Iconix Brand ties up with Sports Direct

2018/08 08 13:08

Courtesy: Iconix Brands Iconix Brand Group has entered into collaboration with Sports Direct International. The two have signed a cooperation agreement in this connection, pursuant to which Sports Direct has the right to appoint two members of the company's board of directors. Justin Barnes, of IBSL Consultancy, has been appointed to the board with immediate […]

Square Capital to give eBay’s sellers access to funds

2018/08 08 13:08

Courtesy: Ebay EBay and Square Capital have come together to provide eBay’s sellers in the US access to funds. While many small businesses struggle for financing, Square Capital will give eligible eBay sellers a simple, seamless, and transparent funding experience. Select eBay customers will begin getting invitations to apply for loan through Square Capital later […]

Global manufacturers to share insights on shirt making

2018/08 08 13:08

Courtesy: Tantu Textile Manufacturers from various parts of the world will discuss innovative and latest solutions to shirt making at the seminar on 'The Art of Shirt Making' on September 15 in New Delhi. The one-day seminar by the Tantu Textile Alumni Association will be a guide light to the Indian manufacturers and help them […]

HanesBrands sales climb 4% in Q2FY18

2018/08 08 13:08

Courtesy: HanesBrands For the second quarter of fiscal 2018, HanesBrands has reported net sales growth of 4 per cent to $1.72 billion versus a guidance range of $1.7 billion to $1.725 billion. Organic sales in constant currency, excluding acquisition contributions, increased slightly. Gaap operating profit was posted at $220 million and adjusted operating profit at […]

Chinese, US textile trade groups oppose protectionism

2018/08 08 13:08

Courtesy: Unsplash Chinese and US textile and apparel groups expressed concern over the escalating trade conflict and their opposition to protectionism during a trade show in New York recently. The conflict is not going to benefit US consumers and fashion brands or Chinese manufacturers, according to Xu Yingxin, vice-president of the China National Textile and […]

US suspends duty-free status of Rwandan apparel under AGOA

2018/08 08 13:08

Courtesy: Unsplash US President Donald Trump recently issued a proclamation suspending application of duty-free treatment for all apparel items from Rwanda under the African Growth and Opportunity Act (AGOA). Rwanda, however, remains eligible for non-apparel benefits under AGOA. “We regret this outcome and hope it is temporary,” said Deputy US Trade Representative (USTR) CJ Mahoney. […]

Levi Strauss unveils new climate action strategy

2018/08 08 13:08

Courtesy: Levi Strauss Levi Strauss has announced a new climate action strategy, which sets aggressive targets for reducing carbon emissions across its owned-and-operated facilities and global supply chain by 2025. This includes using 100 per cent renewable electricity in company-owned facilities. Levi Strauss & Co. a global leader in jeanswear, headquartered in the US. While […]

India’s Flipkart to shut down eBay.in, launch new platform

2018/08 08 13:08

Indian e-commerce firm Flipkart will shut down eBay.in in August and launch a fresh platform for refurbished goods as it attempts to tap into that large unorganised market segment. For an equity stake in Flipkart last year, US firm eBay had made a cash investment of $500 million in Flipkart and sold eBay.in, its India […]

Cotton cultivated over 2.69 mn hectares in Pakistan

2018/08 08 13:08

Cotton crop has been cultivated over 2.69 million hectares across Pakistan during the current sowing season—a 1 per cent rise over the last season—to produce 14 million bales, which is enough to meet the domestic demand and the requirement for exports, according to Khalid Abdullah, cotton commissioner in the ministry of national food security and […]

Dhaka, ILO set decent work priority action areas till 2020

2018/08 08 13:08

The Bangladesh Government and employers and workers groups will work towards creation of green jobs and promotion of social dialogue on a priority basis until 2020 in collaboration with the International Labour Organisation (ILO). These areas are part of a decent work country programme (DWCP) for the country agreed to recently in Dhaka by the […]