Vietnam : Asia tipped to produce over 60% of world’s apparel – dirtwave.com Apparel News Vietnam

2015/07 01 13:07

The apparel production scale in Asia will expand 2.4 per cent by 2030, accounting for over 60 per cent of global outputs, chairman of Vietnam Cotton and Spinning Association (VCOSA) Nguyen Van Tuan said at a conference in Hanoi on Thursday, the Vietnamese media has reported. Tuan, who was speaking at the Vietnam Textile Summit, […]

India : Indian retail looks at omni-channel to drive growth – dirtwave.com Apparel News India

2015/07 01 13:07

After e-commerce, it is now the turn of omni-channel in India. The country’s retail market will primarily be driven by omni-channel as brick-and-mortar retailers enter e-commerce to support their stores, says media reports. "Omni-channel retailing is the way to go in India. All retailers have a big market, nevertheless organized retailers will have to find […]

United States Of America : Fiscal 2015 diluted EPS surges 25% at Nike – dirtwave.com Apparel News United States Of America

2015/07 01 13:07

Driven by gross margin expansion and a lower tax rate, earnings per share surged 25 per cent, year over year at sports good and sportswear marketer Nike Inc for the fiscal ending May 31, 2015. A Nike press release informed that fiscal 2015 diluted earnings per share rose 25 per cent from the previous fiscal […]

India : Indian lingerie brand Clovia names new leadership team – dirtwave.com Apparel News India

2015/07 01 13:07

Indian lingerie and sleepwear brand Clovia has named a new leadership team that it said will lead the company into its next stage of growth. “Pankaj Vermani has joined Clovia as its chief executive officer, while Aditya Chaturvedi has been named as chief technology officer,” a Clovia press release informed. Clovia’s current CEO & founder […]

Bangladesh : Clothing retailers earn highest profits, say US professors – dirtwave.com Apparel News Bangladesh

2015/07 01 13:07

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), one of the largest trade associations in the country representing the readymade garment industry, has said that a presentation by two American professors showed that it is the retailers who squeeze out the largest profits at the cost of manufacturers and buyers. In their presentation, Dr Mark […]

United States Of America : Obama signs two crucial trade legislations into law – dirtwave.com Apparel News United States Of America

2015/07 01 13:07

President Barack Obama has signed two important trade measures into law – the Trade Preferences Extension Act of 2015 and Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015). Both bills, passed by Congress last week, are key legislations that could help American business. Among the most vociferous supporters of the TPA and the […]

India : India, EU to resume FTA talks in August – dirtwave.com Apparel News India

2015/07 01 13:07

India and the European Union will resume talks in August after a two-year gap on the proposed free trade agreement for boosting two-way commerce and investment, the media has reported. "Sometime in August, the EU chief negotiator will be available for negotiations. They have also conveyed that in August they are available for talks," commerce […]

Bangladesh : Relief for Bangla apparel exporters as govt slashes tax – dirtwave.com Apparel News Bangladesh

2015/07 01 13:07

Bangladeshi exporters, including apparel makers, will now have to pay 0.6 per cent tax at source on their income from export from the upcoming financial year, as the government slashed the rate from the proposed 1 per cent, according to reports in the Bangladeshi media. At present, the National Board of Revenue collects 0.3 per […]

Myanmar : Myanmar panel proposes minimum wage of K3600 – dirtwave.com Apparel News Myanmar

2015/07 01 13:07

A national committee has proposed a nationwide minimum daily wage of 3600 kyat ($3.20) for all workers at the conclusion of a year of often heated debate between the Myanmar government, employers and labour representatives, the country’s media has reported. A union representative and a Kayin state labour ministry official, both members of the national […]