Workers of Gia Dinh Textile and Garment Corporation make clothes for export. The nation's textile and garment industry will potentially fulfill the export turnover goal of US$19.5 billion this year. — VNA/VNS Photo Thanh Vu The textiles and garments industry is approaching its US$19.5 billion export target for this year after receiving sufficient orders to meet the goal, according to Le Tien Truong, vice chairman of the Viet Nam National Textile and Garment Group (Vinatex). Viet Nam's tot

Cotton prices in India are expected to continue to rise this week as well on good demand from local millers and yarn exporters amid thin domestic supply, while a fall in the local currency also seen aiding sentiment. Supplies have declined sharply in the domestic market as the season has drawn to a close and farmers are busy in the new planting season with just around 15,000 bales of 170 kg each coming into the market, traders said. "Demand for yarn is very good from European countries and C

Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said exports of garments and textiles, which make up the bulk of Cambodia’s output in the global economy, were up by almost a third in terms of value in the first six months of this year. AKP cit

U.S. spinning mills have increased their sales of yarn to China almost fivefold this year, taking advantage of voracious demand from the world's largest textile market where clothes makers are struggling to source low-priced cotton. Spying an opportunity to boost profits after being roiled by historically high prices for cotton and a sluggish domestic retail market, U.S. mills, including Frontier Spinning Mills, one of the country's largest, have ramped up sales to China, mills said. Mills i

Textile Raw Material Price 2013-07-09 Item Price Unit Fluctuation Date Oil WTI 101.13 USD/Barrel 0.1 2013-07-09 PX 1428 USD/Ton -10 2013-07-09 PTA Buy 7660 RMB/Ton 0 2013-07-09 PTA Sell 1058 USD/Ton 0 2013-07-09 MEG Buy 7280 RMB/Ton 80 2013-07-09 MEG Sell 985 USD/Ton 12 2013-07-09 CPL Buy 18150 RMB/Ton -50 2013-07-09 CPL Sell 2350 USD/T

Burberry is bucking any economic woes in the luxury market through its strong sales of accessories and beauty products. The British luxury brand, which this season has high profile actress Sienna Miller and her fiancé Tom Sturridge as its newest faces, is seeing growing sales outside its core clothing division, with men in China driving a boom in male accessories. The company, which was founded by Thomas Burberry in 1856, is also focusing on increasing the size of its fragrance and beauty divi

American Apparel announced it preliminary sales for the month ended June 30, 2013 with total net sales of 55.9 million dollars, an increase of 7 percent over June 2012. Comparable sales for June 2013 increased 7 percent, including a 5 percent increase in comparable store sales in the retail store channel and a 22 percent increase in net sales in the online channel. Wholesale net sales increased 16 percent for the month. For the quarter ended June 30, 2013, total net sales increased 9 percent to

This September Topman and Topshop will launch into Germany within department store Karstadt, with a similar ‘shop-in-shop’ partnership that it has with Nordstrom in America. The British fashion retailers will open within Karstadt’s premium stores KaDeWe Berlin and Oberpollinger Munich, as well as at the Karstadt flagships in Düsseldorf and Hamburg. Each department store will house two 150 square metre ‘shop-in-shop’ concepts for Topshop and Topman offering a wide range of both brands collections

In the US pricing for paraxylene (PX), a major polyester feedstock, has declined modestly since mid-February, mimicking crude oil prices, according to Great American Group analysts. Similar to cotton, Asian markets largely determine pricing on the world scale. As a result, low demand from the Far East has resulted in price declines. However, information gathered by the Textiles and Apparel Monitor, has revealed that many traders do not foresee prices continuing on a downward trajectory, wi

The egotistical attitude adopted by the government with regard to the GSP plus concession has had a devastating effect on the local garment industry – once a thriving export earning sector. According to those engaged in the industry, today only about 25% of the garment manufacturers are there in comparison to the year 2000. Despite the government’s claims that the loss of GSP+ would not affect the garment industry, many factories have been forced to close down, while thousands of employees ha