Bangladesh's garment exports to the US increased slightly in the first nine months of 2016, according to data from the US Department of Commerce. Between the months of January and September, $4.32 billion worth of garment items were shipped to the US, up 0.32 percent year-on-year. However, garment import by the US dropped 6.25 percent year-on-year to $80 billion during the period. Among the top 10 garment exporters to the US, only shipments from Bangladesh and Vietnam increased slightly

Export earnings bounced back in October thanks to higher shipment of garment items, according to data from the Export Promotion Bureau. Bangladesh fetched $2.71 billion from exports in October, which is 14.39 percent higher than the earnings in the same period a year ago and 2.84 percent higher than the monthly target. Earnings from the garment exports have been rising mainly due to increased efficiency in productivity and increased volume of value-added garment items, said Siddiqur Rahman

In the third quarter ended September 30, 2016, sales dropped 13.4 per cent to CHF 549 million as against CHF 634 million in the same quarter of 2015 at Switzerland based Oerlikon Group. At constant exchange rates, sales stood at CHF 544 million in the reporting quarter, while orders in the quarter dipped 6.1 per cent year on year to CHF 572 million. EBITDA also fell lower at CHF 81 million, or 14.7 per cent of sales in the three months to September 30, 2016 compared to CHF 111 million and 17.

Hermes confirmed stronger-than-expected global demand for luxury goods on Thursday, joining industry leader LVMH and Gucci owner Kering in outshining third quarter results forecasts. A sales rebound in the Chinese mainland, improvements in Hong Kong, a British surge thanks to a weaker pound and relative US resilience despite the stronger dollar have all lifted luxury stocks including LVMH, Kering, Hermes, Richemont, Burberry and Hugo Boss in the past month. The luxury goods sector is tradi

Commerce minister Tofail Ahmed said the government has set $5 billion export target of leather and leather goods by 2021.‘The government has decided to provide financial assistance for the export of leather and other products to attain the target of $60 billion export by the golden jubilee of the country’s independence,’ he added. The minister was addressing the opening ceremony of the fourth edition of the three-day Leather Tech Bangladesh-2016 as the chief guest in city’s International Conv

German sportswear group Adidas on Thursday reported a jump in third-quarter profits, lifted by a surge in sales of its own-brand trainers and apparel. The Bavarian company, which sponsors English Premier League giants Manchester United, also confirmed its improved outlook for the year, bolstered by high-profile sponsorships during the Euro 2016 football tournament and the Rio Olympics, as well as collaborations with big names like Kanye West. "2016 will be a record year for the Adidas grou

US recycled yarn manufacturer Unifi's net sales in the three months ended September 25, 2016 at $160.0 million were nearly flat over the first quarter of fiscal 2016, with net sales impacted by a dip in raw material prices. Volumes rose 11 per cent, driven by strong PVA performance in Asia and Brazil, offset by weaker sales in the US domestic market. In the first quarter of fiscal 2017, operating income rose 30 per cent from a fiscal ago period to $12.6 million, while operating margin expande

India’s spun yarn exports in September 2016 declined 30.2 per cent in volume terms while it was down 24.3 per cent in value terms. The average per unit realisation was down US cents 3 a kg from previous month and up US cents 24 a kg as compared to September 2015. China’s yarn imports from Vietnam surged 34% in September from a year earlier whereas Indian shipments to China were down 56%, and imports from Pakistan have lost 30%. In September 2016, 84 countries imported spun yarn from India

Giang spoke yesterday in Ha Noi at a conference themed "Strengthening the supply chain in the ASEAN textile sector towards sustainable development." Viet Nam has targeted an export turnover of US$29 billion this year, $2 billion higher than 2015, Giang said, adding that there were more than 6,000 textile and garment businesses operating in the country, creating stable jobs for more than 2.5 million workers. "The country is the largest exporter of textiles and garments in the region. This p

Strengthening the supply chain in ASEAN textile sector towards sustainable development was the focus of discussion at an international conference in Hanoi on November 1. The event was part of the meeting of the ASEAN Federation of Textile Industries 2016 (AFTEX) hosted by Vietnam. President of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang highlighted the strategic role of Vietnam’s textile and apparel in the bloc, saying that Vietnam tops ASEAN countries in apparel expor