Vietnamese businesses should consider investment in textile and garment production in major African markets to satisfy demands in these markets and export to the US while taking advantage of low labor and raw material costs there. Africa is not only a potential export market but also an attractive investment destination for Vietnam's textile and garment enterprises as it has a large demand for textiles and fabrics, while most African countries are members of the World Trade Organization (WTO)

Workers make T-shirts for export to the US at Garment 10 Co. Experts suggest the domestic garment and textile industry adjust its development strategy over the next 10-20 years. —VNA/VNS Photo Tran Viet The development strategy for the domestic garment and textile industry over the next 10 to 20 years should be adjusted to meet the needs of global integration. This was the main topic discussed at a conference collecting ideas to adjust the strategy, which was first approved in 2008. Dep

Primark made it to the news Tuesday with the announcement of it giving a try to online shopping by selling clothes via Asos.com. Still in London, New Look positively surprised markets with a comeback to profit. In the corporate news, Angela Spindler became the coveted one among the industry’s C-suit as she has received a “hello pack” worth of near 4 million pounds over the next three years. The new Chief Executive of N Brown will receive the estimated 1.63 million pounds worth of welcome bonus

British womenswear retailer Topshop is to launch its first store in China this week in Hong Kong, as the Arcadia brand continues with its international expansion. Set to open its doors on June 6, the 14,000 square foot store will be launched with a series of activities including live music, giveaways, and an appearance by special guests before owner Sir Phillip Green cuts the ribbon. Located within the Asia Standard Tower on Queens Road Central, the store spans across two floors and offers the

The Trade Development Authority of Pakistan released figures last week showing textiles and clothing exports rose in value during the first 10 months of the fiscal year by 6.14%, to US$10.75 billion. The rise between earnings during the current fiscal year and 2011/12 therefore shrank compared with the July/March period when the gap had been over 7.0%. Performance in yarn exports seems to have been weaker in many categories during April, but especially in yarn and towelling. Anecdotal evidence i

With most exporters opting against taking forward cover to hedge currencyrelated risks as the rupee had remained within a narrow range for the past several months, the steep fall in the currency would improve profits and order flow for garment makers. "It (rupee depreciation) will benefit exporters. We would become competitive and would be able to get more orders ," says P Nataraj, Managing Director (MD), KPR Mill. "Existing orders will be benefited as they were locked in when the rupee was at

Source: Shutterstock In the past two weeks, Armani and Burberry both announced strong China growth numbers in spite of the country’s luxury slowdown, but their sources of success were not the same. While Armani’s pivot to second- and third-tier cities has been cited as a major driver of its 39 percent profit gains, Burberry’s growth was attributed to demand in major hubs like Hong Kong and Shanghai after the company implemented a more upmarket approach to promotion. Meanwhile, when Louis Vuit

In May 2013, Uniqlo has reported that its same-store sales increased by 10.9 percent year-on-year while sales at its own stores increased by 14.2 percent, while total sales including online sales increased by 14.3 percent. This data refers purely to Uniqlo stores within Japan and does not include any Uniqlo stores outside of Japan or non-Uniqlo businesses. Same-store sales rose year-on-year in May owing to the positive impact of the hotter weather from mid-month and strong sales of garment rang

The international competitiveness of China's textile industry declined due to rising labor costs and administrative controls on cotton prices, Gao Yong, secretary-general of the China National Textile and Apparel Council (­CNTAC), was quoted by Xinhua as saying Tuesday. The export volume of China's textile products accounted for 37.51 percent of the total imports of European countries in the first quarter, 1.04 percentage points lower than a year ago, according to the CNTAC. Source: Glob

More than 1,300 exhibitors from 48 countries will gather in Frankfurt, Germany, next week for the 15th edition of Techtextil, the international trade fair for technical textiles and nonwovens. This figure represents a 10% increase compared to the event in 2011 and the three halls at the fairground are fully booked for the first time. Techtextil caters to the growing global market for technical textiles, which is set to increase by as much as 5% per year, and has set new records in terms of e