Chinese e-com market hit $4 trillion in 2017

2018/09 17 03:09

China’s e-commerce market continues to expand, with the total amount of transactions reaching $4.26 trillion in 2017, an increase of 11.7 per cent from a year before. In 2017, China’s cross-border e-commerce transaction volume reached 8.2 trillion yuan, a year-on-year increase of 22.3 per cent, according to official Chinese media reports. The top destinations of […]

Bucharest-based INCDTP working on collagenic biomaterials

2018/09 17 03:09

Nano-structured materials and hybrids; fibres for thermal regulation, insect protection and stress management; advanced insulating materials; and collagenic biomaterials for medical application are some research areas of the National Research & Development Institute for Textiles and Leather (INCDTP) in Bucharest, says its general director Carmen Ghituleasa. The institute holds 109 national patents and patent applications […]

Karl Mayer Digital Factory strengthens management

2018/09 17 03:09

Maximilian Kürig; Courtesy: Karl Mayer Karl Mayer has strengthened the management of its Digital Factory with Maximilian Kürig as its additional managing director. The factory helps in developing groundbreaking digital business models, products and services, representing future success. It is company's fourth business unit, in addition to Warp Knitting, Warp Preparation and Technical Textiles. "The […]

Two Sri Lankan companies explore expansion in Pakistan

2018/09 17 03:09

Sri Lanka’s MW Ventures International and Hirdaramani Group want to expand business to Pakistan, according to an official of the latter’s commerce ministry. The first is a services company with expertise in marketing, financial management and event management whereas the second manufactures apparel with factories in Sri Lanka, Bangladesh Vietnam and Ethiopia. Pakistan’s commercial secretary […]

Taiwan’s textile, electronics, cycle firms mull China exit

2018/09 17 03:09

Taiwanese companies are thinking of moving manufacturing operations out of China due to the escalating trade war of the latter with the United States. The most likely to relocate are firms in the textile, electronics and bicycle industries, which export products to the United States, a survey by the country’s Industrial Development Bureau (IDB) has […]

Indian e-com market to cross $100 bn by 2022: PwC-NASSCOM

2018/09 17 03:09

India’s e-commerce market will grow at 25 per cent over the next five years allowing the industry to exceed $100 billion value by 2022, according to a report by London-based PricewaterhouseCoopers (PwC) and India’s National Association of Software Services Companies (NASSCOM). The e-commerce market in the country is valued at present at $35 billion. E-tail […]

Bangladesh experts want independent green growth policy

2018/09 17 03:09

Bangladesh experts and businesses feel the country should adopt its own policy on green growth keeping issues of job creation and sustainability in mind instead of following other developed nations. As government funds to meet the financing demand of small and medium enterprises are scarce, they say the issue of financing should be addressed. Their […]

Walmart, Urban Outfitters personalise customer experience

2018/09 17 03:09

American retailer Walmart and multinational lifestyle retail corporation Urban Outfitters are among the top five retail brands that personalise the customer experience, as per the second annual Retail Personalization Index. Ebay has been ranked at number 5 on this list by Sailthru, a personalised marketing automation technology provider for retailers. Brands that have publicly committed […]

Dollar Industries aims for inorganic growth with M&A

2018/09 17 03:09

Courtesy: Dollar Industries Dollar Industries Limited is aiming for inorganic growth through merger and acquisition (M&A). To boost its growth further, the Kolkata-headquartered company is eyeing for substantial number of EBOs, SIS's (Shop in Shop) and kiosks across major cities of India.The focus of the company lies in the product expansion of Force NXT and […]

US footwear industry body opposes new import tariffs

2018/09 17 03:09

Courtesy: Pexels Hundreds of US firms, including leading footwear brands, sent a letter to the US Government recently opposing new tariffs on $200 billion in consumer goods. Raising concerns that the proposed tariffs would disproportionately hurt US consumers, workers and companies, more than 50 firms of the Footwear Distributors and Retailers of America (FDRA) signed […]

Custom sales at Tailored Brands double in Q2

2018/09 17 03:09

Courtesy: Tailored Brands In the second quarter of fiscal 2018, the custom sales of Tailored Brands have doubled as against last year; sales averaged $4 million per week. The company reported positive comparable sales for all retail brands in the second quarter of fiscal 2018. The transactions increasedthrough brand marketing campaigns and enhanced omni-channel initiatives. […]