The exports of readymade garments, pashmina and woolen carpets from Nepal have shown double-digit decline during the first ten months of the current fiscal year, which began on July 16, 2012, according to Nepal’s central bank – Nepal Rastra Bank – statistics. Nepal’s garment exports to third countries (except India) fell down by 27.9 percent year-on-year to Np Rs. 2.5 billion, during the first 10 months of 2012-13 period, Republica reported. Nepal?s apparel exports are seeing a negative gr

The textile and garment sector is working to get itself in shape for brighter horizons. The Ministry of Industry and Trade is drafting the textile-garment industry development planning to 2020, with vision towards 2030 for submission to the prime minister for approval. This plan will see landmark changes compared to the previous plan approved by the government via Decision 36/2008/QD-TTg in 2008. In the new planning, the sector envisages an export value of $31-$32 billion by 2020, w

The China National Garment Association said on Wednesday that apparel sales in May rose 6.6 percent year-on-year, 5.5 percentage points faster than a month earlier. So strong are the inventories, the association said, that if all the garment factories closed there would be enough for three years. The China National Textile and Apparel Council cited two reasons for the high inventories. First, Chinese clothing brands have developed too fast in recent years and the purchasing power of poten

ICE cotton closed down on Wednesday in its longest string of one-day losses in more than two weeks, as long liquidation continued and rains in Texas eased concerns over supplies in the United States, the world's top exporter. The benchmark December cotton contract on ICE Futures US settled down 0.72 cent, or 0.8 percent, at 86.60 cents per lb. "We're in this summer weather market. There was some rain in Texas, which is certainly substantial," said a US trader. The top growing state in t

The wool market has held steady this week, with the benchmark Eastern Market Indicator unchanged, closing yesterday at 1070c/kg. While sales are today under way in Sydney and Melbourne, yesterday across the board most categories lifted according to Australian Wool Exchange statistics. The biggest rises were seen in the north, where good quality fine wools saw the 16.5-micron category jump by 16c/kg and the 17.5-micron by 18c/kg. The 19.5, 20 and 22-micron categories in the south lost from

HSBC China Flash PMI fell to a nine-month low of 48.3 in June. This was below expectations for a marginal decline to 49.1, from 49.2 in May. A reading below 50 indicates contraction. “The HSBC China Flash Manufacturing PMI dropped to a nine-month low of 48.3 in June, following on the sequential reduction in both production and demand, wrote HSBC's Hongbin Qu in a press release. "Manufacturing sectors are weighed down by deteriorating external demand, moderating domestic demand and

Armani Fall – is the new face of fall 2013 campaign. The Italian model replaces Saskia de Brauw who fronted the brand last season. lensed Mariacarla with a curly mane in a pair of wide-legged pants and a tailored jacket from Armani’s autumn collection. Source: Fashion Gone Rogue.

Wild for Juicy –Here'sa full look at the fall 2013 campaign from Juicy Couture. The advertisements star Edita Vilkeviciute and Andreea Diaconu laying about in a rock ‘n’ roll themed set which is appropriate considering the autumn collection’s bohemian inspiration. The girls were photographed by Inez van Lamsweerde and Vinoodh Matadin in Los Angeles, California, with styling by Carlyne Cerf de Dudzeele. Check out the official campaign video below made with art direction by Roi Elfassy and Matthew

H&M Group’s sales including VAT increased in local currencies by 5 percent during the first six months of the financial year. Sales in comparable units decreased by 4 percent. Converted into Swedish Krona, sales excluding VAT amounted to an increase of 1 percent. In million Swedish Krona terms, the group’s profit after tax fell by 11 percent. Sales increased by 14 percent in local currencies in the period June 1 to June 17, 2013, compared to the same period last year. CEO Karl-Johan Persson

Italian fashion designers Domenico Dolce and Stefano Gabbana have both been found guilty of tax evasion by an Italian court and sentenced to jail. The duo were both sentenced by Judge Antonella Brambilla to one year and eight months in prison, after being found guilty of failing to declare hundreds of millions of euros to the Italian tax authorities. The designers, who were in London over the weekend launching their menswear boutique, were not present for the verdict and have strongly deny the