Kraig Biocraft begins operations in new laboratory

2017/12 16 15:12

Courtesy: Kraig Biocraft Kraig Biocraft Laboratories, Inc., a leading maker of genetically engineered spider silk based fibre technologies, has completed the build out of its new laboratory space in its new research and production centre. The company is a fully reporting biotechnology firm focussed on the commercialisation of textiles and high performance fibres like spider […]

American Merchant to invest $19.9 mn to start Bristol plant

2017/12 16 15:12

American Merchant, Inc., a subsidiary of Merchant House International Ltd, a Hong Kong-based designer and manufacturer of home textiles, seasonal décor products and leather shoes, will invest $19.9 million to establish its first US manufacturing operation in Bristol, Virginia state governor Terry McAuliffe recently announced. The project will create 405 jobs. Virginia competed with Arkansas, […]

15 trade associations urge nations to safeguard WTO system

2017/12 16 15:12

Fifteen trade and industry associations from across the world have urged the World Trade Organisation (WTO) member nations to safeguard the WTO system, support the least developed countries (LDCs) and fight hunger, take into account the new trade environment and adopt an ambitious work programme on issues of crucial importance for businesses. In times of […]

Tailored Brands posts $810.8 million sales in Q3 FY17

2017/12 16 15:12

Courtesy: Tailored Brands Tailored Brands, a leading US-based specialty retailer of menswear, has posted net sales of $810.8 million for the third quarter of fiscal 2017, down 4.3 per cent compared to the same quarter in previous year. Retail net sales decreased 2.1 per cent due to the impact of last year's store closures, with […]

Under Armour announces senior management additions

2017/12 16 15:12

Courtesy: Under Armour Under Armour, Inc., a leading innovator, marketer, and distributor of branded performance athletic apparel, footwear, and accessories, has announced two new additions to its senior management team. These appointments will support Under Amour’s focus on growing and scaling its global business and broadening its expertise in strategic, global communications. Massimo Baratto will […]

Affordable prices to be hit if US pulls out of NAFTA: NRF

2017/12 16 15:12

US retailers’ ability to offer consumers quality products at affordable prices could be threatened if the United States pulls out of the North American Free Trade Agreement or engages in other anti-trade policy that fails to recognize the increased employment and other contributions imports make to the economy, says the National Retail Federation (NRF). “Concerns […]

Global economy now growing by about 3%: UN

2017/12 15 03:12

There is an upturn in the global economy, and it is now growing by about 3 per cent, paving the way to reorient policy towards longer-term issues such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to the United Nations World Economic Situation and Prospects (WESP) 2018. In 2017, […]

Cotton USA to present innovation at Heimtextil

2017/12 15 03:12

Courtesy: Cotton USA Cotton USA is all set to showcase innovation in technology and cotton at Heimtextil in Frankfurt, Germany. At the global tradefair for home and contract textile, Cotton USA will highlight US cotton’s sustainability, quality, transparency and premium value, as well as the findings of current market and consumer studies and its ongoing […]

Sensor networks improve inventory management

2017/12 15 03:12

Courtesy: SATO Global Solutions Sensor networks like radio frequency identification (RFID) and smart labels play a crucial role in inventory management, said SATO Global Solutions (SGS). This network in the textile, fashion and retail industry arms sales associates with customer behaviour data that optimises operations and create a better shopper experience both online and in […]

Celerant named as #1 retail software provider by RIS

2017/12 15 03:12

Celerant Technology, a retail technology provider offering multi-channel integration to retailers, has been ranked the #1 retail software provider in the 2017 RIS Software LeaderBoard, the retail industry’s prestigious annual ranking of retail technology software vendors. RIS News delivers access to retail news, market information, and press releases. Celerant Technology’s retail management solution, Stratus Retail, […]

Indian economy may grow by 7.2% in 2018, 7.4% in 2019: UN

2017/12 15 03:12

The growth rate of India's economy is expected to rise from this year's 6.7 per cent to 7.2 per cent next year and 7.4 per cent in 2019 making it again the fastest-growing major economy, the United Nations said in its World Economic Situation and Prospects 2018 report. The projection for India for 2018 released […]

Performance Days unveils US Functional Fabric Fair

2017/12 15 03:12

Performance Days has unveiled the US Functional Fabric Fair, powered by Performance Days, in partnership with Reed Exhibitions. The event, a sourcing event for high performance functional fabrics and accessories, will be held during July 23- 24, 2018, during the New York Market Week, and co-located with multiple fashion market events in the New York […]