Christopher & Banks moves ahead on strategic initiatives

2018/09 17 03:09

Courtesy: Christopher & Banks Corporation Christopher & Banks Corporation, a specialty women’s apparel retailer, has made progress on the strategic initiatives during the second quarter of fiscal 2018. The company earned net sales of $87.4 million, an increase of 0.9 per cent, while operating on average 462 stores, compared to $86.6 million in net sales […]

Bangla wage board asks representatives to review proposals

2018/09 17 03:09

The minimum wage board formed in Bangladesh to review wages for readymade garment workers has requested representatives of the factory owners and workers to reconsider their respective wage proposals submitted on July 16. The factory owners have proposed Tk 6,360 as the minimum monthly wage, while the workers’ representatives have proposed Tk 12,020. Board chairman […]

AAFA hails US House passage of Miscellaneous Tariff Bill

2018/09 17 03:09

Following the passage of the US Senate’s version of the Miscellaneous Tariff Bill (MTB) Act of 2018 in the House of Representatives, American Apparel & Footwear Association President and CEO Rick Helfenbein congratulated the bill’s sponsors and encouraged President Donald Trump to sign the bill into law to support the American workforce. “This is a […]

Gen Z making deep impact on US consumer economy: Report

2018/09 17 03:09

The 31 million 18- to 24-year-olds and the 21 million 13- to 17-year-olds in the United States are making a profound impact on the American consumer economy, according to a report, which concludes that today's teens and young adults display a wide range of complicated and contradictory characteristics that create an unparalleled challenge for marketers. […]

No trade union in 97.5% Bangla RMG units: think tank

2018/09 17 03:09

Bangladesh’s readymade garments (RMG) sector still has a long way to go in ensuring workers’ rights as 97.5 per cent of the factories don't have trade unions and workers' organisations continue to remain either weak or non-functional in factories, according to a comprehensive survey of the sector conducted by Dhaka-based think tank Centre for Policy […]

USAID East Africa Hub links US apparel buyer to Madagascar

2018/09 17 03:09

The East Africa Trade and Investment Hub of the US Agency for International Development (USAID) conducted a buyer mission to Antananarivo in Madagascar for a large US apparel firm in August last week. The US buyer identified several sourcing opportunities in Madagascar that can support its production of apparel and related fashion goods across several […]

90-day protest in India against Walmart-Flipkart deal

2018/09 17 03:09

The Confederation of All India Traders (CAIT) will launch a 90-day nationwide agitation in New Delhi on September 15 against the Walmart-Flipkart deal and foreign direct investment (FDI) in retail. It has also called for a trade shutdown across India on September 28. It had filed a petition against the Competition Commission of India's decision […]

Flokser produces half of Turkish tech leather for garments

2018/09 17 03:09

Courtesy: Flokser Textile Turkey-based Flokser Textile’s production of technical leather for garments accounts for 50 per cent of production volume in Turkey and its production of upholstery products corresponds to 35 per cent of the total capacity, according to company board member Ekin Tukek. The company continues to grow at an annual rate of 15 […]

CEO Daniel Zhang to succeed Jack Ma as Alibaba chairman

2018/09 17 03:09

Courtesy: Alibaba China’s Alibaba Group Holding Limited recently announced that a one year from now, on September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of the group, while the latter will continue as executive chairman of the company over the next 12 months to ensure a […]

USFIA’s post-hearing comments on 3rd list of China tariffs

2018/09 17 03:09

Following the Office of the US Trade Representative’s hearing on the third proposed list of $200 billion in tariffs, the US Fashion Industry Association (USFIA) filed comments urging removal of certain apparel items and goods from the list and explaining how tariffs will harm US consumers and jobs without solving the intellectual property right challenges […]

Tajikistan keen on garments, tea from India: Envoy

2018/09 17 03:09

Tajikistan is interested for more trade with India in sectors like garments and tea, according to the country’s ambassador to India Jalolov Mirzosharif. Indian jackets, T-shirts and boots had great visibility in Tajikistan a few years back but Indian producers and exporters perhaps could not keep pace and other nations like China took over, he […]

Avery Dennison appoints Mark Barrenechea to BoD

2018/09 17 03:09

Courtesy: Avery Dennison Avery Dennison, global materials science firm, has announced that its board of directors has appointed Mark J. Barrenechea as a director, effective September 10, 2018. Barrenechea is vice chair, CEO, and chief technology officer of OpenText Corporation, a global software leader in enterprise information management with $2.8 billion in fiscal 2018 revenues. […]