Puma has cut its revenue and earnings forecast for the full year after reporting sales worse than expected in Europe and Asia. However, Puma still expects to continue to increase net profit compared to 2012. "In view of our first-quarter results and of continuing economic uncertainty in certain key markets, management now expects a low- to mid-single-digit decline in full-year sales," Puma said in a statement. For the first quarter, net profit fell 32 percent to a worse than expected 50 million

Invista, a world leader in nylon intermediates, polymers and fibres, very recently told WTiN that it felt there was plenty of opportunities available for investment and growth in the Far East. Since then, the company has signed a Land Reservation Agreement with the Shanghai Chemical Industry Park Development Company for a nylon 6,6 polymer site at the Shanghai Chemical Industry Park (SCIP). The agreement is for additional land adjacent to Invista’s planned hexamethylene diamine (HMD) and

Fashion brands are constantly criticized for featuring unhealthy and unnaturally skinny models in their advertisements but H&M is taking one giant step forward in representing women of all sizes with its new summer collection ads featuring model Jenny Runk. I reached out to H&M to see if we can expect to see more relatable campaigns like this one. “We think Jenny Runk shows off our summer swimwear in a very good way and are extremely happy with the pictures," said a spo

Country's readymade garment (RMG) industry is facing a shortage of workers in the aftermath of Tazreen and Savar tragedies, industry insiders said. They also said for shortage of workers the apparel industry cannot properly utilise their hundred per cent production capacity. "Tazreen and Savar tragedies created a panic among the RMG workers, it has been very difficult to recruit new manpower," Managing Director of Nassa Group Khandakar Mohammed Saiful Islam told the FE. He said after pasting

The Fourth Safety Fun Run organized in Vietnam’s southernmost province of Binh Duong by Better Work Vietnam attracted participation of over 3,600 garment workers. The focus of the annual event this time was "Putting Fire Safety First". The event was meant to generate awareness regarding ways to avert fire incidences in the country’s garment factories by fortifying the ties between employers, employees, buyers and the community. The event also provided a platform to the particip

Statistics show that the leather and footwear sector earned US$520 million from exports this April and US$2,252 million in the first four months of this year, a nine percent increase from a year ago. The Ministry of Industry and Trade said that the growth in these months had been the slowest since last April. Vietnamese leather and footwear exports are still risky as a result of changes in the world market and Vietnam’s great reliance on material imports including tanned and artificial leat

Knitwear garment exporters have yet again voiced their anxiety over the ‘abnormal increase in the yarn prices’. Stating that the garment exporters were struggling to execute the existing orders and not in a position to take future orders as they were already operating on wafer thin margins, Tirupur Exporters Association President A Sakthivel said ‘the competition is severe in the international market and our sustenance is becoming difficult because of the steep increase in the input cost.’

Several Belgian textile companies and a brand from the chemical industry have shown interest to invest in Macedonia, said Agency for Foreign Investments director Visar Fida after Tuesday's business forum, MIA reports from Brussels. After the presentation in the premises of the Belgian Textile Federation, Fida told MIA the country's textile sector sought new business destinations in Europe, which would enable easier and faster access to established markets. "These meetings offer a good chance t

China's slumping naphtha imports go a long way to explaining why industrial output growth has been muted and why it may not accelerate much in coming months. Net imports of the refined oil product, which is the building block for plastics and synthetic fibers, plunged 38 percent in the first quarter of 2013 to 612,654 tons from the same period a year earlier. Final figures for April aren't available yet, but given that overall net refined product imports were only 1 percent higher than in Mar

Shingora Textiles on Monday announced its formal collaboration with eminent designer Rajesh Pratap Singh at an event organised in Hotel Park Plaza. With this collaboration, Singh will design Shingora's stoles and scarves for its newly launched luxury collection. This collaboration was announced by Shingora Textiles CEO Amit Jain. Shingora Textiles also announced the launch of its Disney Collection for children. The event was attended by over 100 retailers from all over the country. The evenin