Textile Raw Material Price 2013-07-09 Item Price Unit Fluctuation Date Oil WTI 101.13 USD/Barrel 0.1 2013-07-09 PX 1428 USD/Ton -10 2013-07-09 PTA Buy 7660 RMB/Ton 0 2013-07-09 PTA Sell 1058 USD/Ton 0 2013-07-09 MEG Buy 7280 RMB/Ton 80 2013-07-09 MEG Sell 985 USD/Ton 12 2013-07-09 CPL Buy 18150 RMB/Ton -50 2013-07-09 CPL Sell 2350 USD/T

Burberry is bucking any economic woes in the luxury market through its strong sales of accessories and beauty products. The British luxury brand, which this season has high profile actress Sienna Miller and her fiancé Tom Sturridge as its newest faces, is seeing growing sales outside its core clothing division, with men in China driving a boom in male accessories. The company, which was founded by Thomas Burberry in 1856, is also focusing on increasing the size of its fragrance and beauty divi

American Apparel announced it preliminary sales for the month ended June 30, 2013 with total net sales of 55.9 million dollars, an increase of 7 percent over June 2012. Comparable sales for June 2013 increased 7 percent, including a 5 percent increase in comparable store sales in the retail store channel and a 22 percent increase in net sales in the online channel. Wholesale net sales increased 16 percent for the month. For the quarter ended June 30, 2013, total net sales increased 9 percent to

This September Topman and Topshop will launch into Germany within department store Karstadt, with a similar ‘shop-in-shop’ partnership that it has with Nordstrom in America. The British fashion retailers will open within Karstadt’s premium stores KaDeWe Berlin and Oberpollinger Munich, as well as at the Karstadt flagships in Düsseldorf and Hamburg. Each department store will house two 150 square metre ‘shop-in-shop’ concepts for Topshop and Topman offering a wide range of both brands collections

In the US pricing for paraxylene (PX), a major polyester feedstock, has declined modestly since mid-February, mimicking crude oil prices, according to Great American Group analysts. Similar to cotton, Asian markets largely determine pricing on the world scale. As a result, low demand from the Far East has resulted in price declines. However, information gathered by the Textiles and Apparel Monitor, has revealed that many traders do not foresee prices continuing on a downward trajectory, wi

The egotistical attitude adopted by the government with regard to the GSP plus concession has had a devastating effect on the local garment industry – once a thriving export earning sector. According to those engaged in the industry, today only about 25% of the garment manufacturers are there in comparison to the year 2000. Despite the government’s claims that the loss of GSP+ would not affect the garment industry, many factories have been forced to close down, while thousands of employees ha

Dhaka, July 6 (UNB) – Despite the increase in the prices of raw jute as well as the manufacturing cost of jute yarns in the fiscal 2012-13, the country’s yarn exporters are facing losses as the international prices keep falling due to unrest in the Middle East and the Eurozone crisis. Although the total earnings from jute yarn export is expected to stand higher in the fiscal 2012-13, compared to the earning of its preceding fiscal, the price per unit has been in the downtrend over the same pe

Japan is gearing up to make Burma the new sweatshop of Asia, said a report by The Economist citing the case of Famoso Clothing, which is closing its factories in China and moving operations to Rangoon. Famoso is part of Daiei Ready Made Clothes Corporation, based in the Japanese city of Nagoya, and makes men’s suits for the Japanese market and others. Until recently, most of its production was at three factories in China, where it employed thousands of workers. “Three years ago two of t

Some foreign countries such as China, Hong Kong , French, Singapore and Japan will operate garment industry including rice and other agricultural with Cutting, Making and Packing(CMP) system in Myanmar, according to Foreign Investment Law. A Chinese companies such as Jiangsu Solamoda Garments Group Co;Ltd and Dong Fang Star Garment Factory Ltd will carry out the garment industries with CMP system at Shwe Than Lwin industrial zone in Hlaingthayar Township and Halingthayar industrial zone-1.

knitwear exports Textile exporters face problems in fulfilling their orders due to the lack of power supply. The exporters said that a few months ago the textile sector received huge orders from China and other Far Eastern countries. “Now all the value-added sectors, particularly apparel sector received heavy orders,” said Adil Butt, chairman of the Pakistan Hosiery Manufacturers Association (PHMA). The knitwear exports in May increased by 25.5 percent in quantity over the exports made durin