Sri Lanka's garment industry is targeting higher-end Chinese consumers, with total apparel exports to China growing twenty-fold — from US$0.7 million in 2010 to US$15 million in 2012. In China, a new market has emerged for top quality local brands, Sri Lanka's Joint Apparel Association Forum (JAAF) said in a statement, adding: "The high level of GDP (gross domestic product) growth and rising per capita income has widened the middle class there." Sri Lanka's entry into China has two tracks,

Vietnam's textiles and garments exports in the first half of this year earned 9 billion USD. The figure was reported at a press conference held Tuesday in Hanoi by the Vietnam National Textile and Garment Group (Vinatex). The US is currently Vietnam’s biggest market for textiles and garments, worth 4 billion USD, followed by the EU, Japan, and South Korea. The strong result reflects the growing competitiveness of Vietnamese products in the world market. Workers in a textile c

China's exports in June unexpectedly declined, adding to the slowdown in the world's second-largest economy as the new leadership strives for economic transformation and upgrading. Meanwhile, a decrease in imports in June suggested little improvement in domestic demand amid credit tightening and manufacturing overcapacity. Exports in June dropped 3.1 percent from a year earlier to $174.32 billion, the most since October 2009, while imports edged down 0.7 percent year-on-year to $147.19 bil

Uniqlo's Nanjing Road West Store in Shanghai | Source: Fast Retailing Fast Retailing Co., Asia’s biggest clothing retailer, reported third-quarter operating profit below analyst estimates amid more discounts at its domestic outlets. Operating profit for the three months ended May was 27.4 billion yen ($277 million), according to Bloomberg calculations derived from results provided by the Yamaguchi based casual clothes maker in a stock exchange statement today. That was below the average es

Arc’teryx Bozeman Ice Climbing Festival | Source: Arc’teryx Makers of outdoor goods from ski jackets to tents and walking trousers are using international expansion, fashionable new products and the financial clout and expertise of big investors as they battle a slowdown in Europe. The market for outdoor goods has expanded rapidly over the last decade, with growth rates often reaching 10 percent, as people spend more time in the hills and mountains to get away from the stress of work and k

Textile Raw Material Price 2013-07-12 Item Price Unit Fluctuation Date Oil WTI 106.52 USD/Barrel 3.48 2013-07-12 PX 1439 USD/Ton 27 2013-07-12 PTA Buy 7750 RMB/Ton 20 2013-07-12 PTA Sell 1060 USD/Ton 0 2013-07-12 MEG Buy 7400 RMB/Ton 30 2013-07-12 MEG Sell 1015 USD/Ton 10 2013-07-12 CPL Buy 18100 RMB/Ton -50 2013-07-12 CPL Sell 2345 USD

Spanish fast-fashion brand Zara is making waves in India. As per a recent survey, its average sales per store soared much above other top apparel brands to be at par with the country's largest jewelry chain Tanishq. With annual sales of Rs 405 crores, each of Zara's nine stores in the country on an average made Rs 45 crores last fiscal, over six times more than the country's largest apparel brand Louis Philippe and a tad higher than the country's largest department chain Shoppers Stop. No wonder

Mian Ajmal Farooq, Chairman All Pakistan Textile Processing Mills Association (APTPMA) expressed satisfaction over the recent visit of China by Prime Minister of Pakistan, Nawaz Sharif and said that the completion of all MoUs and agreements would open news ways of friendship for both countries. Chinese investment of billions of rupees would come into the country, and help resolve the severe energy crisis and problems of the industry and traders. Because of the energy crisis and other problems

Income from exports of jute and jute products again crossed the US$ 1.0-billion mark in the just-out fiscal as new markets did well, official data showed. The exports first hit the billion-dollar mark in 2010-11 financial year (FY). Exporters and officials said earnings from jute and jute goods registered a remarkable growth following increasing demand for natural fibre-made products across the world. Data from the Export Promotion Bureau (EPB) said the country's earnings from the jute and jut

The 14th China (Yiwu) International Exhibition on Hosiery, Knitting, Dyeing and Finishing Machinery and the 3rd China (Yiwu) International Exhibition on Automatic Garment Machinery and Sewing Equipment which will take place between the dates of 19-22 November, 2013 concurrently will present new opportunities for participants who want to expand their activities in the field of textile. It is expected that the 3rd China (Yiwu) International Exhibition on Automatic Garment Machinery and Sewing Equi