Fenix Outdoor is teaming up with German brand Maloja to operate apparel production at Viomoda in Plovdiv, Bulgaria. This partnership aims to enhance competitiveness with...
2024-10-31read more >
Lululemon Athletica reported a 10 per cent rise in Q1 FY24 net revenue to $2.2 billion, with an 11 per cent increase on a constant dollar basis. International net revenue...
2024-10-31read more >
PVH Corp. announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, is leaving the company and will serve in an advisory role during the transition. Lea...
2024-10-31read more >
Yemen's textile, clothing and sewing factories will be fully exempt from taxes as per a directive of the President of the Supreme Political Council Mahdi Al-Mashat. The...
2024-10-31read more >
Academy Sports + Outdoors reported Q1 FY24 net sales of $1.364 billion, a 1.4 per cent decrease from Q1 FY23. Comparable sales dropped 5.7 per cent. Income before tax...
2024-10-31read more >
Bangladesh's ready-made garment exports increased by 2.86 per cent to $43.85 billion from July 2023 to May 2024, compared to $42.63 billion in the same period of previous fiscal year. Knitwear exports
2024-10-31read more >
UNIQLO's PEACE FOR ALL project launches three new T-shirt designs on June 21 to support global peace efforts. These designs, created by designer Tokujin Yoshioka, photographer...
2024-10-31read more >
The Addu city council in Maldives and Business Center Corporation (BCC) have signed a pact to set up a garment unit. The factory aims at offering a corporate environment...
2024-10-31read more >
Cambodia exported $4.969 billion worth of garments, footwear and travel goods in January-May 2024—up by 20 per cent YoY. Exports of apparel and textiles were worth $3.628...
2024-10-31read more >
US textile and apparel imports declined by 3.48 per cent to $32.534 billion in January-April 2024, compared to the same period in 2023. China remained the largest supplier, with Vietnam following. Apparel
2024-10-31read more >
Stakeholders have expressed concern that government's proposed 1 per cent import duty on capital machinery for all industries in economic zones will discourage foreign investment....
2024-10-31read more >
Bangladesh textile and apparel trade bodies have called for continuing the cash incentive on export receipts until 2032 and reconsidering demands like a reduction in source...
2024-10-31read more >
Despite the Israel-Palestine conflict, apparel imports in the Middle East increased slightly in the first quarter of 2024, reaching $1,849.526 million, up 3.41 per cent from the same period last year.
2024-10-31read more >
The Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association has demanded final fixing of source tax at 0.5 per cent for five years. It demanded...
2024-10-31read more >
Australians purchase more clothing per person than any other country, overtaking the US, with 56 items annually, driving a fast fashion waste crisis. Research shows Australians...
2024-10-31read more >
In April 2024, the UK's clothing imports rose to £1.292 billion, an 8.75 per cent increase year-on-year, and textile fabric imports grew by 6.91 per cent to £464 million. However, first-quarter clothing
2024-10-31read more >
The Future Supplier Initiative, led by The Fashion Pact with partners including Apparel Impact Institute and DBS Bank, offers collective financing to drive deep decarbonisation...
2024-10-31read more >
Torrid Holdings reported Q1 FY24 net sales of $279.8 million, a 4.8 per cent decrease from last year, with comparable sales down 9 per cent. Despite this, gross profit margin...
2024-10-31read more >
The US department of homeland security (DHS) has added three Chinese firms to the Uygur Forced Labour Prevention Act entity list. DHS believes footwear firm Dongguan Oasis...
2024-10-31read more >
India's YoY inflation rate based on the CPI was 4.75 per cent in May, provisional data show. Among the groups, inflation corresponding to clothing and footwear fell since...
2024-10-31read more >
Roots reported Q1 FY24 sales of $37.5 million, down from $41.5 million in Q1 FY23. DTC sales fell to $31.4 million due to lower off-price sales. The gross margin was stable...
2024-10-31read more >
OVS reported Q1 FY24 net sales of €352.2 million (~$380.5 million), a 5 per cent increase from Q1 FY23. Growth was driven by a 5.1 per cent rise in directly operated store...
2024-10-31read more >
Oxford Industries reported a 5 per cent YoY decrease in Q1 FY24 net sales, totalling $398 million. Full-price DTC sales dropped 3 per cent, outlet sales rose 6 per cent,...
2024-10-31read more >
H&M Group partners with Rondo Energy, investing and joining its Strategic Investor Advisory Board. They aim to use Rondo Heat Batteries, which convert renewable electricity...
2024-10-31read more >
Nigeria has signed a $3.5-billion agreement with Afreximbank to boost the textile industry and promote the use of CNG vehicles, among other initiatives, a minister announced...
2024-10-31read more >Copyright © 2024 SBS Corporation All Rights Reserved.