American Apparel has announced that its preliminary sales for the month ended May 31, 2013 were 55.6 million dollars, an increase of 13 percent over the prior year period. Comparable sales increased 10 percent, which included a 7 percent increase in comparable store sales in the retail store channel and a 37 percent increase in net sales in the online channel. Wholesale net sales increased 22 percent for the month of May on a year-over-year basis. “May represents our 24th consecutive month of p

Celebrations for the Queen’s Diamond Jubilee came full circle today with a ceremony at Westminster Abbey to mark the 60th anniversary of the Queen’s coronation. It was the first time that the Duke and Duchess of Cambridge returned to the Abbey since their wedding and, given the significance of today’s ceremony, the entire royal family was in attendance. We’re not going to lie: we were really hoping to see the royals dressed in traditional ermine robes and elaborate jewellery. (That Diamond Diade

The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Since Cambodia depends on imports for textile raw material to stitch apparels, the imports of textiles and garments by the country during January to March 2013 rose by 18.3 percent year-on-year to US$ 753 million. The robust growth in both imports and exports of textiles and g

Vietnamese businesses should consider investment in textile and garment production in major African markets to satisfy demands in these markets and export to the US while taking advantage of low labor and raw material costs there. Africa is not only a potential export market but also an attractive investment destination for Vietnam's textile and garment enterprises as it has a large demand for textiles and fabrics, while most African countries are members of the World Trade Organization (WTO)

Workers make T-shirts for export to the US at Garment 10 Co. Experts suggest the domestic garment and textile industry adjust its development strategy over the next 10-20 years. —VNA/VNS Photo Tran Viet The development strategy for the domestic garment and textile industry over the next 10 to 20 years should be adjusted to meet the needs of global integration. This was the main topic discussed at a conference collecting ideas to adjust the strategy, which was first approved in 2008. Dep

Primark made it to the news Tuesday with the announcement of it giving a try to online shopping by selling clothes via Asos.com. Still in London, New Look positively surprised markets with a comeback to profit. In the corporate news, Angela Spindler became the coveted one among the industry’s C-suit as she has received a “hello pack” worth of near 4 million pounds over the next three years. The new Chief Executive of N Brown will receive the estimated 1.63 million pounds worth of welcome bonus

British womenswear retailer Topshop is to launch its first store in China this week in Hong Kong, as the Arcadia brand continues with its international expansion. Set to open its doors on June 6, the 14,000 square foot store will be launched with a series of activities including live music, giveaways, and an appearance by special guests before owner Sir Phillip Green cuts the ribbon. Located within the Asia Standard Tower on Queens Road Central, the store spans across two floors and offers the

The Trade Development Authority of Pakistan released figures last week showing textiles and clothing exports rose in value during the first 10 months of the fiscal year by 6.14%, to US$10.75 billion. The rise between earnings during the current fiscal year and 2011/12 therefore shrank compared with the July/March period when the gap had been over 7.0%. Performance in yarn exports seems to have been weaker in many categories during April, but especially in yarn and towelling. Anecdotal evidence i

With most exporters opting against taking forward cover to hedge currencyrelated risks as the rupee had remained within a narrow range for the past several months, the steep fall in the currency would improve profits and order flow for garment makers. "It (rupee depreciation) will benefit exporters. We would become competitive and would be able to get more orders ," says P Nataraj, Managing Director (MD), KPR Mill. "Existing orders will be benefited as they were locked in when the rupee was at

Source: Shutterstock In the past two weeks, Armani and Burberry both announced strong China growth numbers in spite of the country’s luxury slowdown, but their sources of success were not the same. While Armani’s pivot to second- and third-tier cities has been cited as a major driver of its 39 percent profit gains, Burberry’s growth was attributed to demand in major hubs like Hong Kong and Shanghai after the company implemented a more upmarket approach to promotion. Meanwhile, when Louis Vuit