Economic

Fashion group Esprit profit jumps threefold; sees slight revenue dip

By globalapparelforum on September 22, 2017 • ( 0 )

Source: http://retail.economictimes.indiatimes.com Fashion group Esprit Holdings Ltdon Wednesday reported a more-than-threefold rise in full-year profit that came in slightly above the midpoint of the company’s forecast as it trimmed operating costs. The Europe-focused clothing retailer is undergoing a multi-year revamp that includes… Read More ›

UK fashion exports £10.7 bn in 2016; highest till now

By globalapparelforum on September 22, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Exports of British fashion goods rose to £10.7 billion in 2016, the highest on record, indicating a clear demand for such goods, with the United States, Hong Kong and Australia — the top three buyers of British fashion brands… Read More ›

Egypt’s garment exports touch $941 million in 8 months

By globalapparelforum on September 20, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Egypt’s garment exports touched $941 million in the first eight months of 2017 compared to $865 million in the same period last year, the country’s Readymade Garments Export Council announced recently. Exports to the United States increased by… Read More ›

Chinese outerwear online sales likely to be 31.5% by 2020

By globalapparelforum on September 20, 2017 • ( 0 )

Source: http://www.fibre2fashion.com/ It is expected that the online sales of Chinese outdoor clothing and footwear is likely to account for 31.5 per cent of total sales by 2020, said a report. Brick-and-mortar outdoor gear specialists are facing significant competition from… Read More ›

GSP+ to raise Lanka’s apparel export revenue by $400 mn

By globalapparelforum on September 19, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Sri Lanka’s apparel exports will increase after it regained the generalized system of preferences (GSP) Plus trade concessions from the European Union (EU) in May after losing it in 2010. A further $400 million in revenues from apparel exports is now… Read More ›

Turkish apparel firms claim 10% of German sales volume

By globalapparelforum on September 19, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Turkey’s ready-to-wear industry has around 10 per cent share in the German apparel sales volume, the Aegean Exporters’ Association (EIB) claimed recently at the Munich Apparel Source Fair. Fourteen Turkish firms under EIB, founded in 1939 with 7,500… Read More ›

INSTC Will Make India-EAEU FTA A Success

By globalapparelforum on September 18, 2017 • ( 0 )

Source: http://www.textileexcellence.com India and the Eurasian Economic Union (EAEU) are planning to speed up the finalisation of a free trade agreement. The EAEU consists of five countries – Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan. Once in place, this will certainly… Read More ›

US accounts for 70% of Peruvian garment exports in H1

By globalapparelforum on September 18, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Nearly 70 per cent of all Peruvian garment exports were destined to the US in the first six months of 2017, according to Association of Peruvian Exporters (Adex). Brazil, Chile, Germany, Canada, Argentina, France, Colombia, the UK and Italy… Read More ›

AEPC requests govt support to boost apparel exports

By globalapparelforum on September 18, 2017 • ( 0 )

Source: http://www.fibre2fashion.com Apparel Export Promotion Council (AEPC) apprised commerce minister Suresh Prabhu about the constraints being faced by apparel exporters towards increasing exports from India. The council spoke about the issue of non-reimbursement of embedded taxes under Rebate of State Levies… Read More ›

Amazon opens its first fashion Imaging Studio in India

By globalapparelforum on September 15, 2017 • ( 0 )

Source: https://www.apparelresources.com Camera Nazionale della Moda Italiana (CNMI), Italy’s foremost fashion council, has put together a comprehensive document that lists down a course of action to make fashion retail business sustainable from beginning to end. The 302-page memorandum has been… Read More ›