Cotton Council International (CCI), will take to the stage at the upcoming trade event #ICAHK18, which will be held on October 17 and 18, 2018, at the Grand Hyatt in Hong Kong. The event is expected to attract over 700 participants from more than 30 countries. Leading industry speakers will talk on latest cotton news. Atherley will deliver insights on ‘What’s New in Cotton?’ showcasing new ideas and innovations that are designed to inspire brands and r

Sri Lanka is reportedly hopeful of convincing India to remove the quota system for its apparel industry and instead wants a $500-million trade deal. The two sides are at present discussing, under the Economic and Technological Cooperation Agreement (ETCA), the existing system that is limited to sale of eight million garment pieces annually worth $30 million. Sri Lanka Apparel Exporters Association (SLAEA) chairman Felix Fernando told a top newspaper in Colombo that exhaustion of this year’

The duration of ITM 2020 exhibition has been extended to five days on the basis of intense demand from exhibitors and visitors and will be held from June 2 to 6, 2020, in Istanbul, Turkey. ITM is the largest textile technology show with a wide display of textile technologies, textile equipment and products, and textile related software and solutions. Being the address for world launches, the ITM 2020 exhibition will host exhibitors and visitors from around the world. The ITM 2018 exp

The new Vacuum Trash Cleaner (VTC) from Schlafhorst is an innovative unit for the Autocoro 9 rotor spinning machine by the Saurer group, a leader in machinery and components for yarn processing. VTC improves automated cleaning of the rotor spinning machine and increases its profitability. It also increases the raw material tolerance of the Autocoro 9. The spinning of recycled or coarse yarns generates a lot of fibre waste due to the high material through- put. The E3-optimised innovation c

Rick Helfenbein, president and CEO of the American Apparel & Footwear Association (AAFA) has criticized punitive US tariffs on imports of steel and aluminium from Canada, Mexico and the European Union (EU). Canada, the EU and Mexico are the three largest markets for exports of ‘Made in USA’ apparel. The first two are the top two markets for ‘Made in USA’ footwear. “To make this move against our closest allies, especially during the renegotiation of NAFTA, creates more difficulty and ch